Page 141 - Finance News

RBI releases master direction on reporting of customers credit information

As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users

Rupee falls to new low of 85.83 as dollar hovers near two-year high

The local currency settled at Rs 85.78 per dollar on Friday

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

What's driving this surge? Partly, it's the rupee's depreciation versus the dollar, down nearly 3 per cent in 2024, which has made India's exports more attractive on the global stage

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

FIU-IND, Irdai sign MoU for enhanced anti-money laundering efforts

Laying down procedure and manner in which the regulated entities/reporting entities report to FIU-IND under the PML Rules and conducting outreach and training for regulated entities as per the MoU

Rupee falls 4 paise to close at new record low of 85.83 against dollar

At interbank foreign exchange, the rupee opened at 85.77 and touched the lowest-ever level of 85.84 against the greenback in intraday trade. It finally settled at its record low closing low of 85.83

Rupee to stay under pressure as traders eye RBI's defence of 85.80

The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77

DFS Secy launches 'Baanknet' portal as a one-stop property e-auction hub

According to a Finance Ministry statement, this platform consolidates information on e-auction properties from all PSBs and offers a one-stop destination for buyers and investors

Securitisation volumes top Rs 68,000 crore in Q3 FY25, says ICRA

ICRA estimates say private sector banks account for Rs 25,000 cr, NBFCs for remaining Rs 43,000 cr

New rule to avoid tax deduction on purchases through IFSC sellers

Under the new regulation, sellers must submit a declaration that includes details about the previous years for which they are claiming tax deductions

Neha Nagar launches first 'couple finance' course to ease financial stress

Poor financial management is at the heart of many relationship troubles in India. To address this, finance expert Neha Nagar's Couple Finance Course could help couples manage their finances better

UP govt plans Rs 4,000 cr corpus to boost startups, innovation ecosystem

The proposed corpus will be facilitated by the state government and the investment managers under the aegis of the UP Innovation Fund (UPIF)

Centre amends norms to boost capex loans to states amid spending decline

The government aims to bridge the FY25 capex gap, with Rs 11.1 trillion budgeted but only Rs 5.13 trillion spent by November, marking a 12.3 per cent year-on-year decline

UPI transactions continue upward trajectory, hit all-time high in Dec 2024

For the full calendar year 2024, UPI-enabled platforms handled approximately 172 billion transactions, reflecting a 46 per cent annual increase

Rupee falls 3 paise to 85.78 against US dollar during early trade

Forex traders said the US dollar gained against most currencies during 2024 and continued to remain on a strong footing this year

Rupee may dip to all-time low on Fed outlook-spurred dollar rally

The dollar index rose 0.7 per cent on Thursday, hitting 109.54, helped by the US jobless claims data

Rupee closes at fresh low of 85.76 against dollar despite RBI intervention

State-run banks were spotted selling dollars to the tune of $800 million to $1 billion, traders said

NBFCs seek reforms in pre-budget talks to boost liquidity, ease challenges

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh

India's credit market reflects K-shaped pattern, says Nomura report

Share of consumption loans is increasing, while share of asset-creating loans is falling

States' fundraising may get expensive amid record borrowing, say investors

Long-term investors such as insurance companies, provident funds and pension funds are major investors for state debt