Page 118 - Finance News

Reserve Bank of India tightens vigil on P2P lending after revising rules

Seeks qualitative details about lenders' operations

Credit cards more than double in 5 years, debit cards stable: RBI report

The RBI report further said at end-December 2024, the number of credit cards has more than doubled to around 10.80 crore as compared to December 2019, when there were 5.53 crore cards in circulation

RBI Governor Sanjay Malhotra flags rising issue of digital frauds

Asks banks to suggest steps for enhancing ease of doing business

UPI's share in total digital payments in India grows to 83% in 2024

In 2024 alone, India recorded 208.5 billion digital payment transactions

DGFT upgrades platform for issuing electronic certificate of origin

The commerce ministry said this upgraded platform offers features such as multi-user access, which enables exporters to authorise multiple users under a single Importer Exporter Code (IEC)

RBI supersedes Aviom India Housing Finance's board, appoints administrator

The regulator said it "intends to shortly" initiate the process of resolution of the company under the Insolvency and Bankruptcy Code (IBC)

RBI announces slew of measures to inject liquidity to banking system

The central bank will conduct Open Market Operation purchase auctions of government securities worth Rs 600 bn ($6.96 bn) in three tranches and hold a 56-day variable rate repo auction for Rs 500 bn

RBI supersedes board of Aviom India Housing Finance on governance concerns

Aviom India Housing Finance caters to low-income households in semi-urban areas and provides loans to women borrowers who do not have any formal income documentation

Rupee depreciates 22 paise to 86.44 against US dollar in early trade

Forex traders said the Indian rupee gained on Friday but opened on a lower note on Monday as Trump Tariffs uncertainty gained

Parl panel reviews CCI's role amid Big Tech challenge to startups

Big stakeholders crowding the market, not allowing the startups to come up, says Par panel chairman

Superannuation rule in UPS likely to discourage early retirement: Experts

Experts say that criterion may increase labour force participation

Rate cut alone not sufficient, economists tell RBI

Bank CEOs to meet for pre-policy talk on Monday

Centre notifies Unified Pension Scheme for govt employees under NPS

Launched in August, UPS strikes a balance between Old Pension Scheme (OPS) and New Pension Scheme (NPS), offering government employees a guaranteed pension, post-retirement

Rupee logs biggest weekly gain in over 17 months as dollar softens

The rupee appreciated and settled at 86.21 per US dollar on Friday, compared to its closing level of 86.47 on Thursday, marking a weekly gain of 0.47 per cent

India bond yields dip amid investor demand, post weekly fall before budget

The 10-year bond yield ended at 6.7206 per cent , compared with the previous close of 6.7341 per cent

SC dismisses PIL seeking scrapping of 'tax deducted at source' framework

A two-judge bench of the Supreme Court remarked that the petition was poorly drafted and unsuitable for consideration, advising the petitioner to move the PIL to the Delhi High Court

CBIC notifies rules for entities to get temporary GST identification number

Under Goods and Services Tax (GST) rules, registration is mandatory for businesses with an annual turnover of Rs 40 lakh and Rs 20 lakh in the manufacturing and services sectors

Rupee rises 18 paise to 86.26 against US dollar in early trade today

Forex traders said weak crude oil prices and positive domestic markets supported the local unit, while sustained foreign fund outflows weighed on the local unit

Stress continues to build up in fintech lending with PAR on the rise

The Reserve Bank of India's December 2024 Financial Stability Report states that household debt is on a rising trend

Bond market expects net borrowing of Rs 11 trillion in Union Budget 2025

Gross issuance may increase slightly due to large bond maturity, but is likely to stay within the range seen the past few years as the govt focuses keeping a lid on fiscal deficit