Page 117 - Finance News

India remains a strategically important country for foreign banks: CEOs

India's growth requires foreign capital, which can come via FDI and supply chain diversification

Customer protection, value-added services to drive biz growth: C S Setty

"Annually, 12 million people prefer opening their savings accounts with us. That is not possible if your customer service is poor"

RBI opts for longer-term bond buys to add liquidity at OMO purchase auction

Reserve Bank of India bought bonds worth Rs 20,020 crore($2.31 billion) at an open market operation (OMO) on Thursday. The 10-year benchmark that matures in 2034 accounted for one-fourth

RBI receives six fold bids worth Rs 1.2 trn at OMO purchase auction

The cut-off price on the bonds scheduled was set below the secondary market price due to high demand, said market participants

Need policy framework to help states fund parametric insurance: Surbhi Goel

Parametric (or index-based) insurance is a type of coverage that focuses on the likelihood or probability of a loss-causing event occurring, rather than indemnifying the actual losses sustained

Banks, importers seen lapping up India central bank's $5 billion FX swap

Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system

MCG scheme for MSMEs to boost investment, manufacturing, exports: Exporters

Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) aims to provide 60 per cent guarantee coverage by NCGTC to MLIs for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs

Rupee falls 4 paise to 86.59 against US dollar during early trade

Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and broad strength of the American currency

Rupee pain starts to show as nation's top airline IndiGo takes a hit

A few smaller companies have also announced currency-related losses, with more expected as the earnings season progresses

Digital payments rise 11.1% at Sept end 2024: RBI data on DPI

The central bank had announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country

DGGI uncovers GST fraud involving Rs 3,200 cr worth fake invoices, two held

The DGGI's Bengaluru zonal unit conducted searches at more than 30 locations across Bengaluru and Mumbai, uncovering a complex scam

RBI aligns HFCs' NCD private placement rules with NBFC regulations

According to a notification by the RBI, the revised guidelines will apply to all new private placements of NCDs with maturities exceeding one year by HFCs, effective immediately

RBI's digital payments index rises to 465.33 as of September 2024

"The increase in the RBI-DPI index was driven by growth in payment infrastructure and payment performance across the country over the period," the central bank said in a statement

Rupee falls 4 paise to 86.61 against US dollar during early trade

Forex traders said the rupee continued to face pressure as investors are awaiting cues from the US FED meeting outcome

No GST on penal fees for loan non-compliance, says finance ministry

The RBI in its circular had directed regulated entities to replace "penal interest" with "penal charges" for borrowers who fail to comply with loan terms

MobiKwik, Cred first non-banks to offer CBDC, launches e-rupee wallet

The wallets support transactions up to Rs 10,000 per transfer with a daily limit of Rs 50,000

Rupee falls 25 paise to close at 86.56 against dollar amid tariff threats

Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the strength of the American currency in the overseas market

Over 33% respondents lose money to scams via real-time payments: Report

The report stated that 60 per cent of respondents reported exposure to messages from scammers, and 54 per cent said friends or family members had been scammed

Rupee falls 26 paise to 86.57 against US dollar during early trade

Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows

UK trade secy Jonathan Reynolds to visit India in Feb for FTA talks

Co-hosted with the High Commission of India in the UK, the annual event brought together leading figures from the world of politics, business, finance and technology within the India-UK corridor