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International

Swati Bhat

India central bank sidesteps proposal on corporate ownership of banks

Nov 26 2021

MUMBAI (Reuters) -India's central bank said on Friday it would reform rules on the structure of private sector banks but a source familiar with the matter said the changes would not include allowing industrial groups to own lenders.

India rupee sees worst week in seven on new variant

Nov 26 2021

MUMBAI The Indian rupee saw its worst week in seven on Friday, while the benchmark 10-year yield closed at its lowest in more than two weeks as concerns over a COVID variant spooked markets across the globe.

India cenbank chief says RBI aims to bring down liquidity to adequate levels from excess

Nov 16 2021

MUMBAI India's central bank wants to gradually lower excess liquidity in the banking system but will ensure there is adequate liquidity always available to meet the needs of the productive sectors of the economy, its governor said on Tuesday.

New Delhi to shut schools, construction sites as pollution worsens

Nov 13 2021

NEW DELHI/MUMBAI (Reuters) -Schools in New Delhi will be closed for a week and construction sites for four days, the Indian capital's chief minister said on Saturday, as the city tries to protect people in a worsening air pollution crisis.

India's largest bank SBI beats estimates with record $1 billion profit

Nov 03 2021

BENGALURU (Reuters) -State Bank of India posted a better-than-expected quarterly profit on Wednesday, as it released reserves that were set aside to cover its exposure to a troubled shadow lender, and forecast credit growth of about 10% for the fiscal year.

India cenbank report says stressed asset sales should take place earlier

Nov 02 2021

MUMBAI The sale of stressed assets by lenders must be done at an earlier stage to allow for optimal recovery by asset reconstruction companies, a committee appointed by the Reserve Bank of India (RBI) said in a report published on Tuesday.

India re-appoints central bank governor Das for 3 more years

Oct 29 2021

MUMBAI (Reuters) -India has re-appointed central bank governor Shaktikanta Das for three more years or until further orders, in a move welcomed on Friday by markets and economists.

UPDATE 2-Moody's cuts Sri Lanka's debt rating; govt says action ill-timed

Oct 28 2021

MUMBAI, Oct 28 Rating agency Moody's downgraded Sri Lanka's debt rating to 'Caa2' from 'Caa1' on Thursday saying the country had failed to come up with a comprehensive debt repayment plan and low foreign exchange reserves posed the risk of defaults.

Indian rupee, bonds gain, helped by dip in global oil prices

Oct 28 2021

MUMBAI The Indian rupee and bonds strengthened on Thursday as a drop in global crude oil prices provided a breather and helped calm investor worries over sustained imported inflationary pressures in the domestic economy.

India central bank unveils tighter non-bank sector regulation to take effect Oct 2022

Oct 22 2021

MUMBAI The Reserve Bank of India on Friday released a final set of tighter, bank-like regulations for the non-bank finance sector to ensure better monitoring and prevent any failures from having knock-on effects on the rest of the financial world.

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