Page 162 - Finance News

India 10-year bond yield at 3-week high on West Asian conflict concerns

The benchmark 10-year yield ended at 6.8339%, the highest since Sept. 12, compared with its previous close of 6.7765%. On a weekly basis, the yield rose seven basis points

Forex reserves top $700 bn, India becomes 4th country to cross this mark

India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland

BofA expects India's forex reserves to reach $745 billion in March 2026

RBI Governor Shaktikanta Das has repeatedly stressed the need to build a forex buffer to act as a shield during periods of market volatility

Rs 500 cr investment scam: PhonePe, Easebuzz, 20 other firms under probe

Delhi Police also probing alleged involvement of social media influencers

Global banks to trial Swift for digital currency transactions from 2025

Central Bank Digital Currencies (CBDCs), digital versions of a country's official fiat currency, are also being trialled worldwide

Inflation rate under outgoing MPC that decided 25 monetary policies

The outgoing MPC was constituted in October 2020 and is now demitting office

Sumant Kathpalia succeeds Romesh Sobti as IndusInd Bank MD & CEO

Kathpalia will succeed current MD & CEO Romesh Sobti, who has been at the helm of affairs for over a decade now. Sobti's term as MD & CEO will end on March 23.

HDFC Bank says sequential rise in deposits outpaced loan growth in Q2

Deposits rose 5.1 per cent from the previous quarter to Rs 25 trillion, after no sequential change in April-June

SC upholds 90,000 tax reassessment notices issued under old regime

Move will impact assessees who received tax notices from April to June 2021 under the old reassessment regime

Unsecured business loans showing early signs of stress: India Ratings

While the denominator effect played out over most of FY24, the need to recognise rising delinquencies, provide for them, and write them off has increased credit cost pressures since Q4 FY24

Observed 'gross negligence and audit failure' in audits of GFS: NFRA

Not only SA 600 but Principal Auditors must fulfil duties under Companies Act 2013, it says

Tier II, smaller cities consuming over 80% credit: Google Pay exec

At 10th edition of Google for India, fintech major announced credit partnerships with two lenders: Aditya Birla Finance Limited for unsecured loans and Muthoot Finance for gold-backed secured credit

YES Bank's CASA ratio improves in Q2 FY25, loan book grows over 13%

Mumbai-based lender's overall deposit growth better than other commercial banks

Rupee plunges 11 paise to 83.93 against US dollar during early trade

Unabated outflow of foreign funds from capital markets and a strengthening American currency also weighed on the Indian currency

NBFC loan sanctions rise 12% in Q1FY25, home and auto loans drive growth

Satisfactory monsoon, soft rates to support growth in H2

Since the year pandemic hit, average daily UPI transactions up over 8x

In September 2024 alone, UPI processed 15.04 billion transactions, valued at Rs 20.64 trillion

Banks to seek govt guarantee on equity conversion before lending to Vi

The telecom giant is seeking to borrow approximately Rs 35,000 crore, but most banks are wary of extending credit, particularly as VI has struggled to raise funds from other sources

Reconstituted RBI MPC with 3 new members to begin maiden meeting on Mon

The outcome of the three-day meeting of the MPC would be revealed by MPC Chairman RBI Governor Shaktikanta Das on next Wednesday (October 9)

BlackRock chases private credit deals across sectors in record India market

India is a bright spot for private credit in Asia as Prime Minister Narendra Modi's ambitious growth targets and deregulation initiatives spur increased funding needs of local firms

Rs 60,000 cr investment opportunity by railways in Bengal, says Vaishnaw

"Rs 60,000 crore investment opportunity by the railways exists in West Bengal," Vaishnaw said after inaugurating several railway projects and train services at Sealdah station