Coimbatore engineering student beaten to death; five college mates detained

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system….

Sudhir Sitapati’s resignation came three days after shareholders approved his reappointment; CFO Aasif Malbari will take over as managing director and CEO for five years.

Moody’s affirms Harbour Energy rating on debt reduction