Page 132 - Finance News
Reserve Bank of India action does not imply systemic risk, say NBFC chiefs
RBI's punitive actions over the last year have encompassed both banks and non-banks
 "Reserve Bank of India action does not imply systemic risk, say NBFC chiefs")
Banks leave no stone unturned to stay ahead of fraudsters: Bank CEOs
The chiefs of leading banks attend a panel discussion on 'Banking on Technology' at the Business Standard BFSI Insight Summit 2024
 "Banks leave no stone unturned to stay ahead of fraudsters: Bank CEOs")
Lenders get to work as India aims to become a $5 trillion economy
How lenders are balancing growth and governance to empower ambitions of 'Viksit Bharat'
 "Lenders get to work as India aims to become a $5 trillion economy")
Demand for affordable housing strong despite supply challenges: Experts
In India, today, 95 per cent of housing loan requirements come from economically weaker sections (EWS) and low-income groups (LIG) who can't afford a house
 "Demand for affordable housing strong despite supply challenges: Experts")
We should aim to expand UPI's use worldwide: RBI Deputy Guv T Rabi Sankar
"It is important how you absorb acquisitions and make them successful. We care about the kind of firms we acquire, and how we integrate them with the mothership"
 "We should aim to expand UPI's use worldwide: RBI Deputy Guv T Rabi Sankar")
Regulation plays catch-up in certain areas, enables innovation: Razorpay MD
"It is important how you absorb acquisitions and make them successful. We care about the kind of firms we acquire, and how we integrate them with the mothership"
 "Regulation plays catch-up in certain areas, enables innovation: Razorpay MD")
Economy well-placed to deal with any spillover from external world: Das
"There are significant upside risks to inflation from geopolitical conflicts, geoeconomic fragmentation, climate-related concerns, and commodity prices going up"
 "Economy well-placed to deal with any spillover from external world: Das")
Gift City gains traction as more entities explore redomicile opportunities
GIFT City started with the concept that we could pull an international financial centre in India
 "Gift City gains traction as more entities explore redomicile opportunities")
Fear mainly results in cyber frauds: State Bank of India's Nitin Chugh
Small-value frauds are the traditional phishing-based scams where people willingly give away their credentials or an account takeover
 "Fear mainly results in cyber frauds: State Bank of India's Nitin Chugh")
RBI action on unsecured lending warranted: Jio Financial chairman Kamath
"I think there is some sort of abuse of technology that is happening (by loan apps) and as a result, there is laxity in the whole process of lending"
 "RBI action on unsecured lending warranted: Jio Financial chairman Kamath")
India remains a strategically important country for foreign banks: CEOs
India's growth requires foreign capital, which can come via FDI and supply chain diversification
 "India remains a strategically important country for foreign banks: CEOs")
Customer protection, value-added services to drive biz growth: C S Setty
"Annually, 12 million people prefer opening their savings accounts with us. That is not possible if your customer service is poor"
 "Customer protection, value-added services to drive biz growth: C S Setty")
RBI opts for longer-term bond buys to add liquidity at OMO purchase auction
Reserve Bank of India bought bonds worth Rs 20,020 crore($2.31 billion) at an open market operation (OMO) on Thursday. The 10-year benchmark that matures in 2034 accounted for one-fourth
 "RBI opts for longer-term bond buys to add liquidity at OMO purchase auction")
RBI receives six fold bids worth Rs 1.2 trn at OMO purchase auction
The cut-off price on the bonds scheduled was set below the secondary market price due to high demand, said market participants
 "RBI receives six fold bids worth Rs 1.2 trn at OMO purchase auction")
Need policy framework to help states fund parametric insurance: Surbhi Goel
Parametric (or index-based) insurance is a type of coverage that focuses on the likelihood or probability of a loss-causing event occurring, rather than indemnifying the actual losses sustained
 "Need policy framework to help states fund parametric insurance: Surbhi Goel")
Banks, importers seen lapping up India central bank's $5 billion FX swap
Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system
MCG scheme for MSMEs to boost investment, manufacturing, exports: Exporters
Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) aims to provide 60 per cent guarantee coverage by NCGTC to MLIs for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs
 "MCG scheme for MSMEs to boost investment, manufacturing, exports: Exporters")
Rupee falls 4 paise to 86.59 against US dollar during early trade
Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and broad strength of the American currency
 "Rupee falls 4 paise to 86.59 against US dollar during early trade")
Rupee pain starts to show as nation's top airline IndiGo takes a hit
A few smaller companies have also announced currency-related losses, with more expected as the earnings season progresses
 "Rupee pain starts to show as nation's top airline IndiGo takes a hit")
Digital payments rise 11.1% at Sept end 2024: RBI data on DPI
The central bank had announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country
 "Digital payments rise 11.1% at Sept end 2024: RBI data on DPI")