Banking industry
Indian equity benchmarks, including the BSE Sensex and the CNX Nifty, continued their previous session's losses with a gap-down opening on Monday, dragged by broad-based losses across sectors. The stocks in the Auto, FMCG, Capital Goods, Power, and Healthcare sectors were among the top losers, with the BSE
Banks (Finance)
The Most Powerful Women in Banking program is celebrating its 20th anniversary, honoring leaders who demonstrate exceptional leadership skills, strong performance, and a commitment to diversity, equity, and inclusion in financial services. This year's rankings reveal notable areas of leadership, with many honorees advocating for their companies'
Financial markets
Despite the gloomy prospects of a global recession, Deutsche Bank's CEO Christian Sewing remains optimistic about the bank's liquidity and positioning in the market. With nearly €200 billion in liquidity, the bank is confident of weathering any storm. Sewing believes that while a recession is imminent,
Financial markets
The Reserve Bank of India (RBI) governor Shaktikanta Das delivered a half-point interest rate hike, maintaining the central bank's focus on withdrawing accommodation. The move was expected, but Das' warnings about emerging inflation and financial instability are causing unease. Unlike the Federal Reserve or the European Central
Banking industry
As the dollar index continues to slide, gold prices are expected to surge to $1,710 per ounce before Diwali, according to bullion market specialists. This forecast comes on the heels of a 1.6% rise in gold prices last week due to hawkish central banks and the dollar index&
Banking industry
Bangladesh's dwindling foreign exchange reserves, coupled with a weakening taka, may soon lead to a rupee loan line with India, according to banking circles. This move would enable Bangladesh to pay for imports from India in local currency, thereby reducing its strain on foreign exchange reserves. A framework
Banking industry
The Indian rupee declined to a provisional closing of 79.96, its lowest level in over a decade, as importers and banks increased their demand for the US dollar ahead of the US Federal Reserve's meeting outcome. The currency touched a high of 80.01 and a low
Banking industry
The Small Industries Development Bank of India (SIDBI) has signed multiple Memoranda of Understanding (MoUs) with various organizations to enhance energy efficiency and sustainability among Micro, Small and Medium Enterprises (MSMEs) in India. The initiatives aim to contribute to the country's Sustainable Development Goals (SDG) 2030 targets. SIDBI
Banking industry
India's retail inflation, as measured by the consumer price index (CPI), rose to 7% in August, higher than the 6.7% in July and 5.30% in August 2021. Food inflation was the main driver of this increase, with prices of cereals, vegetables, milk, and milk products rising
Banking industry
The domestic equity markets sustained their upward momentum into the final trading session of the week, buoyed by healthy global cues. The NSE Nifty 50 index hovered near 17,900 levels with a gain of 105 points, while the S&P BSE Sensex climbed around 300 points to trade
Banking industry
Vodafone Idea, the ailing Indian telco, witnessed a surge in its shares by up to 5% on Thursday, following reports of its prepaid short-term loan of approximately Rs 2,700 crore with the State Bank of India (SBI). The stock touched an intraday high of Rs 9.42, marking a
Banking industry
In a significant development for micro, small, and medium-sized enterprises (MSMEs) in India, the Walmart-owned fintech company PhonePe has enabled online payments for 80 lakh merchants in the last 18 months as part of the Reserve Bank of India's (RBI) Payments Infrastructure Development Fund (PIDF) scheme. The PIDF
