Page 104 - Finance News

Emerging Asian currencies dip with stocks as investors avoid risk

Risk aversion picked up across financial markets on Monday, with investors buying gold, the yen and the Swiss franc due to concerns the period of US economic strength may be ending

Rupee plunges 30 paise to 87.25 against US dollar during early trade

A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit

RBI's rate cut outlook drives investors to bet on Indian bonds gain

After its first easing in five years last month, the Reserve Bank of India may deliver another 25 basis points cut in April, followed by at least one more reduction this year

It would help if MFIs were to get better funding: Sa-Dhan ED & CEO

The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business

Waiting for a fair wind: Shadow bank risks persist despite RBI relief

Consumer credit exposures of commercial banks and NBFCs (excluding housing, education, vehicle loans and loans secured by gold and gold jewellery) still attract a weighting of 125 per cent

Building the bonds of Viksit Bharat: A leap towards India's vision

Budget reforms will redefine the financial system by fostering inclusion, competition, and efficiency. Financial institutions will benefit from enhanced market depth and improved liquidity

CCI's draft conduct rules place restrictions on employee investments

The antitrust watchdog has said that the draft rules are meant to strengthen the regulatory framework governing vigilance administration in the Commission

RBI's buy-sell swap strategy incentivising corporates to raise funds abroad

Firms may tap overseas mkt to raise funds

IndusInd Bank CEO gets 1-year extension, short of board's recommendation

The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said

Insurance cos knock on Irdai door seeking more time to implement Bima-ASBA

The insurance regulator had in mid-February set the March 1 deadline for rollout of the feature, which allows insurers to take a customer's consent and block the premium amount for a period of 14 days

Women's financial inclusion has a North India problem; large states trail

Share of women living in areas underperforming in financial inclusion will only increase over the next decade

Indian firms ramp up long-term FX hedges on rupee swings, cheaper costs

The rise in hedging longer-tenor exposures follows a pickup in shorter duration hedges

Rupee falls 6 paise to 87.18 against US dollar during early trade

However, weakening American currency index and lower level of crude oil prices helped the Indian currency prevent a sharp fall, forex traders said

Why RBI's new Governor Sanjay Malhotra must ease credit, but not too much

Effective April 1, banks will set aside less capital on loans to better-rated nonbanking financial companies

FM launches digital footprint-based credit assessment model for MSMEs

The Finance Ministry statement further noted that the benefits to MSMEs by use of this model includes submission of application from anywhere through online mode, reduced paperwork and branch visit

EPFO 3.0 to rollout soon; will allow funds withdrawal from ATMs: Mandaviya

Speaking after inaugurating EPFO's Office Complex of Telangana Zonal Office and Regional Office here this evening, he said the 'EPFO 3.0 version' will be equivalent to the banking system

Over 30k taxpayers declare foreign assets worth ₹29k cr in CBDT's campaign

24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed belated returns for AY 2024-25, declaring foreign assets worth Rs 29,208 crore and additional foreign income of Rs 1,089.88 crore

GST Council revamps GoM for sector-specific tax policy suggestions

As per the expanded ToR, the GoM would analyse the state-wise revenue collection trend, including the identification of revenue patterns across sectors and regions

Ranya Rao gold smuggling controversy: What India's customs rules say

Kannada actress Ranya Rao was caught smuggling gold at Bengaluru Airport. Here's a look at India's customs rules on gold, cash limits, and penalties under the Customs Act of 1962

RBI set to ask lenders to tighten gold loan processes, monitor fund usage

The Reserve Bank of India wants banks and non-banks to also bolster background checks on borrowers and ascertain the ownership of the gold that is being mortgaged