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RBI Forex Swap Worth $10 Bn Oversubscribed, Re Closes StrongerBusiness
RBI Forex Swap Worth $10 Bn Oversubscribed, Re Closes Stronger

The RBI set the swap’s cutoff premium at Rs 5.86, lower than the Rs 6.55 set for a similar-sized and duration auction...

24 March 2025 6:00 PM

LIC to acquire ‘substantial’ stake in pure health insurer, announcement likely by March 31Business
LIC to acquire ‘substantial’ stake in pure health insurer,...

Public sector behemoth Life Insurance Corporation of India (LIC) is in the final stage of discussions to acquire a...

18 March 2025 4:54 PM

RBI Governor asks lenders to improve customer grievance redressalBusiness
RBI Governor asks lenders to improve customer grievance redressal

The Reserve Bank of India (RBI) governor Sanjay Malhotra on Monday exhorted banks to provide services efficiently to...

17 March 2025 7:18 PM

Banks Write Off Rs.16.35 Lakh Crore in Bad Loans in Last 10 YearsNews
Banks Write Off Rs.16.35 Lakh Crore in Bad Loans in Last 10 Years

The highest amount of Rs 2.36 lakh crore was written off during financial year 2018-19 while Rs 58,786 crore were...

17 March 2025 6:10 PM

Ebbing inflation cements April rate cutBusiness
Ebbing inflation cements April rate cut

India’s February 2025 CPI inflation dipped below the RBI’s 4 per cent target to a seven-month low of 3.6 per cent in...

16 March 2025 6:00 PM

RBI forex reserves surge by $ 15.26 bn, cross $ 653.97 markBusiness
RBI forex reserves surge by $ 15.26 bn, cross $ 653.97 mark

dia’s forex reserves increased to $ 653.97 billion in the week ending March 7, up by $15.26 billion according to the...

14 March 2025 6:15 PM

RBI Gov asks lenders to create a pool of bankable green projectsBusiness
RBI Gov asks lenders to create a pool of bankable green projects

he Reserve Bank of India (RBI) plans to set up a edicated 'on Tap' cohort on climate change risks and sustainable...

13 March 2025 5:14 PM

Valueattics Re gets reinsurance licenseNews
Valueattics Re gets reinsurance license

Valueattics Re, backed by GoDigit promoters, secures IRDAI approval, becoming India's first private reinsurer,...

13 March 2025 3:20 PM

IndusInd Bank fallout--RBI begins review of derivative position of lendersBusiness
IndusInd Bank fallout--RBI begins review of derivative position of...

The Reserve Bank of India (RBI) has begun a review of the derivative exposure of both private and state-owned banks...

12 March 2025 4:57 PM

Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.Market
IndusInd Bank Shares Crash 27% Amid Forex Discrepancy

IndusInd Bank shares plummet 27% after revealing a forex derivative discrepancy, impacting net worth by ₹1,530 crore and...

11 March 2025 3:02 PM

Govt Invites Applications for Post of IRDAI ChairmanCurrent Affairs
Govt Invites Applications for Post of IRDAI Chairman

The deadline for the submission of applications is April 6, per the notification from the Department of Financial...

10 March 2025 4:03 PM

Corporate Insurance Premiums to Rise by 20-70% from April 1Business
Corporate Insurance Premiums to Rise by 20-70% from April 1

The hike is driven by reinsurers who have faced mounting claims from catastrophic events worldwide, pushing for more...

10 March 2025 2:20 PM

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