India’s forex reserves jump by $4.758 billion to hit two-month high of $640.479 billion: RBI
India's reserve position with the IMF was up by USD 7 million at USD 4.09 billion in the reporting week, the apex bank data ...
RBI’s FX swap auction sees strong demand as system liquidity deficit persists
RBI’s recent $10 billion dollar/rupee swap auction highlighted strong demand amid significant liquidity deficits. With the ...
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Bank Scandal: The Bhanu Saga & The Missing Millions
Hiren and Gauri Bhanu, former executives of New India Co-Operative Bank, are wanted in an embezzlement case involving Rs 122 crore. The Economic Offences Wing of Mumbai police is investigating, having ...
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Bombay High Court Flags 'Cut Copy Paste' Orders Being Passed By Banks To Declare Fraud Accounts; Asks Anil Ambani To Approach RBI
The Bombay High Court on Friday asked industrialist Anil Ambani to approach the Reserve Bank of India (RBI) to challenge the ...
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India's economic growth accelerates to 6.2pc in Oct-Dec
Gaura Sen Gupta, Economist, IDFC First Bank, Mumbai, says the Q3 GDP growth is "marginally better than our expectations". The ...
Chief economic advisor calls out the paradox of India's private sector investing abroad amid global uncertainties
V. Anantha Nageswaran urged the private sector to invest in India, which is expected to grow at 6.5% in FY25, considering ...
RuPay accounts for 16% of credit card spending, with half driven by UPI: NPCI's Dilip Asbe
UPI processed 16.9 billion transactions, amounting to a transaction value of Rs 23.48 lakh crore. However, Visa and Mastercard continue to dominate India’s credit card market, even as RuPay gains ...
Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the ...