Finance News

ICICI Bank Q3 net profit jumps 23.6% to Rs 10,272 cr, NII up 13.4% Net Interest margins dip on rise in cost of deposits; makes Rs 627 crore provision to AIF exposure

Rupee depreciates 1 paisa to 83.14 against US dollar in early trade The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs). Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency. At the ...

RBI announces changes to market timing for January 22. Details here The Reserve Bank of India (RBI)’s announcement came a day after the Centre announced that all central government offices will be closed for half a day

Foreign banks lap up government bonds ahead of India's index inclusion Foreign investors pumped in Rs 14,281 crore in domestic debt market in January

Reserve Bank of India net sells $1.9 billion in November, shows data The rupee depreciated by 0.17 per cent in November. The RBI’s net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October

Citigroup partners with LuminArx to launch private lending vehicle Last year, Wells Fargo also launched a fund in partnership with a private equity firm

State Bank of India raises Rs 5,000 crore funding through AT1 bonds The nation’s largest lender State Bank of India has raised Rs 5,000 crore through its second Basel III compliant additional tier 1 (AT1) bond sale this fiscal. The bank, in a statement on Thursday, said the perpetual bond with a call option after 10 years and every anniversary ...

Commercial banks rushing to ramp up presence in temple town of Ayodhya The town has been buzzing with business activities since the temple construction started following the Supreme Court’s permission in November 2019. The opening is scheduled for January 22

Rupee depreciates 3 paise to 83.15 against US dollar in early trade The rupee depreciated 3 paise to 83.15 against the US dollar on Wednesday, tracking a strong greenback against major rivals overseas and massive selling in domestic equity markets. However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a ...

Bank of Baroda to raise up to Rs 5,000 cr via infra bonds in Jan: Bankers The state-run bank is likely to invite bids from bankers and investors for the proposed issue this month, they said