Page 101 - Finance News

UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

He said that the UCBs must maintain high standards of customer service to build and retain trust

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

Urban co-op banks must be mindful of trust reposed by depositors: RBI Guv

RBI Governor Sanjay Malhotra advised the UCBs to ensure that they remain operationally resilient, including against IT and cyber-related risks

NPCI's international arm partners with Singapore firm to expand UPI

UPI services will be expanded to more than 12,000 merchants in Singapore

Indian Rupee strengthens by 13 paise, rises for sixth-straight day

The domestic currency ended 13 paise stronger at 86.44 against the greenback after closing at 86.57 on Tuesday

RBI 'passively' absorbing dollar inflows over past sessions, say traders

Inflows related to inter-company borrowings and repatriation of corporate profits are usual in March, the last month of the financial year

Rupee falls 10 paise to 86.66 against US dollar during early trade

Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in domestic equity markets

Indian Rupee snaps five-day gains, opens 8 paise weak as Dollar strengthens

The domestic currency opened 8 paise slower at 86.65 against the US Dollar

S&P upgrades ratings for Shriram Finance, Muthoot & Sammaan Capital

Regulatory oversight led to more financial stability for NBFCs

Income-Tax Bill expands scope of AMT, increasing tax burden on LLPs

Special treatment of LTCG is proposed to be removed

The rise and rise of customer complaints: Which states rank the highest?

According to the RBI data, during 2023-24, the Centralised Receipt and Processing Centre and Offices of Reserve Bank of India Ombudsman (ORBIOs) received 934,000 complaints

Rupee hits six-week high; RBI announces fresh OMO to ease liquidity crunch

The local currency strengthened by 23 paise to settle at 86.57 per dollar, against the previous close of 86.80 per dollar

Income Tax Bill 2025: Centre seeks public input on bill, launches eportal

The new income tax bill seeks to modernise the tax system by simplifying it and ensuring greater transparency

RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade

The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K

Indian Rupee logs longest winning streak in six months amid Dollar weakness

The Rupee extended its gains to 1.08 per cent in March after seeing five consecutive months of decline

Barclays PLC to invest Rs 2,300 crore in India to support business growth

The capital infusion will enable the bank to expand its reach to a wider client base, including corporate and financial sponsor clients and ultra-high-net-worth individuals in India

Soon, merchants may lose option to request 'collect' UPI payments

Authorities are now favouring 'push' transactions, where customers initiate payments by scanning QR codes or using other secure methods

Rupee rises 10 paise to 86.71 against US dollar during early trade

Forex traders said the sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns

Indian Rupee opens strong at 86.76/$ despite persistent FPI selling

The Reserve Bank of India (RBI) was a major dollar buyer yesterday, keeping the currency well within a range, while foreign Banks were major sellers

Rupee strengthens for third consecutive day as dollar continues to weaken

Traders now eye the US Federal Reserve meeting outcome for further cues on dollar movement, said dealers