Foreign exchange reserves fall to $525 billion, lowest since July 2020- QHN
The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined $3.8 billion to $524.52 billion in the week ended October […]
RBI intervenes to claw rupee back from fresh intraday low vs dollar- QHN
After weakening to a fresh intraday low against the US dollar on Thursday, the rupee recovered smartly to end the […]
RBI asks banks to set aside capital, provisions for unhedged FX exposure- QHN
The Reserve Bank of India (RBI) on Tuesday tweaked guidelines for banks on incremental capital and provisioning requirements in relation […]
RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank- QHN
Reserve Bank of India (RBI) on Monday cancelled the license of Pune based Seva Vikas Co-operative Bank as the urban […]
RBI to launch digital rupee on pilot-basis soon, issues concept note- QHN
The Reserve Bank of India (RBI) is exploring the possibility to launch its own digital currency or digital rupee (eRe) […]
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ- QHN
Loans continued to grow at a healthy pace for private sector banks in the July-September quarter of the current financial […]
Six months on, crypto tax leading to siphoning of India’s wealth: Experts- QHN
The provision of a 30 per cent tax on the transfer of cryptocurrency has facilitated the siphoning of India’s wealth […]