Page 187 - Finance News

RBI imposes penalty on YES Bank for not exchanging mutilated notes

RBI imposed a monetary penalty of Rs 10,000

Only 7% of MSME credit to women; low female labour force limits growth: RBI

RBI executive director Nigam said there also need to up credit supply to women, pointing out that only 7 per cent of overall outstanding loans to micro, small and medium enterprises to women-led biz

Rupee rises 5 paise to 83.45 against US dollar during early trade

Forex traders said rising crude oil prices weighed on investor sentiments and restricted the upside

India's UPI goes live at Galeries Lafayette, eyes Paris Olympics boost

Ambassador of India to France and Principality of Monaco Jawed Ashraf launched UPI by live use

Result preview: Cost of deposits to weigh on banks' margins in Q1

According to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit

India launches UPI payments at world-renowned Galeries Lafayette in Paris

India has launched the Unified Payments Interface (UPI) at Paris' historic department store Galeries Lafayette after a successful launch at the iconic Eiffel Tower.

Banks to see treasury gains in Q1 as government bond yields soften

Gains limited due to new investment norms

Food of the Frontier: Why Indians love this cuisine of slow cooking

Food from Pakistan's mountainous province is tender and avoids spices

Fundamentals strong for global fintech

Funding for the sector hit a three-year low last year but revenues improved

NBFCs' consumer, gold loan sanctions shrink sequentially in Q4FY24: FIDC

Personal loans also showed moderation, with sanctions by finance companies growing by just 1.4 per cent sequentially in Q4FY24

RBI Governor Das asks banks to step up efforts to fight digital frauds

RBI governor, deputy governor met CEOs of public sector banks, private banks

Bank of India plans to raise up to Rs 5,000 crore via infra bonds

BOI's infrastructure loan book stood at Rs 58,860 crore at the end of March 2024

Liquidity surplus improves to two month high on govt spending, redemption

Consequently, the yield on 3-month and 6-month treasury bills fell by 2 basis points, whereas that on 364-day bills fell by 1 basis point compared to last week

NBFCs' consumer, gold loan sanctions shrink QoQ in Q4 FY24 after RBI action

Regulator last year hiked risk weights for unsecured loans and put curbs on IIFL Finance, a large player in gold loan business

Crypto exchange platform CoinDCX acquires MENA region's BitOasis

This comes nearly ten months after CoinDCX invested in the company, marking one of its earliest investments in the MENA region

Tax tribunal rulings open doors to more firms claiming CSR deductions

Orders expected to settle matter but chances of the authorities questioning such deductions not ruled out, say tax experts

Federal Bank Q1 results; Advances up 20%, total deposits grow 19.6%

Retail credit book grows 25%, according to internal classification of the bank

Rupee falls 5 paise to 83.53 against US dollar during early trade

Forex traders said the rupee is trading in a narrow range as US dollar buying by oil companies and Foreign Portfolio Investors (FPIs) further dented investor sentiment

PM Narendra Modi likely to finalise 100-day agenda after Union Budget

A second senior official said a lot of the 100 days agendas will be 'milestone based' with timelines for achieving targets for social sector schemes

Nine NBFCs including Fino Finance surrender certificate of registration

Ujjivan Financial Services Ltd surrendered the CoR as it ceased to be a legal entity due to amalgamation