Average daily volumes for rupee in the UK soared to $46.
Digital gold is a mode of investing in physical gold, offered by vendors or producers such as MMTC-PAMP and Digital Gold India.
The domestic unit on Monday plunged 68 paise to 71.
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders
According to reports, a leading private sector bank allegedly moved in to secure its exposure by 'netting-off' money from a fixed deposit maintained by Altico
Rajnish Kumar said the central bank's recent guidelines on floating rate products for the retail segment has necessitated the need for the clarity
Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter
RBI has stated that the key criteria for licences will be the entity's ability to serve smaller customers
The domestic unit on Thursday climbed 52 paise to end at 71.
The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing
RBI had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1
The government has identified four state-run banks- Punjab National Bank, Canara Bank, Union Bank of India and Allahabad Bank for the merger process
The announcement of a new stimulus package is a remarkable turn of events, just nine months after the ECB signaled it was done with ever-loser policy
The ECB cut its deposit rate to a record low -0.
Unsecured loans can only offer banks a temporary shelter during a downturn in collateralised credit
The domestic 10-year bond closed at 6.
Estimated working capital needs of the units rises 20% this season, state govt to stand guarantor for loans