Daily Headlinez Top News Updates
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
MUMBAI: Deposit outflows during the first half of Dec, which was largely attributed to tax payments, widened the gap between credit offtake and deposit accretion at scheduled banks, highlighting a growing structural imbalance in the system. According to RBI data, on a year-on-year basis, deposit growth continued to lag credit expansion during the fortnight ended…
MUMBAI: Loans against gold jewellery have become the unlikely star of retail credit with outstanding balances in this category surging 128.5% year-on-year to Rs 3.38 lakh crore in Oct 2025 and 63.6% since March 2025. Gold loans now account for nearly a fourth of the addition to the bank’s personal loan book in the last…
MUMBAI: India’s foreign exchange reserves rose in the week ended Oct 17, driven by an increase in the value of gold holdings. There was a decline in foreign currency assets, the RBI said. Total reserves increased by $4.5 billion to $702.3 billion. In the previous week, they had risen by $2.2 billion to $698 billion….
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
NEW DELHI: Foreign direct investment (FDI) into India plunged by over 68% to $1.1 billion in Aug as gross investments fell 30%, while repatriations out of India held firm.As a result, on a net basis, there was FDI outflow of $616 million in Sept, compared with inflows of $1 billion a year ago, latest data…
MUMBAI: After briefly catching up with credit growth, bank deposit growth has again begun to lag advances. Early business updates from banks for the September quarter show a mixed trend, with some lenders-such as HDFC Bank-deliberately slowing credit expansion to maintain balance sheet stability. According to RBI data, deposits of scheduled commercial banks grew 10.4%…
Bank credit to industry grew at a slower pace of 6.5% in August 2025, compared to 9.7% in the same month last year, according to Reserve Bank of India (RBI) data on sectoral deployment of credit released on Tuesday.The data, compiled from 41 scheduled commercial banks (SCBs) that account for nearly 95% of total non-food…
