Page 162 - Finance News

Design architecture for B2C e-invoicing for retailers ready: GSTN CEO

The threshold for businesses that would be required to issue e-invoices is in the process of being decided.

Bank bond issuance likely to touch Rs 1.2 trn level in FY25 : Report

Infrastructure to command about 66% share in issuance, according to ICRA

NBFC loan growth to moderate to 18% in FY25, says S&P Global Ratings

S&P Global Ratings said Indian lenders' strong underwriting will support asset quality. This is reflected in their focus on lending primarily to low-risk customers and generally low loan approval rate

Strong fundamentals crucial amid global unrest: RBI Guv Shaktikanta Das

Have larger responsibility of maintaining financial stability'

NBFCs eye Rs 5,000 crore through bond issuances over next one week

Sidbi raises Rs 8K cr, single-largest by a non-bank so far in FY25

Piyush Goyal promises to take up financing issues of realtors with RBI

Addressing a conference organised by realtors' apex body CREDAI, Goyal highlighted that the new realty law RERA has brought transparency and certainty in the real estate sector

NPCI eyes Africa, South America for digital payment push via UPI: CEO

Earlier this year, the NIPL signed deals with the central banks of Peru and Namibia to help them build real-time payment systems similar to UPI

Slower deposit growth pushing banks towards fund raising from bonds: ICRA

It said banks' advances to the infrastructure sector are estimated at Rs 13-14 lakh crore as on June 30, 2024, of which the PSBs have a lion's share of around 75 per cent

Banks to rely on certificates of deposit to fund credit demand: Officials

Certificates of deposit (CDs) are debt instruments with maturities of less than one year issued by banks

Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

The asset quality of the microfinance portfolio deteriorated in Q1 FY25 as the heatwave across the country adversely impacted the income of borrowers and collections

Rupee rises 6 paise to 83.46 against US dollar during early trade

However, an upward movement in the crude oil prices and a strengthening greenback against major overseas rivals capped a sharp rise

Finance Ministry urges DRTs, banks to expedite loan recovery processes

FinMin calls on DRTs to engage borrowers in smaller cases outside tribunals to alleviate pendency burden

Boots on the ground: Businesses correspondent model needs mending

The business correspondent channel for financial inclusion is calling for a pay raise, investments and an end to penalties

Avail finance ministry's services to boost business: FM to fisherfolks

She observed that women hailing from the community are also eligible to take term loans from banks and financial institutions by producing the Kisan credit card

Majority say they will stop using UPI if transaction fee levied: Survey

The survey found 37 per cent of respondents shared UPI transaction accounts for more than 50 per cent of their total payment in value terms

RBI report: Gap in credit, deposit growth shrinking but challenges remain

With inflation easing, household consumption growth likely to be faster in Q2

NBFCs diversify funding sources amid increased lending risk weights

The asset quality of government-owned NBFCs and non-government-owned middle layer NBFCs focused on the retail line of business was also higher

International travel drives outward remittance under LRS to $2.7 bn in July

Investments in equity and debt schemes surged by 108 per cent to $120.86 million from $58.06 million

Forex reserves rise for 5th week, hit record high of $689.46 bn: RBI data

Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund

Decision paralysis: 69% Indians find it hard to plan for future, says study

The HSBC study highlights that confidence is a key issue, as 62 per cent of those surveyed feel they are not well-prepared to manage important decisions