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RBI continues to focus on further developing and deepening financial markets by boosting the role of INR as a cross-border medium of exchange
As per RBI annual report, during 2025-26, the Reserve Bank continued to focus on further developing and deepening financial markets through several initiatives, including rationalising external sector regulations for increased ease of doing business and encouraging the adoption of INR for cross border transactions. Going forward, the liquidity operations would continue to be in sync with the stance of monetary policy, while the foreign exchange operations would be principle-based, guided by the objective of ensuring orderly movements in the exchange rate of the INR. On cross border payments, the Reserve Bank signed memorandum of understanding (MoU) on digital asset collaboration with the Monetary Authority of Singapore (MAS). Bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) were held for operationalising a cross-border CBDC pilot. The Reserve Bank also joined multilateral BIS-Innovation Hub-led initiatives, viz., Project Rialto, and Phase 2 of Project Mandala, ..
Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growth
Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Why foreign investors are exiting Nifty giants to hunt in India's small and midcap market
Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India.
EisnerAmper India elevates Karthick Venkatakrishnan as managing director
EisnerAmper India has appointed Karthick Venkatakrishnan as managing director to spearhead growth and sales strategy across India and the APAC region. In his new role, Venkatakrishnan will focus on expanding the firm's brand presence in advisory, tax, and fund administration services, identifying new opportunities and showcasing its unique capabilities to clients throughout the area.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Indraprastha Gas Shares In Focus As Systematix Revises Target Price After Q4 Results — Check Upside
The brokerage believes strong new CNG vehicle addition run-rate along with series of price hike may lead to a strong 24%/25% Ebitda/PAT compound annual growth rate over FY26-FY28E.
‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan
JSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market share. The company's confidence stems from structural improvements in its EBITDA floor and efficient brownfield expansion, ensuring robust internal cash generation to fund growth.
IT Stocks Extend Decline For Fourth Straight Session Amid AI, Growth Concerns; Persistent Systems, Coforge Lead Losses
The continued declines in the tech shares has pushed the Nifty IT Index more than 40% below its all-time high reached in December 2024.
State banks record all-time high net profit of Rs 1.98 lakh crore in FY26: FinMin
Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion.
Bank of Baroda aims 10 per cent corporate growth in FY27, Rs 50,000 cr loans in pipeline
Bank of Baroda plans a 10 percent expansion of its corporate lending by FY27. A Rs 50,000 crore pipeline is in place, with significant demand for investment loans. The bank will focus on external benchmark lending rates to improve margins. Deposit costs remain a challenge, but overall funding is sufficient. Asset quality is strong, particularly in the MSME sector.
Millenia WB Yield Fund commits Rs 41 crore for villa project in Hyderabad
WhiteBoard Advisory and Management, along with Casagrand, have secured SEBI approval for a Rs 500 crore fund. This capital will fuel growth for residential projects, with initial focus on Chennai, Bangalore, and Hyderabad. The fund aims to deliver yield-based returns to investors. Casagrand, a leading developer, is also pursuing an IPO.