Rupee falls 17 paise to 75.95 against US dollar in early trade
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The rupee declined by 17 paise to 75.95 against the US dollar in opening trade on Tuesday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit
Cabinet committee on privatisation yet to take decision on two banks: FM
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Finance Minister Nirmala Sitharaman on Monday said the cabinet committee on privatisation is yet to take a decision with regard to divesting two public sector banks.
Banks lost Rs 2.85 trn due to loan default of 13 firms, alleges UBFU
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: Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday.
In press releas
Equitas SFB, Cholamandalam MS for women-centric health insurance policy
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Equitas Small Finance Bank (SFB) on Monday said it has tied up with Cholamandalam MS General Insurance to launch a women-centric health insurance policy Chola Sarva Shakti.
Rupee gains 15 paise to 75.63 against US dollar in early trade
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The rupee appreciated 15 paise to 75.63 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities.
However, surging crude prices in the international market and unabated foreign capital outflows capped the appreciation
What does a scheduled bank status mean for Paytm Payments Bank?
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After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status
India's forex reserves decline $1.783 billion to $635.905 billion
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India's foreign exchange reserves declined for the second consecutive week, ending USD 1.783 billion down at USD 635.905 billion for the week ended December 3, RBI data showed on Friday.
RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore
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The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems
Rupee drops by 18 paise to 75.78 against dollar on forex outflows
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The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation.
At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the da
Rupee declines by 8 paise to trade at 16-month low level of 75.68
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The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.
Inflation vs growth: Shaktikanta Das encounters old challenges in new term
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Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies.
RBI policy has steps for more inclusive, affordable banking: PNB MD
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The measures announced in RBI's bi-monthly monetary policy are steps towards a more conducive, affordable and inclusive banking, Punjab National Bank MD and CEO said
Need to ensure safety of CBDCs before introduction: RBI Governor
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The main concern comes from the angle of cyber security and possibility of digital frauds, which merits more care before it is introduced, said RBI governor Shaktikanta Das
Rupee recovered from lows to end nearly flat against US dollar
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The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged
