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India’s forex reserves fall to over 7-month low at $402.7 billion

As per the recently released RBI data, India’s foreign exchange reserves fell to over 7-month low of $402.7 billion in the week ended August 3.

posted by Jawwad Kazi 11th Aug 2018

Industrial output expands 7% in June

According to data released by the Central Statistics Office (CSO, Industrial output recorded a growth of 7 per cent in June on account of higher output in mining, manufacturing, power generation segments and a low base growth.

posted by Jawwad Kazi 11th Aug 2018

UAE top source of inward remittances in 2016­-17: RBI

According to the Reserve Bank of India’s survey of inward remittances for 2016­17, the United Arab Emirates (UAE) has emerged as the top source of inward remittances.

posted by Jawwad Kazi 10th Aug 2018

Strengthen governance in PSBs : IMF

The International Monetary Fund (IMF) in its report asked the Indian government to improve the way state-­owned banks are run by bolstering board­level autonomy.

posted by Jawwad Kazi 9th Aug 2018

About Rs.70,000­ cr. hit due to banking frauds in last 3 years

During the ongoing monsoon session, the Rajya Sabha informed that Indian banks reported a total loss of about Rs.70,000 crore due to frauds during the last three fiscals up to March 2018.

posted by Jawwad Kazi 8th Aug 2018