Page 108 - Finance News

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

Govt seeks merchant bankers for stake sale in PSBs, financial institutions

The merchant bankers can apply for empanelment with DIPAM under two categories, depending upon the capacity of the bidders in handling the capital market transactions

Rupee dips 4 paise to 86.72 amid falling equities, rising crude prices

At the interbank foreign exchange, the local unit opened at 86.58, went up 10 paise from Friday's close of 86.68, but gave way through the session

Manufacturing slump prompted Feb rate cut, says RBI MPC member Kumar

He said there was a concern about the weaknesses of the manufacturing sector, which is important for job creation, due to subdued urban consumption and slow growth of private investments

Rupee appreciates 1 paisa to 86.67 against US dollar in early trade

However, a sharp fall in the domestic equity markets in morning trade, a decline in the country's forex reserves and sustained FII outflows prevented further gains, forex traders said

Banks' deposit insurance hike may be on the anvil amid periodic review

Should deposit insurance revisits be episodic? Like after the collapse of Bank of Karad in 1992 and the Punjab and Maharashtra Cooperative Bank fiasco in 2019

MPC minutes: Repo rate was cut as inflation aligning with target, says Guv

Members said it was MPC's turn to do its bit after Budget booster

Reserve Bank of India for foreclosure of biz loans to MSEs, individuals

The RBI has invited comments and feedback from stakeholders and the public on the draft circular by March 21

RBI likely to hold fresh talks on project financing in three months

Last year in May 2024, RBI released a draft direction outlining the prudential framework for project loan financing