[ad_1] MUMBAI, March 27 (Reuters) – Indian government bond prices extended their upward trend on Thursday, with the benchmark bond yields hovering near a 38-month low, amid heightened expectations of an aggressive policy easing by the domestic central bank in fiscal 2026. Market participants are awaiting the government’s borrowing plan for the next six months…
[ad_1] India’s central bank, the Reserve Bank of India (RBI), has been selected for the Central Banking’s Digital Transformation Award 2025 in London, United Kingdom, on Friday, March 14, as per a social media post on platform X. “The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking,…
[ad_1] Shaktikanta Das, who recently retired as Reserve Bank of India (RBI) governor, was appointed as a principal secretary to the Prime Minister, making him the second most important government bureaucrat in the country. Just as retired judges taking up political appointments is perceived as undermining judicial independence, post-retirement appointments of central bank governors could…
[ad_1] Retail inflation in February eased to under the Reserve Bank of India’s (RBI) 4% target for the first time in six months, government data released on Wednesday showed. The consumer price index was up only 3.6% from the same month in 2024. Also Read: Mint Quick Edit | Inflation is down: Will interest rates…
[ad_1] The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades. The fact that…
[ad_1] Although only a few hundred deportees so far have been of Indian origin, there are serious implications for Indian labour market entrants. Nation states across the globe are now squarely responsible for providing jobs and livelihoods for populations within their respective borders. Also Read: America’s H-1B visa is vital to US interests—and suits India…
[ad_1] The central bank has restored the risk weights on bank loans to NBFCs to the levels before they were hiked in November 2023. The RBI then raised risk weights on banks’ exposure to NBFCs by 25 percentage points, over and above the risk weight associated with the given external rating. The revised risk weights…
[ad_1] By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – Persistent foreign portfolio outflows may keep the Indian rupee on the defensive this week with the currency taking cues from regional peers, while government bonds will react to liquidity infusions by the central bank. The rupee, rose slightly week-on-week to settle at 86.7125 against the…
[ad_1] India’s central bank, the Reserve Bank of India (RBI), superseded the Maharashtra-based New India Co-operative Bank for the upcoming 12 months on Friday, February 14, after flagging concerns over poor governance standards and irregularities in its core lending operations. A former general manager of the bank, Hitesh Pravinchand Mehta, was allegedly involved in siphoning…
[ad_1] The government is “actively considering” a hike in India’s deposit insurance limit beyond the current ₹5 lakh, according to M. Nagaraju, secretary, department of financial services. This comment, made soon after the Mumbai-based New India Cooperative Bank was placed under a moratorium by the Reserve Bank of India (RBI), rakes up the issue of…
