Tag: icici bank
NIIF raises $2 billion for second infrastructure fund; sets target of $3.2 billion
India’s National Investment and Infrastructure Fund (NIIF) has raised $2 billion for its second infrastructure fund from marquee investors such as AustralianSuper, CPP Investments, a…
RBI’s early FCNR(B) deposit scheme closure ‘data-driven’ or a policy U-turn? Governor Malhotra explains
Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted that the decision to advance the closure of Foreign Currency Non-Resident (Bank), or FCNR(B) deposit scheme…
When is your home loan EMI increasing? RBI rate hike calls pushed back after dovish pause
MUMBAI: India’s central bank will likely begin hiking rates in December or later as core inflation in the economy remains low, four economists said on…
India’s economic growth may moderate in H2FY27, accelerate to 7.2% in FY28: Report
New Delhi: India’s economic growth will likely moderate in the second half of FY27 due to a high base effect; however, growth may strengthen to…
Will FCNR (B) deposit scheme that’s bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India (RBI) has no plans to prematurely wind up its special Foreign Currency Non-Resident (Bank), or FCNR(B), deposit scheme that has…
India’s core sector output grows 5% in June under new base year series, hits 5-month high
India’s combined Index of Core Industries (ICI) grew 5% year-on-year in June 2026, compared with 3.2% in May, according to provisional data released by the…
States’ fiscal deficit likely to moderate to 3.4% of GSDP in FY27 as tax collections improve: ICICI Bank
New Delhi: States’ fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax…
India inflation risks mount on renewed US-Iran tensions, El Nino
India’s stronger-than-expected inflation reading for June has left policymakers facing a more uncertain outlook, with renewed tensions around the Strait of Hormuz threatening to push…
RBI pushes banks to bring more dollars home
MUMBAI: Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B)…
India’s current account deficit to stand at 1.8% of GDP for FY27: Report
New Delhi: India is expected to see a current account deficit of 1.8 per cent of GDP in FY27 as against around 2 per cent…