Reserve Bank of India

Cash Is Back... Almost

Cash in India is almost back to levels seen before demonetisation. At least in absolute terms.<p>The currency in circulation by 12 January stood at Rs …

India

BRIEF-India Cenbank Sets 5.99 Pct Cut-Off Rate At 7-Day Variable Rate Reverse Repo Auction

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Banking (India)

Job alert! In its largest recruitment drive, SBI to hire 9,500 employees: details inside

Country's largest public lender, State bank of India will hire around 9500 employees in various department. SBI will be hiring junior assistants for …

Banking (India)

News in Numbers: Bottom 50% of world’s population see no increase in wealth, says report

According to the Oxfam report, the wealth held by Indian billionaires increased by Rs4,89,000 crore in 2017. Photo: AFP<p><b>Rs36,915 crore</b><p><b>What is it?</b> The …

Ram Nath Kovind

The Aadhaar opportunity

The Modi administration should abandon its natural tendency for heavy-handedness in tying Aadhaar to multiple services. (Picture for representational …

Aadhaar

Soiled ₹2,000, ₹500 notes haven’t yet gained currency

Even 14 months later, RBI rules for exchange have not been framed

India

Banks step up watch over ATMs in city

All major public and private sector banks in the city have strengthened surveillance over automated teller machines (ATM) in the urban area in the …

Banking

Taking stock

Soaring bond yields could end the current party in markets, the government cannot afford to ignore it

Economy

Making history come alive

“She is not interested in museums,” a friend said, of his daughter. He left me wondering. The history lover in me was not happy. I frequent museums …

Indian Railways

Top banks including SBI, Axis, ICICI suspend some a/cs of major Bitcoin exchanges in India: Report

The exchanges which are facing the action are the top ten such platforms in the country and include Zebpay, Unocoin, CoinSecure and BtcxIndia

Business (India)

No central bank official posted at Dewas Bank Note Press: RBI

Reserve Bank of India. (File Photo)<p>The RBI on Saturday said it does not have any official posted at the Bank Note Press in Dewas, where a person has …

Banking (India)

Income Tax Department sends notices to thousands of Indians trading cryptocurrency

A survey found that more than Rs 2,235 crore worth of transactions were conducted over 17 months.<p>Thousands of Indians dealing in cryptocurrency got …

Cryptocurrency

Hubris among HDFC Bank investors needs a reality check

HDFC Bank investors are used to consistent double-digit profit growth, as in the Q3 result. What they haven’t seen before is a faster increase in …

Stocks

Forex Reserves At New Record High Of $413.825 Billion

The country’s foreign exchange reserves rose by $2.7 billion to scale a new life-time high of $ 413.825 billion in the week to Jan. 12, due to …

Business (India)

Auction of 10-year Puducherry government stock on Jan. 23

The Government of Puducherry is auctioning dated securities for ₹100 crore with 10-year tenure.<p>Securities will be issued for a minimum amount of …

India

Junior National Table Tennis Championships: Gujarat dig deep against Mizoram to reach quarters

In Youth Girls, Reserve Bank of India struggled past Delhi 3-2<p>Gujarat reached the Youth Boys quarter-finals in the Junior and Youth National Table …

Tennis

HDFC Bank Q3 profit rises 20% on higher net interest income

HDFC Bank’s Q3 profit surged 20% to Rs4,642.60 crore but NPAs rose as well—57.4% to Rs8,234.88 crore at the end of December quarter from Rs5,232.27 …

Markets

V-Shaped Recovery of Indian Economy Unlikely: India Ratings

The ratings agency also said, while releasing its economic outlook for 2018-2019, that the country’s fiscal deficit could slip to 3.5% this year.<p><b>New</b> …

Economy

South Korea considers shutting down domestic cryptocurrency exchanges: Reuters

Governments around the world are trying to come up with ways to regulate virtual currencies.<p>South Korea is considering shutting down domestic virtual …

Cryptocurrency

All You Need to Know about Bitcoin in India

How the cryptocurrency craze is taking over Indian markets<p>CEO & Co-founder, Bitxoxo<p>You're reading Entrepreneur India, an international franchise of Entrepreneur Media.<p>Bitcoin price has been battling since the new year started. In past week the price has crossed $17,000 and dipped massively. The …

Bitcoin

Rs 10 coins are valid legal tender, says RBI as it appeals general public to continue to accept them - Firstpost

The Reserve Bank of India (RBI) on Wednesday denied that it has withdrawn legal tender status of Rs 10 coins thus putting to rest widespread rumours. …

Banking (India)

Rs 100 cr demonetised notes seized: Businessmen and middlemen from Hyderabad, Kolkata, Varanasi arrested for trying to convert old notes

Businessmen and middlemen from Hyderabad, Kolkata, and Varanasi arrived in Kanpur a few days ago and checked into various hotels to close a deal to …

India

Uttar Pradesh: 16 arrested after nearly Rs 97 crore demonetised notes found in Kanpur

The cash was seized from three hotels and an under-construction house.<p>The Uttar Pradesh Police and the National Investigation Agency on Wednesday …

India

UPDATE 1-Indian govt cuts extra borrowing but markets still nervous

© Reuters. UPDATE 1-Indian govt cuts extra borrowing but markets still nervous<p>* Govt to borrow extra 200 bln rupees instead of 500 bln<p>* 10-year govt …

Economy

India state government securities issued in 2017/18

India state government securities issued in 2017/18<p>Jan 17 (Reuters) - The following are the details of Indian State Government Securities Issued for …

India

Succour or slap? India’s bond market needs a bit of both

The yield on the new benchmark 10-year government bond jumped 11 basis points on Tuesday, to 7.38%

Economy

Bonds fall after RBI deputy says banks face high interest rate risk

MUMBAI (Reuters) - Bond yields spiked on Tuesday morning after a deputy governor of the Reserve Bank of India (RBI) said public sector lenders face risks of high interest rate from their large bond holdings.<p>The statement was seen by traders as hawkish and as a message asking them to bring down …

Finance

RBI may up inflation forecast for FY18, opt for prolonged pause in policy rates as risk factors weigh: DBS Bank - Firstpost

<b>Mumbai:</b> With the latest inflation prints moving up, the Reserve Bank is likely to raise its inflation forecast for March and may leave the key rates …

Economy

Haryana to set up NBFC for efficient management of funds

Chandigarh, Jan 16 (PTI) The Haryana government has decided to form a non-banking financial company (NBFC) -- Haryana State Financial Services …

India

Ease Regulations for New Bank Permits, Brookings Urges India

India should make it easier for new banks to open in the South Asian nation, according to a new report from the Brookings Institution.<p>The Reserve …

Business