As the earnings season for the second quarter of the current financial year is set to begin, banks are expected to report another soft performance, according to a report by Axis Securities. The brokerage firm highlighted that Q2 is likely to remain weak for the banking sector due to a combination of factors including tepid…
The coming week will be crucial for Indian equities as investors track the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, developments on the India-US trade deal, foreign institutional investor (FII) activity, and global economic cues. The MPC meeting is scheduled from September 29 to October 1, where the central bank is expected to…
Rupee hits 88.36 against the dollar amid fears of U.S. tariffs; RBI steps in with dollar sales to limit losses as foreign investors pull out $1.4 billion in September. Source link
India’s foreign exchange reserves (forex) recorded a massive drop, according to official data released by the Reserve Bank of India. They fell by USD 9.32 billion to USD 688.871 billion in the week ended August 1, it added. In the latest monetary policy meeting, RBI Governor Sanjay Malhotra said that the foreign exchange reserves are…
The Securities and Exchange Board of India (SEBI) has directed the disgorgement of Rs 949.43 crore in 76 investment-related fraud cases between April 2020 and March 2025, according to information shared in Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the highest disgorgement occurred in FY 2021-22 at…
The Reserve Bank of India (RBI) will soon issue a clarification on which small banks can become universal banks. It may soon issue the guidelines on what will be the requirements related to listing, time limit, and universal bank license. RBI wants that after getting clarity, Small Finance Banks should not take much time to…