Gold loans stand out again, account for 13% of incremental bank credit MUMBAI: Gold loans continued to drive retail borrowing, accounting for more than a third of the incremental bank credit to the retail segment during the first four months of FY27 (April–July 2026).According to the latest Reserve Bank of India (RBI) data on the…

India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI MUMBAI: The country’s foreign exchange reserves rose by $12.4 billion in the week ended Aug 21, to an all-time high of $729.3 billion, driven largely by non-resident deposits drawn through a special scheme under which RBI took over the…

The approval rate for EB-1A, the US green card category meant for individuals with extraordinary ability, has dropped sharply in FY26. In a big hit for Indian techies, the approval rate for the visa that is one of the routes to US green cards has seen a sharp drop. The approval rate for Indian applicants…

The jump comes amid strong inflows under the RBI’s forex swap measures, which have attracted over $40 billion since June. India’s foreign exchange reserves rose by $14.136 billion to $707.002 billion in the week ended August 7, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had increased by $10.512…