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India making a mistake believing 'hype' about growth, says Raghuram Rajan: Rajan said it was "nonsense" to talk of that goal "if so many of your kids don't have ...
business-standard.com/economy/news/india-making-mistake-believing-hype-about-growth-says-raghuram-rajan-124032600389_1.html
Field Notes: The Rs 330-Debit That Revealed A Sprawling, Illegal Government-Run Fraud
article-14.stck.me/post/215619/Field-Notes-The-Rs-330-Debit-That-Revealed-A-Sprawling-Illegal-Government-Run-Fraud
🚨 New #ProjectElectoralBond report!
Kotak group firm donated Rs 60 crore to BJP before crucial RBI decisions favoured Kotak Mahindra Bank ...
newslaundry.com/2024/03/28/kotak-firms-rs-60-crore-donation-to-bjp-coincided-with-crucial-rbi-decisions-on-kotak-mahindra-bank
Quick Glance: Kotak firm’s Rs 60 crore donation to BJP linked to RBI decisions
- Uday Kotak, a rare banker, whose firm is listed as an electoral bond donor.
- Long-standing dispute between Kotak Mahindra Bank and Reserve Bank of India over shareholding.
- Kotak group firm donates Rs 60 crore to BJP before crucial RBI guidelines.
- Uday Kotak's tenure at Kotak Mahindra Bank extended despite RBI regulations.
India's current account deficit narrows to $10.5 bn in Oct-Dec: RBI: India's current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in ...
business-standard.com/economy/news/india-s-current-account-deficit-narrows-to-10-5-bn-in-oct-dec-rbi-124032600749_1.html
RBI likely sold US dollars after rupee slips to fresh record low: Traders: The rupee fell to a record low of 83.45 in the closing minutes of the session ...
business-standard.com/finance/news/rbi-likely-sold-us-dollars-after-rupee-slips-to-fresh-record-low-traders-124032700641_1.html
S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%: Agency's projection is lower than the Reserve Bank of India's and the government's growth ...
business-standard.com/economy/news/s-p-global-raises-india-s-fy25-gdp-growth-forecast-by-40-bps-to-6-8-124032600229_1.html
Meet the man who fought an #ElectoralBondsCase for 6 years, Commodore Lokesh Batra, (retd) and his journey from being a Navy officer to a transparency campaigner ... Show more
Meet the man who fought an #ElectoralBondsCase for 6 years, Commodore Lokesh Batra, (retd) and his journey from being a Navy officer to a transparency ...
newslaundry.com/2024/03/14/keep-me-out-of-politics-meet-the-man-who-anchored-the-electoral-bonds-fight
Sri Lanka's economy records 4.5% growth in fourth quarter of 2023: After six successive quarters of negative growth, Sri Lanka's bankrupt economy is estimated to ...
business-standard.com/world-news/sri-lanka-s-economy-records-4-5-growth-in-fourth-quarter-of-2023-124032600424_1.html
India central bank keen to further build up record high FX reserves, say sources: India's central bank will keep building its forex reserves as it seeks to build ...
reuters.com/world/india/india-cenbank-keen-further-build-up-record-high-fx-reserves-say-sources-2024-03-27/
Quick Glance: India's Central Bank Focuses on Expanding Record FX Reserves
- India's central bank aims to continue building its forex reserves to create larger buffers. Strong inflows into the Indian equity and debt markets provide an opportunity for this, according to sources familiar with the bank's thinking.
- According to analysts, the absorption of dollar inflows by the Reserve Bank of India will indirectly prevent a sharp appreciation of the rupee, despite high economic growth and a positive balance of payments.
- The pace of reserve building has increased in recent months with significant dollar inflows into the equity and debt markets.
- Barclays Investment Bank forecasts that India's FX reserves are expected to exceed $700 billion by the end of 2025 to keep up with the economy's growth.
RBI fines Mandi cooperative bank in Rs 6 lakh for not complying with rules: The Mandi Urban Co-operative Bank faced the RBI penalty based on the select ...
business-standard.com/industry/banking/rbi-fines-mandi-cooperative-bank-in-rs-6-lakh-for-not-complying-with-rules-124032700857_1.html
Believing hype around India’s economic growth would be a serious mistake, says Raghuram Rajan
scroll.in/latest/1065845/believing-hype-around-indias-economic-growth-would-be-a-serious-mistake-says-raghuram-rajan
The RBI way of firefighting: Often, it's a long investigation process, but the regulator doesn't discuss this openly since that can threaten financial sector ...
business-standard.com/opinion/columns/the-rbi-way-of-firefighting-124032400409_1.html
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Tata's forced IPO will only bring problems: One of India's biggest family businesses is in an pickle. Tata Group, the sprawling cars-to-tech conglomerate ...
reuters.com/breakingviews/tatas-forced-ipo-will-only-bring-problems-2024-03-28/
Rupee likely to inch up at open but slight downward bias lingers: The Indian rupee is likely to open marginally higher on Thursday after the currency slipped to ...
reuters.com/markets/currencies/rupee-likely-inch-up-open-slight-downward-bias-lingers-2024-03-28/
Paytm UPI: Transactions decline to continue till new customers added: The Reserve Bank of India had mandated Paytm to shift existing users to a new handle after ...
business-standard.com/companies/news/paytm-upi-transactions-decline-to-continue-till-new-customers-added-124032100790_1.html
India's central bank likely to hold rates steady until at least July- Reuters poll
reuters.com/world/india/indias-central-bank-likely-hold-rates-steady-until-least-july-2024-03-26/
Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA: That's because of the recent rise in risk weights by the Reserve Bank of India for NBFC ...
business-standard.com/finance/news/bank-direct-lending-to-nbfcs-to-moderate-to-rs-1-7-1-9-trn-in-fy25-icra-124032500364_1.html
RBI directs all bank branches dealing in govt biz to remain open on Mar 31: The Reserve Bank of India (RBI) on Wednesday advised banks to keep its branches ...
business-standard.com/industry/banking/rbi-directs-all-bank-branches-dealing-in-govt-biz-to-remain-open-on-mar-31-124032000912_1.html
RBI declines request to classify HDFC Ltd bonds as infrastructure bonds: HDFC Bonds: HDFC bank had sought the RBI's approval to classify bonds with maturities ...
business-standard.com/finance/news/rbi-declines-request-to-classify-hdfc-ltd-bonds-as-infrastructure-bonds-124032100206_1.html
Banks closed for 14 days in April; Check the state-wise list of holidays: On the account of public holidays, regional holidays, and regular closures on second ...
business-standard.com/industry/banking/banks-closed-for-14-days-in-april-check-the-state-wise-list-of-holidays-124032800175_1.html
Uday Kotak had publicly questioned the electoral bonds scheme in 2019. Years later, his group donated money through the same scheme
reporters-collective.in/trc/uday-kotak-questioned-electoral-bonds-later-his-group-donated-through-scheme
Quick Glance: Uday Kotak's Questionable Donations: An Analysis
- Uday Kotak had publicly questioned the electoral bonds scheme in 2019. Years later, his group donated money through the same scheme.
- Following Kotak's scrutiny of the electoral bonds scheme, the Reporter's Collective uncovered that a Kotak group company made donations using the same system.
- Infina Finance Private Limited, a lesser-known company within the Kotak group, purchased electoral bonds worth Rs 60 crore and donated to political parties.
- Despite facing a loss in the financial year 2019-2020, the company legally donated Rs 35 crore to political parties. In the financial year 2021-2022, the company donated another Rs 25 crore after earning a profit of Rs 347.25 crore.
Rupee slumps to over 2 month low against Dollar, weakened 1.2% in FY24: Market participants speculated that the Reserve Bank of India has been intervening in the ...
business-standard.com/economy/news/rupee-slumps-to-over-2-month-low-against-dollar-weakened-1-2-in-fy24-124032000872_1.html
Amid record forex reserves, rupee hits new closing low of Rs 83.43: RBI intervention not seen; Delivery of $/Re swap boosts reserves
business-standard.com/economy/news/amid-record-forex-reserves-rupee-hits-new-closing-low-of-rs-83-43-124032201027_1.html
RBI's special audit to probe regulatory breaches of IIFL Finance, JMFPL: Banking regulator seeks interest from Sebi-empanelled audit firms to conduct the audit
business-standard.com/companies/news/rbi-to-start-special-audit-of-iifl-finance-jm-financial-from-apr-12-124032300639_1.html
Meet the man who fought an #ElectoralBondsCase for 6 years, Commodore Lokesh Batra, (retd) and his journey from being a Navy officer to a transparency campaigner ... Show more
Meet the man who fought an #ElectoralBondsCase for 6 years, Commodore Lokesh Batra, (retd) and his journey from being a Navy officer to a transparency ...
newslaundry.com/2024/03/14/keep-me-out-of-politics-meet-the-man-who-anchored-the-electoral-bonds-fight
Startup Mahakumbh: Fintechs must abide by regulations, say investors: The advice comes at a time when the Reserve Bank of India has cracked its whip to get ...
business-standard.com/companies/start-ups/fintech-startups-must-adhere-to-regulations-regulator-not-the-enemy-124031901056_1.html
India's HDFC Bank closes $1.15 bln stake sale in HDFC Credila: India's HDFC Bank said on Wednesday it has completed the sale of its stake in education finance ...
reuters.com/markets/deals/indias-hdfc-bank-closes-115-bln-stake-sale-hdfc-credila-2024-03-20/
RBI issues requirements for SRO recognition, sets minimum benchmark: The Reserve Bank on Thursday issued an omnibus framework for recognising Self-Regulatory ...
business-standard.com/industry/news/rbi-issues-requirements-for-sro-recognition-sets-minimum-benchmark-124032100696_1.html
Inflation still high and focus on minimising risk, says RBI report: Indicates 'significant per capita income shifts' underway
business-standard.com/economy/news/inflation-motion-turned-positive-policy-needs-to-remain-on-minimising-risk-124031900914_1.html
Bank Muscat Honoured with Prestigious Long-Standing Partnership Award from HDFC Bank
timesofoman.com/a/143768
India unlikely to match China's past 8-10% growth: Morgan Stanley: Even so, Morgan Stanley remains upbeat about India's prospects, and said in a recent report ...
business-standard.com/economy/news/india-unlikely-to-match-china-s-past-8-10-growth-morgan-stanley-124031800469_1.html
Trader Joe’s just increased the price of a banana for the first time in more than 20 years
cnn.com/2024/03/25/business/trader-joes-banana-price-increase/
Paytm Payments Bank plans to cut about 20% of staff as business halt looms: Paytm Payments Bank has decided to lay-off staff in certain divisions ...
business-standard.com/world-news/paytm-pb-may-cut-20-of-staff-co-says-it-s-routine-employee-assessment-124031400674_1.html
Reit industry pitch for direct bank lending, classification as equity: Indian Real Estate Investment Trust (REIT) industry on Wednesday pitched for the entities ...
business-standard.com/markets/news/reit-industry-pitch-for-direct-bank-lending-classification-as-equity-124032000684_1.html
Rupee falls to record low against US dollar
deccanherald.com/business/markets/rupee-falls-to-record-low-against-the-us-dollar-2948556
All that glitters is not gold for Reserve Bank & FinMin: Rightly so. Since November 1962, there have been many attempts to monetise gold. It's finally happening ...
business-standard.com/finance/columns/all-that-glitters-is-not-gold-for-reserve-bank-finmin-124031700420_1.html
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Rupee supported by inflows, undermined by weak Asian currencies: The Indian rupee was trading little changed on Monday, helped by persistent inflows and pegged ...
reuters.com/markets/currencies/rupee-supported-by-inflows-undermined-by-weak-asian-currencies-2024-03-18/
Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit: Strengthens top management with ex HDFC, Citi, Axis bankers
business-standard.com/finance/news/bandhan-bank-to-launch-credit-card-in-apr-may-piush-jha-to-head-the-unit-124031700347_1.html
Why RBI is wary of co-branded credit cards | Mint: RBI wants to check the unbridled growth in credit cards and prevent the backdoor entry of firms into the ...
livemint.com/industry/why-rbi-is-wary-of-co-branded-credit-cards-11711640898320.html
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RBI steps up scrutiny of retail lending, targets top-up home loans: The scrutiny marks a change for the central bank, which recently said India's credit ...
business-standard.com/finance/news/rbi-stepping-up-fight-against-exuberance-in-retail-lending-report-124031500891_1.html
Kerala financially distressed due to poor governance over the years by UDF, LDF, alleges Sitharaman
deccanherald.com/india/kerala/kerala-financially-distressed-due-to-poor-governance-over-the-years-by-udf-ldf-alleges-sitharaman-2956480
Frozen Bank Account: Key causes and its impact on account holders explained: India's main opposition party, the Congress, cannot access its money ...
business-standard.com/finance/personal-finance/frozen-bank-account-key-causes-and-its-impact-on-account-holders-explained-124032200599_1.html
Lenders Rally After India’s Central Bank Eases Investment Curbs: Indian banks and shadow lenders rose Thursday after the country’s central bank eased capital ...
bloomberg.com/news/articles/2024-03-28/lenders-rally-after-india-s-central-bank-eases-investment-curbs
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Gold prices have been hitting record highs — here's why the rally is far from over
cnbc.com/2024/03/21/gold-prices-have-hit-record-highs-heres-why-they-could-rally-further.html
The myth of a powerful finance ministry: How being an FM is not easy, despite leading the most powerful ministry
financialexpress.com/lifestyle/the-myth-of-a-powerful-finance-ministry/3435112/
WION Business Wrap | India’s direct tax collection rise, Airbus CEO's concern over Boeing and more
wionews.com/business-economy/wion-business-wrap-indias-direct-tax-collection-rise-airbus-ceos-concern-over-boeing-and-more-702213
Poonawalla Fincorp announces appointment of Arvind Kapil as MD & CEO: The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role
business-standard.com/finance/news/poonawalla-fincorp-announces-appointment-of-arvind-kapil-as-md-ceo-124031900170_1.html
UAE: Indian rupee turns flat against dirham in early trade - News | Khaleej Times
khaleejtimes.com/business/currency-exchange/uae-indian-rupee-turns-flat-against-dirham-in-early-trade
68% spike in complaints against banks, mobile banking biggest concern: Chandigarh, Delhi, Haryana, Rajasthan, and Gujarat emerged as the top contributors to ...
business-standard.com/finance/personal-finance/68-spike-in-complaints-against-banks-mobile-banking-biggest-concern-124031400101_1.html
From Bitcoin's resurgence to KFC's dream run, here are our top stories of the week
forbesindia.com/article/news/from-bitcoins-resurgence-to-kfcs-dream-run-here-are-our-top-stories-of-the-week/92199/1
India allows RBI to import gold without paying import levies: India has allowed its central bank to import gold without paying import levies ...
reuters.com/markets/commodities/india-allows-rbi-import-gold-without-paying-import-levies-2024-03-13/
Banks like Bank of India, HDFC offer lowest home loan interest rates: Take a look at the interest rates offered by leading banks and the projected monthly ...
business-standard.com/finance/personal-finance/sbi-hdfc-and-more-banks-offering-lowest-rate-of-interest-on-home-loan-124031800308_1.html
Spring training roundup: Yankees clip Jays in game of rallies: J.C. Escarra blasted a go-ahead two-run homer in the bottom of the eighth to lift the host New ...
reuters.com/sports/spring-training-roundup-yankees-clip-jays-game-rallies-2024-03-17/
Quick Glance: Spring Games Highlights: Holliday Impresses, Orioles Triumph
- In an impressive display, Jackson Holliday, considered a top talent for the Baltimore Orioles, secured the victory against the host Toronto Blue Jays with a solo home run and a 2-for-3 performance resulting in a 13-8 win. Holliday, shining this spring with .326, two home runs, and six RBIs, is expected to join the big-league club this season at the age of 20.
- Tyler Nevin and Heston Kjerstad also contributed to the Orioles' success. The performance of Alex Pham, and Toronto's offense led by George Springer and Daulton Varsho, were highlighted. In another game, Triston Casas led Boston to victory over Tampa Bay with Chris Bassitt's performance and Josh Winckowski's crucial role in securing the win.
- The meeting also covered matches between St. Louis and Miami, Philadelphia and Detroit, Miami and Houston, New York and St. Louis, Oakland and Texas, Milwaukee and Cleveland, Los Angeles and Cincinnati, Cleveland and Colorado, and Seattle and Colorado. The games showcased notable performances and spectacular moments from various teams and players.
CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%: Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024
business-standard.com/economy/news/cpi-based-inflation-eases-to-5-09-inn-feb-jan-iip-growth-at-3-98-124031200753_1.html
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
India Suffering a Quiet Decline in Foreign Direct Investment: Since 2016, net FDI inflows have fallen from about 1.7 percent of GDP to a little over 0.5 percent ...
thediplomat.com/2024/03/india-suffering-a-quiet-decline-in-foreign-direct-investment/
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Bank credit grows 21% in February: Outstanding loans to agricultural and allied activities rose 20.1% YoY to Rs 20.4 trillion, compared with a 15% growth in ...
financialexpress.com/business/banking-finance-bank-credit-grows-21-in-february-3439874/
Fitch raises GDP growth estimates for FY24, FY25, tempers view on rate cuts: The RBI has kept the repo rate unchanged at 6.50% for the last six consecutive ...
business-standard.com/economy/news/fitch-raises-gdp-growth-estimates-for-fy24-fy25-tempers-view-on-rate-cuts-124031400333_1.html
India cenbank tells two lenders to stop adding customers to co-branded credit cards
reuters.com/business/finance/india-cenbank-tells-two-lenders-stop-adding-customers-co-branded-credit-cards-2024-03-13/
Rupee under pressure on anticipated outflow, possible Fed rate cut delay: The Indian rupee is likely to struggle on Wednesday after sticky U.S ...
reuters.com/world/india/rupee-under-pressure-anticipated-outflow-possible-fed-rate-cut-delay-2024-03-13/
India’s Inflation Stays Above Target, Keeping RBI on Guard: India’s inflation was little changed in February, staying above the central bank’s target and giving ...
bloomberg.com/news/articles/2024-03-12/india-s-inflation-climbed-faster-than-expected-in-february
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Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon: Stocks to Watch on Friday, March 15, 2024: The Centre has reduced prices of petrol ...
business-standard.com/markets/news/stocks-to-watch-today-march-15-bpcl-ioc-iifl-finance-paytm-yes-bank-biocon-124031500096_1.html
Does Julio Rodriguez have to make an MVP leap for the Mariners to go the distance?
seattletimes.com/sports/mariners/does-julio-rodriguez-have-to-make-an-mvp-leap-for-the-mariners-to-go-the-distance/
What are the key levels to watch for as rupee hits fresh all time lows: Market are pricing in that the RBI too is likely to act soon on rate cuts but the timing ...
financialexpress.com/market/cafeinvest-rupee-fell-to-fresh-all-time-lows-3437699/
Banks to get upper hand in gold loan market: RBI's scrutiny on NBFCs
financialexpress.com/business/banking-finance-banks-to-get-upper-hand-in-gold-loan-market-3435643/
Bank of India cuts home loan rates by 15 bps to 8.3 per cent till Mar 31: At 8.3 per cent, a 30-year tenor home loan will have a starting EMI of Rs 755 per month ...
financialexpress.com/business/banking-finance-bank-of-india-cuts-home-loan-rates-by-15-bps-to-8-3-per-cent-till-mar-31-3430703/
RBI foresees 8 pc growth amid global slowdown, signals shifts in consumer demand
wionews.com/business-economy/rbi-foresees-8-pc-growth-amid-global-slowdown-signals-shifts-in-consumer-demand-702115
Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC: Stocks to Watch on Thursday, March 14: Gopal Snacks' shares will debut on the stock ...
business-standard.com/markets/news/stocks-to-watch-march-14-ril-gopal-snacks-tamo-federal-bank-hal-kec-124031400065_1.html
Express View on employment data: Jobs, still: New report frames the enormity of the employment challenge that will confront the next government
indianexpress.com/article/opinion/editorials/express-view-on-employment-data-jobs-still-9236933/
Microfinance provider Sindhuja Microcredit raises $14.5 million from GAWA Capital, Oikocredit
financialexpress.com/business/sme/microfinance-provider-sindhuja-microcredit-raises-14-5-million-from-gawa-capital-oikocredit/3439271/
Not a long weekend for banks: Banks will remain open on March 30, 31, says RBI; Here are services that will be available
financialexpress.com/business/banking-finance-not-a-long-weekend-for-banks-banks-will-remain-open-on-march-30-31-says-rbi-here-are-services-that-will-be-available-3439735/
Bank holiday on March 25: Are all banks closed for Holi today? Details here: Bank Holiday Today: There are a total of 14 days of bank holidays in March 2024 ...
hindustantimes.com/business/bank-holiday-on-march-25-are-all-banks-closed-for-holi-today-details-here-101711334580158.html
What should you do if a credit card is issued without your consent?: Unsolicited Credit Card is a credit card issued without a specific written/digital request ...
business-standard.com/finance/personal-finance/what-should-you-do-if-a-credit-card-is-issued-without-your-consent-124031200436_1.html
External stability: New challenges can emerge in currency management
business-standard.com/opinion/editorial/external-stability-124031301049_1.html
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FASTag Without KYC Will Be Deactivated From THIS Date, Follow These Steps To Activate KYC
india.com/business/fastag-without-kyc-will-be-deactivated-from-this-date-follow-these-steps-to-activate-kyc-6810500/
Top 5 news of the day: From stock market crash to SC's notice to Centre on CAA -- Here's what grabbed headlines today | Mint
livemint.com/news/india/top-5-news-of-the-day-from-stock-market-crash-to-scs-notice-to-centre-on-caa-heres-what-grabbed-headlines-today-11710847971132.html
Union Bank CDO quits within just 18 months: Prior to joining Union Bank, Khare was the head of digital transformation in HDFC Bank, chief innovation officer in ...
financialexpress.com/business/banking-finance-union-bank-cdo-quits-within-just-18-months-3435274/
Russia’s Backdoor to the Global Banking System Is Slamming Shut: A major lender in Dubai has scaled back Russia-related business, while Turkish lenders have ...
wsj.com/finance/banking/russias-backdoor-to-the-global-banking-system-is-slamming-shut-49bf5c53
UPSC Essentials | Daily subject-wise quiz | Economy MCQs on RBI, Bond Yield, Landlord Port and more (Week 51)
indianexpress.com/article/upsc-current-affairs/upsc-essentials/upsc-essentials-daily-subject-wise-quiz-economy-mcqs-on-rbi-bond-yield-landlord-port-and-more-week-51-9238017/
Indian Democracy’s Moment of Truth | by Shashi Tharoor - Project Syndicate: Shashi Tharoor warns that the ruling BJP will do everything it can to curtail dissent ...
project-syndicate.org/commentary/india-bjp-clear-record-of-democratic-erosion-heading-into-2024-general-election-by-shashi-tharoor-2024-03
Credit on UPI stuck due to fee structure, low adoption: While National Payments Corporation of India (NPCI) has not officially disclosed volumes for credit on ...
financialexpress.com/business/banking-finance-credit-on-upi-stuck-due-to-fee-structure-low-adoption-3429284/
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