Page 106 - Finance News

Reserve Bank of India issues norms for forward contracts in G-secs

Aims to assist long-term investors in managing cash flows

Cube Highways raises Rs 600 cr via issuance of non-convertible debentures

The issuance saw participation from banks, insurance companies and development financial institutions, Cube Highways Trust said in a statement

DRI busts seven counterfeit currency modules across multiple states

Seized items included laptops, printers, pen drives, security paper, A-4 sized papers and butter paper with watermark of Mahatma Gandhi etc

RBI announces mega $10 billion FX swap to infuse rupee liquidity

The RBI will conduct the buy/sell swap on February 28

RBI must infuse Rs 1 trillion by March to ease bank liquidity gap: Analysts

Since mid-January, the Reserve Bank of India has infused funds to counter a sharp decline in liquidity caused by its aggressive intervention in the foreign exchange market, among other factors

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Bank of India reports Rs 226.84 cr loan fraud by Gupta Power Infrastructure

The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud, BoI said in a regulatory filing

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore

The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal

Adani Green Energy in talks with PFC to restructure $1.1 bn loan in rupees

The proposed fundraising comes after Adani Green Energy scrapped a $600 million dollar bond amid the US probe against founder Adani and and his nephew, Sagar Adani

Rupee rises 14 paise to 86.50 against US dollar during early trade

Forex traders said rupee is expected to trade with a slight negative bias on weak domestic equities and foreign fund outflows

RBI weighs some relief for New India Co-op Bank depositors: Report

The RBI, along with the lender's administrator, will require depositors to prove the emergency, one of the sources said

Net ECB borrowings up threefold to $15.6 billion in April-December 2024

According to Reserve Bank of India (RBI) data, gross disbursements to Indian entities through the ECB route rose to $36.6 billion in April-December 2024, up from $26.1 billion in April-December 2023

FinMin to meet heads of PSBs on Mar 4, to review financial performance

The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju

After Tuesday fall, rupee rises 33 paise to close at 86.65 against dollar

At the interbank foreign exchange, the rupee opened at 86.88 and touched the high of 86.58 and a low of 86.88 against the greenback during intraday

Govt extends Chief Economic Adviser Nageswaran's term until March 2027

Nageswaran was appointed to the position in 2022 and has also served as a part-time member of the economic advisory council to the prime minister from 2019 to 2021

Rupee performed well due to strong forex reserves, says Piyush Goyal

He also said that a skill development centre and a startup incubation centre will come up at AURIC

Google Pay begins charging fee for bill payments via credit, debit cards

The newly introduced fee ranges from 0.5 per cent to 1 per cent of the transaction value, in addition to the applicable GST

Rupee appreciates 19 paise to 86.79 against US dollar in early trade

Forex traders said there is a negative bias for the USD/INR pair amid a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments

Citi India to buy $1 bn of asset-backed securities amid slow deposit growth

Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure