The nomination has been made with the approval of the Finance Minister Nirmala Sitharaman, who is the chairperson of the Governing Council, according to a circular issued by the Department of Economic Affairs under the Ministry of Finance
Author: BNW News
New RBI chief faces calls to unshackle rupee amid surging dollar
The RBI’s foreign-exchange reserves, which hit a record high of $705 billion in September, slid to an eight-month low of $640 billion as of December 27. The erosion roughly coincided with Donald Trump’s latest presidential election victory. The authority’s forwards book also showed a shortfall of about $60 billion as of November. This means it will have to buy a matching amount to settle maturing contracts or deplete its reserves further.
Exim Bank opens debt markets with USD 1 billion bond at tightest spread ever from India
In terms of geographic distribution, the bonds were well distributed, with 50% in Asia, 32% in EMEA region and 18% in the USA. In terms of distribution to investor types, the bonds were distributed to high quality investors with around 64% distributed to Asset and Fund managers, 18% to Banks, and 16% to Insurance, Pension Funds & Public Sector, followed by private banks and others.
Kochouseph Chittilappilly Foundation donates Rs One lakh to Adi shankar treatment fund
Being incorporated as a non-profit company under section 25 of the Companies Act, K Chittilappilly Foundation operates from its registered office at Kakkanadu, Kochi.
India’s GDP Growth Projected at Four-Year Low of 6.4% for FY25 : Govt’s Advance Estimates
India’s GDP growth is expected to dip to 6.4% in FY25, marking its lowest level in four years, as per the government’s first advance estimates released on January 7. The data suggests…
FY26 Banking Outlook: Profitability to moderate further in FY26
Ind-Ra-Mumbai-7 January 2025: India Ratings and Research (Ind-Ra) has maintained a neutral outlook on the overall banking sector for FY26. The agency believes the banking sector’s near-to-medium term challenges include an…
FY26 MFI Outlook: Hurting-but-hopeful; Recovery Likely in 2H
Ind-Ra-Mumbai-7January 2025: India Ratings and Research (Ind-Ra) has revised the outlook on the microfinance (MFI) sector to deteriorating from neutral, while maintaining a Stable rating Outlook for FY26. The agency opines…
Edelweiss Financial Services Limited announces Rs 2,000 million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Mumbai, January 07, 2025: Edelweiss Financial Services Limited (“EFSL”/ “Company”), today announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of Rs 1,000 each for an amount up to…
India Ratings FY26 NBFCs Outlook: Mettle Being Put to Test, Yet Again
Ind-Ra-Mumbai-7January 2025 India Ratings and Research (Ind-Ra) has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies (NBFCs) for FY26. The agency opines that after witnessing a…
Increasing bank account activity among affluent driving surge in financial management tools: CRED Money
India’s affluent class is experiencing unprecedented levels of financial activity, with the median individual managing over 434 peer-to-peer banking transactions annually and experiencing accelerated flows of earning, investing, and spending, Cred Money…