MONEY & BANKING
FINANCIAL SERVICES
Technical snag in RTGS hits inter-bank payments
Mumbai, Jan. 18 Inter-bank fund transfer temporarily ground to a halt as the centralised software (RTGS) which handles inter-bank payments in real time developed a technical hitch.Consequently, the RBI announced a special ...
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FOREX
The love-hate story of the rupee and the $
Chennai, Jan. 18 The slide on the screen showed $40 = Re 1. The year – 2050. There was a gasp from the audience followed by applause as the realisation of what was coming sunk in.The session was a talk on the rising rupee, given ...
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Forex reserves surge $5.47 b
Mumbai, Jan 18 The country’s foreign exchange reserves surged by $5.47 billion to $281.73 billion for the week ended January 11, due to the strong intervention by the Reserve Bank of India as well as the currency revaluation effect. In ...
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Rupee ends flat against dollar
The rupee ended unchanged against the dollar, as the RBI stepped in once again to stem the appreciation in the domestic currency. The home currency opened at 39.34/36 and touched an intra-day high of 39.28/27. It closed the day at 39.30/31, flat ...
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FINANCIAL PERFORMANCE
HDFC clocks 83% rise in Q3 net at Rs 649 cr
Sale of investment in insurance arm fetches Rs 121 cr
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CREDIT MARKET
RBI slashes risk weights on education loans
Mumbai, Jan. 18 The RBI has reduced risk weights on education loans under the Basel II framework.“Under the Basel II framework, educational loans, no longer being a part of consumer credit, would be treated as a component of the ...
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