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Financial inclusion shaping rate-setting decisions now: RBI's Michael Patra

Financial inclusion lowest in rural and agriculture-dependent areas where food is the main source of income, say deputy governor.

Indian Rupee gains 24 paise to close at 75.02 against US dollar

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.06 per cent to 96.01

Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Forex reserves decline by $160 million to $635.67 billion

Gold reserves rose by $475 million to $39.183 billion in the reporting week

RBI devolves bonds in auction, dodges market demand for higher yields

Central bank signals that it is no longer willing to continue with its easy money policy

Technology is causing disruptions in banking, says K V Kamath

Kamath recognised the great transition done by the banks over the last two years during the pandemic, however, the only issue is about how to compete.

Banks need additional $70 bn to back $5- trn GDP: SBI's Dinesh Khara

Banks would continue to play a critical role in meeting the needs of corporations

Physical, digital financial services to co-exist in India: SBI chairman

On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile

Rates on hold but RBI MPC gets battle ready for economy as Omicron looms

Committee meeting kept policy stance accommodative as Jayanth Varma opposed, but the central bank later worked on raising money market rates through VRRR.

MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor

'Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going forward, are two-fold,' says Shaktikanta Das

MPC minutes: Monetary policy set to get more challenging globally, says Das

While the Indian economy is on its way to achieve the projected growth of 9.5% in 2021-22, there are still significant areas of concern, says RBI Governor

Rupee rises for fifth straight day, ends 5 paise up at 75.54 against USD

Lower crude prices in the international market and a subdued dollar overseas also supported the local unit, forex dealers said

Banks raise over Rs 37,000 cr via AT1 bonds amid capital ratio concern

Call options for instruments raised last year and worth Rs 28,430 crore are due in the next financial year.

Rupee gains 11 paise to 75.48 against US dollar in early trade

The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local uni

MPAI, ADIF write to RBI for an extension of tokenisation deadline

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem

No Cabinet decision on privatisation of two PSBs: FM Sitharaman

The bill related to privatisation of PSBs has been listed for the ongoing winter session of Parliament, which ends on December 23

YES Bank board approves raising funds up to Rs 10,000 crore

The fundraising will happen through various instruments, including equity and bonds

Indian Rupee jumps 31 paise to end at 75.59 against US dollar

At the interbank forex market, the domestic unit opened strong at 75.74 against the greenback and witnessed an intra-day high of 75.41 and a low of 75.74 during the day's trade

Dollar consolidates as risk appetite recovers; Turkish lira rockets

Major currencies held within well-worn trading ranges

Rupee gains 17 paise to 75.73 against US dollar in opening session

The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities

As global funds shun India, rupee turns into worst currency in Asia

The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country's stock market, the most among regional markets where data is available.

EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase

The EPFO provides provident fund, pension benefits to the members on their retirement and family pension & insurance benefits to their families in case of untimely death of the member

Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank

This has been a bad loan account for more than three years

RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education

RBL Bank on Monday said it had raised Rs 5.20 crore through a corporate social responsibility initiative focused on cycling in a bid to support education of underprivileged and special-needs children

Dollar steady, riskier currencies fall on Omicron variant fears

With last week's slew of major central bank meetings out of the way, investors turned their focus to the rapid spread of the variant

Rupee firms up 16 paise to 75.90 against USD on easing crude prices

The rupee notched up gains for a third straight session on Monday, rising further by 16 paise to settle at 75.90 (provisional) against the US dollar

Income-tax return and types of ITR forms

The deadline for filing IT return is drawing close. Many wait till the last moment to finish the exercise, but that is not advisable. Find out the different categories of ITR forms that taxpayers fill

Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired

A plea has been filed in the Delhi HC seeking direction to the Centre and RBI to formulate a policy to issue Rs 50 coins to the visually impaired.

ICICI Bank raises Rs 5,000 crore through 10-year bonds

Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates

IFSCA sets up panel for creating framework for transfer of stressed loan

The International Financial Services Centres Authority on Friday sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.

Two-day bank strike ends; banking operations hit across Maharashtra

Banking operations across Maharashtra remained impacted for the second straight day on Friday as employees of state-run lenders continued their two-day strike against bank privatisation

Union Bank of India raises Rs 1,500 crore via Basel-III compliant bond

State-run Union Bank of India has raised Rs 1,500 crore by issuing Basel III compliant bonds on a private placement basis.

India's foreign exchange reserves dip down by $77 mn in December

India's foreign exchange reserves inched lower by $77 million during the week ended December 10.

Rupee firms up gains to end at 76.06 against dollar on Friday

The rupee pared its initial losses to settle marginally higher by 3 paise at 76.06 against the US dollar on Friday

Credit card users spent Rs 39,000 cr on digital payments in 2021: Report

Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October

Bank strike continues for second day, services hit at many places

: Banking services across Tamil Nadu remained hit for the second day on Friday with employees union staging a protest against the proposed privatisation of nationalised banks by the government

NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath

The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath

RBI's push towards card security likely to hit merchants, lenders: Report

Merchants and bankers argue they have not been given enough time to comply with the changes that RBI wants to make effective Jan 1, 2022

NaBFID to start lending operations in Q1FY23, says chairman K V Kamath

The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath
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