Page 125 - Finance News

Exim Bank India raises $1 billion from overseas via 10-year bonds

Exim Bank provides financial assistance to exporters and importers

Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads

Capitalising on strong demand, Exim Bank managed to tighten the final price by 30 basis points from the initial price guidance to achieve pricing of UST10+100 basis points

Rupee settles 5 paise lower at 85.73 against dollar on higher crude price

At the interbank foreign exchange, the rupee opened at 85.77, touched the day's peak of 85.65 and hit an intraday low of 85.80 against the greenback

Rupee depreciates 7 paise to 85.75 against US dollar in early trade

The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas, forex traders said

Indian bond-index inflows may fall short of estimate, says Morgan Stanley

India currently has a weight of 7% in the JPMorgan gauge, and that's expected to rise to the maximum of 10% by March

More than 4 out of 10 users earn dividends, says Cred Money report

At a median level, users earn dividends about ten times annually. Banking activity includes 116 P2P banking transactions against 318 outgoing payments, Cred Money data shows

RBI releases master direction on reporting of customers credit information

As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users

Rupee falls to new low of 85.83 as dollar hovers near two-year high

The local currency settled at Rs 85.78 per dollar on Friday

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

What's driving this surge? Partly, it's the rupee's depreciation versus the dollar, down nearly 3 per cent in 2024, which has made India's exports more attractive on the global stage

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

FIU-IND, Irdai sign MoU for enhanced anti-money laundering efforts

Laying down procedure and manner in which the regulated entities/reporting entities report to FIU-IND under the PML Rules and conducting outreach and training for regulated entities as per the MoU

Rupee falls 4 paise to close at new record low of 85.83 against dollar

At interbank foreign exchange, the rupee opened at 85.77 and touched the lowest-ever level of 85.84 against the greenback in intraday trade. It finally settled at its record low closing low of 85.83

Rupee to stay under pressure as traders eye RBI's defence of 85.80

The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77

DFS Secy launches 'Baanknet' portal as a one-stop property e-auction hub

According to a Finance Ministry statement, this platform consolidates information on e-auction properties from all PSBs and offers a one-stop destination for buyers and investors

Securitisation volumes top Rs 68,000 crore in Q3 FY25, says ICRA

ICRA estimates say private sector banks account for Rs 25,000 cr, NBFCs for remaining Rs 43,000 cr

New rule to avoid tax deduction on purchases through IFSC sellers

Under the new regulation, sellers must submit a declaration that includes details about the previous years for which they are claiming tax deductions

Neha Nagar launches first 'couple finance' course to ease financial stress

Poor financial management is at the heart of many relationship troubles in India. To address this, finance expert Neha Nagar's Couple Finance Course could help couples manage their finances better

UP govt plans Rs 4,000 cr corpus to boost startups, innovation ecosystem

The proposed corpus will be facilitated by the state government and the investment managers under the aegis of the UP Innovation Fund (UPIF)

Centre amends norms to boost capex loans to states amid spending decline

The government aims to bridge the FY25 capex gap, with Rs 11.1 trillion budgeted but only Rs 5.13 trillion spent by November, marking a 12.3 per cent year-on-year decline

UPI transactions continue upward trajectory, hit all-time high in Dec 2024

For the full calendar year 2024, UPI-enabled platforms handled approximately 172 billion transactions, reflecting a 46 per cent annual increase