RSS Feed
Twitter
8:10 AM
Blogger
The government has allowed the Reserve Bank of India to print two billion polymer notes. These new polymer notes will be printed for field trials and regular issuance. The minister stated that paper and polymer currency will coexist in circulation. RBI is currently sourcing materials for these polymer banknotes. This initiative aims to enhance the lifespan of currency in circulation.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7ovz9lK
HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India.
The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses.
Analysts anticipate the Indian rupee entering a stable phase soon. Global crude oil prices will continue to significantly influence the currency's movement. Sustained high oil prices may increase inflation and widen India's current account deficit. However, a steep depreciation in the rupee is not expected by experts. The Reserve Bank of India's monetary policy meeting in August is also a key event.
Stock market recommendations: Federal Bank, and TVS Motors - Motilal Oswal Wealth Management Research Desk has recommended these two stocks as the top stock picks for the July 27, 2026 week:
