India’s bank liquidity surplus hits all-time high riding flood of dollar deposits

India’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in September 2021. The sharp increase follows Indian banks raising $127.23 billion through non-resident foreign-currency deposits under the RBI’s scheme, with most funds swapped into rupees. The liquidity glut could complicate RBI management of overnight rates…

Bharat NCAP 2 to roll out from October 2027, entire vehicle safety chain to be assessed: Nitin Gadkari

India will enhance vehicle safety assessments with Bharat NCAP 2 starting October 2027. This program will evaluate the entire vehicle safety chain to address accident rates. Driving behavior will also become a key part of road safety regulations. Repeated safety rule violations could lead to driving license cancellation. Responsible drivers will receive incentives and other…

Supreme Court dismisses Sebi’s plea against NSE: Report

In a pivotal ruling, India’s supreme court has dismissed the regulatory challenges raised by market authorities against the National Stock Exchange. This verdict eliminates a major hurdle for the exchange’s initial public offering, addressing previous controversies over co-location and dark fibre allegations. CNBC TV-18 provided coverage of this significant development on Thursday, paving the way…