Mumbai: A renewed wave of optimism lifted domestic lenders to record levels as better-than-expected March quarter results at top banks buttressed their investment case, already in focus of late on account of the preference for sectors benefiting from local prospects amid lingering uncertainty over trade tariffs. Expectations of more interest rate cuts, with the Reserve … Read more
Debt-oriented mutual funds experienced unprecedented net outflows of Rs 2,02,663 crore in March 2025, marking a significant increase from Rs 6,526 crore in February. According to data from the Association of Mutual Funds in India (AMFI), this sharp rise was primarily driven by corporates and institutional investors withdrawing funds to meet year-end tax obligations and … Read more
India consumer prices likely rose around the same rate in March as they did in February following four months of declining inflation, as a sharp rise in gold prices offset flat food prices, a Reuters poll showed. Food price rises had steadily moderated over the previous four months but likely bottomed in March as the … Read more
Sovereign Gold Bonds (SGB), one of the popular gold investment tool, were debt securities issued by the Reserve Bank of India (RBI) on behalf of the government, with each unit representing a gram of gold. These bonds can be traded in the secondary market, allowing investors to potentially gain capital. Additionally, the government utilises SGBs … Read more
The Reserve Bank of India (RBI) has taken the decision to cancel the bank holiday originally set for March 31, 2025. This move comes as the central bank aims to ensure that banks across the country remain operational during this critical period for year-end financial transactions. This directive is a response to the need for … Read more
Three Sovereign Gold Bonds are due for premature redemption in April 2025, offering investors significant returns. Calculations show potential earnings, excluding interest, as high as 199% depending on the series. In April 2025, investors holding specific Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the opportunity for premature redemption. The bonds affected include … Read more
Mumbai: IndusInd’s guarded statements. A flurry of accounting jargon. A maze of derivative deals behind the numbers. Social media chatter. Confusion. And then, the Reserve Bank of India‘s reassurance on a festive weekend. As the story plays out amid rating action and a 24% fall in the stock, the declaration of the bank’s derivative losses, … Read more
Gold loans: The Reserve Bank of India (RBI) is preparing to implement stricter underwriting standards for gold loans, urging both banks and non-bank financial institutions to enhance their background checks on borrowers. This initiative aims to ensure that financial entities adhere to standard protocols amidst a 50% rise in gold loans since September 2024, news … Read more
India’s foreign exchange reserves jumped to a two-month high to reach $640.5 billion as of February 21, with nearly $5 billion added in a week to the stockpile that had shrunk in lockstep with the retreat in Mumbai’s broadest equity gauges after having scaled their respective peaks end-September. Reserve Bank of India (RBI) data published … Read more
The Reserve Bank of India (RBI) has announced that banks in several major cities, including Mumbai, Delhi, Chennai, Bengaluru, Kolkata, and Hyderabad, will remain closed on February 26, 2025, in observance of Mahashivratri. This closure is part of the RBI’s official holiday schedule, which categorises holidays under the Negotiable Instruments Act, Real Time Gross Settlement … Read more