BRICS bank to start lending in local currency by April
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker K V Kamath said here today. He said a decision to open membership... read more »
Withdrawing Money From ATMs Outside Home Branch Network May Cost You
The Reserve Bank of India is considering if banks can charge a fee for using automated teller machines (ATMs) to withdraw money from outside the home bank network. Home bank network means ATMs of the bank in which you have an account. The Indian Banks’ Association (IBA) has proposed that... read more »
Rupee hits three-week high
The rupee rises to 60.12/13 from 60.31/32 on Wednesday, after earlier rising as high as 60.09, a level last seen on April 10. USD/INR was under pressure as month-end dollar buying by oil companies in recent sessions faded and also due to stronger domestic shares. The dollar struggled to make any... read more »
indias $ 325 billion of exports Targe Will be not completed this year:FIEO
New delhi – India ‘s export target of $ 325 billion in the current financial year will not be achieved . Federation of Indian Export Orgnaijeshns ( FIEO ) said the country’s exports will remain at approximately $ 10 billion from the target . We will not be able to meet the target... read more »
More from Economy
Sensex closes flat, bank stocks gain
Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying support from foreign... read more »
Sensex trades flat during pre-noon trade
Mumbai – A benchmark index of Indian equities markets was trading flat at 47.43 points or 0.23 percent up during the pre-noon trade Thursday. All the sectors were trading in green.... read more »
Rupee down 12 paise on dollar demand
The rupee on Thursday weakened by 12 paise to 61.91 against the dollar in early trade at the Interbank Foreign Exchange market due to demand for the U.S. currency from importers. Forex... read more »
Bharatiya Mahila Bank to open four branches in northeast
Agartala – The Bharatiya Mahila Bank (BMB) will open four more branches in four capital cities of the northeastern states, officials said here Tuesday. “Four branches of BMB... read more »
Sensex closes flat; IT stocks down
Mumbai – A benchmark index of Indian equities markets ended! Monday’s trade flat, as foreign institutional investors (FIIs) continued to be net buyers in the market despite US Federal... read more »
