Page 153 - Finance News

State Bank of India to raise Rs 5,000 cr through AT-I bonds this week

The issue size is Rs 2,000 crore, with a green shoe option of Rs 3,000 crore

RBI sold $6.49 billion in spot forex market in August, shows bulletin

The RBI said it purchased $16.14 billion and sold $22.64 billion in the spot forex market in August

Sovereign bond yields end higher as sentiment cautious after RBI comments

The benchmark 10-year bond yield ended at 6.8293% on Monday, compared with its previous close of 6.8193%

Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom

360 One confirmed Taparia's departure, saying he tendered his resignation last month and a smooth transition is underway

Rupee slips to record closing low on outflows, avoids sharper losses

The dollar index has risen nearly 3% in October, boosted by expectations of shallower rate cuts by the Federal Reserve

Karnataka registered a robust 10.2% GSDP growth in 2023-24: MoSPI

However, the Ministry of Finance projects a more optimistic 14 per cent growth for the state, supported by strong fiscal indicators, it added

President Muizzu introduces UPI payment service to boost Maldivian economy

The president also suggested the participation of the country's banks, telecom companies, state-owned companies

Rupee gains 1 paisa to 84.06 against US dollar during early trade

Sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit

Crackdown on four NBFCs: 14% spread on loans prompted RBI action

The regulator took such stern action amid a risk of rural distress due to unfair practices

Why has RBI again cautioned NBFCs not to cross regulatory redlines

The focus is on unsecured retail lending by shadow banks, according to experts

Reliance Infra's Rs 6,000 cr fundraising plan gets shareholders' nod

In the first phase, Reliance Infrastructure is launching the Rs 3,014 crore preferential placement by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share

L&T Finance lowers NIM guidance, sees challenges in retail loan segment

Retail loan growth may slow down to 15-20% from over 25%

GST rate rationalisation recommendations may yield Rs 22,000 cr surplus

At present, the average GST rate is around 12.2 per cent, which is below the revenue-neutral rate of 15.3 per cent, spurring the need for discussions on rate rationalisation

GoM bats for exemption of life insurance premium from GST: Report

The GoM to decide on the GST rate on life and health insurance met on Saturday and decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals

GoM recommends lowering GST rate on water bottles, bicycles to 5%: Report

The rate rejig decision taken by the GoM on GST rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary would lead to a revenue gain of Rs 22,000 crore

We don't want to join any party: RBI Guv on rate cut by other central banks

We are not managing the exchange rate, Das clarified

A day after RBI curbs on NBFCS: Fintechs may face temporary disruption

The ban on sanction and disbursement for its partner DMI Finance would be effective from October 21, as per the RBI directive

Stress in MFI sector largely due to customer overleveraging: Motilal Oswal

Situation to last for whole of FY25, with Q2 being the most challenging period, it says

Panels on GST rationalisation, cutting tax on insurance to meet on Oct 19

This would be the first meeting of the 13-member GoM, under Bihar Deputy Chief Minister Samrat Choudhary

Life insurers' new biz premium up 14% Y-o-Y in Sept; rises 19% in H1 FY25

LIC's new business premium grew by 12.4 per cent Y-o-Y to Rs 203,69.26 cr