UAE central bank restrictions may dampen NRI dollar mobilisationNew UAE Central Bank rules are creating hurdles for Indian banks seeking to attract NRI dollar deposits. Restrictions on representative off...
PSBs raise term deposit rates to reclaim deposit market sharePublic sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs....
Cover in Dubai, dollars in India, foreign banks are ready to playOverseas banks are finding a clever way to tap India's dollar demand without exceeding exposure limits. They're asking Indian banks to issu...
Indian Army creates five Integrated Battle Groups, one Fire Support Group in major military reformThe Indian Army has launched a major reform, establishing five Integrated Battle Groups and a Fire Support Group to enable swift, decisive ...
Prajapati group seeks to turn caste strength into political cloutA nationwide political push is underway by the Prajapati community, aiming to consolidate its nine-crore population for greater electoral i...
Platforms, IAMAI move Karnataka HC against gig workers welfare lawThe petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until th...
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...
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...
Assam CM Himanta Biswa Sarma monitoring Dhemaji flood situation, train services suspendedAssam Chief Minister Himanta Biswa Sarma has pledged full government support for flood-affected residents in Dhemaji, directing ministers t...
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...
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...
People scramble to buy ACs and cooling fans in France as record Europe heatwave disrupts schools, nuclear reactorsEurope is grappling with a severe heatwave, forcing France to elevate health emergency responses and consider public alcohol bans. Schools ...
35 nations, including India, sign statement on AI opportunity at Pax Silica Summit in USAt the second Pax Silica Summit held in Washington on Thursday, 35 nations signed the Joint Statement on AI Opportunity, aligning behind a ...
NCERT introduces emergency lesson in class nine; 'divisive politics', says CongressNCERT's new Class 9 textbook includes a section on the 1975-77 Emergency, framing it as a test for Indian democracy. Education Minister Dha...
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...
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...
France mobilises €13 billion for tech sovereignty funding pushFrance has secured €13 billion in new funding for technology firms. This boost comes from institutional investors under the Tibi initiative...