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August 18, 2023 1:28 PM
79
Reserve Bank issued guidelines to banks, NBFCs on levying of penal rates of interest on loans. RBI in a circular dated 18th Aug 2023 mentioned that there shall be no capitalisation of penal charges i.e., no further interest computed on such charges. After reviewing the practices followed by Banks on...
August 17, 2023 1:44 PM
105
State Bank of India is planning to open 300 new branches across the country in the current financial year. The SBI currently has 22 thousand 405 branches across the country and 235 foreign branches and offices. SBI chairman Dinesh Khara said, the bank is also looking at having more business correspo...
August 16, 2023 8:57 PM
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Finance Minister Nirmala Sitharaman met the Governor of Japan Bank for International Cooperation (JBIC), Hayashi Nobumitsu in New Delhi today. They exchanged views on JBIC’s recent activities in India contributing towards Japan’s investment target of five trillion yen over the next five years. Durin...
August 16, 2023 6:10 PM
102
Gold prices today declined 130 rupees at Multi Commodity Exchange for October contracts. The precious metal was trading at 58,845 rupees per 10 grams. On the other side, silver gained 245 rupees to trade at 70,200 rupees per kilogram for September Contracts when reports last came in. In the g...
August 16, 2023 6:08 PM
83
Asian stock markets today ended with losses. South Korea's Kospi tumbled 1.8 percent, Japan's Nikkei-225 plunged one and a half percent and Hong Kong's Hang Seng index declined 1.4 percent. China's Shanghai Composite index slipped 0.8 percent and Singapore's Straits Times in...
August 16, 2023 6:06 PM
83
Oil prices were little changed today as investors weighed worries about China's embattled economy against expectations of tighter supply in the United States. In intra-day trade, Brent crude was trading at 84 dollars and 85 cents per barrel. West Texas Intermediate crude price was at 81 ...
August 16, 2023 6:01 PM
103
In the forex market, the rupee closed at 82 rupees and 95 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 103.10 in intra-day trade.
August 16, 2023 3:35 PM
86
In a recent discussion on Akashvani's program "Spotlight," the spotlight was on the Mines and Minerals Development and Regulation Act 2023, a game-changing policy reform aimed at revitalizing India's mineral sector. The act, which has received the assent of President Draupadi Mur...
August 15, 2023 7:38 PM
8
Russia has hiked interest rates to 12 percent after the rouble fell to its lowest value in 16 months. The currency fell past 100 per dollar yesterday, prompting Russia's central bank to hold an emergency meeting. Meanwhile, today the currency recovered slightly to 98 roubles to the dollar, but ...
August 14, 2023 8:17 PM
96
India’s overall exports in July this year are estimated at 59.43 billion dollars, despite global headwinds. Commerce and Industry Ministry said that the overall trade deficit has improved by 45.22 percent during July this year to 8.35 billion dollars from 15.24 billion in July last year. Merchandise...
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Last Updated: 10th Mar 2026
