Page 156 - Finance News

Regulatory changes to provide necessary push to surety bonds biz: Experts

This product launched in 2022 is going to play a crucial role in supporting India's infrastructure development and heavily reduce reliance on bank guarantees for project finance

Shaktikanta Das receives A+ grade in the central bank report cards 2024

RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated

RBI Governor Shaktikanta Das gets top central banker award by US magazine

This is the second consecutive year that he has been ranked as the top central banker globally

Govt extends ITR filing deadline for corporates by 15 days till November 15

By extending the deadline, taxpayers and professionals alike can prioritise accuracy and compliance

Cryptocurrencies huge risks to financial stability, says RBI Guv Das

There has to be (an) international understanding on this issue, being fully mindful of the huge risks associated with cryptocurrencies

FAR securities receive 60,000 crore inflows since JP Morgan inclusion

FPI investment in FAR securities had doubled, surpassing the Rs. 2 trillion mark within nine months of announcement of JP Morgan including Indian debt in its index

Moody's raises Vedanta Resources rating driven by efforts to access funding

VRL, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised USD 300 million by exercising the tap option on the existing bond issue

CRISIL puts long-term ratings of Navi Finserv, Asirvad on rating watch

Earlier this month, the RBI barred four NBFCs, including two MFIs, from sanctioning and disbursing loans due to charging exorbitant interest rates to borrowers

Centre doubles loan limit under Pradhan Mantri Mudra Yojana to Rs 20 lakh

Guarantee coverage of PMMY loans up to Rs 20 lakh will be provided under the Credit Guarantee Fund for Micro Units (CGFMU)

Rupee hovers close to all-time low as equities remain under pressure

Rupee has been pressured by a surge in outflows from local stocks alongside in a rise in US bond yields and the dollar index this month

LIC plans entering bond forward rate agreement market in FY25: Sources

State-owned insurer's entry expected to increase demand for instruments typically used to lock interest rates for a future date

MFI lenders turn cautious, loan portfolio declines as delinquencies rise

Overleveraging by customers is a pain point in the industry, said a regulatory report in FY23

Rupee turns flat at 84.07 against US dollar on foreign fund outflow

Forex traders said, the indication of some recovery in domestic equity markets prevented the fall in the local unit

Rupee turns flat at 84.07 against US dollar on foreign fund outflow

However, the local unit found some cushion as the dollar retreated from its higher level

Microfinance institutions must refrain from reckless lending: DFS secretary

Nagaraju said under the SHG-Bank Linkage Programme, there are more than 7.7 million groups with Rs 2.6 trillion outstanding loans benefitting about 10 crore poor households

Sebi bars First Overseas Capital to be lead manager for fresh mandates

The regulator also issued a show cause notice to First Overseas Capital for alleged violations of the provision of Merchant Bankers (MB) regulations

MobiKwik launches fixed deposit product with up to 9.5% interest rate

MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said

Avaana raises $135 mn for climate fund to fuel climate-tech startups

Incidentally, GCF, the world's largest climate fund, is making its first investment in a climate venture fund in India through Avaana Climate and Sustainability Fund

Can't risk another bout of inflation, need cautious approach: RBI minutes

The MPC, which consists of three Reserve Bank of India (RBI) and three external members, had kept the repo rate unchanged at 6.50 per cent for a tenth straight policy meeting

Digital payments double in 3 years, cash transactions fall: RBI report

The study highlights that the share of digital payments more than doubled between 2021 and 2024, with UPI playing a key role in this transformation, particularly for small-value purchases