Page 107 - Finance News

Flows in NRI deposits up 43% to $13.33 bn in April-December 2024: RBI

The total outstanding NRI deposits as of the end of December 2024 stood at $161.8 billion, the latest data released by RBI showed

Outward remittances under LRS drop 10% to $22.82 bn in 9MFY25: RBI

Outflows under the scheme were impacted by deposits, maintenance of close relatives, and the international travel segment, among others

RBI article signals economic momentum rise in H2FY25 amid strong demand

The central bank said the views expressed in the article are of the authors and do not represent the views of the Reserve Bank of India

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Weighted moves: RBI's shock therapy restores stability to the forex market

The Indian currency's rapid fall from 85 to 86 in just 16 days, and from 86 to 87 in another 15 days, highlights the volatility in the foreign-exchange market during those months

RBI launches 'RBIDATA' app to offer access to economic, financial data

The mobile app offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format

Supreme Court seeks govt response on NFRA's 'division of functions'

The HC order of February 7 quashed show-cause notices issued by the auditing standards watchdog to audit firms, including Deloitte Haskins & Sells LLP and SRBC & Co LLP

Govt bond yields a tad down, traders stay put before key triggers

The benchmark 10-year yield was at 6.6859%, compared with its previous close of 6.6930%. Indian debt and foreign exchange markets are shut on Wednesday for a local holiday

Rupee declines 10 paise to close at 86.98 against dollar amid rise in crude

Elevated interbank dollar demand due to the maturity of positions in the NDF market weighed on the rupee alongside likely outflows from local stocks

Rupee falls 8 paise to 86.96 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 86.94 then fell further to 86.96 against the American currency, registering a decline of 8 paise over its previous close

Deposit insurance cover may increase from Rs 5 lakh: DFS secy Nagaraju

Currently, deposits of up to ₹5 lakh are covered under the deposit-insurance scheme of Deposit Insurance and Credit Guarantee Corporation

India delivering 'good returns': FM Nirmala Sitharaman on FII selloff

We are building to be an investor-friendly country, says FM

Entire claims settled by deposit insurer was for co-op banks in FY24

Over 90% of the insured are co-op banks

Tata Capital to issue green bonds, NCDs to raise Rs 15,000 crore

Tata Capital, which is facing the Reserve Bank of India's (RBI's) deadline to get its shares listed by September this year, will use the proceeds for on-lending purposes and business operations

SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers

The primary objective for establishing 'Special Window' fund is to provide priority debt financing for completion of stalled housing projects that are in Affordable and Middle Income Housing sector

Experts intrigued by inclusion of electoral bonds in new Income-Tax Bill

Electoral bonds have been mentioned in the new Income Tax Bill's Schedule VIII which deals with 'Income not to be included in the total income of political parties and electoral trusts'

ICSI, ICMAI demand expansion of accountant's definition in I-T Bill

Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICMAI), both set up under Acts of Parliament, have demanded that their members be treated as accountant

Fintechs look beyond traditional means to scale up presence of e₹

More non-bank payment system operators are expected to join the bandwagon to extend the e₹

RBI curbs on New India Co-op Bank: Deposit insurance offers silver lining

Customers pin hopes on Rs 5 lakh insurance payout as RBI freezes withdrawals

PSU NBFCs reissue bonds in Feb as fundraising limit reached for FY25

Each security is assigned a unique number called ISIN (International Securities Identification Number) at the time of issuance to avoid any misunderstanding among traders