Page 109 - Finance News

Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels

The bank had also entered into an agreement with GO-VNM for making available to the latter, India supported LoC of $120 million for procurement of high-speed guard boats

New Income Tax Bill tabled in LS: Here's what's changing & what's not

If passed, the new Income Tax Bill, 2025 will replace the Income Tax Act of 1961 and come into effect on April 1, 2026

Liquidity easing to moderate pressure on banks' net interest margins: Fitch

The Indian banking sector's NIM remains healthy at 3.5 per cent as of the first half of FY25, although it has declined from about 3.6 per cent in FY24, partly due to the upward repricing of deposits

RBI allows Temasek subsidiary to raise stake in AU Small Finance Bank

Zulia Investments holds 1.37% stake in India's largest small finance bank

Banks' margins to take 10 bps hit in FY26 due to rate cuts: Fitch Ratings

Last week, the RBI started its rate-cutting cycle by lowering its key policy rate by 25 bps to 6.25 per cent and said it would be watchful and proactive with liquidity measures

Rupee set for losses as RBI focuses on monetary easing, rising volatility

The rupee's recent gyrations mark a departure from its stability in the past two years, and the moves are testing new central bank chief Sanjay Malhotra's tolerance in dealing with swings

RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers

In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems

Income Tax Bill 2025 to replace 1961 Act, introduces concept of 'tax year'

Deductions from salaries, such as standard deduction, gratuity, and leave encashment, have now been consolidated in one section instead of being scattered across various sections

PE/VC investments in India off to a strong start in 2025: EY IVCA report

The report highlights a favourable macroeconomic environment, strong fiscal health, and stable government policies as key drivers of India's PE/VC ecosystem

Govt lists Income-Tax Bill, 2025 for introduction in Lok Sabha on Feb 13

The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and explanation

RBI to conduct 49-day variable rate repo for Rs 75k cr to boost liquidity

The Reserve Bank of India will conduct a 49-day variable rate repo for Rs 75,000 crore ($8.63 billion) on Friday, it said after market hours

NIIF plans to raise $2 billion private credit fund, India's largest so far

The fund will focus on performing credit, aiming to channel international capital into the Indian economy

Income-Tax Bill, 2025 to be tabled in Parl: New tax slabs, reforms & more

New tax bill to be presented tomorrow, Feb 13: If passed, it will replace the six-decade-old Income Tax Act of 1961. Here are the highlights of the new Income Tax Bill

Rupee rises 27 paise to 86.52 against US dollar during early trade

However, rupee's gain was capped by the volatile domestic equity markets, outflow of foreign funds and strengthening American currency

Deposit rates drop more in easing phase, lending rates rise in tightening

RBI data suggest that during the tightening period, the transmission on fresh deposits and loans was higher for state-owned banks than for private sector banks

FAR securities attract Rs 75k cr foreign inflows since JP Morgan inclusion

Foreign investors had net bought Rs 14,430 crore worth of FAR securities in January

Ahead of Modi-Trump meet, rupee logs biggest single-day gain in 2 years

RBI sells $12 bn in 2 days to lift rupee

Amid hardening of yields, REC and IIFCL do not raise full quantum

REC raised Rs 2,595 crore at 7.28%; IIFCL raises Rs 1,040 crore at 7.56%

SFBs' Q3 profits erode due to interest cost pressures, uptick in slippages

Bad loans grow sequentially and annually

Net direct tax kitty swells 14.7% to Rs 17.78 trillion till Feb 10

As per the data released by the Central Board of Direct Taxes (CBDT), mop up from net non-corporate taxes, which include mainly personal income tax, grew 21 per cent year-on-year to about Rs 9.48 trn