Page 108 - Finance News

NBFCs should not take risk beyond their absorption capacity, says RBI

Swaminathan emphasises fair lending, recovery practices

Indian households' gold stash outweighs reserves with top 10 central banks

Currently, Indian household gold reserves stand at 25,000 tonnes

Rupee logs best monthly rise in 6 years on strong foreign inflows

Weakens 2.12 per cent in FY25 vs 1.47 per cent in previous financial year

RBI allows banks to charge customers Rs 23 per ATM transaction from May 1

Additionally, the RBI has said the ATM interchange fee will now be decided by the ATM network

Govt faces leadership gaps across key financial regulatory bodies

The applicant should have a minimum of two years of residual service as on the date of vacancy

Truhome Finance raises Rs 870 crore via ECB to fund affordable housing

Structured as a social loan, this facility underscores Truhome's commitment to financial inclusion and sustainable housing finance, it added

RBI raises liquidity limit for standalone primary dealers to Rs 15,000 cr

Reserve Bank of India has decided to increase the aggregate limit made available to the Standalone Primary Dealers

MSME bodies raise critical financing issues before parliamentary committee

"The industry highlighted issues impacting industry access to finance before the Parliamentary Standing Committee on Finance in a session," said a source

Federal Bank to buy additional 4% stake in Ageas Federal Life Insurance

With this, the stake of Federal Bank in Ageas Federal will rise to 30 per cent, from 26 per cent

Interest rates on small savings schemes unchanged for April-June quarter

As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1%

RBI allows banks to raise ATM charges to Rs 23 per withdrawal from May 1

The RBI further said the instructions shall also apply, mutatis mutandis, to transactions done at cash recycler machines (other than for cash deposit transactions)

SBI's C S Setty elected as chairman of Indian Banks' Association

The managing committee of the industry lobby grouping elected Setty, the SBI chairman, to lead the body till the next annual general meeting, as per an official statement

Indian Rupee logs best month in over 6 years; Ends FY25 down 2.5%

The currency has appreciated by 2.39 per cent in March -- the best month since November 2018 -- tracking the fall in the dollar index

India pushes homegrown network to rival Visa, Mastercard in payments

Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India's digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector

RBI mandates banks to conduct special clearing operations on March 31

Income tax offices as well as CGST offices across the country will remain open on March 29 to March 31 despite the weekend and Eid-al-Fitr, which may fall on Monday

Indian Rupee opens stronger at 85.71/$; Set for 2.5% drop in FY25

The domestic currency opened 7 paise stronger at 85.71 against the greenback after closing at 85.79 on Thursday

RBI to meet bankers next week to discuss liquidity management framework

It met economists on Thursday for pre-policy consultation; economists divided over change in stance

5% GST for restaurants with non-specified premises: Finance Ministry

Option of 5% GST without ITC or 18% with ITC to be applicable on restaurant services provided at non-specified premises, clarifies FinMin

Resolution plan binding even if stakeholder not party to NCLT case: SC

Tax authorities issue apology for being in contempt of SC judgment

Banking system net liquidity improves on back of RBI's swap auction

The net liquidity in the banking system was in a deficit of Rs 1.57 trillion on Tuesday, Reserve Bank of India (RBI) data showed