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Finance

Rs 500 note tightens hold as most circulated currency, show RBI data

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The share of Rs 500 bank note in circulation increased further to 77.1 per cent as of March 2023, from 73.3 per cent...
Finance

SBI Card plans to raise Rs 3,000 cr from debentures to fund business growth

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SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth. The decision to...
Finance

Volume of Rs 500 fake notes detected up 14.6% on-year in FY23, says RBI

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The number of counterfeit currency notes of Rs 500 denomination detected by the banking system, rose by 14.6 per cent to 91,110 pieces...
Finance

India’s fiscal deficit target of 5.9% for FY24 at risk, warns Nomura

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Budget 2023-24: Centre to target higher capex but lower fiscal deficitFiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: ReportCentre's...
Finance

Banking fraud cases grow to 13,530 in FY23, amount halved to Rs 30,252 cr

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The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs...
Finance

Microfinance loans grow 21.3% YoY to Rs 3.5 trn in FY23, says report

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Microfinance loans in India increased 21.3 per cent year-on-year (YoY) at Rs 3.5 trillion in Financial Year 2022-23 (FY23), backed by revised regulatory...
Finance

RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics

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Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current...
Finance

Bank of Baroda aims at 12-15% credit growth in FY23: Executive director

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State-owned Bank of Baroda (BoB) on Monday said it expects 12-15 per cent credit growth during the current financial year. During the last financial...
Finance

FDI equity inflow contracts 22% to $46 billion in FY23: Govt data

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FDI inflows decline 16% to $71 billion for first time in a decade: RBI dataRBI MPC: Here is what experts have to say...
Finance

SBI raises $750 mn via bonds on India INX under its $10 bn MTN programme

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SBI, the country's largest public sector lender, on Monday raised USD 750 million under its USD 10 billion Global Medium Note programme to...
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