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RBI's special audit over, IIFL Finance appoints team to implement correcti
Updated : 1 year, 9 months ago IST
IIFL Finance, which caught the eyes of the Reserve Bank of India (RBI) for the significant irregularities in its gold loan portfolio, said it has taken necessary measures to address the identified concerns and prevent their recurrence.
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Rupee depreciation against dollar miniscule as compared to other currencie
Updated : 1 year, 9 months ago IST
The Indian rupee experienced significant volatility in June, largely driven by the impact of elections, Foreign Portfolio Investor (FPI) outflows, and a rise in oil prices, which collectively strengthened the US dollar against the rupee, according to a report by Bank of Baroda.
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Reserve Bank of India wins risk manager of the year award 2024
Updated : 1 year, 9 months ago IST
This accolade recognizes RBI's exemplary strides in enhancing its risk culture and awareness, affirming its pivotal role in safeguarding the stability of the Indian financial system.
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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 9 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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Auto, banks, defence, and aviation sectors to remain positive in NDA 3.0:
Updated : 1 year, 9 months ago IST
India's economy is on a positive trajectory with a focus on infrastructure development driving growth, highlights a report "India Strategy" by Prabhudas Lilladher, a stock broking company.
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Presidential elections influencing financial strategies, economic forecast
Updated : 1 year, 9 months ago IST
The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
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External Affairs Ministry, SBI ink MoU to enhance digital payment services
Updated : 1 year, 9 months ago IST
The Ministry of External Affairs (MEA) and the State Bank of India (SBI) signed a Memorandum of Understanding (MoU) on Saturday to enhance digital payment services for users of the eMigrate portal.
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Assam: Six arrested for illegal exchange of old Rs 2000 denomination notes
Updated : 1 year, 9 months ago IST
Assam police busted a gang and arrested six people, including two bank officials, who were involved in an illegal exchange of old Rs 2000 denomination notes in Karimganj district on Friday.
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India's foreign exchange reserves touch fresh highs at USD 655.8 billion
Updated : 1 year, 9 months ago IST
India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed.
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CBUAE's gold reserves see 12.6 per cent YoY growth by end of March 2024
Updated : 1 year, 9 months ago IST
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2 per cent, or AED172.8 billion, compared to approximately AED613.8 billion at the end of Q12023.
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