Page 105 - Finance News

Banks continue to rely on certificates of deposits amid liquidity woes

Outstanding amount on CDs hits all-time high of Rs 5.19 trillion as of fortnight ending February 7

RBI draft norms on foreclosure charges to hit lenders' profits: Analysts

The hit on non-banking financial companies (NBFCs) would be larger compared to banks, they said

Credit card spending rises by 10.8% to Rs 1.84 trn in Jan 2025: RBI data

Per card spending in the industry stood at Rs 16,910, up 1.09 per cent from the same period last year

Centre kickstarts process for stake sale in PSBs and listed PFIs

According to the government's disinvestment strategy, five public-sector lenders are required to reduce their government stakes to below 75%

Flipkart-backed super.money acquires checkout financing platform BharatX

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands

India short bond yields dip as RBI's liquidity infusion plan aids sentiment

The Reserve Bank of India cut the repo rate for the first time in nearly five years at this meeting, and the commentary in the minutes has opened up space for another rate action in April

Govt seeks merchant bankers for stake sale in PSBs, financial institutions

The merchant bankers can apply for empanelment with DIPAM under two categories, depending upon the capacity of the bidders in handling the capital market transactions

Rupee dips 4 paise to 86.72 amid falling equities, rising crude prices

At the interbank foreign exchange, the local unit opened at 86.58, went up 10 paise from Friday's close of 86.68, but gave way through the session

Manufacturing slump prompted Feb rate cut, says RBI MPC member Kumar

He said there was a concern about the weaknesses of the manufacturing sector, which is important for job creation, due to subdued urban consumption and slow growth of private investments

Rupee appreciates 1 paisa to 86.67 against US dollar in early trade

However, a sharp fall in the domestic equity markets in morning trade, a decline in the country's forex reserves and sustained FII outflows prevented further gains, forex traders said

Banks' deposit insurance hike may be on the anvil amid periodic review

Should deposit insurance revisits be episodic? Like after the collapse of Bank of Karad in 1992 and the Punjab and Maharashtra Cooperative Bank fiasco in 2019

MPC minutes: Repo rate was cut as inflation aligning with target, says Guv

Members said it was MPC's turn to do its bit after Budget booster

Reserve Bank of India for foreclosure of biz loans to MSEs, individuals

The RBI has invited comments and feedback from stakeholders and the public on the draft circular by March 21

RBI likely to hold fresh talks on project financing in three months

Last year in May 2024, RBI released a draft direction outlining the prudential framework for project loan financing

India critical pillar in our global advisory biz, says Rothschild & Co

Rothschild, which set up its India presence in 1999 with a small team, focused on privatisation and cross-border deals, has expanded to 30 bankers covering all sectors

Bank credit and deposits growth decelerate in third quarter, shows RBI data

Personal loans, which have large share (31.5 per cent) in total credit, recorded moderation in annual growth to 13.7 per cent (15.2 per cent a quarter ago), according to RBI's data

Flexible part of inflation targeting worked well: MPC's Bhattacharya

FIT more effective than multiple indicators framework

RBI imposes penalty on Citibank, Asirvad Micro Finance, JM Fin Home Loans

The action was based on supervisory findings following a statutory inspection of the companies for their financial position as of March 31, 2023

Co-Op bank embezzlement case: 3 accused remanded in EOW custody till Feb 28

The EOW had earlier arrested Hitesh Mehta and developer Dharmesh Paun in the case

Code of conduct must for freebies: Ex-RBI governor Duvvuri Subbarao

He said that although some people live at subsistence levels and the government must provide certain safeguards, there should be a limit on such provisions