Page 194 - Finance News

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

MPC meeting: How has inflation behaved since RBI hiked repo rate last year

The expectations for the RBI panel to begin cutting interest rates soon are there, however, the exact timing remains uncertain

Indian bond yields dip as focus moves to US after weaker mandate for Modi

Focus has shifted to US bond yields and oil prices, with the market digesting Prime Minister Narendra Modi's smaller victory margin for a third term.

Fintech firm Fibe raises $90 mn in funding round led by TR Capital

Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others

Peru to adopt UPI technology, first South American country to do so

India's NIPL inks pact with Peru's central bank to develop the technology

RBI expected to hold rates on Friday as economic growth stays robust

The MPC last changed rates in February 2023, when the policy rate was hiked to 6.5%

RBI's Monetary Policy Committee second meeting of FY25 from June 5-7

A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time

Rupee gains 7 paise to 83.44 against US dollar during early trade

Forex traders said the rush for value-buying triggered an uptrend in equity markets, boosting the local currency