Rupee falls to record low, touches 79.37 against US dollar

Rupee falls to record low, touches 79.37 against US dollar

The Indian rupee tumbled to its lowest against the US dollar amid a record trade deficit, rising con..

RBI to defend rupee against jerky movements: Deputy Guv Patra

RBI to defend rupee against jerky movements: Deputy Guv Patra

The Reserve Bank of India (RBI) is intervening in the market to defend the rupee and will not allow ..

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

The board of Canara Bank on 24 June approved a Rs 9,000 crore capital raising plan through a combina..

RBI disallows non-banks from loading credit lines on prepaid payment instruments

RBI disallows non-banks from loading credit lines on prepaid payment instruments

The Reserve Bank of India (RBI) has disallowed non-bank pre-paid wallets and pre-paid cards from loa..

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

The Reserve Bank of India (RBI) will take strict action against regulated entities who resort to str..

Lending rates rise, HDFC hikes retail prime lending rate by 50 basis points

Lending rates rise, HDFC hikes retail prime lending rate by 50 basis points

Lending rates are on a swift rise, much ahead of the upward movement of deposits. Housing Developmen..

RBI raises repo rate by 50 bps, inflation forecast to 6.7%

RBI raises repo rate by 50 bps, inflation forecast to 6.7%

Continuing its fight against rising inflation, the Reserve bank of India (RBI) has increased the rep..

RBI raises housing loan limits for co-operative banks

RBI raises housing loan limits for co-operative banks

The Reserve Bank of India (RBI) has raised the limits on individual housing loans extended by co-ope..

SBI chairman Dinesh Khara takes home Rs 34.42 lakh in FY22

SBI chairman Dinesh Khara takes home Rs 34.42 lakh in FY22

State Bank of India (SBI) chairman Dinesh Khara took home Rs 34.42 lakh as annual salary for the fin..

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Mumbai-based Union Bank of India will have a woman boss for the first time. A Manimekhalai, executiv..

EMIs to rise as PNB, ICICI Bank and HDFC raise lending rates

EMIs to rise as PNB, ICICI Bank and HDFC raise lending rates

Banks continue to raise their lending rates in anticipation of further hikes from the Reserve Bank o..

PNB raises RTGS, NEFT charges

PNB raises RTGS, NEFT charges

Punjab National Bank has revised upwards its service charges for RTGS (real time gross settlement) a..

DICGC settles deposit insurance claims of Rs 8,517 cr in FY22

DICGC settles deposit insurance claims of Rs 8,517 cr in FY22

Deposit Insurance and Credit Guarantee Corporation (DICGC), set up to protect the interest of small ..

India’s forex reserves start climbing again

India’s forex reserves start climbing again

After falling for ten consecutive weeks, India's forex reserves increased by $4.23 billion to $597.5..

Waiting till June may have meant stronger rate action: RBI Guv

Waiting till June may have meant stronger rate action: RBI Guv

As several storms hit together and the war in Ukraine showed no signs of abating, the wait till June..