Indian central bank says IndusInd Bank's financial health remains stable
India's central bank said on Saturday that private lender IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory. Earlier this month, IndusInd Bank reported it had discovered an accounting discrepancy in the way it booked currency derivatives stretching back at least six years.
The crisis at IndusInd, India’s fifth-largest private bank
In today’s newsletter, lots of space for SpaceX in India, with both Bharti Airtel and Reliance Jio announcing partnership agreements for Starlink. But first, the crisis in India’s fifth-largest private bank — IndusInd.
IndusInd Bank Stabilizes Amid Accounting Discrepancy Concerns
The Reserve Bank of India reassures that IndusInd Bank remains financially stable despite a Rs 2,100 crore accounting discrepancy. The bank is directed to conclude remedial actions by Q4FY25. Customers are advised not to worry as an external review is underway,
India central bank probing banks' derivatives books amid IndusInd fallout, sources say
India's central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources said on Wednesday.
RBI says IndusInd Bank stable; to fix all discrepencies in seven days
The Reserve Bank of India has confirmed that IndusInd Bank is financially stable and adequately capitalised. Depositors are advised not to react to speculation concerning the bank's foreign exchange derivative portfolio discrepancies,
RBI Affirms Financial Stability of IndusInd Bank Amid Speculation
The Reserve Bank of India has issued a statement to address speculation about IndusInd Bank Limited, affirming that the bank is well-capitalized and financially stable. The bank has maintained a Capital Adequacy Ratio of 16.
India central bank chief urges common pool of climate-focused projects to enhance financing
Indian banks and non-bank finance companies (NBFCs) should consider setting up a common pool of bankable projects for climate ...
Banking system in India remains strong despite market concerns
The RBI assures stability as IndusInd Bank addresses a one-time discrepancy, reinforcing the resilience of India's banking ...
Central Banking3d
Digital transformation award: Reserve Bank of India
With the Pravaah and Sarthi systems, the RBI’s in-house developers have transformed the bank’s internal and external ...
India's banks face a new credibility test
One of India's top private banks is setting a fresh test for the sector. On Monday IndusInd Bank reported it had discovered ...
USD/INR forecast ahead of the RBI interest rate decision: what next for rupee?
Explore what to expect from the Indian rupee ahead of the Reserve Bank of India (RBI) decision? Key USD/INR levels to watch ...
Reserve Bank of India gets Digital Transformation Award 2025 by Central Banking London
The Central Banking London in a release said that the two initiatives have been key to this work. Sarthi, meaning 'charioteer in Hindi, digitised all the RBI's internal workflows.
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Forex Reserves Surge: India's Largest Weekly Gain in Three Years
India's foreign exchange reserves experienced their largest weekly increase in over three years by rising USD 15.267 billion to USD 653.966 billion in the week ending March 7. This surge follows a ...
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reserve bank of india
have been caught on the wrong foot by the alleged embezzlement of funds at the New India Cooperative Bank and the resultant imposition of the Reserve Bank of India (RBI) curbs on withdrawal.
India's central bank likely selling dollars to support rupee, traders say
The Reserve Bank of India was likely selling dollars on Tuesday to support the rupee, which was hit by weak global risk ...