Page 146 - Finance News

SME, agri, corporate may take SBI loan growth past industry average

Xpress Credit portfolio, which declined in Q2, also expected to rebound

Rupee hits fresh low of 84.39 against the US dollar amid FII selloff

Avoids sharp depreciation on RBI's intervention

BS BFSI Summit: 'Investors flock to GIFT City as opportunities open up'

List of banks, asset managers, insurers swells amid growing business opportunities

Bond sales likely to surge in next year on higher debt repayments

Sales in the fiscal year starting April 1, 2025, are likely to be higher on redemption of debt issued during the Covid years

Net direct tax collection rises 15.4% to Rs 12.1 trn in April-Nov

Direct taxes, which include corporate and personal tax, grew over 21 per cent to Rs 15 trillion on a gross basis

IRFC retains Rs 1,415 crore at 7.14% through 15-year maturing bonds

India's 10-year government security (g-sec) yield closed at 6.82 per cent on Monday

Rupee may depreciate 8-10% against dollar during Trump 2.0, says SBI report

The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar

India to push for accountability, fair financing, green credit at COP29

The 29th session of the climate change conference of parties (COP29) is being held from November 11-22 in Baku, the capital of Azerbaijan

Sovereign bond yields edge higher ahead of local, US inflation data

The benchmark 10-year yield ended at 6.7874%, compared with Friday's closing level of 6.7762%. The yield traded in a one-basis point range on Monday

New COP29 climate finance target at benefits all, says UN climate chief

Stiell's remarks came during the opening of the 29th session of the climate change conference of parties (COP29) in Baku, the capital of Azerbaijan

RBI issues operational framework for reclassification of FPI to FDI

Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis

CareEdge group to scale up share for its non-rating business to 20%

The plan is to establish regional hubs to enhance local connections in the countries rated by CARE

Rupee falls 1 paisa to all-time low of 84.38 against dollar in early trade

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index

RBI ready to weaken rupee in line with yuan after Donald Trump win

A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India's biggest trade deficit

Biz as usual in Canada despite tensions between New Delhi, Ottawa: SBI

SBI operates eight branches through a wholly owned subsidiary in Canada, including in Toronto, Brampton, and Vancouver

Govt to decide soon on Rs 100 crore credit guarantee scheme for MSMEs: FM

Highlighting the five announcements made in this budget for MSMEs she said, "the introduction of a special credit guarantee corpus to help MSMEs will be very helpful during the time of distress...."

BS BFSI Summit: Insurers hope amendment Bill will drive customer engagement

The industry leaders were discussing the future of the sector at Business Standard's BFSI Summit 2024 on Friday

RBI includes spot deals to expand forex transactions reporting requirements

Accordingly, transactions in foreign exchange cash; foreign exchange tom; and foreign exchange spot, involving the rupee or otherwise shall now be reported to the TR, it said

GenWise launches UPI payments for senior citizens with secure interface

This is the industry's first-ever introduction of UPI for elders, offering a simple user interface, enhanced security, and cyber fraud awareness

State Bank of India to sell Rs 10,000 cr worth of infra bonds by Nov-end

The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure