Page 194 - Finance News

PNB to expand overseas footprint, to open representative office in Dubai

As on March 31, 2024, PNB had presence in six countries by way of two subsidiaries (London-UK and Bhutan), one joint venture (Nepal), two representative offices (Myanmar and Bangladesh)

Statsguru: RBI's earnings from foreign currency assets rise significantly

Foreign currency asset earnings, which were more than twice the earnings from domestic sources, were the primary reason behind the boost in overall income in 2023-24

RBI opens gates for investors, companies to invest in overseas funds

The RBI issued a circular on Friday amending the Foreign Exchange Management (Overseas Investment) Directions, 2022, lifting several restrictions

India's foreign exchange reserves hit new peak of $651.5 billion

Governor Das expressed confidence that the central bank was well-positioned to meet the country's external financing requirements comfortably

Reserve Bank of India to set up platform to curtail payment frauds

Auto replenishment facility for Fastags, NCMCs, UPI Lite wallets

Consumers see further rise in spending over one year, says RBI survey

More respondents see inflation rise over one year

RBI monetary policy review: Bulk deposits limit for banks may be raised

Likely to be increased to Rs 3 cr

Monetary policy review: RBI resolutely on hold amid comfort over growth

India's GDP growth to remain strong, two members of the MPC see the need for monetary policy easing, likely to support growth. How does one reconcile the two?

RBI asks banks to rework biz plan, flags gap in credit, deposit rates

Warns microfinance institutions, NBFCs against 'usurious' rates on small loans

A model for Global South: RBI lays down goals for its 100th year

From Monetary Policy Framework review to safeguards against payment frauds & rupee internalisation, RBI lists 14 major goals

RBI will act only if inflation stays put at 4%, says Governor Das

The RBI is capable of handling the additional fund flows that will come in because of the country's inclusion in the J P Morgan bond indices, Das said

Sebi bags 'Best Conduct of Business Regulator' award by The Asian Banker

The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong

RBI permits customers to automatically replenish their UPI Lite wallets

The Reserve Bank on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets to promote small-value digital payments.

RBI-appointed auditor completes the special audit of IIFL Finance

Finance firm facing curb on gold loan business

PhonePe ties up with Sri Lankan ride-hailing player to enable UPI payment

Last month, PhonePe entered into a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka

Bajaj Housing Finance approves to file IPO to raise Rs 4,000 crore

The IPO would be subject to market conditions, approvals and regulatory clearances, the company added.

Over $23 bn of sustainable infra projects identified at IPEF eco forum meet

The statement of Singapore's ministry of trade and economy, which hosted the meet, out of the 69 projects, 20 investment-ready projects worth about $6 billion were presented to investors

RBI penalties surge 88% in last 3 years, KYC and AML top violations list

The Reserve Bank of India has collected Rs 78.6 crore from these penalties over three years, including 261 penalties in 2023 alone

India to spend up to $385 bn to meet renewable energy target: Moody's

India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target.

RBI Policy: What are the expectations from first MPC meet after elections?

Following the outcome of the Lok Sabha Elections, concerns have escalated over a potential deceleration in fiscal consolidation coupled with amplified welfare spending