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RESERVE BANK OF INDIA NEWS
RBI announces $10.5 billion liquidity infusion via repoThe RBI will infuse up to 1 trillion rupees ($10.53 billion) through the operation, which traders said must be to help lenders tide over ta...
Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil IndiaIndian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhan...
Axis Bank's Freecharge gets in-principle RBI nod to operate as payment aggregatorAxis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Fre...
HDFC Bank deputy MD Kaizad Bharucha to step down on December 31Kaizad Bharucha has submitted his resignation as deputy managing director of HDFC Bank, effective December 31, 2026. This decision follows ...
$60 billion in 6 weeks: RBI's rupee defence comes at a costReserve drain Forex reserves fall to $726 b on Oct 9 from $785.7 b on Sept 4, with latest reporting week alone showing a depletion of $8.58...
RBI approves merger of Emirates NBD's India branches with RBL BankThe Reserve Bank of India has approved the merger of Emirates NBD Bank's Indian branches with RBL Bank. This amalgamation will officially t...
India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this yearIndia’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $7...
India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBIIndia’s foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the...
Rupee relief comes with disruptions in financial marketsThe Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to sky...
Jio IPO: Reliance’s newest listing meets a market its 1977 investors wouldn’t recogniseJio is set to enter a competitive market with its IPO, which marks Reliance's first offering since 2006. The shift from physical share cert...
Rupee strengthens to 95.05 a dollar while forward premiums hit four-year high amid RBI measuresThe rupee concluded the day on Thursday with a gain of 10 paise, reaching 95.05 against the dollar. This strengthening occurred as forward ...
RBI issues clarifications on forex hedging curbsThe Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging r...
Bank deposits hit record $3 trillion in September, boosted by dollar deposits schemeIndia's banking system deposits hit a record high, reaching approximately 284 trillion rupees by September 2023. The increase was primarily...
Fairfax offers plan to resolve IDBI-CSB ownership overlappingA merger of the two lenders is emerging as the most likely option, potentially allowing the Canadian investor to consolidate its banking in...
Ultra-short-term borrowing costs spike; premium over policy rate hits 4-year highThe Reserve Bank of India hiked rates for the first time in nearly four years last week and shifted its stance, signalling more increases, ...
India's ultra-short-term borrowing costs spike; premium over policy rate hits 4-year highIndia's 182-day and 364-day treasury bill yields climbed to 18-month highs at Wednesday's auction, while premiums over the RBI's 5.5% repo ...
Pressure on rupee may continue after temporary gains on RBI actions, say economistsThe Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indic...