Page 192 - Finance News

RBI broadens public engagement: 72 consultations held in three years

Between 2021 and 2024, RBI conducted 72 public consultations across various regulatory and supervisory areas, providing 15-60 days for feedback

Data to diversification: 7 things digital lenders must do to manage risks

Assessing is challenging for digital lenders as they have to rely on alternative data sources and algorithms to evaluate creditworthiness

CBIC cautions public to stay alert against frauds in name of Indian Customs

CBIC said various incidents have come to light through news portals/social media platforms of fraudulent persons posing as Indian Customs officers

Non-life insurance companies report 15.5% increase in May premium

Among the companies, the industry leader, New India Assurance Company, saw a marginal drop of 0.67 per cent Y-o-Y in premium to Rs 2,404.34 crore

Lenders seek better terms to increase green and sustainable financing

According to current norms, for Rs 10,000 crore of loans, banks have to ensure Rs 4,000 crore of priority sector lending target

New 160 number series for service calls to reduce spam, says Trai

DCA facility discussed in meeting with RBI, sectoral regulators and 25 plus banks on Friday

Irdai issues circular to create single reference for all periodic returns

The insurance regulator has taken up a comprehensive review of the regulatory framework for the insurance sector, to facilitate ease of doing business and reduce compliance burden

Foreign banks bought Indian govt bonds worth Rs 8,038 cr on Jun 13: Data

These banks stepped up purchases after a softer-than-expected US inflation print ramped up rate cut bets, with India's inclusion in JPMorgan's emerging market debt index also a factor, traders said

India Inc seeking Rs 5 trillion credit to fund capex: SBI Chairman Khara

Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for credit to fund working capital requirements, said SBI chief

Tamil Nadu govt waives Rs 6,000 crore cooperative bank gold loans

After Stalin became the Chief Minister he announced that gold loans taken from cooperative banks till March 31, 2021, would be waived and accordingly a government order was issued

RBI approves Aurionpro Payments plea to become online payment aggregator

The authorisation from the apex bank enables the company to operate as an online payment aggregator to provide digital payments services to merchants across the country

Rupee depreciates 6 paise to 83.54 against US dollar in early trade

Forex traders said the local unit also faced some resistance owing to subdued macroeconomic data on the domestic front

Deposit rates at peak; will move downwards in medium term: SBI Chairman

The country's largest lender also said the RBI may start easing the interest rate cycle from the third quarter of the current financial year

Regulator Irdai mandates life insurers to provide loans against policies

The regulator has also allowed policyholders an option of partial withdrawal under pension products

DFS organises workshop in collaboration with Google on financial frauds

The workshop was attended by Vivek Joshi, secretary, DFS, senior officials of public sector banks, DFS, and the National Payments Corporation of India (NPCI)

Technical glitch in bank-RBI liquidity management system resolved

The technical glitch prevented the ASISO facility in e-Kuber - the core banking solution of RBI - which is automatically triggered around midnight, from processing, said dealers

Technical glitch halts RBI's liquidity management system: Explained

This is the first glitch experienced by the ASISO system in four years since its installment by the RBI

RBI's reserve maintenance system for banks fails on Tuesday, say traders

Indian banks need to park 4.5 per cent of their net deposits with the central bank and must maintain at least 90 per cent of this requirement every day

RBI likely intervened in NDF to stop rupee from hitting record low: Traders

The rupee was at 83.5525 to the US dollar, only marginally away from the 83.5750 all-time low it hit in April

Rupee appreciates 5 paise to 83.54 against US dollar in early trade

On Tuesday, the rupee settled for the day lower by 9 paise at 83.59 against the US dollar