Page 105 - Finance News
Rupee falls 5 paise to 87.11 against US dollar during early trade
The local currency found support initially amid the US move to delay implementation of higher tariffs on Canada and Mexico, forex traders said
 "Rupee falls 5 paise to 87.11 against US dollar during early trade")
RBI announces Rs 1 trn bond buy, $10 bn $-Re swap to infuse liquidity
The central bank announced open market operations (OMO) auctions to purchase government securities worth Rs 1 trillion in two tranches of Rs 50,000 crore each on March 12 and March 18
 "RBI announces Rs 1 trn bond buy, $10 bn $-Re swap to infuse liquidity")
RBI-Fintech meet: Malhotra emphasises on need for ensuring compliance
He also emphasised that the RBI values such interactions with ecosystem participants and would continue to adopt a consultative approach
 "RBI-Fintech meet: Malhotra emphasises on need for ensuring compliance")
CAG Murthy, Arvind Panagariya hold consultation on public finance, revenue
The Union, the states, local bodies and the PSEs are under the audit of the CAG
 "CAG Murthy, Arvind Panagariya hold consultation on public finance, revenue")
Deposit insurance cover hike may dent banks' net profit up to Rs 12K cr
While the proposed increase in the deposit insurance limit is not known, under various scenarios, the insured deposit ratio (IDR) may increase to 47.0-66.5 per cent
 "Deposit insurance cover hike may dent banks' net profit up to Rs 12K cr")
Securitisation volumes likely to touch Rs 60,000 crore mark in Q4FY25
The volumes are typically higher in Q4 because many banks are interested in acquiring PSL assets to meet regulatory norms, apart from the pickup of microfinance disbursements
Rupee records highest single day gain in three weeks; settles at 86.96
The dollar index dropped 0.6 per cent to 104.9, its lowest level since November 2024, amid concerns over the US growth outlook and uncertainty about the impact of trade tariffs on growth and inflation
 "Rupee records highest single day gain in three weeks; settles at 86.96")
Individual housing finance market to grow to Rs 77-81 trn by FY30: Report
The residential properties market remains buoyant, a key driver of the housing finance industry, with an absolute growth of 74 per cent since calendar year (CY) 2019
 "Individual housing finance market to grow to Rs 77-81 trn by FY30: Report")
Reserve Bank appoints Ajit Ratnakar Joshi as new executive director
Ajit Ratnakar Joshi was serving as Principal Adviser in Department of Statistics and Information Management
 "Reserve Bank appoints Ajit Ratnakar Joshi as new executive director")
RBI advises NBFCs to curb perpetual credit lines over risk concerns
The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products
Rupee rises 9 paise to 87.10 against US dollar during early trade
Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets
 "Rupee rises 9 paise to 87.10 against US dollar during early trade")
Economists expect 25 bps rate cut in April meeting to support growth
Net liquidity in the banking system was in a deficit of Rs 1.09 trillion as of Monday, according to the latest data by RBI
 "Economists expect 25 bps rate cut in April meeting to support growth")
State bond yields harden on heavy supply and weak investor demand
14 states raised Rs 50,500 crore through bonds at the auction
 "State bond yields harden on heavy supply and weak investor demand")
Investments from Indian diaspora in GIFT City funds surpass $7 bn: IFSCA
Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday.
 "Investments from Indian diaspora in GIFT City funds surpass $7 bn: IFSCA")
Rupee falls 8 paise to 87.40 against US dollar during early trade
Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux
Deposit insurance demystified: Exploring the future of bank deposit safety
From a risk perspective, it is better to spread your deposits across multiple banks, given the extent of the current deposit cover
 "Deposit insurance demystified: Exploring the future of bank deposit safety")
Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr
ARCIL's bid translates into a recovery of 9% for the lender
 "Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr")
RBL Bank appoints Agrawal as president of branch banking, Pari as COO
Agrawal has over 25 years of experience across deposits, lending, distribution and payments
 "RBL Bank appoints Agrawal as president of branch banking, Pari as COO")
Haryana's GST collection increases by 20% to Rs 9,925 crore in Feb
Haryana remains among the top five states in the country in GST collection along with Maharashtra, Karnataka, Gujarat and Tamil Nadu
 "Haryana's GST collection increases by 20% to Rs 9,925 crore in Feb")
What are capital gains tax: Are they the Indian govt's 'biggest mistake'?
Decoded: What is capital gains tax, how do India's rules compare to global standards, and why is it causing investor concerns?
 "What are capital gains tax: Are they the Indian govt's 'biggest mistake'?")