Page 150 - Finance News

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

Venture capitals cautious on AI: Startups must show clear value, returns

Venture capital firms in India are becoming cautious with AI investments, emphasising solid business models and tangible returns, as many startups face closures amid changing dynamics

Pvt banks push work-life balance, new policies to combat employee burnout

Indian banks are prioritising work-life balance by implementing policies to reduce overtime and after-hours communication, responding to rising attrition and employee burnout

RBI's routine interventions to halt major movements in Rupee: Poll

Abandoning its earlier policy of intervening only during periods of heightened volatility, the RBI over the past couple of years has used its vast forex reserves to keep Rupee in a narrow range

Banking lending to industry up 42.8% in H1FY25; credit to NBFC shrinks

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

APAC private debt rises, India raises $2.3 bn in Q3 alone: Report

APAC private capital fundraising hits five-year low: Preqin report

RBI helps rupee outperform peers in month marred by US election anxiety

The rupee was at 84.0825 to the US dollar, little changed from Thursday and week-on-week. Indian financial markets are shut on Friday

Rupee opens on flat note, rises 1 paisa to 84.07 against US dollar in trade

Forex traders said the rupee remained range bound as month-end demand kept the US dollar well-bid

Fund Review: Kotak Flexicap Fund

Fund Review: Kotak Flexicap Fund

Rupee depreciates 2 paise to 84.07 against US dollar in early trade

On Tuesday, the rupee gained 2 paise to settle at 84.05 against the US dollar

RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll

The central bank has held interest rates at their highest since early 2019 for the past 10 meetings

Credit cards get a festive boost, spending increases 25% in September

Experts attributed the healthy growth to festive demand and the base effect

Finova Capital raises $135 million to expand loan book, invest in tech

The firm has a presence across 16 states with over 400 branches. Its current assets under management are pegged at Rs 3,000 crore

Cashfree Payments gains regulatory approval to operate as a PPI provider

Cashfree Payments joins a growing list of PPI providers. At present, the banking regulator has issued these licences to 46 entities

Rupee opens on flat note at 84.08 against US dollar during early trade

According to traders, the rupee remains under intense pressure, mainly due to persistent foreign fund outflows

SBI's newly appointed chair C S Setty targets unbanked in expansion plans

As it seeks to build out deposits, the bank is also planning to add branches in areas where it has no presence, according to Setty

RBI sets Rs 300 cr networth criteria for central counterparty authorisation

According to directions, every authorised CCP has to submit an audited networth certificate as at close of financial year from the statutory auditor within six months of closure of financial year

Slice, North East Small Finance Bank merge one year after RBI approval

The merger process was completed over one year after the bank received a no-objection certificate from the Reserve Bank of India

Sovereign bond yields rise tracking US peers amid cautious sentiment

The benchmark 10-year yield ended at 6.8660%, the highest since Sept. 3, compared with its previous close of 6.8495%

Rupee holds steady as exporters delay dollar hedging amid volatility

Most exporters reckon that the risks that rupee will depreciate from here are much higher than it will appreciate, a forex salesperson at a mid-sized private