Page 135 - Finance News

Economists react to India's new central bank chief announcement

With a new governor at the helm of the Reserve Bank of India (RBI) and a deputy governor retiring next month, the RBI's monetary policy committee (MPC) will have a new look

'Did a good job': KV Kamath lauds Das, backs Sanjay Malhotra for RBI role

KV Kamath commends outgoing RBI Governor Shaktikanta Das for his leadership and expresses confidence in Sanjay Malhotra's capabilities as the new RBI Governor

Shaktikanta Das thanks PM Modi, FM Sitharaman as his RBI tenure ends

Shaktikanta Das, set to demit office today, expressed gratitude to PM Modi and FM Sitharaman for their support during his tenure as RBI governor

Fiscal-monetary coordination at its best in last six years: Shaktikanta Das

Reserve Bank Governor Shaktikanta Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues

Investors urge RBI to let state govt debt be sold as zero-coupon bonds

Allowing state notes to be turned into so-called strip bonds would give investors an extra spread of 30-to-40 basis points over comparable federal securities, one of the people said

HSBC India launches premium credit card Prive for private banking clients

The bank has unveiled its first premium credit card, HSBC Prive, designed with privileges exclusively curated for its private banking clients

Microfinance loan book shrinks by 3.7% sequentially to Rs 4.08 trn in Sep

However, the GLP grew by 8.5 per cent year-on-year (Y-o-Y) to Rs 4.08 trillion in September 2024, up from Rs 3.76 trillion in September 2023

RBI Governor Das meets FM Sitharaman ahead of former's term coming to end

The meeting took place at the finance minister's North Block office. Sources said that the meeting lasted around 20 minutes and was considered customary following the MPC meeting

GST officers detect Rs 35,132 cr ITC evasion by over 17k fake firms: Govt

A total of 18,876 ITC fraud cases were detected involving 17,818 fake firms with suspected ITC evasion of Rs 35,132 crore during fiscal 2024-25 (April-October)

Rupee falls 7 paise to 84.73 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

Fintechs go retro: Companies bet on fixed deposits to boost topline

Companies offer up to 9.5% interest rate per annum on fixed deposits

Key investment destination: FDI inflows in India cross $1 trillion

India received $ 177.18 billion from Mauritius, $ 167.47 billion from Singapore and $ 67.8 billion from the US during the period under review, as per the data

SBI Long Term Equity Fund: The Swiss Army knife toolkit for equity funds

The scheme aims for long-term capital growth by investing in a portfolio of equity securities while offering tax benefits under Section 80C of the Income-Tax Act, 1961

Fintech firms embrace AI for credit, payments, customer insights, more

AI models help financial institutions in understanding delinquencies and speed up disbursements

Aadhar Housing Finance aims AUM of over Rs 25,000 crore by March '25

Profit grew by 24 per cent to Rs 428 crore in the first half as against Rs 344 crore reported in the same period a year ago

Upgrading India's auditing standards will boost credibility: NFRA chief

He also asserted that the country cannot have "inferior standards" when the pursuit is to become a "Viksit Bharat"

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Finance ministry has proposed to amend various provisions of the Insurance Act, of 1938, including raising FDI in the insurance sector to 100 per cent, reduction in paid-up capital

RBI Guv Das meets FM Sitharaman two days before end of his extended term

The meeting comes just ahead of the extended term of incumbent RBI Governor coming to an end. Das's three-year extended term comes to an end on December 10

MFI stress not a big concern at a system level, says Swaminathan J

The apex bank has asked lenders to strengthen their underwriting standards and collection efforts to limit the conversion of stress into Non-Performing Assets (NPAs)

RBI asks banks to collaborate with MuleHunter.AI to find mule accounts

"Use of money mule accounts is a common method adopted by fraudsters to channel proceeds of frauds," Reserve Bank of India (RBI) Governor Shaktikanta Das said