Page 109 - Finance News

Parl panel flags non-contribution by pvt sector employers in employees' PF

The observation was recorded by the Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice in its 146th report, tabled in Parliament on Thursday

Indian Rupee ends weaker at 85.79/$ as dollar gains on Trump's auto tariffs

The domestic currency ended 7 paise weaker at 85.79 against the greenback after closing at 85.71 on Wednesday

RBI to cut rates again on April 9, one more expected in August: Poll

With inflation in India easing to a seven-month low of 3.61 per cent in February and the economy forecast to grow at 6.4 per cent this fiscal year

I-T dept offices to stay open March 29-31 for year-end tax filings: CBDT

The Income tax department offices across the country will remain open despite the weekend and Eid-al-Fitr which may fall on Monday

RBI to raise foreign individual investment cap in listed firms to 10%

Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of US tariffs, have pulled more than $28 billion out of Indian stocks

RBI to meet bankers next week to discuss changes in liquidity framework

Reserve Bank of India is scheduled to meet bank economists on April 3 to take feedback on proposed revisions

RBI Guv Sanjay Malhotra raises rate cut hopes with growth-focused policy

Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system

Retail credit growth moderated for NTC customers in December qtr: Report

Consumption-led products are defined as credit cards, personal loans, and consumer durable loans

3-month T-bill cutoff set higher than 1-year, inverses yield curve

The cutoff yield on 3-month T-bill was set 1 bps higher due to tepid demand from mutual funds, said dealers

MobiKwik to enter stock broking business, incorporates new subsidiary

The company plans to become a member of various stock and commodity exchanges in the country and abroad

No major lapses found in gold loan portfolios of PSBs after audit: FM

Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote

UPI faces outage, NPCI reports intermittent technical issues with network

Third-party apps said that they raised the issue with NPCI after the initial outages were reported on their app

NPLs in microfinance segment to peak by FY26 end: S&P Global Ratings

India's poorest borrowers have leveraged up in the past few years in response to easing microfinance rules

Regulations should safeguard, not stifle: RBI Governor Sanjay Malhotra

Important to make financial systems secure, need to be mindful of not stifling investments

RBI allows standalone primary dealers to participate in all repo operations

Earlier, SPDs were permitted to participate in all overnight liquidity management operations, excluding the Marginal Standing Facility

IRFC, IIFCL raise funds through long term bonds at attractive coupon rates

While IRFC raised Rs 3,000 crore through 10-year bonds at a coupon rate of 7.17 per cent, IIFCL raised Rs 1,000 crore through 7-year bonds at 7.28 per cent

MDR demand gains momentum as industry bodies rally behind proposal

MDR refers to a fee that merchants pay banks or companies (fintech) processing payments for executing a transaction

Indian Rupee ends 5 paise stronger at 85.72/$, gains after one-day dip

The domestic currency ended 5 paise stronger at 85.72 against the greenback after closing at 85.77 on Tuesday

Regulations must not create unintended barriers to financial inclusion: Guv

Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra

BOI's first dollar loan deal in over a decade raises $400 mn, woos 22 banks

The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff