Page 181 - Finance News

Discouraging retail play in F&O may help banks attract more deposits: Khara

Khara said the budget announcements like the tweaks on the short-term and long-term capital gains will not lead to much gains

FinMin tells insurers to expedite claims for Wayanad landslide victims

The insurance companies have initiated efforts for reaching out to their policyholders through various channels to provide the contact details for assistance

Junk papers share of total bonds value at 20-month high in July

From December 2022 till June 2024, non-investment grade bonds accounted for less than five per cent of the value of total issuance

Second sovereign green bond auction of FY25 receives a muted response

The first green bond auction of this financial year was cancelled on May 31 for similar reasons

Finance Minister Nirmala Sitharaman to address RBI board on August 10

The net tax receipts are estimated at Rs 25.83 trillion, she said, adding that the fiscal deficit is estimated at 4.9 per cent of the GDP

Lenders expect spurt in digital lending, deposit mobilisation in 5 years

44% of them expect to collect more than 50% of deposits through online modes

Rupee turns flat at 83.73 against US dollar amid high crude oil prices

According to forex traders, the Indian currency found support due to softening dollar against major rivals

Rupee near all-time low, RBI intervention expected to limit losses

The rupee had declined to its all-time low of 83.7450 on Wednesday

RBI may give NBFCs access to public tech credit platform for data flow

PTPFC knits data residing in various entities like governments, account aggregators, banks, credit information companies

Small Indian banks back online after ransomware attack, says NPCI

India has about 1,500 cooperative and rural regional banks, which largely serve customers in hinterland areas, one-fifth of which were affected by the attack

NPCI reestablishes connectivity with C-Edge following ransomware attack

C-Edge, a joint venture between State Bank of India (SBI) and Tata Consultancy Services (TCS), is a technology service provider that offers services to cooperative and regional rural banks

Abolish tax on life, health insurance premiums: Gadkari writes to FM

Gadkari said in his letter that he is writing to the finance minister following a memorandum from the Nagpur Divisional Life Insurance Corporation Employees Union

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore

Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday

RBI releases draft rules on AePS to counter frauds on payments system

Banks and the National Payments Corporation of India (NPCI) are required to comply with these directions within three months from the date of issue of the guidelines

Retail credit growth moderates to 16.6% in June 2024, shows RBI data

Growth in personal loans; credit to NBFC down sharply

Most fintech, banking apps tap into users' location, other information

Calling them "most sensitive permissions", the Report on Currency and Finance highlighted that fintech apps often collect personal data, potentially invading users' privacy

RBI to keep popular govt bond tenors free of foreign investment curbs

The decision on exclusions from the FAR category is not based on any consideration of volatility

Rupee rises 2 paise to 83.71 against US dollar during early trade

Forex traders said the rise in Brent crude oil prices offset the rupee's gains following the decline in dollar rates overseas

RBI to hold interest rates steady in August, first cut expected in Q4: Poll

A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June

Longer tenure bond yields harden after RBI's FAR securities curb

Inflows into shorter tenure bonds likely to be boosted