Rupee stabilizes at 83.95 against U.S. Dollar in early trade amid ongoing global market uncertainity
Opening the day at the same level as its previous close, the rupee traded within a narrow band against the dollar.
Reserve Bank of India (RBI)
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Indian private banks maintain positive outlook on loan growth through challenges
The RBI's decision to heighten capital requirements for personal loans, credit cards, and lending to non-banking finance companies (NBFCs) has presented a formidable challenge to banks. However, instead of curbing loan growth, banks have opted to absorb the increased capital requirements.