Page 128 - Finance News

RBI announces first rate cut in nearly 5 years, keeps stance 'neutral'

Monetary policy committee decides to reduce policy rate by 25 basis points to 6.25%, says RBI Governor Sanjay Malhotra

RBI MPC cuts repo rate by 25 bps to 6.25%, continues with 'neutral' stance

RBI MPC: GDP forecast for financial year 2025-26 (FY26) has been pegged at 6.7%, inflation at 4.2%

Rupee recovers 16 paise from all-time low level to 87.43 against dollar

Forex traders said there is an overall negative bias in the rupee as market participants are projecting RBI to cut rates by 25 bps

RBI to cut rate for first time in 5 yrs to boost economy as inflation slows

The MPC had changed its policy stance to neutral in October and cut banks' cash reserve ratio by 50 bps in December to ease liquidity stress in the banking system

RBI MPC 2025 time, dates: When and where to watch Guv Sanjay Malhotra live

This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure

Will RBI MPC cut rates: What to expect from today's monetary policy meet

RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control

Infra financing not an issue; need to increase project pipeline: NaBFID MD

The government has acknowledged the need for this product and made the Budget announcements. Concurrently, we have been working on developing the product, said NaBFID MD

Labour ministry plans EPFO pension scheme for platform-based gig workers

In the scheme, gig workers will be allotted a single universal account number (UAN) under EPFO for all platforms, should they choose to work with multiple platforms

Q3 results review: Low core income, slippages hit banks' profitability

The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially

Odisha asks Rs 12.59 trn from Finance Commission, 50% divisible pool share

Chief Minister Mohan Charan Majhi made the request during a meeting with the Finance Commission team, led by Chairman Arvind Panagariya, emphasising that the demand was crucial for the state

EPFO processes over 50.8 million claims in FY25: Mansukh Mandaviya

Auto claim settlements also doubled to 18.7 million from 8.92 million claims settled in the previous financial year

Indian govt bond yields decline on interest rate cut expectations

The benchmark 10-year yield ended at 6.6562% compared with Wednesday's close of 6.6616%

Rupee plunges 14 paise to close at record low of 87.57 against dollar

Forex traders said the Indian rupee plunged to fresh record lows amid weak domestic markets and importer demand for dollars

RBI monetary policy: Dec MPC highlights and what to expect on Feb 7

RBI prepares to announce its latest monetary policy decision on Feb 7. This will be the first meeting held under the leadership of Governor Sanjay Malhotra

RBI directs NBFCs to disclose maximum loan charges, seek board approval

The RBI has directed large NBFCs to disclose total loan charges, including interest and fees, and mandates board approval for maximum rates to enhance transparency and fair lending practices

Rupee falls 14 paise to 87.57 against US dollar in early trade today

Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

IBBI revises insolvency rules to support homebuyers in resolution process

These facilitators will act as intermediaries between authorized representatives and creditors, ensuring seamless communication and clarity regarding insolvency proceedings, as per the release

Ibbi proposes coordinated insolvency resolution for interconnected entities

Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present in modern business ecosystems

FinMin seeks proposals for 2nd supplementary demands for grants for FY25

The proposals for supplementary demand for grants may be projected within Revised Estimate 2024-25 ceiling after a thorough and objective assessment of additional requirement of funds