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India's forex reserves fell USD 2.06 billion after extending gains for eig
Updated : 10 months, 2 weeks ago IST
India's foreign exchange reserves (Forex) fell USD 2.06 billion to USD 686.06 billion in the week that ended on May 2, after extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed.
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SBI divests 13.19% stake in Yes Bank to SMBC for Rs 8889 crores
Updated : 10 months, 2 weeks ago IST
The State bank of India on Friday announced the divestment of 13.19 per cent of its stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC).
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Rupee likely to remain in Rs 85-87 range against USD in 2025, US Fed may h
Updated : 10 months, 3 weeks ago IST
The Indian rupee is expected to remain stable in the range of Rs 85-87 against the US dollar through 2025, according to a recent report released by the State Bank of India (SBI).
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SBI expects Inflation in India to remain below 3 per cent in the first qua
Updated : 10 months, 3 weeks ago IST
India's retail inflation is likely to stay below 3 per cent till June 2025, according to a recent report by the State Bank of India (SBI).
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SBI research predicts aggressive rate cuts by RBI in FY26 amid benign infl
Updated : 10 months, 3 weeks ago IST
The Reserve Bank of India (RBI) is likely to have an aggressive rate cut trajectory for the current fiscal year (FY26), driven by the significant moderation in inflation, said SBI Research on Monday.
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Indian Rupee may consolidate at 84.40/USD but any escalation at border may
Updated : 10 months, 3 weeks ago IST
The sentiment for the Indian Rupee (INR) has turned more favourable in recent weeks, according to a report by Union Bank of India.
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India's forex reserves climb for 8th straight week, rise by USD 1.98 billi
Updated : 10 months, 3 weeks ago IST
India's foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed.
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Sa-Dhan and Bank of India Sign a MoU for Expanding Financing Footprint
Updated : 10 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], May 2: Sa-Dhan, an RBI - appointed self-regulatory organisation of Microfinance and Impact Finance Institutions in India, has signed a Memorandum of Understanding (MoU) with Bank of India for expanding the financing access to small and micro and women-led enterp
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RBI reshuffles deputy governor portfolios following Poonam Gupta's appoint
Updated : 10 months, 3 weeks ago IST
The Reserve Bank of India (RBI) announced a redistribution of portfolios among its Deputy Governors on Friday with immediate effect, following the appointment of Dr Poonam Gupta as Deputy Governor on April 2.
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S&P lowers India's growth forecast, second time in two months over US
Updated : 10 months, 3 weeks ago IST
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade worries following the reciprocal tariffs announced by the US.
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Union Bank of India Launches MSME & CASA Outreach Programs to pass on
Updated : 10 months, 4 weeks ago IST
Mumbai (Maharashtra) [India], April 30: Union Bank of India, today announced the launch of its MSME & CASA Outreach program, a nationwide initiative aimed at strengthening relationships with existing customers, expanding outreach to new MSME clients, and driving sustainable growth in CAS
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SBI, Land Ports Authority Of India sign MOU to enhance banking services at
Updated : 10 months, 4 weeks ago IST
The State Bank of India (SBI), the country's largest bank, today signed a Memorandum of Understanding (MoU) with Land Ports Authority of India to strengthen banking services infrastructure across 26 land ports bordering our neighbouring countries, a release added.
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