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Nationwide mock drill underway ahead of NEET-UG re-exam; security tightened
Today marks an extensive nationwide mock drill aimed at guaranteeing a smoothly conducted NEET-UG 2026 retest scheduled for June 21. More than 22.79 lakh candidates are expected to sit for the exam in 551 Indian and 14 overseas cities. Strict security protocols are being implemented at the NTA headquarters and testing centers. This exercise is crucial for assessing readiness and ensuring a secure, transparent atmosphere for the medical entrance test.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
RBI monetary policy meeting minutes show inflation concerns stay in focus
Reserve Bank of India (RBI) announced minutes of its latest Monetary Policy Committee (MPC) meeting today. MPC member Dr. Nagesh Kumar stated that in the highly uncertain current economic environment, however, prudence requires waiting for greater clarity to emerge on the impact before any monetary policy response. One needs to keep an eye on the evolving geopolitical situation in West Asia and its implications for the Indian macroeconomic outlook, especially the growth-inflation dynamics.
South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap window
South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This move follows the RBI's new USD/INR forex swap facility, enabling banks to secure stable foreign currency while managing exchange risks. The attractive returns offer NRIs a chance to grow their savings securely, with the RBI facility available until September 2026.
Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable
Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news from other major firms.
INR sees modest gains as local stocks stay supported
Indian Rupee edged up today, appreciating despite a firm undertone in the US dollar index as continued policy support kept sentiments buoyant for the local currency. Yesterday, the Reserve Bank of India has eased interest rate rules for overseas deposits. This move is set to allow banks to offer better returns on FCNR(B) and NRE accounts and will likely attract more foreign funds in coming months. INR held near five-week high following this and added 9 paise at 94.40 per US dollar.
SBI To Raise Rs 60,000 Crore In FY27 Via Bonds
The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing.
State Bank of India ends higher after board OKs proposal to raise Rs 60,000 crore
State Bank of India gained 1.64% to Rs 1042.85 after the bank's Central Board approved a proposal to raise up to Rs 60,000 crore during FY27 through the issuance of debt instruments in Indian rupees or foreign currencies.
SBI’s board clears record Rs 60,000 cr fundraise in FY27
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
State Bank of India to raise Rs 60,000 crore via bonds to support growth
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
SBI board approves ₹60,000 crore debt fundraising plan for FY27
State Bank of India approves plan to raise up to ₹60,000 crore via debt instruments in FY27, targeting domestic and overseas investors pending approvals.