Page 196 - Finance News

RBI balance sheet grows 11.08% to Rs 70.47 trn in FY24, income up 17%

Central bank's contingency risk buffer at 6.5% of balance sheet, says annual report

RBI plans regulations to bolster financial sector, says annual report

Measures to be more principle-based rather than entity-oriented

'Climate shocks' add uncertainty to inflation outlook: RBI annual report

Central bank highlights trading risks and, high reliance on bulk deposits of banks

Unclaimed deposits with banks rise 26% to Rs 78,213 crore: RBI report

Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released on Thursday.

PhonePe launches secured lending platform with banks, fintech firms

Walmart-owned fintech firm says service will help 535 mn users on its platform

RBI's increased scrutiny of banks, financial firms leads to restrictions

Since 2020, the RBI has placed business restrictions on many players

S&P raises India outlook to 'positive' ahead of Lok Sabha poll results

First outlook upgrade in 10 yrs lifts prospects of higher sovereign credit rating in 2 yrs

Some ARCs bypassing regulations, lack transparency: RBI deputy governor

They are 'using innovative ways to structure transactions', says Swaminathan J

Indian benchmark bond yields marginally higher mirroring US peers

U.S. yields rose, with the 10-year yield rising above 4.55%, as uncertainty over the timing and magnitude of rate cuts by the Federal Reserve in 2024 persisted

RBI bars Edelweiss ARC from acquiring financial asset with immediate effect

The central bank also bans Edelweiss arm ECL Finance from undertaking any structured transactions

Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan

The RBI has increased supervision of regulated entities to prevent systemic risks and to ensure that regulations are followed

HDFC Bank to stop SMS alerts for small UPI payments soon; details here

The private lender notified its customers via email and SMS that they will continue to receive email alerts for all UPI transactions

PM Modi's big victory expected to fuel Indian rupee's nascent rally

The currency, which has been at the mercy of the central bank's vise-like grip recently, is set for a breakout and poised for its best month in almost a year

RBI launches G-sec app, PRAVAAH portal: Here is all you need to know

'The launch of a mobile app for accessing the Retail Direct portal will provide greater convenience to retail investors and deepen the G-sec market,' said the RBI Governor

Rupee depreciates 9 paise to 83.27 against US dollar in early trade

The rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities and elevated crude oil prices.

Explain how ICICI engaged recovery agents despite SC bar: HC to chairman

The Supreme Court in the matter of ICICI Bank Ltd. Vs. Prakash Kaur (2007) had categorically held that the banks will not use the services of the recovery agents to recover the bank loans

RBI Governor Das launches portal for online application, approval

Starts app for retail direct; repositories for fintech, lenders

Bank credit growth to moderate to 14% in FY25 after robust growth: CRISIL

Higher risk weights, base effect, deposit challenge may weigh on growth

New tool against online fraud: Alerts for UPI, card, and net banking

Feature involves sending an immediate alert to the account holder before allowing any unusual or suspicious transaction initiated through their bank account

Link PAN with Aadhaar by May 31 to avoid higher TDS deduction: I-T dept

income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31