Page 110 - Finance News

Indian Rupee gains after snapping nine-day rally; Opens at 85.68/$

The domestic currency strengthened by 9 paise to open at 85.68 against the greenback after closing at 85.77 on Monday

Fintech major Paytm asks merchants to snap ties with third-party platforms

The move comes at a time when other players, including PhonePe, Cashfree Payments, and Razorpay, made similar moves nearly two months ago

Rupee weakens after 9-day rise on month-end oil importers' dollar demand

The local currency depreciated up to 85.83 per dollar during the day; however, foreign inflows supported the domestic unit, said dealers

RBI, NPCI approve Rs 2 hike in ATM interchange fee from May 1, 2025

The revised interchange is not applicable for micro-ATM, interoperable cash deposit (card-based and UPI-based), and international ATM transactions

BHIM will continue to be sandbox or reference app: CEO Lalitha Nataraj

The latest version of BHIM 3.0 will be rolled out in phases to its customers, with the body planning a complete launch by April 2025

ESIC beneficiaries set to avail healthcare at AB-PMJAY hospitals: Mandaviya

The move will also benefit family members of the IPs, which is estimated at nearly 150 million beneficiaries

Fintech NBFCs sanctioned 83 mn loans in first 3 quarters of FY25: Report

It added that quarter-on-quarter (Q-o-Q) sanction value had declined by 15 per cent in the third quarter of FY25 (Q3FY25) compared to the previous quarter

Trillionloans Fintech secures 'IND BBB+' rating from India Ratings

The non-banking financial company (NBFC) plans to leverage BharatPe's merchant network with a base of over 18 million customers

Govt discontinues gold monetisation scheme; banks may continue: FinMin

The Gold Monetisation Scheme was announced on September 15, 2015, with the objective to reduce country's reliance on the import of gold in the long run and mobilise gold held by households

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member

He is appointed for five years from the date of assumption of charge or until he attains the age of 62 years or until further orders, whichever is earlier

RBI's revised PSL norms: HDFC Bank, Federal Bank, IndusInd Bank to benefit

Augurs well for banks with relatively lower organic PSL generation

RBI hikes ATM withdrawal fees; higher charges from May 1 - check details

The revision in fees follows requests from white-label ATM operators, who sought higher withdrawal charges due to increasing operational costs affecting their business

Over 30k taxpayers declare foreign assets, income of Rs 30,300 crore: FM

A 'nudge' campaign was carried out by government in which taxpayers were nudged to voluntarily disclose their Foreign Income and Assets

Indian Rupee snaps nine-day rally, ends 17 paise lower at 85.77/$

The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data

FinMin, RBI officials to meet on Mar 26 to decide April-Sept borrowing plan

India's finance ministry and central bank officials will meet on Wednesday to decide the country's market borrowing plan for April and September

Rupee rises for 10th straight session; Opens 4 paise stronger at 85.59/$

The domestic currency opened 4 paise stronger at 85.59 against the greenback after closing at 85.63 on Monday

Govt seeks to drop 6% equalisation levy on online advertisements

Google, Meta, and X set to be among beneficiaries

e-RUPI voucher issuance surged in February; redemption in slow lane

Only a fraction of the cumulative issued e-RUPI vouchers were redeemed, the data show

Rupee hits near three-month high, erases almost all 2025 losses

The domestic currency was the best-performing currency among its Asian peers in the current month so far

Reserve Bank of India broadens scope of loans under priority sector norms

Enhances limits for housing loans