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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.
Finance

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
Finance

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.
Finance

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.

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.
Finance

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.

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
Finance

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.
Finance

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
Finance

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
Finance

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
Finance

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

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
Finance

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 unit, traders said. At the interbank foreign exchange, the rupee opened slightly strong at 75.56 and gained further ground to quote 75.48 against the American dollar in early deals, a rise of 11 paise from the last close. In the previous session, the rupee had settled at 75.59 against the greenback. On the domestic equity market front, the 30-share Sensex was trading 366.66 points or 0.65 per cent higher at 56,685.67, while the broader NSE Nifty advanced 112.50 points or 0.67 per cent to 16,883.35. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 74.16 per barrel. Foreign institutional investors remained net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 1,209.82 crore, as per exchan

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
Finance

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
Finance

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

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
Finance

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

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
Finance

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

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