indian overseas bank

In the financial landscape of Bihar, a remarkable milestone was reached as the credit-deposit ratio soared past 60.21% in FY 2025-26, reflecting vigorous economic growth and a surge in citizen confidence. This impressive jump from 44.09% in 2018-19 particularly supports vital areas such as agriculture and MSMEs.

The Indian rupee has fallen nearly 6% against the US dollar due to Middle East tensions, prompting the Reserve Bank of India to consider measures like interest rate hikes and attracting dollar inflows. Officials are exploring a foreign currency deposit scheme for NRIs and a potential sovereign dollar bond to stabilize the currency.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

Madhurawada To Get Drainage, 24x7 Water Supply Under UCF Scheme

Cabinet also clears Rs 29,540 cr for infra, health, schemes

Odisha government will recommend strict action against indian overseas bank-sponsored Odisha Grameen Bank officials following an inquiry into a tribal man carrying his sister's skeletal remains to a branch. Revenue Minister Suresh Pujari stated that bank staff have a responsibility to assist uneducated customers and that shirking this duty is not good governance.

The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.

The platform has officially confirmed that Dhurandhar: The Revenge will stream in India from June 5, with a grand digital premiere on June 4 at 7 PM. While international viewers have been watching the uncensored 'Raw & Undekha' cut on Netflix since May 14, Indian fans are now equally excited about the OTT release.

Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.

Gems & Jewellery Artisans, Traders, Small Retailers, Machinery Manufacturers Among Those Likely To Be Hit

Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quickly to the potential demand impact. Indian equities opened lower amid global concerns.

Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks.

Uday Kotak, founder of Kotak Mahindra Bank, urged India to reduce its reliance on foreign capital and cultivate a robust domestic pool of long-term risk capital for true self-reliance. He emphasized that companies should prioritize building businesses with a three-to-five-year vision over short-term stock price fluctuations, advocating for stronger domestic private equity and venture capital ecosystems.

The BJP has accused Rahul Gandhi of a significant financial discrepancy, alleging his foreign travels over two decades cost approximately Rs 60 crore, far exceeding his declared income. The party questions potential Foreign Contribution Regulation Act and tax law violations, demanding transparency regarding the source of funds for his numerous international trips.

The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

The CBI, in coordination with MEA and MHA, has successfully extradited Kamlesh Parekh from the UAE to India. Parekh is accused of a large-scale banking fraud causing hundreds of crores in losses to a bank consortium led by SBI. He allegedly diverted funds through overseas entities using fraudulent practices.

India successfully repatriated two fugitives, Kamlesh Parekh and Aalok Kumar, from the UAE. Parekh, involved in a Rs 2,672 crore banking fraud, was brought to Kolkata. Kumar, a key figure in a passport forgery racket, was handed over to Haryana police in Mumbai. Both were apprehended following Interpol Red Notices.

Cyber police busted a sophisticated scam ring cloning dozens of WhatsApp accounts on single devices, shipping them to Cambodia for global fraud. Four arrested in Tripura provided SIM cards and technical support for the operation, which defrauded a Mumbai designer of Rs 33.5 lakh. Investigators are pursuing more suspects.

Fuel, gold, edible oil, foreign travel, and fertilisers — how much do they cost India, and how much do they matter right now?