Finance News

At record 795 tonnes, RBI's gold reserves see sharp on-year spike Share of foreign currency assets in overseas securities rises to 81% by March

FSDC discusses need for more early warning indicators for economy Amid the continuing liquidity crisis in banks of the West, the Financial Stability and Development Council (FSDC) on Monday discussed the need for more early stress indicators in India’s financial sector to enable regulators to identify potential signs of trouble and deal with them in advance. “Regulators should maintain ...

Banking system sheltered from wider sector turmoil seen globally: FSDC NEW DELHI (Reuters) – India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which ...

Bain Capital seeks to raise $4 bn for new global special situations fund By Kane Wu and Anirban Sen Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said.   Bain Capital kicked ...

Canara Bank Q4 profit up 90.6% at Rs 3,175 cr, robust NII boosts growth Canara Bank’s net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore for the quarter ended March 2023 (Q4 FY23) on healthy growth in net interest income (NII). Canara Bank’s net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore for the ...

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported ...

FM Sitharaman to review state of economy at FSDC meeting on Monday Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial ...

More SVB-like crises to come, says Aswath Damodaran on US banking sector SVB Crisis: What led to the collapse of start-ups’ favourite bank? SVB crisis: How the ripples of the bank’s plunge reached foreign shores SVB crisis: What is contagion risk, and is it expected to spread to India? BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the ...

RBI sounds note of caution on OPS, says it may add to liabilities in future Even as several non-BJP ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have started implementing the old pension scheme, the Reserve Bank of India (RBI) has cautioned that it would add to the financial burden of the states. In its report ...

Here’s how banks are coping with surge in cyber attacks, phishing, online banking fraud With a surge in online frauds, large banks are working extra hard to raise awareness among customers as well as their own employees, the Financial Express (FE) reported. These lenders are aggressively working towards eliminating the threats of online fraud. In the past one year, ...