The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financi...

State Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. Th...

Maharashtra has mandated Marathi language teaching and examinations for all schools, from Classes 1 to 10, across all mediums. Institutions...

Any moderation in El Nino effects and resolution of geopolitical uncertainty will further reduce the downside risks to growth. Operationali...

Bank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...

A government panel is set to meet industry leaders on June 30 to explore ways to boost India's Special Economic Zones (SEZs). Discussions w...

A government committee reviewing India’s Special Economic Zone (SEZ) policy will hold a stakeholder meeting on June 30 to examine how free ...

Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI mea...

Axis Bank successfully raised $800 million through a dual tranche dollar bond, tapping into the Reserve Bank of India's concessional swap f...

Indian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...

Indian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...

The Indian rupee held steady as falling oil prices provided some relief, though traders remained cautious due to anticipated US Federal Res...

Indian government bonds held steady as a recent rally paused, with investors now awaiting cues from Bloomberg's index inclusion decision an...

Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special sw...

The Indian rupee maintained steady ground against the dollar last Friday, closing almost flat. The day’s trading featured some ups and down...

The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...

Hudco aims to secure one billion dollars in foreign debt. This will be achieved through the Reserve Bank of India's concessional forex swap...