The Hindu Businessline

Competition to intensify for NRI deposits

This includes Pool Buyout, Co-Lending, TReDS and Supply Chain Finance at Nariman Point, Mumbai

LCR requires banks to maintain high quality liquid assets to meet 30 days net outgo under stressed conditions

The court said the banks statements were factually accurate and imposed a Rs 5 lakh cost on the trust.

According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at 3.32 lakh crore on Tuesday, up from 3.23 lakh crore on June 3.

Bank posts record 1,322 crore profit in FY26; targets 4 lakh crore business by FY29

The hiring push, including for senior leadership roles, will continue through March 2027.

Measures extended hedging support and liquidity management till January 2027

Four of the five top tier Indian IT services players saw an increase in share of revenue from the BFSI vertical in FY26, according to data from the companys annual reports

The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 States, helping small suppliers access working capital against confirmed government purchase orders

For the new MD and CEO of Canara Bank, the first priority is on the resources side, raising low-cost deposits and improving CASA, which will strengthen overall efficiency.

Request FinMin to set up working group on ARCs to review their existing position and expand their role

The public sector lender reported a net profit of 80,032 crore for the year, with operating profit rising to 1.23 lakh crore

The deal would be one of the largest to ever come to market, ahead of a similar transaction from Carlyle Group Inc.s AlpInvest unit last year

The report stated that the measures aim to attract foreign capital into India while addressing rupee pressure and enhancing external sector stability

The original cryptocurrency climbed as much as 3.8% to nearly $64,200 and was trading around $63,000 at 7 a.m. in London

Consumer durables, logistics, retail and capital goods likely to lead the next phase of the investment cycle.

RBI has ordered banks to require full collateral for credit facilities used by brokers for proprietary trading, citing concerns over funds being used for equity market speculation

For FY28, the SPF projected real GDP growth and CPI inflation at 6.9% and 4.5%, respectively

He added IRDAI is proactively addressing the insurance sectors evolving market needs.

The CBI said it has already filed its first chargesheet before a special court in Panchkula.

Medical Management leads the disease mix at 33% of loans disbursed over the past 2.5 years, followed by Cardiology at 15% and Neurology at 14%, collectively representing over 60% of all disbursements

Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House

Appointed in June 2023, Swaminathan Janakiraman replaced MK Jain and has been overseeing key regulatory and banking functions at the central bank

The RBI upped the FY27 retail inflation projection 5.1 per cent (earlier projection: 4.6 per cent) and cut the real GDP growth projection to 6.6 per cent (6.9 per cent)

Banks will have to ensure transparency and uniformity in the disclosure of deposit interest rates, per draft amendment directions.

The measures buoyed the rupee, which posted it biggest single day gain since April 2 on Friday

It is a target that the government has given us; the target is not in abeyance at all. It remains at 4%, and that is our endeavor, says Sanjay Malhotra

Reforms could improve reserve adequacy and bolster investor confidence

Policy aims to attract stable capital and lower borrowing costs

Bitcoin is trying to stabilise around $64,000 after dropping over 13% in the past week, nearly halving its value since its October 2025 peak and reducing its market cap to approximately $1.27 trillion

The Latest Fixed Deposit Interest Rates: Jun 05, 2026

The Latest Home Loan Interest Rates: Jun 05, 2026

As of May 29, 2026, Indias foreign exchange reserves were $682.3 billion, sufficient for 11 months of imports and covering 89.1% of external debt, he said

Bitcoin has dropped about 14% this week to trade around four-month lows

Move comes in the face of the rupee coming under pressure amid the West Asia war, spike in crude oil prices and FPI-related dollar outflows from the Indian equity markets

RBI revises real GDP projection downward to 6.6% from 6.9% and ups retail inflation projection to 5.1% from 4.6% for FY27

Talent retention remains a hurdle for GIFT City despite its growing appeal to global firms

Mishra is at present working as Chief Economist with Axis Bank

Fraser underscored the long-term potential and trend that India inexorably is on

The funding round was led by Sony Innovation Fund, with participation from existing investor 3one4 Capital.

These new branches will come up in tier-3 and -4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, the company said

The bank had made total recovery of 3,307 crore during financial year ended March 2026

One proposal suggests shifting Reliances cash from liquid mutual funds to short-dated money market instruments, sources say

Visa launched Visa.co.in, a platform offering curated lifestyle benefits and rewards for eligible cardholders

Value of trades in tri-party repurchase segment hit all-time high of 5.5 trillion rupees on May 13 and has stayed elevated since

The award was presented in the category Modern Technologies-led Innovation Data Insights & Analytics Platform at a ceremony organised by Infosys Finacle in Mumbai

The proposals come as policymakers seek to support the rupee amid foreign fund outflows, higher oil import costs and global economic uncertainty.

The partnership includes a GIFT City-based facility for dollar-denominated transactions and a partial guarantee mechanism for domestic rupee transactions

The initiative marks the first phase of collaboration between NPCI International Payments Limited and Acleda Bank Plc. and is aimed at promoting seamless, secure, real-time cross-border merchant payments while reducing reliance on cash and cards