Page 112 - Finance News

Online scams drain Rs 4,245 crore in just 10 months, shows govt data

67% increase witnessed from the Rs 2,537 crore recorded last year

Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh

The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh

Bihar makes fresh demand for special status before 16th Finance Commission

This was disclosed by Arvind Pangariya, the renowned economist who is also the chairman of the commission, while interacting with the media after receiving the state government's memorandum

RRBs get five more years to amortise additional pension liabilities

RRBs were earlier permitted to amortise their liability on account of the Employee Pension Scheme 2018 over five years

RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19

As ED, Bhattacharyya will oversee the department of economic and policy research

Indian rupee ends at 86.37/$, logs best winning streak in over nine months

The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday

Indranil Bhattacharyya appointed as new executive director of RBI

Prior to his promotion as ED, Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI

Rupee rises 12 paise to 86.25 against US dollar in early trade today

Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets

Indian Rupee opens at 86.41/$, strengthens for seventh straight day

The domestic currency opened 2 paise stronger at 86.41 against the greenback after closing at 86.43 on Wednesday

DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid

This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

RBI's net short position in forward swells to $77.5 bn: Monthly bulletin

Rupee's REER drops to 102.37 in February

US Fed holds interest rates steady amid projected growth slowdown

Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year

IndusInd bank raises additional Rs 2,750 crore via CDs, says CCIL data

On Monday, the lender had raised Rs 11,000 crore by issuing CDs across a range of maturities, with coupon rates varying between 7.80 per cent and 7.90 per cent

Parliamentary panel raises concern over dip in CASA ratio for banks

The standing committee also emphasised that by fostering a secure banking ecosystem and prioritising technological advancements

IndusInd Bank's liquidity adequate, capitalisation strong: Rating agencies

Losses in Q4FY25 unlikely to dent credit, liquidity profile; Tier-I impact estimated at 35 bps

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds

This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher

UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

He said that the UCBs must maintain high standards of customer service to build and retain trust

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

Urban co-op banks must be mindful of trust reposed by depositors: RBI Guv

RBI Governor Sanjay Malhotra advised the UCBs to ensure that they remain operationally resilient, including against IT and cyber-related risks