Page 133 - Finance News

Support realisation of 'Viksit Bharat' goal: RBI Guv asks colleagues

The career bureaucrat appointed to lead the central bank "reassured" staffers that the RBI, an "august institution", is his "family" now

GST Council likely to consider lowering tax on online food delivery fees

The potential tax cut, which could take effect from Jan. 1, 2022, would not allow food delivery platforms such as Zomato and Swiggy to claim tax credits

Rupee falls 3 paise to 84.83 against US dollar during early trade

Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks

Domestic, global headwinds challenge RBI's forex intervention efforts

India's forex reserves are at a five-month low after the RBI sold $38 billion, per IDFC FIRST Bank's estimate, between October and the first week of December

2024, a rear view: Mint Road balances continuity and change in governance

Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts

RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers

Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions

ICICI Bank's board approves 19% stake sale in ICICI Merchant Services

The Board of Directors of ICICI Bank Limited ("the Bank"), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services

Sebi extends deadline to Dec 31 for comments on clearing corps' ownership

In its consultation paper, Sebi proposed diversifying and widening the ownership of the clearing corporations, which are at present wholly-owned subsidiaries of stock exchanges

Sebi mulls facilitating participation of retail investors in algo trading

Further, the regulator proposed spelling out the rights and responsibilities of the main stakeholders of the trading ecosystem -- investors, stock brokers, algo providers/ vendors and Market

NBFCs top growth rate in micro-finance at 27.6% Y-o-Y by Sept-end FY25

The portfolio-at-risk 31-180 days-past-due has shown a deterioration across all entity types

Rupee recovers, gains 5 paise to 84.83 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.85 and inched up further to 84.83 against the greenback, registering a gain of 5 paise from its previous close

Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25

Secured loans are prime assets; investors selective about segments with quality pressures

Nabard raises Rs 4,864 crore at 7.40%; IRFC raises Rs 2,345 cr at 7.09%

PNB looking to raise Rs 3,000 cr through tier-II bonds

FinMin asks banks to closely monitor NCLT, NARCL cases to reduce delays

The discussion on cases at NARCL centred on expediting timelines for the resolution of accounts

India's outward FDI halves to $2.28 billion in November, shows RBI data

Guarantees for overseas units nosedived to $568.9 million in November 2024, compared with $2.78 billion a year ago and $1.35 billion in October 2024, RBI data showed

GNPA of PSBs declines to 3.12% in Sep from 14.58% in March 2018: FinMin

During 2023-24, PSBs recorded the highest-ever aggregate net profit of Rs 1.41 lakh crore against Rs 1.05 lakh crore in 2022-23

Rupee falls to an all-time low, RBI intervention counters bearish tilt

While dollar-rupee forward premiums rose on Thursday in reaction to the heightened odds of a Fed rate cut and on the back of an elevated USD/INR overnight swap rate, they were pegged by the central

SBI adds to record samurai loan boom with $197 million debt facility

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Asia-Pacific credit volatility expected in 2025 amid slow growth: S&P

Forecasts on credit conditions become unstable as trade and foreign policy under Trump 2.0 administration remain unclear

Rupee falls 2 paise to near all-time low of 84.85 against US dollar

At the interbank foreign exchange, the rupee opened at 84.85 against the greenback, registering a fall of 2 paise over its previous close