Market News
Stay updated with the latest market trends, earnings, and economic indicators.
RBI, European Central Bank sign revised agreement on information exchange, central banking ties
The Reserve Bank of India and the European Central Bank have signed a Memorandum of Understanding. This agreement aims to boost cooperation in central banking. The MoU updates a previous pact from 2015. It will facilitate information exchange and policy dialogue. Both banks will collaborate on mutual interests. This strengthens their engagement on banking practices and financial sector growth.
RBI imposes penalties on YES Bank, Hinduja Housing Finance
The RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of establishing an account-based relationship with customers.
RBI imposes penalties on YES Bank, Hinduja Housing Finance
The RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of establishing an account-based relationship with customers.
India's forex kitty drops by $7.79 billion to $690.693 billion: RBI
India's forex reserves dropped by USD 7.794 billion to USD 690.693 billion during the week ended May 1, the RBI said on Friday. In the previous reporting week ended April 24, the overall reserves had declined by USD 4.82 billion to USD 698.487 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the beginning of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended May 1, foreign currency assets, a major component of the reserves, decreased by USD 2.797 billion to USD 551.825 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves decreased by USD 5.021 billion to USD 115.216 billio
Exclusive: RBI employees stage protest over new promotion policy, say sources
RBI employees staged a rare protest against a new promotion policy that makes Grade B-to-C advancement vacancy-linked, with officers warning the move could sharply slow career progression at the central bank.
Gold Rises as Buying Interest Counters Concern Over Hormuz Clash
Gold rose as signs of buying interest emerged in the wake of strong purchases by China’s central bank, even as fresh clashes in the Middle East threatened to fracture a fragile ceasefire.
Tata patriarch's resistance to IPO creates rift atop India group
Two of the six trustees at Tata Trusts are set to propose that the group’s holding company prepare for a listing in line with India’s central bank regulations.
Dividend alert! Last date to buy these 10 stocks before they go ex-record date. Do you own?
Investors have a final opportunity today to purchase shares of 10 companies before they go ex-record date for dividends tomorrow, May 8. Notable companies include Central Bank of India, Laurus Labs, NALCO, and Premier Energies, with dividend payouts varying across the listed firms.
RBI introduces specific turnover thresholds for money changers
The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore annual turnover threshold for authorized dealers. The central bank is tightening oversight by shifting responsibility to principal authorized dealers, strengthening accountability for customer protection and compliance in forex transactions.
Brazil’s central bank buys dollars in futures market for first time in decade - Investing.com India
Brazil’s central bank buys dollars in futures market for first time in decadeInvesting.com India
Gold to hit $8000 in 5 years? Why the yellow metal may be heading for a historic surge. Deutsche Bank explains
Gold prices may soar to $8000 within five years, driven by emerging market central banks accumulating gold and shifting away from the dollar. The report highlights structural changes in global reserves and geopolitical tensions as key factors in this trend.
Sebi seeks to align securitisation framework with RBI regulations
Sebi has proposed easing securitisation norms, including relaxing the 25% single borrower exposure cap, to align with RBI regulations for entities governed by central bank rules. The regulator also suggested shifting disclosure responsibilities to the servicer and modifying governance for SPDEs, aiming to facilitate single-asset deals and enhance transparency.