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Finance

RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI

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By Subhadip Sircar and Saikat Das India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish...
Finance

Day 2 of Rs 2,000 note exchange has banks running out of cash for exchange

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Following the Reserve Bank of India’s (RBI) announcement on May 19, the Rs 2,000 currency notes are being withdrawn from circulation. As per...
Finance

War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das

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Although inflation has moderated of late, India's fight against it is not over yet, and there is no room for complacency, Shaktikanta Das,...
Finance

Forex reserves at comfortable position to meet requirements: Piyush Goyal

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India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any...
Finance

India was close to printing Rs 10,000 notes in 2016: All you need to know

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India has already had Rs 10,000 notes as its highest denomination in the past Source link
Finance

Cash share in POS transaction value to fall 50% to $6 trn globally by 2026

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Riding on digital payments, the point-of-sale (POS) transaction value share conducted in cash is expected to fall from $11.6 trillion in 2021 to...
Finance

Single moms struggle with finances, experts advise brushing up on planning

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For Seema Kwatra, a 42-year-old schoolteacher in Delhi, planning her finances as a single mother has been anything but easy. She feels often...
Finance

HNIs embracing passive funds on under-performance of active funds

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High networth individuals (HNIs) are increasingly lapping up passive funds, with their exchange-traded fund asset base registering a 66 per cent growth to...
Finance

Withdrawal of Rs 2,000 to have favourable impact on deposits, says SBI

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An SBI study on Tuesday said the withdrawal of Rs 2000 currency note is likely to be a non-event but it will have...
Finance

Long queues in banks across Delhi as Rs 2,000 notes exchange begins

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As the process for exchange of Rs 2,000 currency notes began on Tuesday, long queues were observed at various bank branches in Delhi...
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