Page 103 - Finance News
Major issuers to tap bond market to raise over Rs 20K cr in next few days
REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years
 "Major issuers to tap bond market to raise over Rs 20K cr in next few days")
Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's
Funding tightness to abate as loan-to-deposit ratio stabilizes
 "Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's")
India's housing finance struggles with regional disparities, warns NHB
As of 30 September, 2024, individual housing loans outstanding stood at Rs 33.53 lakh crore, reflecting a 14 per cent growth compared to the previous year
 "India's housing finance struggles with regional disparities, warns NHB")
RBI invites application for SRO in account aggregator space by June 15
The complexity necessitates frequent coordination among REs to address various operational issues
 "RBI invites application for SRO in account aggregator space by June 15")
Housing loans outstanding stood at ₹33.53 trillion at Q2FY25: NHB
It further said individual housing loan disbursements during the half year ended September 2024 were Rs 4.10 trillion while disbursements during the year ended March 2024 were Rs 9.07 trillion
 "Housing loans outstanding stood at ₹33.53 trillion at Q2FY25: NHB")
RBI invites applications for self-regulatory body for account aggregators
Launched in September 2016, the account aggregator framework ensures secure financial data sharing; RBI said applicants must apply via the PRAVAAH portal by June 15
 "RBI invites applications for self-regulatory body for account aggregators")
Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar
At the interbank foreign exchange, the rupee opened at 87.24, tumbled to 87.32 and then gained to 87.22 against the greenback in early deals, trading 1 paisa lower from its previous closing level
 "Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar")
Namma Yatri drivers are also early pilots for unified lending interface
The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency
 "Namma Yatri drivers are also early pilots for unified lending interface")
Can GST rate rationalisation make India's tax system truly simple?
The Union government plans to propose GST rate and slab cuts to the GST Council. Can this reform make India's indirect tax system truly simple?
 "Can GST rate rationalisation make India's tax system truly simple?")
RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy
NBFCs may shift funding strategy as RBI eases bank lending norms, reducing risk weight on microfinance loans. Banks are likely to prioritise top-rated NBFCs before expanding credit
India's venture capital funding rises 43% to $13.7 billion in 2024
report noted that the consumer technology, software and SaaS (including generative AI), and fintech sectors attracted over 60 per cent of the total funding
 "India's venture capital funding rises 43% to $13.7 billion in 2024")
RBI asks lenders to widen scope of reporting offshore swap trades
Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products
 "RBI asks lenders to widen scope of reporting offshore swap trades")
Govt may restore merchant charges on UPI, RuPay transactions for big firms
The government is reviewing a proposal to reintroduce merchant discount rates (MDR) on UPI and RuPay transactions for large businesses, aiming to ease the financial strain on banks
 "Govt may restore merchant charges on UPI, RuPay transactions for big firms")
Rupee gains 1 paisa to 87.30 against US dollar during early trade
However, volatile domestic equity markets amid fear of recession in the US and trade-related uncertainties impacted investor sentiment adversely
 "Rupee gains 1 paisa to 87.30 against US dollar during early trade")
RBI may have concerns about my leadership, says IndusInd MD & CEO
Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth
 "RBI may have concerns about my leadership, says IndusInd MD & CEO")
Rupee sees worst fall in 2 weeks to close at 87.34 against US dollar
The Indian unit was the worst-performing Asian currency on Monday. The rupee has depreciated by 4.5 per cent in the current financial year (2024-25)
 "Rupee sees worst fall in 2 weeks to close at 87.34 against US dollar")
RBI will push payment systems innovations with soft touch regulations: Guv
The areas are soft-touch regulations to continue promoting innovation, promote awareness generation, and more efficient cross-border payments
 "RBI will push payment systems innovations with soft touch regulations: Guv")
Irdai lets insurers to undertake transactions in bond forwards for hedging
The Reserve Bank has recently issued directions specifying that any entity, eligible to be classified as a non-retail user shall be eligible to undertake transactions in Bond Forwards
 "Irdai lets insurers to undertake transactions in bond forwards for hedging")
Bank of India to engage advisor for crafting deposit growth plans
The competition for deposits is expected to remain intense as banks focus on increasing deposit growth and prevent it from constraining credit off-take
 "Bank of India to engage advisor for crafting deposit growth plans")
Social media accounts accessed only in search, survey ops: I-T official
The official rejected claims made in some reports and opinion pieces that the tax authorities have been granted additional powers to breach the passwords of electronic records, including email
 "Social media accounts accessed only in search, survey ops: I-T official")