Page 142 - Finance News

High rates, declining finance impacting exporters' competitiveness: CII

Budhia suggested the government extend the interest equalisation scheme, which ended on December 31, 2024, for three years for all manufacturing exporters

Rupee falls 11 paise to 85.75 against US dollar during early trade

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

BS Poll: Rupee to stay under pressure, seen at 86 to dollar by March-end

The currency hit a new closing low of 85.65 in the first trading session of 2025

UPI transactions surge to record 16.73 bn in Dec; value at Rs 23.25 trn

Interestingly, for the entire 2024, the volume increased by 46 per cent to around 172 billion transactions, compared to 118 billion in 2023

VFS Capital seeks small finance bank licence from RBI under 'on-tap' scheme

VFS provides loans to individual female members mainly from rural areas in a joint liability group (JLG) with each group consisting of five members

Credit growth to NBFCs declines to 7.8% in November, shows RBI data

Retail credit growth also declined to 16.3% due to drop in personal and vehicle loans, and rise in credit card outstanding

Transforming EPFO: Can it pivot into a user-friendly organisation?

With the number of rejections rising to almost a third of claims, the government is taking steps to radically reform the country's largest social security platform in order to ease payouts of benefits

98.12% of Rs 2,000 notes returned, Rs 6,691 cr worth still with public: RBI

The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 trillion at the close of business on May 19, 2023, declined to Rs 6,691 crore at the close of business on December 31, 2024

RBI Guv Malhotra asks staff to emphasise customer centricity in NY message

The central bank is facing challenges on the currency front, which has been under pressure in the last few months

Heavy supply schedule nudges govt bond yields higher as 2025 kicks off

The 10-year bond yield was at 6.7742 per cent as of 10:10 a.m. IST on Wednesday, compared with its previous close of 6.7597 per cent

FinMin asks banks, insurance firms to expedite public grievances resolution

A meeting chaired by Financial Services Secretary M Nagaraju was held in which complainants, PSBs, public sector insurance companies (PSICs) and regulators participated

Sasan Power makes $150 million bullet payment on debt with IIFCL

"This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating," the company stated in its press release

Rupee falls 5 paise to 85.69 against US dollar during early trade

Forex traders said the dollar index (DXY) and US 10-year bond yields have been on an uptrend largely owing to the Federal Reserve's cautious stance

Bank loan growth slows for fifth month in Nov amid stricter lending rules

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023

Rupee tipped to weaken gradually amid dollar strength as 2025 kicks off

The local unit dipped to its sixth consecutive record closing low on Tuesday, pressured by a decline in its regional peers

CRISIL analysis: Three things that could curb bank credit growth this year

The RBI's increase in risk weights on bank lending to non-banking financial companies (NBFCs) and on unsecured loans has pruned credit growth in these segments

RBI likely fine-tuned forex market intervention by slowing dollar sales

By October-end, the RBI's net short position in the forward market stood at $49.2 billion, up significantly from $14.6 billion in September

I-T dept set to enhance operations in 2025 by adopting PRUDENT approach

The chairman noted that the past year saw significant progress, with over 2.4 lakh grievances resolved, including 1.75 lakh through the E-nirvan platform

NPCI extends market cap deadline for UPI apps by two years to end of 2026

Apex payments body also relaxes user onboarding limits for WhatsApp Pay, enabling messaging firm to onboard all of its India users

Funding via primary mkt surges, while secondary mkt funding slows in 2024

Over 70 listed companies raised Rs 1.13 trillion through the QIP route. Vedanta, Zomato and Adani Energy Solutions each raised over $1 billion in fresh capital via this route