banking finance News

Indian rupee edges up but snaps two-week gaining streak

The Indian rupee ended marginally higher on Friday.(PTI)

Still, the rupee fell 0.3 percent for the week, posting its first weekly loss in three in a week dom...

Indian rupee rises 15 paise against US dollar to end at over 1-week highRupee to dollar: RBI intervention keeps pair bracketed
SKS Microfinance has announced 1 percentage point reduction in lending rates.(Reuters)
SKS Microfinance cuts lending rates by 1 pc on lower fund cost, profit rise
The announcement comes on back of the company reporting an manifold jump in June quarter net income ...

Punjab National Bank Q1 net profit rises 10% to Rs 1,405 crore

PNB's total income increased to Rs 12,825.13 crore during the first quarter ended June 30

Online fraud hits IAF officers’ accounts

SBI files complaint in Mumbai, Delhi, Toronto

Rupee ends weaker after hitting 1½-week high

The rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the ses...

Indian rupee flat at at 60.10 against US dollar

Rupee had retreated from nearly 2-week high and ended 3 paise lower at 60.12 in yesterday's trade.
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ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
RBI cancels registration certificate of Deutsche Securities
Reserve Bank has cancelled registration certificate of non-banking financial company Deutsche Securi...
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Vikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.
Indian rupee hits 1 1/2 week low against dollar; fund flows eyed
Importer demand to meet month-end payment commitments will limit fall in rupee-dollar pair.
Oriental Bank of Commerce cuts fixed deposit rates by up to 1%
Fixed deposit rate for maturities ranging from 31-45 days has come down to 6 per cent.
Indian rupee rises 15 paise against US dollar to end at over 1-week high
Dollar selling by exporters and a weak US currency overseas too aided the rupee upmove.
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
Kotak Bank sees Re range bound at 58-61 against United States $
Kotak Mahindra Bank today said it expects the rupee to be stable in the 58-61 against the US dollar ...
Indian rupee edges up a paisa to end at 54.77 vs US dollar
Indian rupee today closed just paise higher at 54.77 against US dollar on better local equities.
RBI working on system for exit by businesses facing bankruptcy
Mahapatra said RBI has started working on an enabling system for banks that will help those entrepre...
Indian rupee, US dollar edges up tracking Asians, shares in focus
US dollar held firm near a 10-month high against a basket of major currencies.
United Bank to raise Rs 300 crore by selling shares to LIC soon
Following this, the government's share in the bank will come down to 82 per cent from the existing 8...
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Indian rupee rises 12 paise against dollar in early trade
Increased selling of dollars by banks and exporters amid sustained foreign capital inflows also supp...
Indian rupee up by 10 paise Vs US dollar in early trade
The rupee today rose by 10 paise to 54.68 against the dollar in early trade.
Indian rupee rebounds from 1-month lows vs USD, up 6 paise at 60.24
Rebounding from one-month lows, the rupee today rose six paise to end at 60.24 against the US dollar...
Indian rupee closes 3 paise higher against US US dollar at 54.78 on rally in equities
A strong dollar weighed on rupee but the local currency managed to erase early losses and settle 3 p...
India rupee ends marginally higher against dollar; importer demand limits gains
The Indian rupee edged higher on the back of dollar sales by custodian banks acting on behalf of for...
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