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Source: Business Standard He further noted that the underdeveloped financial system and the limited market for infrastructure debt have made the sector heavily dependent on banks | File image 2 min read Last Updated : Sep 12 2024 | 12:15 PM IST The National Bank for Financing Infrastructure and Development (NaBFID) should aim to…
Source: Business Standard Meanwhile, dollar-rupee forward premiums dipped, with the 1-year implied yield down 2 bps at 2.23%, retreating from a 16-month peak in the previous session (Photo: Shutterstock) 2 min read Last Updated : Sep 12 2024 | 11:23 AM IST The Indian rupee was little changed on Thursday, holding above its lifetime…
Source: Business Standard The proposed rules considered the liquidity profile of all banks and 5 per cent “does not seem over the top,” a third source aware of the matter said | (Photo: Shutterstock) 3 min read Last Updated : Sep 11 2024 | 2:35 PM IST India’s central bank will stick to its…
Source: Business Standard Enforcement Directorate | Photo: X @dir_ed 2 min read Last Updated : Sep 11 2024 | 9:26 PM IST India enforcement agency seized Rs 12.9 lakh ($15,360) during searches at Axis Mutual Fund’s offices in Mumbai and Kolkata related to an ongoing investigation of front-running, the agency said on Wednesday. …
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 8:06 PM IST The outstanding balance in the Sukanya Samriddhi Yojana (SSY) grew from Rs 77,472 crore in February 2023 to Rs 1 lakh crore in February 2024, according to data from the Reserve Bank of India. SSY registered a 41…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 11:08 AM IST The Reserve Bank of India (RBI) has turned down Canara Bank’s proposal to establish a credit card subsidiary, a move that the government-owned lender believed would boost its growing card business, reported The Economic Times. Currently, Canara…
Source: Business Standard The rupee was at 83.93 against the US dollar as of 10:20 am IST | Representational 2 min read Last Updated : Sep 09 2024 | 11:05 AM IST The Indian rupee was nearly flat on Monday, supported by market expectations that the Reserve Bank of India (RBI) will not allow…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
Source: Business Standard Asian equities and currencies declined following Friday’s selloff in US equities on concerns over the US growth outlook | Representational 2 min read Last Updated : Sep 09 2024 | 8:46 AM IST The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies…
Source: Business Standard Das said currently the balance between inflation and growth is well poised but reiterated the need to maintain price stability to support growth over the medium to longer term | File image 2 min read Last Updated : Sep 05 2024 | 1:27 PM IST Despite the moderation seen in India’s…
