Page 179 - Finance News

Cross-border UPI payments in Nepal cross 100,000 within six months

Under the arrangement, Indian users in Nepal can make instant UPI payments across stores in Nepal using UPI-enabled applications

Rupee rises 8 paise to 83.89 against US dollar during early trade

Market analysts said while the rupee seems to be tilting towards a negative bias, but sharp fluctuations are not anticipated

RBI expected to step up intervention if the rupee touches 84 level

Indian currency tested a series of record lows in recent days but stopped short of crossing that key level

Banks' certificates of deposit fund-mop up more than triples in country

Strategy makes up for imbalance in banks' deposit and credit growth

Monetary policy: Some entities not following topup loan norms, says RBI

Credit card spend continues to see high growth despite risk weighting increase

Fintech solutions can positively impact income, savings: CEA Nageswaran

Says fintech industry should be aware of the challenges that fintechs may pose to society

Continuous clearing of cheques to speed up payments, enhance efficiency

The cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours

IBBI introduces self-regulatory guidelines for committee of creditors

To ensure their professional competence, the CoC must keep themselves updated with the provisions of the Code, rules, and regulations, according to the guidelines

RBI mandates fortnightly credit information reporting to boost transparency

Credit institutions (CIs) are required to report the credit information of their borrowers to credit information companies

Banks should offer innovative products, service to garner deposits: Das

However, the governor did not give any specific instructions as far as interest rates on deposits are concerned

RBI to set up public repository of digital lending apps to help customers

It will help people find out of a digital lender has a relationship with a bank or NBFC

RBI MPC Meet: Repo rate unchanged at 6.5%, check GDP, CPI projections here

The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2

RBI guv warns on deposit growth, urges banks to innovate fund mobilisation

He also flagged the issue of rising personal loan and urged banks to keep carefully monitor the credit growth in the segment

RBI to set up repository of lending apps to check unauthorised players

The central bank also announced an increase in the transaction limit for tax payments through UPI to Rs 5 lakh

GST authorities issue Rs 2,000 cr notice to 20 insurers operating in SEZs

An investigation by the Directorate of GST Intelligence (DGGI) found insurers wrongly extending tax exemptions to group medical insurance cover for employees of SEZ units and their families

Rupee trades in narrow range against dollar ahead of RBI's MPC outcome

RBI is set to hold rates for the ninth consecutive month but investors were hoping for a more dovish tone

RBI expected to hold rates, markets seek hints on possible future cuts

Investors are hopeful the RBI will soften its stance on inflation following the recent souring of global market sentiment

RBI Policy: MPC to announce repo rates today. When and where to watch?

RBI MPC meeting: A Business Standard poll earlier indicated that economic experts anticipate that the RBI is expected to maintain this status quo for the ninth consecutive policy review

Rupee weakens to new intra-day low as investors exited from carry trades

Market participants said that the RBI asked some banks to refrain from speculative trading against the rupee

Mushrooming mule accounts fuel rise in financial frauds, says official

This represents a more than 10 fold increase over the four year period, underscoring the growing sophistication of fraudsters and exposing vulnerabilities within the financial system