Page 109 - Finance News

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

India critical pillar in our global advisory biz, says Rothschild & Co

Rothschild, which set up its India presence in 1999 with a small team, focused on privatisation and cross-border deals, has expanded to 30 bankers covering all sectors

Bank credit and deposits growth decelerate in third quarter, shows RBI data

Personal loans, which have large share (31.5 per cent) in total credit, recorded moderation in annual growth to 13.7 per cent (15.2 per cent a quarter ago), according to RBI's data

Flexible part of inflation targeting worked well: MPC's Bhattacharya

FIT more effective than multiple indicators framework

RBI imposes penalty on Citibank, Asirvad Micro Finance, JM Fin Home Loans

The action was based on supervisory findings following a statutory inspection of the companies for their financial position as of March 31, 2023

Co-Op bank embezzlement case: 3 accused remanded in EOW custody till Feb 28

The EOW had earlier arrested Hitesh Mehta and developer Dharmesh Paun in the case

Code of conduct must for freebies: Ex-RBI governor Duvvuri Subbarao

He said that although some people live at subsistence levels and the government must provide certain safeguards, there should be a limit on such provisions

Reserve Bank of India issues norms for forward contracts in G-secs

Aims to assist long-term investors in managing cash flows

Cube Highways raises Rs 600 cr via issuance of non-convertible debentures

The issuance saw participation from banks, insurance companies and development financial institutions, Cube Highways Trust said in a statement

DRI busts seven counterfeit currency modules across multiple states

Seized items included laptops, printers, pen drives, security paper, A-4 sized papers and butter paper with watermark of Mahatma Gandhi etc

RBI announces mega $10 billion FX swap to infuse rupee liquidity

The RBI will conduct the buy/sell swap on February 28

RBI must infuse Rs 1 trillion by March to ease bank liquidity gap: Analysts

Since mid-January, the Reserve Bank of India has infused funds to counter a sharp decline in liquidity caused by its aggressive intervention in the foreign exchange market, among other factors

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Bank of India reports Rs 226.84 cr loan fraud by Gupta Power Infrastructure

The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud, BoI said in a regulatory filing

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore

The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal

Adani Green Energy in talks with PFC to restructure $1.1 bn loan in rupees

The proposed fundraising comes after Adani Green Energy scrapped a $600 million dollar bond amid the US probe against founder Adani and and his nephew, Sagar Adani