Finance News

RBI’s forex reserves rise for fifth straight week to $564.07 billion The Reserve Bank of India’s (RBI’s) foreign exchange reserves rose by $2.9 billion to $564.07 billion in the week ended December 9. This is the fifth consecutive week of an increase in the central bank’s coffers. The rise in the previous week was mainly ...

Indian banks’ loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI Dec 16 (Reuters) – Indian banks’ loans rose 17.5% in the two weeks to Dec. 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 1.59 trillion rupees ...

Heavy selling pressure: Rupee falls 9 paise to settle at 82.85 agnst dollar The rupee dropped 9 paise to close at 82.85 (provisional) against the US dollar on Friday amid heavy selling pressure in domestic equities and a strong greenback overseas. However, receding crude oil prices capped the rupee’s loss, forex traders said. At ...

Rupee marginally lower against dollar, PSU banks help limit losses: Report The Indian rupee was a tad lower to the U.S. currency on Friday, with dollar sales by public sector banks saving the local currency from bigger declines. The rupee was quoting at 82.8375 per dollar by 10:20 a.m. IST, compared with 82.76 in the ...

Rupee slips 4 paise against US dollar in line with domestic equities The rupee depreciated 4 paise to 82.80 against the US dollar in early trade on Friday due to losses in domestic equities and risk aversion in global markets. However, a weak greenback overseas supported the domestic currency and restricted the decline, forex traders ...

Rupee, bonds slide as US Federal Reserve shows no signs of pivot The rupee and government bonds weakened sharply on Thursday as the Federal Reserve continued to signal a policy of aggressive monetary tightening, disappointing traders who had bet on a softer tone, or a “policy pivot” from the US central bank. The rupee settled ...

Slippages from restructured NBFC book increased in H1FY23, says Icra Under moratorium as a consequence of forbearance provided by the Reserve Bank of India (RBI) due to the pandemic, a sizeable portion of the restructured book of non-banking financial companies (NBFCs) has slipped into non-performing assets (NPA) in the first half (H1) of 2022-23 (FY23). This has ...

Rupee depreciates 15 paise to 82.64 against US dollar in early trade The rupee depreciated 15 paise to 82.64 against the US dollar in early trade on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance dented investor sentiments. A strong dollar against key rivals overseas and losses in the domestic equity markets ...

DIPAM extends last date for submission of EoI for IDBI stake sale The Department of Investment and Public Asset Management (DIPAM) on Wednesday extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of IDBI Bank to January 7 next year from December 16. The last date for submitting physical copies of EoI by ...

SBI board approves raising Rs 10,000 crore capital through tier I bonds State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 (AT1) capital up to an amount of Rs 10,000 crore is subject to Government of India ...