Indian banks face rising costs for hedging dollar interest payments on foreign currency non-resident bank (FCNR(B)) deposits following new foreign exchange regulations introduced by the Reserve Bank of India (RBI). Under the Foreign Exchange Risk Reserve (FERR) framework, lenders must maintain ca...
government
Mumbai: Prime Minister Narendra Modi on Friday launched on-ground activities for 12 horticulture clusters across India under the National Horticulture Board's (NHB) Cluster Development Programme (CDP), aimed at strengthening agricultural infrastructure, improving market access an...
News
Bollywood actress and dancer Nora Fatehi has once again found herself in the spotlight in connection with the Rs. 200 crore extortion case linked to alleged conman Sukesh Chandrashekhar . The actress has reportedly been summoned by a Delhi court to appear as a prosecution witness...
safety
The Supreme Court on Thursday urged the Reserve Bank of India (RBI) to introduce regulations holding banks and financial institutions accountable when inadequate safeguards contribute to customer losses from digital arrest scams and cyber fraud. A bench headed by Chief Justice of...
