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AZAD HIND BANK CURRENCY
Some Indian banks poised for interest margin gains as short-term funding costs fallIndian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. Thes...- IIFCL plans $1 billion loan from overseas investors; in talks for $400 million ADB fundingIndia Infrastructure Finance Company is set to secure a substantial $1 billion foreign-currency loan, potentially its largest to date, and ...
- NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEOIndian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amit...
- PoK protests, Islamabad's repression blow apart farce created by PakistanPakistan's army chief's international peacemaker image clashes with domestic repression, particularly in 'Azad Kashmir'. Protests demanding...
- RBI's dollar inflow measures buy time, but external risks remainThe Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabiliz...
- Rahul Gandhi's ex-AAP Dalit pick Rajendra Pal Gautam made AICC in-charge of UPThe Congress party has appointed former AAP leader Rajendra Pal Gautam as its in-charge for Uttar Pradesh, signaling a strategic move to en...
- Banks' credit steady at 17.7%, deposits ease to 12%: RBIBank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...
- Global Market: South Korea to extend won trading to 24 hours in bid to boost global appealSouth Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is exp...
- Rupee bounces from day's low on RBI supportThe Indian rupee saw a slight recovery on Wednesday, closing at 94.66 against the dollar after touching an intraday low. State-run banks in...
- Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar pushBank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI mea...
- Rupee cushioned by central bank hand even as dollar strength dents Asia FXThe Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening doll...
- Aaditya Thackeray accuses BJP of "draining" BMC funds as Mumbai faces severe waterlogging due to heavy downpourMumbai faced significant waterlogging after heavy rains, prompting Shiv Sena (UBT) MLA Aaditya Thackeray to criticize the government's focu...
- Aaditya Thackeray accuses BJP of "draining" BMC funds as Mumbai faces severe waterlogging due to heavy downpourMumbai faced significant waterlogging after heavy rains, prompting Shiv Sena (UBT) MLA Aaditya Thackeray to criticize the government. He ur...
- Dollar at 13-month high as rate hike bets, stock rout boost demandThe U.S. dollar surged to a 13-month high, driven by a tech stock sell-off and anticipation of Federal Reserve rate hikes. Investors are fl...
- RBI's FCNR push may boost banks' deposit growth: CrisilForeign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. Th...
- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- Rupee flat as traders mull Fed rate path, keep eyes peeled for flow cluesThe Indian rupee held steady as falling oil prices provided some relief, though traders remained cautious due to anticipated US Federal Res...
- Srinagar cafe serves Bun Maska, Irani chai with a side of FIFA World CupDowntown Srinagar's Irani Cafe is buzzing with football fever, screening FIFA World Cup matches nightly. A couple, an aeronautical engineer...
- Indian financial firms to tap $1.5 billion overseas bonds this week: BankersIndian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging ...
- Indian passport, visa services in UAE to pause for five days from June 26Indian passport, visa, and attestation services in the UAE will be temporarily suspended from June 26-30 due to a change in service provide...
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