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Asia’s currency fight moves offshore as central banks push backAsian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dol...
Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India, BoB and moreSeveral Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announce...
RBI issues draft CCR framework aligned with global standardsThe Reserve Bank of India has released draft rules for banks. These rules cover how banks calculate risks from derivative deals. They also ...
Banks pay 7% on dollar deposits as India seeks fresh foreign currencyIndian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new ...
Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
RBI likely intervenes to support rupee, conducts swaps, traders sayThe Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable for...
FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
Bitcoin’s biggest challenge isn’t the BTC USD price crash - here’s why most Americans still don’t own cryptoBitcoin ownership 2026 in US analysis: Despite Bitcoin's significant price drop, only 22% of Americans own cryptocurrency, with younger gen...
Trump says pilots safe after US Army Apache goes down near HormuzA US Army Apache helicopter crashed near the Strait of Hormuz. President Donald Trump confirmed the pilots are safe and uninjured. The crew...
Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...
India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
Gold extends losses on US interest rate-hike fearsGold prices dipped on Monday, extending previous losses amid U.S. interest rate hike fears. Meanwhile, escalating tensions in the Gulf sent...
Gold price today: Gold rate crash to continue in June? All you need to knowGold rate will remain sensitive to developments in West Asia, according to bullion exparts.
RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...
Fine of up to Rs 1 crore for hill cutting to be imposed by Goa Town and Country Planning BoardGoa's Town and Country Planning (TCP) Board will now impose hefty fines for hill cutting. Violators face penalties starting at Rs 50 lakh, ...
EU paves way to allow migrant deportations to centres outside blocEuropean Union lawmakers and governments have agreed on new rules. These rules permit sending rejected asylum seekers to centers outside th...
Crypto exchange Coinbase to introduce INR rails in IndiaCoinbase has launched direct rupee deposits and withdrawals in India, a move that gives it a significant advantage over rivals like Binance...