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ICICI Bank Mobilises $17.9 Billion Through RBI Foreign Currency Deposit Scheme

By Uniquetimesorg September 2, 2026 0

India’s ICICI Bank has mobilised around $17.88 billion through the Reserve Bank of India’s foreign currency non-resident deposit scheme as of August 31, 2026. The initiative is aimed at attracting overseas foreign-currency inflows and strengthening India’s foreign exchange position. Of the deposits raised, about $9 billion has been used for loans provided Continue Reading

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Tech Mahindra Beats Q1 Revenue Estimates

By Uniquetimesorg July 16, 2026 0

Tech Mahindra reported better-than-expected revenue for the first quarter of FY27, driven by strong performance in its communications and manufacturing businesses, along with support from a weaker Indian rupee. The company’s revenue rose 17.7% year-on-year to ₹157.12 billion for the quarter ended June 30. The results exceeded market expectations, as analysts surveyed Continue Reading

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India’s Silver Import Curbs Trigger Shortages, Premiums Surge

By Uniquetimesorg July 8, 2026 0

India’s restrictions on silver imports have led to supply shortages in the country’s domestic market, pushing silver premiums to their highest level in six months. Dealers said premiums have climbed to around $6.5 per ounce, more than 10% above global benchmark prices, even as demand remains relatively subdued. India relies on imports for over 80% […]Continue Reading

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Three Indian Development Financiers Plan $1.5 Billion Overseas Loans Under RBI Scheme

By Uniquetimesorg June 27, 2026 0

NABARD, SIDBI and NaBFID are planning to raise at least $1.5 billion through foreign-currency bank loans under the Reserve Bank of India‘s discounted overseas borrowing facility, according to sources familiar with the matter. Each institution is expected to seek at least $500 million, with NaBFID the furthest along after beginning discussions with lenders. The Continue Reading

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RBI Chief Says Rate Hike Talk Premature as Inflation Shows No Broad-Based Rise

By Uniquetimesorg June 24, 2026 0

India’s central bank governor Sanjay Malhotra said it is “premature” to discuss interest rate hikes at this stage of the monetary policy cycle. He noted that the Reserve Bank of India (RBI) is closely monitoring potential second-round effects of rising oil prices on inflation before making any policy shifts. Malhotra said there are currently no […]Continue Reading

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Indian Banks Launch Global Drive to Attract $50 Billion from NRIs

By Uniquetimesorg June 12, 2026 0

Indian banks have launched a global campaign to attract more than $50 billion in deposits from non-resident Indians (NRIs), as policymakers seek to strengthen the country’s foreign exchange reserves and support the rupee. Lenders are offering returns of up to 7.1% on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and are actively targeting overseas Indians through Continue Reading

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RBI Holds Rates Steady; Indian Markets Stay Positive

By Uniquetimesorg June 5, 2026 0

Indian stock markets remained in positive territory on Friday after the Reserve Bank of India (RBI) kept its key policy rate unchanged at 5.25% and maintained a neutral policy stance. Investors are closely watching the RBI governor’s comments for signals on managing rupee weakness and inflation risks linked to higher energy prices. The benchmark Nifty […]Continue Reading

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India Tightens Silver Import Rules to Curb Rising Shipments

By Uniquetimesorg June 3, 2026 0

India has further tightened silver import regulations by bringing silver grains, powder, and other forms containing 99.9% purity under the restricted category. Importers must now obtain prior authorization from the Directorate General of Foreign Trade (DGFT) before bringing these products into the country. The move is aimed at controlling rising imports and reducing Continue Reading

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RBI Faces Tough Rate Decision as Oil Shock, Weak Rupee Cloud Outlook

By Uniquetimesorg June 2, 2026 0

India’s central bank faces one of its most challenging monetary policy decisions in recent years as rising oil prices, a weakening rupee, and concerns over a poor monsoon threaten to fuel inflation while slowing economic growth. The Reserve Bank of India (RBI), which concludes its three-day policy meeting on Friday, is widely expected to keep […]Continue Reading

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India Warns of Inflation Risks from Weak Monsoon and Rising Fuel Costs

By Uniquetimesorg May 30, 2026 0

India’s finance ministry has warned that retail inflation could accelerate in the coming months due to rising fuel prices and weaker-than-normal monsoon rains. The ministry said ongoing energy supply disruptions linked to the Middle East conflict, particularly uncertainties surrounding the Strait of Hormuz, remain a key risk to the country’s inflation outlook. The report Continue Reading