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SHOCKING: 5 - What They Never Told You

Indian economic growth likely slowed to 7.1% in April-June quarter: Reuters poll

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth while private investment remained subdued. Rising crude oil prices pose risks to the economy and could strain household budgets. Economists forecast growth to lose momentum in coming quarters. The Reserve Bank…

The Economic Times

ETMarkets NRI Talk| ₹10 crore NRI portfolio: How Raghvendra Nath would allocate it across equities, debt and alternatives

Raghvendra Nath, MD, Ladder Up Wealth Management, believes equities should form the core of an NRI’s India portfolio, while fixed income and alternative investments can provide diversification.

The Economic Times

ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma

Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.

The Economic Times

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RBI working to give banknotes in your pocket a longer lease on life

The RBI is exploring ways to extend the life of banknotes, including surface coatings and polymer notes for lower denominations, Deputy Governor Shirish Chandra Murmu said in the central bank’s monthly bulletin.

The Economic Times

RBI net absorbed $561 million in June as inflows picked up

In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May to stabilize the rupee, the central bank recorded nearly $73 billion in inflows from early…

The Economic Times

RBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISME

FISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt working-capital finance for MSMEs. The industry body said revolving credit helps small businesses manage cash-flow gaps, as they can draw funds when needed, pay interest only on…

The Economic Times

Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadline

India's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on December 31st, 2026, offering significant benefits. Taxpayers can regularize undisclosed foreign assets and income by paying a specified tax and penalty. Failure to declare by the deadline will result in…

The Economic Times

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SBI eyes $10 billion from NRIs, foreign investors ahead of RBI swap window closure

State Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's total business aims to reach Rs 200 lakh crore by 2030. This ambitious target aligns with the country's economic growth projections. SBI's balance sheet could potentially double every six years. The bank's operations…

The Economic Times

RBI’s great dollar haul: Where are the $73 billion going?

India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are primarily strengthening RBI’s foreign-exchange buffers rather than being used to push the currency higher.

The Economic Times

Union Bank of India taps dollar debt market after 12-year hiatus

Union Bank of India has made a significant move by raising six hundred million dollars through the sale of bonds, which include three-year and five-year notes at appealing interest rates. This event is particularly notable as it represents the bank's first public dollar bond sale in more than ten years.

The Economic Times

India's house price growth slows to 3.6% in Q1 FY27: RBI

In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to…

The Economic Times

RBI's concessional swap scheme mobilises $73 bn in less than 11 weeks

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounting for $65.4 billion, reflecting strong participation from NRIs.

The Economic Times

India lenders' dollar debt sales top $10 billion since RBI window, ICICI Bank beats peer to lead pack

ICICI Bank is set to raise one billion dollars through the issuance of five-year bonds, marking its fourth bond sale this month. With over three billion dollars already raised via the RBI window, this move contributes to the collective bond issuance of over ten billion dollars by Indian banks. This…

The Economic Times

Abhishek Banerjee's bank account reactivated following KYC update, Calcutta HC disposes of TMC MP's plea

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His accounts and cards were reactivated after submitting required KYC documents to the bank. The court noted that banks should provide notice before blocking customer accounts. The bank stated that Banerjee's account was blocked due to…

The Economic Times

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The Economic Times

ETMarkets Smart Talk | Have money in FDs? Why retail investors should consider 7-7.25% bond yields: Amit Somani

He believes the current environment offers an opportunity to lock in yields rather than wait for a marginal rise in rates, while investors with a three-year horizon could consider longer-duration bond funds such as corporate bond and G-sec funds.

The Economic Times

Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surge

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI…

The Economic Times

Can all NRIs, PIOs and OCIs open FCNR (B), NRE and NRO accounts?

Individuals classified as Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are restricted from opening standard resident savings accounts. Alternatively, Overseas Citizens of India (OCIs) may establish resident accounts under particular conditions.

The Economic Times

India bonds log worst week in FY27 on RBI surprise U-turns

Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in…

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The Economic Times

Gold bond premature redemption calendar for October 2026-March 2027 released: Check all SGB exit dates to redeem your investments

The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowing investors to withdraw funds between October 2026 and March 2027. Applications for early withdrawal must be made through approved channels, such as banks and post offices. It's imperative for investors to pay attention to…

The Economic Times

India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14

India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year. The latest increase came as FCNR(B) scheme inflows started reflecting.

The Economic Times

Rupee dips on week as oil pangs linger, intervention prevents fall past 96/USD

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance. The Reserve Bank of India's timely intervention helped prevent any serious decline against the dollar. Meanwhile, substantial foreign currency inflows…

The Economic Times

Tata, Godrej and now Birla: Big groups aren't just chasing glitter

India’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh cr by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices,…

The Economic Times

India bonds hang tight before supply as oil stalls

On Friday morning, Indian government bonds found stability as oil prices leveled off. The market reacted to hawkish minutes from the central bank and a sudden spike in crude prices. Later today, a major debt sale will gauge investor interest in bonds. As retail inflation surpassed the Reserve Bank of…

The Economic Times

India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The…

The Economic Times

HDFC Bank's record dollar bond sale makes it top issuer under RBI window

HDFC Bank has achieved a remarkable feat by securing $1.75 billion through a dual-tranche dollar bond issuance, marking the largest single debt fundraising effort by any Indian bank. This successful venture included selling five-year bonds worth $1.25 billion and three-year bonds worth $500 million. With investor demand surging to about…

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