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CENTRAL BANK MONEY
CBI conducts searches in Kolkata in PNB fraud casesThe Central Bureau of Investigation (CBI) has conducted searches on Wednesday, at 8 locations in Kolkata, West Bengal, in connection with t...
Banking liquidity falls to fiscal-year low, pushes up money market ratesMoney market rates have risen as banking system liquidity dropped to its lowest this fiscal year. Advanced tax outflows caused this liquidi...
Dollar sees 'bullish break' on Fed rate-hike betsThe US dollar is experiencing a significant rally. Traders are betting the Federal Reserve will raise interest rates soon. This has strengt...
RBI to conduct Rs 1 lakh cr 3-day VRR auction on Jun 19The Reserve Bank of India will conduct a Rs 1 lakh crore variable rate repo auction on June 19. This move aims to manage liquidity in the b...
Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits upIndian funds in Swiss banks saw a decrease in 2025, reaching 3.25 billion Swiss francs. However, customer deposits experienced a significan...
FPIs pump record funds into G-Secs after policy shiftForeign funds are pouring into India's government bond market at a record pace this month, driven by tax exemptions on interest and capital...
Financial Intelligence Unit puts large crypto OTC deals under scanner, asks exchanges for trade dataIndian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data...
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas fundsThe Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...
NEET re-test nears amid admit card glitches, refund queriesCandidates are facing challenges downloading NEET-UG 2026 re-examination admit cards. The National Testing Agency is working to resolve tec...
Euro zone bond yields steady near two-week low after Middle East peace dealEuro zone bond yields stabilized after a recent dip. A US-Iran deal to reopen the Strait of Hormuz is easing energy supply concerns. This d...
China signs up 26 financial institutions to digital yuan cross-border payment platformThe agreement will allow participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border settlement pla...
RBI opens listed Indian equities for foreign investorsThe Reserve Bank of India has opened direct equity investment in listed firms to all foreign individuals, expanding beyond NRIs and OCIs. T...
EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...
China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...
CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...
Zelle to expand peer-to-peer payment service to India this yearZelle, a popular payment service, is set to launch in India later this year. This marks Zelle's first international expansion. The company ...
Indian-American arrested in California for allegedly defrauding bank of $100 millionAn Indian-American man, Mahender Makhijani, was arrested in California for allegedly defrauding a bank of nearly $100 million. He is accuse...
Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...
CD rates may fall up to 100 bps as banks tap overseas deposits, loansInterest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop,...
RBI exempts bank swap deals from net unhedged FX exposure normBanks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight forei...