Indian central bank's record forward dollar position undermines FX reserves comfort
The Reserve Bank of India's record short U.S. dollar forward position, built over months to support the rupee amid equity ...
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Unveiling the New India Cooperative Bank Scandal
The Mumbai Police are investigating a Rs 122-crore embezzlement at New India Cooperative Bank, involving former top ...
Indian central bank’s record forward dollar position un
The Reserve Bank of India's record short U.S. dollar forward position, built over months to support the rupee amid equity outflows and U.S. trade policy worries, is diminishing the comfort offered by ...
India's financial crime fighting agency says Paytm violated foreign exchange rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary ...
₹122 Crore New India Co-op Bank Scam: EOW Seeks RBI Audit Details, Issues Lookout Circulars Against Four
Mumbai: In a significant development in the ₹122 crore scam at New India Cooperative Bank, the Economic Offences Wing (EOW) ...
Long-term hedging, rupee liquidity needs to drive demand for India central bank's FX swap
The Reserve Bank of India's three-year dollar-rupee swap is expected to attract significant interest from companies seeking ...
Bank of India to pare stake in STCI Finance to meet RBI's proposed norms
A senior BoI executive told Business Standard that RBI's draft norms propose that banks engaged in the same activity as NBFCs ...
Rupee dips to near key support level at which central bank intervened
The Indian rupee declined on Friday to a level that bankers said was a key support, pressed by the risk-off mood and the ...
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New India Bank Ex-Directors Claim Unaware of Rs 122 Crore Embezzlement
Former directors of New India Cooperative Bank claim ignorance about the Rs 122 crore embezzlement, while the EOW ...
Standing Advisory Committee to Review Flow of Credit to MSMEs held by Reserve Bank of India
The 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to Micro, Small and Medium Enterprises (MSME) sector was held in Ahmedabad today, under the chairmanship of ...
New India Cooperative Bank fraud: Directors told EOW that ex-chairman and GM did it all
According to EOW officials, bank directors Frederick D'sa, Kurush Paghdiwalla, Milan Kothary, Shiv Kathuria, Viren Barot and Vinit Upadhyay, have all joined inquiry ...