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Forex reserves further drop by $2.17 billion to $584.74 billion: RBI
Forex reserves further drop by $2.17 billion to $584.74 billion: RBI The country’s forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6, the RBI said on Friday. India’s forex kitty had gone down by USD 3.794 billion to USD 586.908 billion in the previous week. It can be noted that ...
Read More »RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance
RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance Union Bank of India has incurred a penalty of Rs 1 crore for its failure to comply with specific directions
Read More »RBI likely selling US dollars to keep rupee off record low: Traders
RBI likely selling US dollars to keep rupee off record low: Traders “It’s the same story. The RBI is there, like it is there on most days,” a spot trader at a private sector bank said
Read More »Traders puzzled why the RBI spends billions fighting stronger dollar
Traders puzzled why the RBI spends billions fighting stronger dollar Volatility in the rupee is hovering near the lowest in almost two decades and the currency has avoided breaching a record low even as rising US rates wreaked havoc in emerging markets
Read More »SBI net banking will be down on this day; here are alternatives
SBI net banking will be down on this day; here are alternatives [ad_1] State Bank of India customers will not be able to access internet banking services due to scheduled activity. However, it has not mentioned anything about the YONO app, if its service will be available. According to the SBI website, “The services of Internet Banking applications will not ...
Read More »Higher interest rate puts pressure on CASA deposits, shows survey
Higher interest rate puts pressure on CASA deposits, shows survey Higher interest rates have resulted in a reduction in Current Account Savings Account (CASA) deposits as most of the savers are shifting towards term deposits, according to a report. CASA is low-cost deposits mobilised by banks, and higher amount of low-cost deposits mean better margins for banks. A survey by ...
Read More »Bank of Baroda to raise Rs 10,000 cr to fund infra, housing projects
Bank of Baroda to raise Rs 10,000 cr to fund infra, housing projects Bank of Baroda (BoB) on Wednesday said its board has approved a proposal to raise up to Rs 10,000 crore to fund infrastructure and affordable housing projects. The approval is for raising Long Term Bonds for Financing of Infrastructure and Affordable Housing aggregating to a total size ...
Read More »Explained: Term insurance premium is 15% cheaper for women than men
Explained: Term insurance premium is 15% cheaper for women than men Women may be eligible for lower premiums than men due to their longer life expectancy and lower risk of certain health conditions.
Read More »Axis Bank, Fibe partner to launch India's first numberless credit card
Axis Bank, Fibe partner to launch India's first numberless credit card The card offers cashback of a flat 3 per cent on online food delivery across all restaurant aggregators and local commutes on leading ride-hailing apps
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