Page 130 - Finance News

Funding via primary mkt surges, while secondary mkt funding slows in 2024

Over 70 listed companies raised Rs 1.13 trillion through the QIP route. Vedanta, Zomato and Adani Energy Solutions each raised over $1 billion in fresh capital via this route

States, UTs to borrow Rs 4.7 trillion via govt securities in Q4FY25

In 2023-24, states contained their GFD at 2.9 per cent of GDP, within the Fiscal Responsibility Legislation (FRL) limit of 3 per cent

Govt retains interest rates on small savings schemes for Jan-Mar quarter

The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes too have been retained at 7.1 per cent and 4 per cent, respectively

RBI lifts curbs on Mumbai-based Sangli Sahakari Bank after 2.5 years

The bank's DICGC liability was down to Rs 36.97 crore from Rs 49.33 crore in September 2024. The company improved its net worth to Rs 5.41 crore as budgeted

As NPCI lifts limits, WhatsApp Pay can now extend UPI services to all users

With this development, WhatsApp Pay can now extend UPI services to its entire user base in India

NPCI delays UPI payments market share cap in relief for PhonePe, Google Pay

The mandate, which was to take effect from the end of 2024, will now kick in at the end of December 2026

Rupee falls 13 paise to all-time closing low of 85.65 against dollar

Forex traders said the rupee has been under continued pressure amid the Federal Reserve's cautious stance on rate cuts and the "Trump factor" driving up the dollar index

Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30%

Commercial banks reported a 62 per cent increase in gold loan NPAs, which rose to Rs 2,445 crore in June 2024 from Rs 1,513 crore in March 2024

Rupee falls 9 paise to 85.61 against US dollar in early trade today

Forex traders said the rupee has been under continued pressure amid the Federal Reserve's cautious stance and the 'Trump factor' driving up the dollar index (DXY) and US 10-year yields

Government extends deadline for direct tax Vivad Se Vishwas Scheme

Under the scheme, penalty charges vary based on the date of payment

Looking ahead: Financial sector braces for leadership changes in 2025

Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024

Net claims of non-residents on India declined by $19.8 bn in Q2: RBI

Higher rise in Indian residents' overseas financial assets ( $ 66.5 billion) compared to that in the foreign-owned assets in India ( $ 46.7 billion) led to a decline in net claims of non-residents

RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1

This facility will allow users to view and verify the name of the beneficiary before initiating a transaction, similar to the existing feature on India's real-time payment systems

Raise awareness about cyber frauds, identify mule accounts: RBI report

According to RBI's Report on Trend and Progress of Banking in India 2023-24, number of bank frauds witnessed a significant year-on-year increase in the first half of the current fiscal to 18,461 cases

Budget wishlist: Mutual fund industry seeks tax relief on debt schemes

Easing of taxation crucial for financialisation of savings, says Amfi

Mswipe's payment business turns profitable, FY24 revenues grow 6%

In FY24, payments revenue grows 6.25% to Rs 275 crore; total payment value more than doubles to Rs 50,417 crore

Banks' gross bad loan ratio seen worsening by March 2026: RBI report

This key measure could rise to 3 per cent by the end of March 2026 from a 12-year low of 2.6 per cent in September 2024 for 46 banks under the so-called baseline scenario

Rupee volatility hits year-high, spotlight on RBI's currency strategy

The rupee's one-month implied volatility versus the greenback rose to as much as 4.09 per cent, the highest since August 2023

RBI should rethink forex strategy, loosen hold on rupee in 2025: Economists

The rupee's overvaluation relative to its trading partners makes India's exports more expensive. This is the most overvalued the rupee has been since 2004, RBI data showed

Rupee gains slightly as very-near-tenor dollar-rupee swap rates surge

Despite last week's slump, the rupee has fared better than most of its Asian peers over the December quarter