New Delhi: A dip in India’s foreign currency assets resulted in a $4.67 billion decline in the country’s forex reserves to $302.1 billion for the week ended December 16. Foreign currency assets fell by $4.668 billion to $266.968 billion for the week, the RBI said.
ICAI proposes branch-level audit for pvt banks
New Delhi: Private sector banks will have to get their branch accounts audited by an RBI-approved panel along the lines of PSU lenders if a proposal of accounting regulator ICAI goes through.
More banks hike NRE deposit rates
Mumbai: Three more banks have hiked their non-resident external (NRE) deposit offerings. YES Bank and Dena Bank have hiked their offering to 9.6 per cent, while IndusInd Bank upped its NRE deposits to offer a 9.25 per cent rate of return.
Source : indianexpress.com