The auction was seen as a good opportunity to sell old 10-year bonds and 14-year bonds, which were part of banks’ held to maturity (HTM) book at a profit, said traders.
India’s central bank bought 200 billion rupees ($2.3 billion) of bonds as planned at the first open-market auction in almost four years.
February will have a total of 14 non-working days, including a few state bank closures observing national and regional ...
Surveillance of branches and automated teller machines (ATMs) is not new to the banking industry, however, while they have ...
The Reserve Bank of India has taken action against Aviom India Housing Finance Private Limited by filing for a corporate insolvency resolution process due to governance concerns and payment defaults.
Moody’s Analytics warns of a challenging 2025 for India, citing slowing growth, inflationary pressures, and a weakening rupee ...
India's central bank announced on Monday a host of measures to inject liquidity into the banking system, including bond ...
RBI has superseded the board of directors of AVIOM India Housing Finance, citing governance concerns and defaults in meeting ...
India's digital payments have skyrocketed, increasing 94 times in volume and 3.5 times in value over the past decade. A ...
Tiger Global and Peak XV backed Indian firm Cred has become the first fintech platform to roll out access to India's central ...
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