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Banks Raise FCNR-B Deposit Rates After RBI Support
HDFC Bank, YES Bank, AU Small Finance Bank and Central Bank of India have raised FCNR-B deposit, people familiar with the matter told NDTV Profit.
RBI dismisses reports of gold sale, says holdings unchanged at 880.52 tonnes
In a statement, the RBI said reports in certain sections of the media regarding the sale of gold by the central bank were "not correct". It added that its physical stock of gold remains unchanged at 880.52 tonnes.
NBCC bags orders worth ₹131 crore from Central Bank, Andhra Pradesh govt
NBCC India wins Andhra Pradesh and New Delhi construction orders worth ₹131.02 crore. Shares of NBCC (India) Ltd ended higher on Wednesday, May 13, by 2.74% at ₹95.20 on the NSE.
RBI accelerates gold repatriation as global trust wanes
The Reserve Bank of India is bringing home nearly 77% of its gold reserves by March 2026. This significant move accelerates the onshoring of bullion. The central bank has already repatriated a large portion of its gold. This action follows global events that raised concerns about storing sovereign assets abroad. Many countries are now repatriating their gold.