foreign investment
Business Finance

NRIs Pour $127 Billion Into RBI Dollar Scheme

By BPN News Desk
India’s special dollar-rupee swap facility has attracted about $136 billion in foreign currency inflows, with non-resident Indian deposits contributing $127 billion, according to provisional figures. The mobilisation has significantly exceeded expectations and strengthened the Reserve Bank of India’s foreign-exchange buffers. NRI Deposits Bring $127 Billion Into India
HDFC
Business Finance

HDFC Bank CEO Sashidhar Jagdishan to Step Down

By BPN News Desk
HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan will step down when his current term ends on October 26, 2026, after deciding not to seek reappointment. The move begins a major leadership transition at India’s largest private-sector lender. Sashidhar Jagdishan to Leave HDFC Bank in October Jagdishan had been widely expected to seek […]
RBI
Business Finance

RBI Eases Dollar Swap Rules for Banks

By BPN News Desk
The Reserve Bank of India has given banks greater flexibility to swap dollars raised from non-resident Indian deposits, allowing large transactions outside their designated weekly window. The move comes ahead of the August 31 deadline for a special deposit scheme that has attracted more than $65 billion. RBI Eases Dollar-Rupee Swap Rules for Banks Banks […]
RBI
Business Finance

RBI Likely to Hold Repo Rate at 5.25%

By BPN News Desk
The Reserve Bank of India is widely expected to keep the repo rate unchanged at 5.25% in its August monetary policy review as policymakers assess rising inflation risks, global uncertainty and recent pressure on the rupee. RBI Repo Rate Likely Unchanged The Monetary Policy Committee is expected to continue its neutral policy stance after keeping […]
GST
Business Finance

AI Helps Detect ₹74,782 Crore GST Fraud

By BPN News Desk
The Central government detected fake Input Tax Credit claims worth ₹74,782 crore across 30,162 cases during FY26, Parliament was informed. Authorities attributed the sharp increase to stronger artificial intelligence tools, data analytics and invoice-level verification rather than solely to a rise in GST fraud. GST Fraud Detection Rises Sharply The value of fraudulent ITC
HDFC
Business Finance

HDFC Bank Fines CEO, CFO in MSRDC Case

By BPN News Desk
Saved. Sources will remain fully hidden in this chat unless attribution is essential for an exclusive report. HDFC Bank has imposed a penalty of ₹1 lakh each on three senior executives, including its managing director and chief executive officer, following an internal review of deposit-related arrangements involving the Maharashtra State Road Development Corporation. HDFC
idfc
Business Finance

IDFC FIRST Bank Clears ₹20,000 Crore Raise

By BPN News Desk
IDFC FIRST Bank’s board has approved an enabling proposal to raise up to ₹20,000 crore through equity and debt instruments, providing the lender with greater flexibility to support growth and maintain capital adequacy. IDFC FIRST Bank Fundraising Plan The private-sector lender plans to raise up to ₹7,500 crore through equity securities. The capital may be […]