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Indonesia delivers off-cycle rate hike to shore up currency amid crisis
Bank Indonesia unexpectedly raised the BI-Rate by 25 bps to 5.5 in an off-cycle move to support the rupiah after capital outflows, stocks and bonds initially rallied
Block deals: Four stocks see large trades worth over ₹2,000 crore on Tuesday; Check how they reacted
Barring Bluestone Jewellery, whose shares are trading with losses of over 5%, shares of Ajanta Pharma, Emcure Pharma, and Capital Small Finance Bank are trading with gains between 1% to 4% after their respective block deals on Tuesday.
RBI introduces US dollar-rupee forex swap facility for fresh FCNR deposits
The Reserve Bank introduced a US dollar-rupee forex swap facility for fresh FCNR (B) deposits mobilised by banks for a minimum tenor of three years and a maximum of five years to attract foreign capital. Foreign Currency Non-Resident (Bank) deposits are foreign currency term deposits maintained by non-resident Indians (NRIs). The swap facility will be available to the AD Category I banks for fresh FCNR(B) deposits mobilized in any freely convertible currency, including deposits that are renewed upon maturity, for a minimum tenor of three years and maximum tenor of five years. However, the swap facility with RBI will be available in US Dollars only, RBI stated. Under the swap arrangement, a bank can sell US Dollars in multiples of USD one million to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period, the central bank circular said.
Sensex Today Trades Higher | Nifty Above 23,200 | ICICI Bank & Bajaj Finance Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,200 | ICICI Bank & Bajaj Finance Top GainersEquitymaster
State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26
SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year.
Bond market reforms could bring billions in foreign capital to India
A series of measures announced by the RBI and the government could bring up to $50 billion of foreign capital into India, according to analysts. The package includes incentives for FCNR deposits, easier access to government bonds for foreign investors, and tax relief on government securities. Brokerages including Deutsche Bank, Macquarie and Jefferies believe the steps could support the rupee, lower borrowing costs, help bridge India's balance-of-payments gap, and strengthen its case for inclusion in more global bond indices.
Government and RBI building vital buffer against external volatility by appropriate liquidity measures to support inflow of foreign capital: FICCI
Mr Anant Goenka, President, FICCI said, FICCI welcomes the RBIs decision to keep the policy repo rate unchanged at 5.25 per cent while maintaining a neutral stance. This is a balanced and prudent decision given the heightened global uncertainty and maintaining policy stability at this juncture provides confidence to businesses and investors alike. FICCI also welcomes the proactive regulatory measures announced by the Ministry of Finance and the RBI to strengthen external sector resilience and facilitate capital inflows. The decision to review the regulatory framework for Foreign Portfolio Investments in Government Securities along with rationalisation of taxes on such investments will deepen the G-Sec market and attract greater participation of FPIs in Indian government securities.
Chola Securities' Dharmesh Kant sees BFSI earnings revival; likes IndusInd Bank, Axis Bank
Despite recent market volatility, Dharmesh Kant, Head Research at Chola Securities, believes investors should focus on bottom-up stock picking. He expects the banking and financial sector to emerge as a key earnings driver as stable interest rates support margins and treasury income. Among his preferred ideas are Aurionpro Solutions, Tata Technologies, IndusInd Bank, Axis Bank, Bank of India and Aadhar Housing Finance. He also remains positive on the long-term growth prospects of exchanges, AMCs and other capital market plays. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
ATMs in small hubs may run out of cash: Confederation of ATM Industry
ATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This leaves smaller towns without money, risking ATM shutdowns. Rising costs and fewer withdrawals add to the strain. The industry warns of a collapse if the situation continues.
7 most valued firms' mcap eroded ₹1.25 trn last week, RIL took biggest hit
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent. "Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers. The market valuation of ...
CBI Conducts Searches In Rs 661 Crore IDFC First Bank-AU Finance Bank Fraud Case
The agency alleged that the public servants received undue advantages for facilitating the transactions.
CBI conducts searches in Rs 661 crore IDFC First Bank-AU Finance Bank fraud case
CBI conducted searches at six locations in Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud. The probe involves siphoning of government funds from Haryana and Chandigarh administrations, with allegations of collusion between public servants and bank officials. Incriminating documents and digital devices were seized during the operations.