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RARE PHOTOS: 4 | Rare Historical Photos

RBI appoints Suman Ray as Executive Director, to head DICGC and Premises Department

Suman Ray will assume the role of Executive Director at the Reserve Bank of India. His appointment is effective from September 1, 2026, as announced by the central bank. Previously, Ray served as the Regional Director for Maharashtra and has extensive experience. He will now oversee the Department of Deposit…

The Economic Times

HDFC Bank CEO Jagdishan’s refusal to overhaul bank fueled surprise exit as chairman pushed for changes

HDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and executive replacements. Jagdishan resisted some proposals and decided not to seek reappointment. The bank now faces a swift search for a new leader. This departure adds to recent turmoil…

The Economic Times

7.8% slam dunk! 'Dead' economy proved to be quite alive and kicking

India’s GDP grew 7.8% in Q1 FY27, beating RBI’s 7% forecast and the 7.1% Reuters poll median despite an oil shock, geopolitical tensions and trade disruptions. Growth was broad-based, with consumption rising 7.1%, investment 11.9%, manufacturing 9.2% and services around 10%.

The Economic Times

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People aged above 40 account for 76 pc of individual deposits in banks: RBI data

Individuals over forty hold most bank deposits, while younger workers contribute less. Term deposits grew significantly, outpacing savings and current accounts. Large deposits of one crore and above formed a substantial portion. Bank credit growth accelerated, driven by corporate sector loans. Interest rates on loans below nine percent increased notably.

The Economic Times

HDFC Bank CEO race: Who could be in the running to succeed Sashidhar Jagdishan?

HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several internal and external candidates are being considered for the top position. The new leader will focus on restoring investor confidence and driving growth. This succession occurs as the…

The Economic Times

Despite a strong Q1 showing, risks are on the upside, thanks to geopolitics and geo-economics

India's GDP grew 7.8% in Q1, surpassing expectations and indicating economic resilience. This growth occurred despite a challenging global economic environment and external factors. Employment-intensive sectors like manufacturing and construction showed strong performance during this period. However, risks remain due to El Nino and ongoing geopolitical conflicts impacting oil prices.…

The Economic Times

Bank credit to industry rises 20 percent in July: RBI data

Bank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point one percent growth year-on-year. Large and medium industries experienced accelerated credit growth, and micro and small industries showed steady expansion. Services sector credit grew by twenty-two point nine percent,…

The Economic Times

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India's services exports rise 13.4% to USD 38.25 billion in July: RBI

India's services sector saw a remarkable expansion in July, with exports climbing 13.4% to USD 38.25 billion alongside a 19.1% rise in imports to USD 20.61 billion. This development yielded a services trade surplus nearing USD 17.65 billion. For the period from April to July, total services exports stood at…

The Economic Times

Foreign buying in Indian stocks hits 23-month high in August, RBI data shows

In August, foreign investors channeled an impressive $3.1 billion into Indian equities, marking the largest monthly inflow in nearly two years. This surge in investment was bolstered by robust domestic earnings and proactive measures from the central bank. However, despite this positive trend, annual outflows are still trending towards a…

The Economic Times

Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four months

By the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of foreign currency deposits. The Reserve Bank of India has adeptly utilized reverse repo auctions to manage the excess liquidity. This comfortable liquidity scenario is enhancing…

The Economic Times

India 10-year bond yield sees biggest monthly rise in FY27 on rising rate hike bets

On Monday, Indian government bonds faced a notable drop, reflecting market unease. The benchmark 10-year yield marked its sharpest monthly increase of the fiscal year, fueled by rising oil prices and the Reserve Bank of India's aggressive monetary policy. Additionally, the Federal Reserve's recent indications added pressure on the bond…

The Economic Times

MSME lending moves from sachetisation to personalisation: Lentra’s Ankur Handa

India's financial framework is undergoing a significant evolution as digital resources, advanced data analytics, and innovative technology pave the way for broader credit opportunities, particularly benefiting MSMEs. Lentra's Growth Alliance Program (GAP) is designed to enable an emerging lender’s growth ambition and offer them the infrastructure necessary to support that…

The Economic Times

HDFC Bank shares after Jagdishan: What lies ahead for the country’s largest private lender?

HDFC Bank's CEO Sashidhar Jagdishan plans to retire in October 2026 following a major merger, leaving investors eager for details on his successor and the bank's future direction. The institution encounters hurdles in attracting deposits and enhancing margins post-merger. Experts propose either a temporary internal leader or an external hire.…

The Economic Times

Best dynamic bond funds to invest in August 2026

If you are planning to invest for three to five years, but don’t want to take a call on interest rates, you can bet on dynamic bond funds

The Economic Times

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The Economic Times

HDFC Bank shares gain 3% as CEO Jagdishan rejects new term; Morgan Stanley, Jefferies, others weigh in

HDFC Bank share price rose up to 3% on Monday after the lender's Managing Director and CEO Sashidhar Jagdishan opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock.In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this…

The Economic Times

NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rules

Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of regulations. Stricter rules apply to agricultural lands and farmhouses, particularly regarding their sale and repatriation. The method of repatriating sale proceeds varies based on the property's origin and classification.

The Economic Times

RBI rate hike risk rises: Bandhan AMC’s Suyash Choudhary dials back duration in bond portfolios

Bandhan AMC has reduced duration across several bond funds as RBI rate hike risks rise following the latest MPC minutes. CIO Suyash Choudhary said markets are increasingly debating the timing and magnitude of potential hikes, while fading FCNR flows and changing policy expectations could drive a flatter bond yield curve.

The Economic Times

Raghuram Rajan calls for Federal Reserve rate hike, says US economy 'not being held back'

Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes current financial conditions remain too loose for controlling inflation. Rajan points to strong investment and fiscal deficits as growth drivers. The US economy shows little sign of being constrained by borrowing costs. Meanwhile, the Indian…

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The Economic Times

India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jump

India's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation's external reserves. Foreign currency assets and gold reserves drove this substantial increase. The Reserve Bank of India's measures have attracted considerable forex inflows. These reserves are now higher than…

The Economic Times

India's 10-year bond yield scales over 2-month peak ahead of Warsh speech

The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a two-month peak. As investors anticipate key policy hints from Federal Reserve Chair Kevin Warsh during his Jackson Hole address, the hawkish tone in the latest RBI minutes has intensified expectations for future monetary policy…

The Economic Times

Sebi proposes merchant banker exemption for small-value private debt issues

Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher.

The Economic Times

India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI

Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher…

The Economic Times

India bonds wobble as supply, RBI cash-drain risks loom

On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and concerns over RBI's liquidity stance. The results from the treasury bill auction reflected weak demand, driving yields upward. Speculation is building that the Reserve Bank of India may take steps to curtail excess liquidity, preparing…

The Economic Times

Rupee dips, reversing intraday gains, as importer dollar demand dominates

The Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand increased, and month-end pressures also contributed to the fall. A modest recovery in the dollar index further dampened the rupee's momentum. Banks absorbed two days of inflows after a holiday, increasing swap costs. The rupee…

The Economic Times

ETMarkets Smart Talk | Time to rotate from expensive smallcaps to large caps? Saurabh Prasad weighs in

In an interaction with Kshitij Anand of ETMarkets, Saurabh Prasad, Head – Research Centre at Mirae Asset Sharekhan, said large caps are now more reasonably valued relative to growth stocks, while the premium commanded by small caps may be difficult to sustain given their more volatile earnings momentum.

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