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As the dollar index eases, the rupee opens 15 paise higher at 87.56.
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Despite US President Donald Trump's remarks that ruled out trade discussions with India, the rupee opened 15 paise higher on August 8 as the dollar index dropped in early morning trading. After closing at 87.71 versus the dollar the day before, the currency began at view more...
Economists predict that the RBI may keep rates on August 6 due to ongoing trade negotiations with the US.
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In its monetary policy review on August 6, the Reserve Bank of India (RBI) is anticipated to keep interest rates. Economists have told Moneycontrol that even as America puts tariff pressure on India, the central bank may decide to take a "wait and watch" stance as a res view more...
DCB Bank's net profit for the June quarter increased by 20% year over year to Rs 157 crore.
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According to a company filing on July 31, DCB Bank recorded a 20 percent year-over-year increase in net profit for the June quarter, at Rs 157 crore, with advances growing 21 percent on-year and deposits growing 20 percent. In the June quarter, DCB Bank's mortgages view more...
Shriram Finance examines a novel approach to borrowing in order to cut expenses.
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Executive Vice Chairman Umesh Revankar told Moneycontrol that Shriram Finance is actively working on a new borrowing plan to further lower its cost of financing over the next six months. Revankar pointed out that older loans with comparatively higher interest rates view more...
In 2024, PSU banks' borrowing percentage in the uncollateralized money segment dropped to 3%: RBI
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According to the Reserve Bank of India's (RBI) July bulletin, state-owned banks' proportion of borrowings in the uncollateralized money sector decreased from 3 percent in 2019 to just 3 percent in 2024 as these lenders expanded their activity in the collateralized segme view more...
The dollar index is trading strong once more as the rupee opens 11 paise down at 86.26.
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On July 21, the dollar index was trading high, while the rupee opened 11 paise down. After closing the previous session at 86.15 versus the dollar, the currency began at 86.26. In the morning session, the dollar index, which compares the value of the US dollar to a view more...
In Q1 FY26, Bandhan Bank's microfinance portfolio accounted for 70% of its gross slippages: Sengupta, the CEO
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The Emerging Entrepreneurs Business (EEB), the bank's main microfinance portfolio, accounted for Rs 1,089 crore, or around 70%, of the Rs 1,553 crore in gross slippages reported in Q1 FY26. Managing Director and CEO Partha Pratim Sengupta revealed the information on view more...
Veritas Finance and SK Finance, two SME lenders, are expected to go public in August.
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Two mid-sized lenders for small and medium-sized businesses, Veritas Finance and SK Finance, are preparing to enter the capital market by the beginning of next month in response to HDB Financial's listing. According to sources, both businesses are well along in their r view more...
Will further rate reduction be made possible by lowering inflation?
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Economists and experts are speculating about another rate decrease after India's retail inflation eased to a 77-month low in June. It might pave the way for the Reserve Bank of India (RBI) to lower interest rates as early as the August monetary policy. To support g view more...
Can another round of high inflation be brought on by a flood of liquidity?
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According to the Reserve Bank of India's most recent figures, the Indian banking sector is awash in cash once more, like a monsoon overflow, with excess liquidity reaching Rs 4 lakh crore as of July 4. This spike, which was caused by significant government spending, view more...
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The RBI's offshore swap reporting strategy may be resisted by international banks.
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According to persons familiar with the situation, international lenders intend to request that India's central bank relax a rule requiring them to disclose trading in offshore interest-rate derivatives. The sources, who asked not to be named because the talks are pri view more...
Rupee gains 20 paise at 85.88/USD, shrugging off uncertainty and returning to the 85 zone.
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After US President Trump's criticism of Federal Reserve chair Jerome Powell and his plans to replace him early caused the dollar index to plummet to a multi-year low, the Indian rupee opened 20 paise higher on June 26. The currency ended the previous session at 86.09 view more...
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