Page 118 - Finance News

RBL Bank appoints Agrawal as president of branch banking, Pari as COO

Agrawal has over 25 years of experience across deposits, lending, distribution and payments

Haryana's GST collection increases by 20% to Rs 9,925 crore in Feb

Haryana remains among the top five states in the country in GST collection along with Maharashtra, Karnataka, Gujarat and Tamil Nadu

What are capital gains tax: Are they the Indian govt's 'biggest mistake'?

Decoded: What is capital gains tax, how do India's rules compare to global standards, and why is it causing investor concerns?

Sebi permits all NBFCs, HFCs to invest in security receipts by ARCs

This has widened the scope of participants who can acquire security receipts from ARCs, thereby boosting liquidity in the distressed asset market

Govt bond yields unchanged despite April rate cut bets as supply hurts

The benchmark 10-year yield ended at 6.7383%, compared with its previous close of 6.7286%

Women borrowers up 22% since 2019, majority from semi-urban, rural: Report

As per the report, credit availment for financing businesses constituted only 3% of the overall borrowings by women in 2024, as against 42% for personal finance products like personal loans

RBI records forward dollar position undermines forex reserves comfort

The RBI's net short dollar position in forwards and futures hit a record high of $77.5 billion in January 2025, as per data released after market hours on Friday

Rupee appreciates 9 paise to 87.28 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 87.36 and gained further ground to 87.28 against the American currency, registering a gain of 9 paise from its previous close

RBI adopting more accommodative stance under Sanjay Malhotra: Analysts

This is reflected in the measures taken by the central bank in the past few months to spur economic growth and ease liquidity tightness

Economic affairs secretary Ajay Seth gets additional charge of revenue dept

The vacancy was necessitated following the appointment of revenue secretary Tuhin Kanta Pandey as the chairman of the Securities and Exchange Board of India (Sebi) on February 27

Gross GST collections increase 9.1% to Rs 1.84 trillion in February

Gross Goods and Services Tax (GST) revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 trillion and 5.4 per cent rise in revenues from imports to Rs 41,702 crore during February

UPI posts 5% dip in volume to 16.11 billion, 7% in value in February

The value declined to Rs 21.48 trillion in February, compared to Rs 23.48 trillion in January

Sitharaman urges civil accounts officers to simplify Govt's annual accounts

She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA

UPI transactions drop 5% in volume, 6.5% in value due to shorter February

Number of daily transactions for February stood at 14.46 million, up from 14.33 million in January, which translated to a value of Rs 20,110 crore in February and Rs 19,562 crore in January

98.18% of Rs 2,000 notes returned, Rs 6,471 cr worth still with public: RBI

On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes from circulation

Gold loan offtake stays strong amid retail loan moderation in January

Industrial credit depicts mild uptick; agri, services moderate

Reserve Bank of India conducts $10 bn forex swap to inject liquidity

This was the second swap auction by the central bank, after it infused $5 billion via a six-month swap on January 31

India and Japan renew $75 billion bilateral currency swap agreement

The Bilateral Swap Arrangement (BSA) is a two-way arrangement where both authorities can swap their local currencies in exchange for the US dollar

Growth in personal loans slows down to 14.2% in Jan, shows RBI data

The RBI on Friday released data on sectoral deployment of bank credit for January 2025 collected from 41 select commercial banks

RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms

With reference to HSBC's financial position as on March 31, 2023, RBI found that the bank had outsourced the disposal or closure of anti-money laundering (AML) alerts to a group company