India’s private sector companies made more profit and reduced debt during 2023-24. The operating profit margin as well as net profit margin improved across major sectors while their debt burden…
The Reserve Bank of India, RBI has imposed a monetary penalty of thirty nine lakh rupees on Citibank for non-compliance with certain directions related to Large Exposures Framework and Furnishing…
AMN India’s foreign exchange reserves dropped by 2.54 billion dollars, reaching over 635.7 billion dollars in the week ending February 14, according to the latest data released by the Reserve…
The Reserve Bank has announced a long-term dollar-rupee swap auction for ten billion dollars on 28th February 2025. According to an official press release, the auction will be for a…
India’s foreign exchange reserves increased by over 7.65 billion dollars, reaching over 638.26 billion dollars in the week ending February 7, according to the latest data released by the Reserve…
The Reserve Bank of India (RBI) has advised all agency banks to keep all their branches dealing with government business open on March 31, 2025. RBI said that the Government…
The Government today said the Reserve bank of India is ensuring that it buys enough gold to maintain an adequate reservoir and not just a ‘basket’ of currencies. Replying to…
Over 54 crore bank accounts have been opened in the country till January this year under PM Jan Dhan Yojana. In a written reply in the Lok Sabha, Finance Minister…
The Reserve Bank of India has decided to reduce the policy repo rate to 6.25 per cent from 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will be…
In the Forex market, the rupee today depreciated by 11 paise to settle at a record low of 87 rupees and 57 paise against the US dollar as rising odds…
