India’s forex reserves surge for 3rd straight week
Mumbai, Feb 15 (IANS) India’s foreign exchange reserves increased by $7.6 billion to stood at $638 billion as of February 7, according to latest data by the Reserve Bank of India (RBI). This marks the third consecutive week of an increase in foreign exchange reserves, following a rise of $1.05 billion in the previous week, […]
HSBC India gets RBI nod to open 20 new bank branches in key cities
Mumbai, Jan 17 (IANS) HSBC India on Thursday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bank branches in key cities. The cities where the new branches will be opened are Amritsar, Bhopal, Bhubaneswar, Dehradun, Faridabad, Indore, Jalandhar, Kanpur, Ludhiana, Lucknow, Mysuru, Nagpur, Nashik, Navi Mumbai, […]
RBI eases FEMA rules to boost rupee payments in cross-border deals
Mumbai, Jan 16 (IANS) The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries. […]
