Page 149 - Finance News
Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months
Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024
 "Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months")
Foreign investors net sellers of Indian bonds in Oct; 2nd outflow in 2024
Currently, US bond yields have shown some volatility, with the yield moving from 4.3 per cent to 4.4 per cent. This is despite favourable data, such as the recent jobless claims
 "Foreign investors net sellers of Indian bonds in Oct; 2nd outflow in 2024")
Rupee falls to new low on FPI selloff and rise in crude oil prices
Market participants said the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales to protect the rupee from further depreciation
 "Rupee falls to new low on FPI selloff and rise in crude oil prices")
Income tax dept receives 6,500 suggestions on review of income tax act
Public inputs and suggestions were invited in four categories simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions
 "Income tax dept receives 6,500 suggestions on review of income tax act")
Govt invites applications for RBI deputy governor's post, last date Nov 30
One of the deputy governors, Michael Patra's term ends on Jan 15
 "Govt invites applications for RBI deputy governor's post, last date Nov 30")
16th Finance Commission team arrives in Nagaland on three day visit
During the three-day stay, the Finance Commission team would hold a closed-door meeting with the chief minister, ministers and senior officers in Kohima on Tuesday
 "16th Finance Commission team arrives in Nagaland on three day visit")
Bharti Telecom accepts Rs 11,150 cr bids for biggest bond issue of FY25
This is also the country's biggest corporate bond issue in the current financial year, surpassing State Bank of India's issue in July, where it had raised Rs 10,000 crore
 "Bharti Telecom accepts Rs 11,150 cr bids for biggest bond issue of FY25")
Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan biz
It said profitability should gradually recover if lending volume strengthens. Sustained profitability in the housing finance and microfinance subsidiaries should underpin group profitability
Rupee flat at 84 against US dollar as local equities offset gains
Routine interventions by the Reserve Bank of India, though, have ensured that the rupee doesn't suffer sharp losses
 "Rupee flat at 84 against US dollar as local equities offset gains")
Govt infuses Rs 1,650 cr in state-owned RINL to keep it as a going concern
It also said that SBICAPS, a wholly-owned subsidiary of the State Bank of India (SBI), is preparing a report on the sustainability of RINL
 "Govt infuses Rs 1,650 cr in state-owned RINL to keep it as a going concern")
P2Ps see rising customer interest ahead of T+1 deadline on November 14
Despite continuity in business operations, companies are proceeding with caution citing investor re-education about new norms
 "P2Ps see rising customer interest ahead of T+1 deadline on November 14")
Bumps on MFI road: Microfinance biz turns cautious as delinquencies rise
Business correspondents have helped deepen banking penetration in the nearly two decades they have been around. Can they play a role on the field for MFIs?
 "Bumps on MFI road: Microfinance biz turns cautious as delinquencies rise")
Banks curb credit card issuance as delinquencies rise this festival season
Amid rising delinquencies, banks are slowing down on new credit card issuances this festive season; lenders are cautious due to increased default rates in unsecured lending
 "Banks curb credit card issuance as delinquencies rise this festival season")
Private banks' fresh loan rates up 14 bps in September over August
Fresh term deposit rates rise eight bps in Sept; One-yr MCLR flat in October
 "Private banks' fresh loan rates up 14 bps in September over August")
Forex reserves drop by $3.463 billion to $684.805 billion, shows RBI data
The overall reserves had dropped by $2.163 billion to $688.267 billion in the previous reporting week. In end-September, the reserves had hit an all time high of $704.885 billion
 "Forex reserves drop by $3.463 billion to $684.805 billion, shows RBI data")
UPI sets new record in Oct with 16.58 bn transactions worth Rs 23.5 trn
Growth in transactions driven by person to merchant transactions during festival season
 "UPI sets new record in Oct with 16.58 bn transactions worth Rs 23.5 trn")
PSBs, financial institutions monetise Rs 4.5 crore through scrap disposal
The DFS achieved 100 per cent disposal of all identified Public Grievances, Public Appeals, PMO references and MP references, it said
 "PSBs, financial institutions monetise Rs 4.5 crore through scrap disposal")
Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL
Mumbai Metro One is a SPV that is jointly owned by Reliance Infrastructure and MMRDA
 "Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL")
Group representing business correspondents seeks regulatory status
Self-regulatory organisation status for business correspondents will improve governance, bring in investments
 "Group representing business correspondents seeks regulatory status")
India now holds more gold domestically, marking 60% increase: RBI data
Latest data from the central bank shows that 510 metric tonne of gold is held domestically
 "India now holds more gold domestically, marking 60% increase: RBI data")