Banking industry
Inflation in India continues to be a concern, with the Consumer Price Index (CPI) showing that inflation was 7.01 percent in June 2022, compared to 7.04 percent in May and 7.79 percent in April. The Reserve Bank of India has stated that there are signs that inflation
Banking industry
The Reserve Bank of India's (RBI) latest data indicates a 21% year-on-year increase in bank loans to non-bank lenders, totaling `11 lakh crore in May 2022. This surge is due to a sharp pullout of funds from debt mutual funds and rising funding costs in capital markets. Experts
Banking industry
India's central bank, the Reserve Bank of India (RBI), has introduced an Indian rupee settlement system for international trade, allowing exporters and importers to use a special vostro account linked to the correspondent bank of their partner country for receipts and payments denominated in Indian rupees. This move
Banking industry
The Reserve Bank of India has taken measures to ease the flow of foreign investments, relax terms on foreign currency deposits, and increase the eligibility for foreign portfolio investors in debt securities. The central bank aims to stem the outflow of portfolio funds, conserve foreign exchange reserves, and alleviate dollar
Banking industry
The Reserve Bank of India (RBI) has granted its "no objection" for the merger proposal of HDFC Bank with its parent HDFC Ltd, subject to certain conditions. This significant development, valued at approximately USD 40 billion, is touted as the largest transaction in India's corporate history.
Banking industry
The Indian equity markets, as indicated by the BSE Sensex, were trading in red on the back of negative cues from other Asian markets. The Reserve Bank of India (RBI) warned that financial risks associated with the profile of government debt can hamper the functioning of fixed-income markets. The RBI
Banking industry
Export-Import Bank of India has issued a tender notice for Engineering, Procurement, and Construction (EPC) Contractors for the Tuna Processing Complex under the Felivaru Fisheries Complex Expansion Project in the Republic of Maldives. The tender reference number is GOILOC-309/Maldives/EPC-85, and the deadline for expression of interest is July
Financial markets
Monetary policy actions in India will not be as harsh as elsewhere to contain inflation, said Reserve Bank of India (RBI) deputy governor Michael Patra. This is because the depreciation in the rupee is among the slowest in the world, and the RBI aims to defend it against volatility. The
Banks (Finance)
As the US Supreme Court overturns Roe v Wade, major corporations have moved swiftly to provide support and financial assistance to employees seeking abortions in states where the procedure is outlawed. With millions of women potentially seeking care elsewhere, companies are adding "critical healthcare" packages to employee benefits,
Financial markets
Arini, a London-based hedge fund founded in 2021, has significantly expanded its team by recruiting three seasoned executives with extensive experience in the capital markets. The new hires, Younes Belcadi, Stan Fedorenko, and Mehdi Kashani, bring a wealth of expertise to the firm, which has grown its assets under management
Banks (Finance)
The US economy is headed for a deeper recession than initially anticipated, according to Deutsche Bank, which has become the first major bank to predict a US recession in April. The bank's economists now expect the economy to slow dramatically, with a 3.1% annualized contraction in the
Banking industry
Retail inflation eased to 7.04% in May from an eight-year high in the previous month, as fuel prices dropped following duty cuts and food prices softened, as per data released on Monday. Despite the slowdown, the figure remained above the Reserve Bank of India's target range of
