Page 169 - Finance News

HDFC in talks with int'l banks to offload $1 bn in loans to cut credit book

The proposed loan portfolio sales, with terms yet to be finalised, would take place through a debt instrument known as pass through certificates, the people added

Rupee holds above lifetime low, supported by likely RBI intervention

That weighed on Asian currencies. But the rupee held its ground, supported by state-run banks' dollar sales, most likely on behalf of the RBI, traders said

Time for fintech NBFCs to revisit business models, says India Ratings

Tight liquidity, signs of stress weighs on business

Reserve Bank to stick to higher digitally-linked deposit buffer proposal

In India, retail and small business accounts make up around two-thirds of deposits, of which more than 50 per cent are digitally accessible, Moody's estimates

Rupee trades in narrow range against US dollar in early hours today

The rupee traded in a narrow range on Wednesday and appreciated 2 paise to 83.96 against the American currency, on easing crude oil prices and tracking its Asian peers.

GST tweak on commercial rentals to bring higher revenue for govt: Experts

May lead to increased burden on tenants but would lead to tax parity, experts say

India pitches for more info sharing on cross-border payments at FATF

At present, under the Travel Rules of FATF, data relating to the name of the sender, recipient, and the country of origin is recorded in any cross-border financial transactions

Investors want govt to sell more short tenor, green bonds, say bankers

The suggestions were made by market participants in a series of meetings about the government's borrowing plan for the second half of the fiscal year

RBI slaps penalties on Axis, HDFC Bank for non-compliance with directives

The RBI had conducted a statutory inspection of bank with reference to its financial position as of March 31, 2022, based on supervisory findings of non-compliance with the central bank's directions

Finance Commission would listen to views of all, says chairman Panagariya

The Commission had separate meetings with the Telangana government led by Chief Minister A Revanth Reddy, representatives of political parties and local bodies here during its state visit

Conundrum of the credit-deposit ratio: Understanding RBI's concerns

The RBI is also concerned that the banks have turned to bulk deposits and certificates of deposit to mobilise funds, as retail deposits (both savings and term deposits) have become stagnant

Playbook Partners marks first close of maiden $250 mn growth fund

In response to strong institutional investor interest, the fund is using the green-shoe option and can grow up to $250 million, Playbook Partners said

Govt aims to extend additional Rs 5 trn via credit guarantees in 2 years

Credit guarantees worth of Rs 4 trn were extended in the last two years via the Credit Guarantee Fund Trust, said Rajneesh, Additional Secretary and Development Commissioner (MSME),

Raise states' share in central taxes to 50%: T'gana to 16th FinComm

The state government is suggesting that the formula for horizontal devolution be modified to add at least a 50 per cent weightage to GSDP (gross state domestic product) contribution

RBI rejects Canara Bank's bid for credit card subsidiary amid concerns

The decision by the Reserve Bank of India comes amid increasing concerns over the growing volume of unsecured loans in the banking sector

Oppn-ruled states to build pressure for fair share in 16 Finance Commission

A government source said Kerala and some other states have faced significant cuts in Central financial allocations, as recommended by previous Finance Commissions

Life Insurance companies' new business premium rises 22% in August

Non-life insurers report muted growth in premiums in August

54th GST Council meet: New GoM to look into rate on life, health insurance

The issue of taxation of insurance premiums had figured in Parliament discussions with Opposition members demanding that health and life insurance premiums be exempt from the GST

Tax on helicopter services for religious travel down at 5%: Uttarakhand FM

The 54th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is currently underway

Online gaming industry eyes relief as stakeholders await GST Council review

GST Council Meet: The gaming industry is hopeful that the meeting will address concerns over issues such as valuation, retrospective tax levies, and the impact of the new tax regime