Page 138 - Finance News

SBI urges RBI to include non-financial transactions for account status

SBI had also started announcing a special drive on inoperative accounts over the weekend

Keep interest of economy before revenue in tax notices: Revenue secy

He urged the officers to focus energy on big fish and masterminds and bust syndicates in smuggling operations

Rupee trading flat at 84.68 against US dollar in early trade today

The rupee traded flat against the US dollar at 84.68 on Wednesday morning as foreign inflows offset the impact of a strengthening greenback.

NARCL to bid for seven stressed assets worth Rs 34K cr via Swiss challenge

NARCL has been set up with a strategic initiative to clean up the legacy stressed assets with an exposure of Rs 500 crore and above in the Indian Banking system

MPC meet in spotlight amid speculation over Governor Shaktikanta Das' term

Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown

PSBs safe, stable, performed exceptionally well in recent years: Sitharaman

Replying to a debate on the Banking Laws (Amendment) Bill, 2024, the minister said that all the Public Sector Banks have turned profitable

RuPay credit card UPI transactions double in first seven months of FY25

The National Payments Corporation of India, which runs the real-time payments system Unified Payments Interface (UPI), launched the RuPay credit card programme in 2017

PhonePe discontinues its partnership with payment aggregator Juspay

The move will allow the Walmart-backed fintech firm to offer an integrated payment flow-from transaction origination to final settlement-to the merchants it services

PNB HF aims to close FY25 with loan book of Rs 5k cr in affordable segment

The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion

Govt not considering PSU bank mergers: MoS Finance Pankaj Chaudhary

In a written reply to a question in the Rajya Sabha, he said several steps have been taken by the government to strengthen the financial condition of public sector banks (PSBs)

Rupee recovers from all-time low, rises 3 paise to 84.69 against US dollar

Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency and political instability in the Eurozone

Options traders' bearish bets on rupee jump 200% on surprise GDP slowdown

Data from the Depository Trust and Clearing Corp. show the volume of dollar-rupee calls trading climbed to $1.9 billion on Monday in the non-deliverable options market

Will RBI announce a rate cut? MPC meet date, time, and what to expect

The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures

Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss

Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI

Self-help groups, farmers struggling to get loans : RBI Deputy Governor

MSMEs led by women underserved in borrowing system, says Swaminathan J in speech

Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade

Market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth

Indian insurance firms seek zero-coupon bonds to manage long-term risks

Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government

Rupee stares at 85 against dollar amid GDP worries, hits fresh low of 84.70

Falls 21p to new low of 84.70; RBI has limited intervention room

Razorpay partners MHA and I4C to boost digital payments security

This collaboration aims to empower businesses and end customers with critical knowledge to protect themselves while promoting widespread awareness about cybersecurity across India

98% of Rs 2,000 notes returned; Rs 6,839 cr worth notes still with public

The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 trillion at the close of business on May 19, 2023, has declined to Rs 6,839 crore at the close of business on November 29 2024