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Finance

High staff attrition a significant operational risk to banks: RBI Dy Guv

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Former Delhi minister Satyendar Jain granted bail by SC till July 11RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP...
Finance

Volume of bank notes in circulation increased by 4.4% during 2022-23: RBI

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The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with...
Finance

General govt deficit moderated to 9.4% of GDP in 2022-23, says RBI report

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The general government deficit and debt moderated to 9.4 per cent and 86.5 per cent of GDP, respectively, in 2022-23 from the peak...
Finance

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report

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Abrdn, a UK-based investment company on Wednesday said it is likely sell its 1.66 per cent stake (35.7 million shares) in HDFC Life...
Finance

Certificates of deposit issuances jumped three-fold in FY23: RBI data

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RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%RBI MPC: Here is what experts have to say...
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...
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