Page 107 - Finance News

CII's legal committee pushes for appellate body for financial sector

The legal committee wants all financial regulators, including the RBI, to be under the ambit of the new body

Rupee falls 19 paise to 87.37 against US dollar during early trade

Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux

UPI transactions in Jan surpass 16.99 billion, value exceeds Rs 23.48 trn

For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement

BS Manthan: Audit quality has improved in past few years, says NFRA chief

He further added that the regulatory body is not passing disciplinary orders in abundance and is instead focussing on inspections

Moderation in inflation creates policy space for RBI to cut rates: NCAER

Earlier this month, RBI slashed policy repo rate by 25 basis points to 6.25 per cent. The next monetary policy committee meeting is to be held in April

IMF keeps India's 'stabilised' exchange rate classification through 2024

The IMF had first moved to the "stabilised" classification for India from "floating" in December 2023

India 10-yr bond yield to slip to 6.45% by Apr on rate cut: BofA executive

The premium of the 10-year India bond yield over the policy repo rate should not be more than 45-50 basis points, Jain said, adding the bank likes the "front-end of the yield curve"

Rupee falls 22 paise to 87.41 against US dollar in early trade today

Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar

After crossing Rs 8 trn, SBI aims Rs 10 trn home loan book by Mar'27: Setty

SBI's home loan portfolio grew by 14.26 per cent year-on-year (Y-o-Y) to Rs 7.92 trillion as of December 2024

RBI's risk weights seen as macro prudential step to support economic growth

This move will free up Rs 40,000 crore capital for banks translating into Rs 4 trillion additional loanable funds

Bridgetown Research secures $19 m to scale AI-Powered biz research agents

The company is developing AI-powered agents for business research and analysis, targeting private equity, consulting, and corporate strategy companies

India's venture capital funding jumps 70% in January, outpaces China

Notable VC funding deals announced in India during the first month of the year include fundraising by building materials platform Infra

Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN

The average loan amount disbursed per account during the third quarter was Rs 51,691 crore

40,000 taxpayers under lens for deductions, CBDT targets TDS defaulters

The focus will be on habitual violators, cases showing significant gaps between tax deductions and advance tax payments, instances involving frequent revisions to deductee details

Big-ticket issuers rush to debt market despite rising corporate bond yields

State-owned firms look to raise Rs 30,000 crore via bonds in coming days

Reserve Bank of India frees up bank capital with NBFC risk weight rollback

Following the increase in risk weights, bank loan growth to shadow banks fell sharply

Centre readies plan to sell up to 20% in five public-sector banks

Govt may consider both OFS and QIP routes for diluting its stake

FinMin defers performance review meeting with heads of PSU banks to Mar 5

The 12 PSBs have posted highest-ever net profit of Rs 1.29 trillion in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent

Microfinance loan book shrinks 3.5% to Rs 3.85 trillion in Dec quarter

Share of overdue loans shoots to 6.4%

Cracks in co-ops? Irregularities persist in UCBs despite RBI interventions

RBI's initiatives to promote sound governance practices in UCBs include introducing a four-tiered regulatory framework, direct engagement with directors on UCB boards