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RBI

Warning Indians against cryptocurrencies, RBI chief says tulips have more value

MUMBAI: India’s central bank chief delivered a stark warning against investing in cryptocurrencies, saying they...

Published 11 Feb, 2022 04:31am

Markets

India central bank committed to price stability while supporting growth

MUMBAI: The Reserve Bank of India is committed to its mandate to keep prices stabile while keeping its growth...

Published 28 Jan, 2022 06:41pm

Markets

Sri Lanka central bank to get $400mn swap line from India's RBI

COLOMBO: The Sri Lankan central bank will be able to access a $400 million swap line from its Indian counterpart...

Published 13 Jan, 2022 06:07pm

Markets

India's current account moves to deficit; gap to widen further

MUMBAI: India's current account balance moved back into deficit in the three months from July to September, mainly...

Published 31 Dec, 2021 06:51pm

Markets

Indian banks must bolster capital and augment credit flow, says report

MUMBAI: Indian banks need to bolster their capital to absorb potential stress and augment credit flow when policy...

Published 28 Dec, 2021 05:40pm

Markets

Indian shares fall nearly 2pc

BENGALURU: Indian shares closed nearly 2% lower on Monday, hurt by a selloff in information technology (IT) stocks,...

Published 07 Dec, 2021 06:29am

Markets

India central bank to start bankruptcy procedure against Reliance Capital; co to comply

BENGALURU: India's central bank said on Monday it would initiate bankruptcy proceedings against Reliance Capital ...

Published 29 Nov, 2021 08:15pm

Markets

India's cental bank to adjust private bank ownership rules

MUMBAI: India's central bank has accepted a majority of recommendations made by an internal working group on the...

Published 26 Nov, 2021 06:16pm

Business & Finance

MMBL wins Retail Banker International Asia Trailblazer Award

ISLAMABAD: Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has won the prestigious Retail...

Published 17 Oct, 2021 04:41am

Markets

India's forex reserves rise to $639.52bn as of Oct 8: RBI

BENGALURU: India's foreign exchange reserves rose to $639.52 billion as of Oct. 8, compared with $637.48 billion a...

Published 16 Oct, 2021 04:49am

Business & Finance

Indian central bank supersedes boards of Srei firms, to start bankruptcy proceedings

"We are shocked by the RBI's move as banks have been regularly appropriating funds from the escrow account they have controlled since November 2020," a spokesperson for Srei says

Published 04 Oct, 2021 07:05pm

Business & Finance

India's forex reserves fall to $641.11bn

BENGALURU: India's foreign exchange reserves fell to $641.11 billion as of Sept. 10, compared with $642.45 billion a...

Published 18 Sep, 2021 04:02am

Business & Finance

India’s forex reserves rise to $642.45bn

BENGALURU: India’s foreign exchange reserves rose to $642.45 billion as of Sept. 3, compared with $633.56 billion ...

Published 11 Sep, 2021 03:36am

Business & Finance

India's Bank of Baroda posts June quarter net profit of 12.08bn rupees

Net interest income rose 15.79% to 78.92 billion rupees, it said
Gross non-performing assets (NPAs) stayed flat sequentially at 8.86% in Q1 2021/22 while net NPAs fell slightly to 3.03%

Updated 07 Aug, 2021 06:55pm

Markets

Indian shares end higher; markets await RBI policy decision

The blue-chip NSE Nifty 50 index and the S&P BSE Sensex ended up 0.2% each at 16,294.60 and 54,492.84, respectively

Published 05 Aug, 2021 05:27pm

Business & Finance

Indian banks get extra time to comply with revised current account rules

"The instructions were issued to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders," the central bank said.

Published 04 Aug, 2021 06:03pm

Business & Finance

India's SBI pins hopes on economic recovery after record quarterly profit

If economic activity is back on track, our ability to maintain better performance in terms of asset quality will be maintained
He expected its loan book to grow by 9% in the current financial year, versus an earlier estimate of 10%.

Published 04 Aug, 2021 05:36pm

World

India's Jan-March current account deficit widens as imports normalise

The current account deficit stood at $8.1 billion in the January-March quarter compared to a surplus of $0.6 billion in the same quarter last year.
The deficit stood at 1% of gross domestic product in the latest quarter.

Published 30 Jun, 2021 06:52pm

Business & Finance

India MPC needs to be watchful on inflation even as it picks growth: minutes

To maintain and enhance this credibility, the MPC needs to remain data driven so that it can respond rapidly and adequately to any unforeseen shocks that may arise in future.
The wholesale price inflation rate rose 12.94%, its highest in at least two decades.

Published 18 Jun, 2021 06:20pm

Business & Finance

India central bank to buy 400bn rupees worth securities on June 17

The central bank had said it will buy 1 trillion rupees worth securities between April and June to help markets absorb the government's massive 12.06 trillion rupees in borrowing.

Published 10 Jun, 2021 05:03pm

Markets

Indian shares close down after central bank holds rates steady

The NSE Nifty 50 index ended down 0.1% at 15,670, and the S&P BSE Sensex closed down 0.25% at 52,100.05.
On Friday, the Nifty bank index was the top drag, down 1%.

Published 04 Jun, 2021 06:24pm

Markets

Banks, pharma lift Indian shares after cenbank unveils relief measures

"Small businesses and financial entities at the grassroot level are bearing the biggest brunt of the second wave of infections," Das said, as he announced a slew of other measures to enhance liquidity.
On Wednesday, the blue-chip NSE Nifty 50 index closed 0.84% higher at 14,617.85, while the benchmark S&P BSE Sensex advanced 0.88% to 48,677.55.

Updated 05 May, 2021 05:39pm

Business & Finance

India's economy holding up well against COVID-19 surge, says RBI

"It is noteworthy that economic activity in India is holding up admirably against COVID-19's renewed onslaught," the RBI said.
"Apart from contact-intensive sectors, activity indicators largely remained resilient in March and grew beyond pre-pandemic levels on the back of strong momentum rather than statistical base effects," it added.

Published 26 Apr, 2021 06:23pm

Business & Finance

India central bank limits single term of bank CEOs, managing directors to 15 years

These are some learnings from the banking crisis that unfolded last year from the Yes bank case, so the RBI is putting these steps in place to ensure that such kind of issues don't arise in future.
Bank chiefs who are not promoters will be eligible for a second-term, even after the 15-year period.

Published 26 Apr, 2021 06:00pm

Business & Finance

Indian govt had no outstanding loans from RBI in April 16 week

State governments had 53.84 billion rupees ($717.84 million )of loans from the RBI in the week ended April 16, compared with 23.55 billion rupees in the previous week, the release showed.

Published 23 Apr, 2021 06:10pm

Markets

India central bank's rejection of 10-year bond bids fuels late rally

The benchmark 10-year bond yield closed at 6.08%, down 5 basis points on the day after earlier rising to 6.18%, its highest since April 7.
On Friday, RBI sold bonds worth 113.27 billion rupees, less than half of what it set out to raise for the government and rejected all bids at the sale of the 10-year bond.

Published 16 Apr, 2021 06:23pm

Business & Finance

Indian govt had no outstanding loans from RBI in April 9 week

The central government had no outstanding loans in the week earlier as well.
State governments had 23.55 billion rupees ($316.43 million)loans from the RBI in the week ended April 9, compared with 33.72 billion rupees in the previous week, the release showed.

Published 16 Apr, 2021 06:13pm

Business & Finance

India's forex reserves rise to $581.21bn as of April 9

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves.

Published 16 Apr, 2021 06:04pm

Markets

Indian shares rise for third day; metals stocks jump

The Reserve Bank of India (RBI) on Wednesday kept interest rates at record lows and committed to a massive government bond purchase programme, helping keep share markets buoyant.
The NSE Nifty 50 index ended up 0.37% at 14,873, and the S&P BSE Sensex rose 0.2% to 49,746.21.

Published 08 Apr, 2021 05:36pm

Markets

Indian shares rise 1pc after central bank keeps rates steady

The NSE Nifty 50 index closed 0.92% higher at 14,819.05 and the S&P BSE Sensex rose 0.94% to 49,661.76.
The benchmark 10-year bond yield briefly rose to 6.19% after the policy decision, but fell to a low of 6.05% after the central bank announced a secondary market government securities (G-sec) acquisition programme.

Updated 07 Apr, 2021 05:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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