Topic
financial
Business India’s Foreign Reserves Rise by $963 Million to Over $672 Billion, RBI Data Shows
India's foreign exchange reserves rose by $963 million to over $672 billion in the week ended June 19, driven by a $4.1 billion increase in gold reserves, according to Reserve Bank of India data. In contrast, foreign currency assets declined by $3.07 billion, while SDRs and IMF reserve positions also fell.
Finance RBI Allows Overseas Branches to Lend to NRIs for FCNR(B) Deposits, Boosts Foreign Capital Inflows
The Reserve Bank of India has revamped the FCNR(B) scheme, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits, while eliminating currency and credit risks via a swap window and standby letters of credit. The move is expected to boost NRI deposits with attractive fixed rates of 6-7% and leverage potential for double-digit returns.
New Multi-Agent AI Pipeline Delivers Auditable Financial Chart QA with On-Premise Deployment
A new multi-agent AI pipeline called AgentFinVQA enables auditable financial chart question answering with on-premise deployment, improving accuracy by up to 7.68 percentage points over baselines and providing a verifier-based confidence signal for human-in-the-loop review. The system records every step in a traceable Model Evaluation Packet.
Finance Credit Surges 17.7% as Deposit Slowdown Widens Funding Gap
Bank credit in India surged 17.7% year-on-year by May 31, 2026, the strongest since June 2024, while deposits declined by Rs 2.3 lakh crore since March 31, widening the funding gap to Rs 3.8 lakh crore. The credit-deposit ratio rose to 82.8%, squeezing bank liquidity and prompting adjustments in government securities holdings.