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02.05.26 - 04:12
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Banks should get more active in offshore rupee trade: RBI (Times of India)
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RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers, aiming to bring rupee price discovery onshore. This move seeks to counter offshore non-deliverable forward markets' influence on the rupee and reduce arbitrage. Malhotra also highlighted the need for improved liquidity in government securities and expanded access to the FX retail platform for fair customer deals....
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01.05.26 - 05:00
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′Green shoots′ appear in China property as banks turn bullish after 5-year bear market (SCMP)
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As China's bear housing market enters its fifth year, a growing number of global investment bank analysts and property agents are increasingly optimistic on the sector, underscoring a positive view on its outlook fuelled by upbeat data in April.
Bank of America holds a positive stance on the sector and believes the “green shoots” of a recovery are visible, it said in a report issued in late April. After five consecutive years of weakness, the bank said “market recovery sustainability is becoming......
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01.05.26 - 04:18
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State-run banks hire over 50,000 in FY26, a rise of 33% (Times of India)
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Public sector banks significantly boosted their workforce in the last financial year, hiring 50,552 employees, a 33% increase from the previous year. This enhanced recruitment aims to strengthen operational capacity, alleviate workload, and improve customer service across state-run lenders....
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