[ad_1] This will be Gupta’s maiden policy-making role. She entered RBI after spending a significant part of her career with the World Bank and the International Monetary Fund (IMF). Her prolific newspaper writings suggest that her views on policy matters are not always fully aligned with those of RBI and the government. Gupta is categorically…
[ad_1] On Tuesday—the worst day for the Indian markets since 28 March—benchmark indices tumbled more than 1.5%, reflecting jitters around the upcoming announcement and leaving investors poorer by more than â‚ą3.4 trillion. The S&P BSE Sensex dropped 1.8% to settle at 76,024.51, while peer Nifty 50 closed 1.5% lower at 23,165.70. After a sharp 14%…
[ad_1] Bank holidays today: Public and private banks across the country are closed today for Ramzan Eid (also known as Ramadan Eid or Id-ul-Fitr) and tomorrow for the yearly bank account closing day, in an extended holiday since Sunday (weekly off). Take a look at the details and bank holiday schedule for April 2025 here….
[ad_1] Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank. “What I’m beginning to find in the banking sector is much more short-termism. But what the banking sector truly requires is a mindset of continuity and perpetuity,…
[ad_1] As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has emerged as a powerful tool to fight cheque fraud in India, especially for large-value transactions. The PPS adds an extra layer…
[ad_1] On 10 March, IndusInd Bank disclosed that an internal review had uncovered a discrepancy in its rupee-dollar swap accounting. The irregularity would erode the bank’s capital base by 2.5%. The management sought to reassure investors and depositors, stating that the impact would not threaten the bank’s stability, and its promoter group bolstered confidence by…
[ad_1] Life Insurance Corporation of India (LIC) wants the Reserve Bank of India (RBI) to issue sovereign bonds with a 100-year tenure. The state-run insurer’s chief Siddhartha Mohanty has said that LIC is in discussions with RBI on the idea. Also Read: The case for granting autonomy to state-run listed entities. Starting with LIC For…
[ad_1] The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to 6.25% on 7 February. A rate cut leads to an easing of interest rates on loans. However, loan rates have just started easing, after a rather longer transmission period. Rate cut transmission Let…
[ad_1] The 10-year Indian bond yield, once trading at 12-13% in the late 90s, has now dropped from its 5-year high of around 7.5% to 6.7% as of February-end 2025. With the start of the interest rate cut cycle, yields are expected to fall further. And with no indexation benefits in debt mutual funds, this…
[ad_1] Over the past 10 years, the Shanghai SE Composite Index rose just 2.5%. However, the Chinese government’s stimulus measures to boost domestic consumption and DeepSeek’s AI model lifted the sentiment. China’s benchmark index has delivered 12.55% returns over the past one year compared with a 1.8% rise in the Nifty 50 during the period…
