Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said on Wednesday
This is the second fund-raising since early December when it had mopped up Rs 10,000 crore via infra bonds
Stakeholders say internet penetration, robust technology, and concerns about data security are key issues they want the govt to address
Proposed payment system aimed at preventing misuse of client funds by brokers
Amalgamation scheme shall be effective upon the filing of tribunal's order
The union territory of Jammu & Kashmir has 64.5 per cent stake in J&K Bank while UT of Ladakh has about 4.5% stake
Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher
Some industry experts also suggested that gains in the crypto industry should be allowed to be offset against losses
Himachal Pradesh, Chhattisgarh, Rajasthan and Punjab have decided to roll out the old pension scheme
The RBI will introduce an ECL approach for loan loss for banks, as compared to the incurred loss approach at present, one year after announcing the final guidelines
States must urgently push for debt consolidation, create capex buffers
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
Industry seeks hold on interest rates from RBI
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Hope of reduced Fed rate hikes, lack of RBI dollar buys drive rupee gains
On the CBDC being piloted now, he said central banks issued digital currencies are the future of money and its adoption can help save on logistic and printing costs
The proposal came up in a meeting between RBI deputy governor T Rabi Sankar and senior officials from European banks
Agency searches multiple premises of the former bureaucrat in the alleged currency printing corruption case
Central bank facility permits market participants to set maximum and minimum value for bids
On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators