Page 108 - Finance News

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

Operative Kisan Credit Card loans hit Rs 10 trn, benefiting 77.2 mn farmers

KCC is a banking product that provides farmers with timely and affordable credit for purchasing agricultural inputs such as seeds, fertilisers, and pesticides

India's 10-year bond yield flat as debt supply, rupee decline hurts

Heavy supply from states and the upcoming central government supply also curbed any movement in the longer-duration bond yields

RBI partly dials back strict loan rules for micro credit, non-bank lenders

The reversal of rules follows the central bank's decision to defer proposals to increase the capital that banks set aside for new project loans and liquidity they hold for digital deposits

Amid US tariff threats, rupee falls 47 paise to end at 87.19 against dollar

Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit

Centre considers to revamp bankruptcy laws amid low recovery rates

The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution

Rupee depreciates 16 paise to 86.88 against US dollar in early trade

A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders

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