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RBI eases parts of its forex rules for banks

mumbai, April 21 -- The Reserve Bank of India (RBI) on Monday eased parts of its foreign exchange rules for banks, allowing certain related-party hedging transactions to continue and clarifying that t... Read More


HDFC Bank, ICICI Bank likely to post steady Q4; focus on commentary

Mumbai, April 17 -- HDFC Bank and ICICI Bank will kick off the banking sector's March-quarter earnings season on Saturday, with brokerages expecting a stable performance but watching closely for manag... Read More


LIC must bridge tech gap with private peers, says DFS secretary Nagaraju

New Delhi, April 15 -- Life Insurance Corporation of India (LIC) must accelerate its digital transformation despite being an early technology adopter, department of financial services (DFS) secretary ... Read More


Banks Q4 preview: Steady quarter despite West Asia war; margins, treasury under pressure

MUMBAI, April 13 -- Indian banks are heading into the March quarter earnings season with geopolitical risks rising but little immediate damage to core performance. Despite the prolonged West Asia war... Read More


Banks scramble to meet RBI's forex deadline, expect curbs to last months

New Delhi, April 10 -- Banks rushed to settle their foreign exchange positions ahead of Friday's deadline set by the Reserve Bank of India (RBI), five treasury officials told Mint. Despite the new net... Read More


RBI shuns hawkish signal, keeps rates unchanged amid war shock

Mumbai, April 8 -- India's rate-setting panel kept the policy rate unchanged and Reserve Bank of India governor Sanjay Malhotra indicated that benchmark rates could remain low for an extended period d... Read More


RBI holds key policy rate at 5.25%

Mumbai, April 8 -- The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday kept the repo rate steady at 5.25% and maintained its stance as 'neutral'. A Mint poll of 10 economis... Read More


RBI proposes principles-based framework for bank boards, prioritizing strategy, risk oversight

Mumbai, April 8 -- India's banking regulator on Wednesday proposed rationalizing what bank boards must review, shifting their focus squarely towards strategy and risk oversight while allowing greater ... Read More


No systemic risk, says RBI on HDFC Bank chairman's sudden exit

MUMBAI, April 8 -- The Reserve Bank of India (RBI) on Wednesday sought to allay governance concerns after the sudden exit of former HDFC Bank chairman Atanu Chakraborty, saying the development does no... Read More


Rupee could fall to 100/dollar if oil stays above $110/barrel: Neelkanth Mishra

New Delhi, April 7 -- India's currency outlook is increasingly tied to the trajectory of crude oil price, Axis Bank's chief economist Neelkanth Mishra said, cautioning that the rupee could weaken to 1... Read More