Page 152 - Finance News

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

BS BFSI Summit: Public listings allow profitable exits for PEs, say experts

Investment leaders from Bain Capital, Samara Capital, BlackSoil Capital, and Multiples Alternate Asset Management speak about capital flow, business and startup growth at the BS BFSI Insight Summit

Fewer ATMs, more UPI: India's banking sector shifts to digital payments

As digital payments and UPI gain popularity, Indian banks are cutting down on ATM expansion, especially in off-site locations, and focusing on digital infrastructure

Banks' credit-deposit ratio on downward trend, at 79.5% on Sept 20

Banks have intensified efforts to strengthen their liability franchise

BFSI Summit: Fear in people main factor behind cyberfraud, says SBI's Chugh

In cybersecurity, social engineering refers to manipulating a victim to gain control over a computer system or steal personal and financial information

BFSI Summit: Stress at MFIs to recalibrate in a few months, say NBFC CEOs

The MFI sector has been facing significant challenges over the past five to six months, leading to a notable decline in asset quality

Industry bodies urge Finance Ministry to ease TDS rate structure

Proposal seeks to lessen compliance burden on taxpayers and avoid litigation

CII asks for more reforms in tax code, sustaining capex in FY26 Budget

In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas

Irdai to amend regulatory sandbox norms after committee recommendation

Irdai has invited comments from the stakeholders on 'Exposure draft Irdai (Regulatory Sandbox) (Amendment) Regulations, 2024' by November 25

BS BFSI Summit: Banking experts emphasise customer vigilance on cyber fraud

Banking industry leaders highlight growing cybersecurity challenges and customer education efforts while speaking with Manojit Saha at Business Standard BFSI Insight Summit

Include land authority in CoC for real estate insolvency cases: IBBI

The IBC has seen successful resolution in 46 per cent of cases admitted in the real estate sector as of June 2024, IBBI data shows

Fund review: Aditya BSL Frontline Equity

Fund review: Aditya BSL Frontline Equity

Indian rupee drops to all-time low of 84.28 on bullish dollar outlook

Traders expect the Reserve Bank of India to continue intervening to prevent sharp moves in the rupee, which is evident in the currency's muted implied volatility compared to its regional peers

Trump win-fuelled rally in dollar, US fed rates to keep rupee under strain

The rupee suffered its worst day in 4-1/2 months on Wednesday, mirroring the slump in other Asian currencies amid uncertainty over what a Trump presidency will bring

BS BFSI Day 1 Wrap: Positives outweigh negatives in economy, says RBI guv

Leaders of financial sector strike a note of confidence, optimism

RBI makes changes to KYC norms to align it with money laundering rules

According to the Amendment to the Master Direction - Know Your Customer (KYC) Direction, 2016, regulated entities (REs) will have to apply the customer due diligence (CDD) procedure at UCIC level