Page 123 - Finance News
REC raises Rs 2,297 cr via 10-year bonds, IRFC eyes Rs 3K cr on Wednesday
The issuance has a base size of Rs 500 crore with a green shoe option of Rs 2,500 crore
 "REC raises Rs 2,297 cr via 10-year bonds, IRFC eyes Rs 3K cr on Wednesday")
Net direct tax kitty swells 16% to Rs 16.9 trillion so far in FY25
As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs 8.74 trillion
 "Net direct tax kitty swells 16% to Rs 16.9 trillion so far in FY25")
RBI uses FX swaps to ease liquidity squeeze as rupee hits a new low
The rupee lost around 2.8 per cent against the dollar in 2024, making it one of the best-performing currencies in Asia as the greenback surged
 "RBI uses FX swaps to ease liquidity squeeze as rupee hits a new low")
India Inc's leverage to improve in FY26-27 despite high capex: Fitch
The downside risks could materialise if energy prices rise significantly, given ongoing geopolitical risks, cautioned the rating agency
 "India Inc's leverage to improve in FY26-27 despite high capex: Fitch")
Rupee down 27 paise at record low of 86.31 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 86.12 and fell to historic low level of 86.31 against the greenback in initial deals, registering a steep loss of 27 paise from previous close
 "Rupee down 27 paise at record low of 86.31 against US dollar in early trade")
Ahead of Feb policy, RBI guv Malhotra to meet bank chiefs on Thursday
The interaction is part of the pre-monetary policy consultations
 "Ahead of Feb policy, RBI guv Malhotra to meet bank chiefs on Thursday")
December numbers signal improving microfinance situation: MFIN CEO
'Committed to ensure rates are set so that micro lending is viable, gains are passed to clients'
 "December numbers signal improving microfinance situation: MFIN CEO")
Field agents at a crossroads: The BC channel is ripe for being reimagined
The business correspondent channel is sought to be reworked with more offerings being hawked on it
 "Field agents at a crossroads: The BC channel is ripe for being reimagined")
FinMin to meet bank heads on Wed to review financial inclusion schemes
The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by Financial Services Secretary M Nagaraju
 "FinMin to meet bank heads on Wed to review financial inclusion schemes")
IBA seeks blanket corporate tax holidays for compressed biogas production
IBA said that this will act as an incentive for businesses, which are willing to invest in and scale up CBG production
 "IBA seeks blanket corporate tax holidays for compressed biogas production")
IBBI mandates eBKray auction platform for selling assets under liquidation
IBBI directed the IPs (insolvency professionals) to list unsold assets from ongoing liquidation cases for auction on the eBKray platform by March 31
 "IBBI mandates eBKray auction platform for selling assets under liquidation")
Rupee hits new low of 85.97/$; forex reserves drop further to $634 billion
The local currency edged higher by 3 paise on Friday against the previous low of 85.94 recorded on Thursday
 "Rupee hits new low of 85.97/$; forex reserves drop further to $634 billion")
SBI chief C S Setty calls for common mechanism to track SME fund usage
In recent years, fintech and banks have started to dig for credit information from publicly available data and use analytics to create a credit profile
 "SBI chief C S Setty calls for common mechanism to track SME fund usage")
Lenders must offer fixed-rate products for EMI-based loans, says RBI
While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans
 "Lenders must offer fixed-rate products for EMI-based loans, says RBI")
FPIs exit domestic debt market as bond yield gap with US shrinks
Foreign investors were net sellers of FAR securities in October and November, driven by lower-than-expected growth in the second quarter of the current financial year
 "FPIs exit domestic debt market as bond yield gap with US shrinks")
Retirees ask FM for Rs 7,500 minimum monthly pension under EPS-95
Commander Ashok Raut, National President of the committee, highlighted the plight of over 78 lakh pensioners from central and state government PSUs, private organizations
 "Retirees ask FM for Rs 7,500 minimum monthly pension under EPS-95")
Mandatory for banks to offer fixed interest rate product: RBI's FAQs
During the tenure of the loan, any increase in the EMI/tenor on account of the external benchmark rate should be communicated
India's forex kitty declines $5.69 bn to $634.58 bn, shows RBI data
In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion
 "India's forex kitty declines $5.69 bn to $634.58 bn, shows RBI data")
Fund managers see RBI boosting liquidity before interest rate cuts
The RBI is one of the few central banks globally that is yet to cut interest rates despite repeated calls for easing amid a slowing economy
 "Fund managers see RBI boosting liquidity before interest rate cuts")
In month since the change of guard at RBI, rupee's volatility picks up
The dollar-rupee pair's 1-month daily realized volatility touched a near-six-month high late in December while implied volatility, a gauge of future expectations, rose to 3.5%
 "In month since the change of guard at RBI, rupee's volatility picks up")