Page 197 - Finance News

Rupee appreciates 3 paise to 83.10 against US dollar in early trade

On Monday, the rupee pared its initial gains and settled for the day lower by 3 paise at 83.13 against the US dollar

RBI to buy back government bonds worth Rs 40,000 crore on Thursday

Bond market participants said that the auction is expected to witness tepid demand as banks might refuse to sell bonds at a loss

RBI's notification on partly paid AIF units puts industry in a bind

Move to help regularise units issued to FPIs amid concerns on fee outgo

Multinationals post 45.2% growth in net profit in FY23, shows RBI data

Post-pandemic improvement in margins boosts bottom line

Govt will buy back sovereign bonds worth Rs 40,000 crore, says RBI

The securities offered for buyback are four government bonds with maturity dates in the second half of 2024, the Reserve Bank of India (RBI) said in a statement

Rupee appreciates 4 paise to 83.06 against US dollar in early trade

Forex traders said the weakness of the American currency in the overseas market supported the rupee, while elevated crude oil prices in the international market restricted the upmove

'Most SFBs would not clamour to become universal banks if RBI eases curbs'

To promote financial inclusion in the country, RBI, in 2014, issued the guidelines for licensing of small finance banks (SFBs) in the private sector

India should impose tax on ultra-wealthy to tackle wealth inequality: Study

The paper said that the taxation proposal needs to be accompanied by explicit redistributive policies to support the poor, lower castes, and middle classes

Rupee appreciates 12 paise to 83.17 against US dollar in early trade

Brent crude futures, the global oil benchmark, advanced 0.05 per cent to $81.40 per barrel

With PA approval, fintech firm Decentro launches new payment stack

The company has launched fintech products such as collections on Unified Payments Interface (UPI) and will introduce recurring payments in the next few weeks

Urban co-operative banks not interested to become SFB: RBI's Satish Marathe

UCBs will also have to comply with the latest guidelines for on-tap licensing of SFBs in the private sector

Danske Bank opposes majority, says rupee bulls wrong as record low looms

The Reserve Bank of India is expected to let the rupee weaken steadily to help local manufacturers fight higher inflation and support exports

AI to help Mastercard find compromised cards before criminals can use them

In its latest software update rolling out this week, Mastercard is integrating artificial intelligence into its fraud-prediction technology that it expects will be able to see patterns in stolen cards

RBI board approves surplus transfer of Rs 2.11 trillion to govt for FY24

The RBI said the board decided to raise the contingency risk buffer to 6.5% from 6% previously

Bank of America bullish on rupee despite election led market volatility

The rupee inched up 0.1 per cent to 83.22 per dollar on Wednesday, the highest since April 10

Rupee appreciates 7 paise to 83.24 against US dollar in early trade

On Tuesday, the rupee appreciated 6 paise to close at 83.31 against the US dollar

Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target

A big surplus transfer will help the government in meeting any shortfall in disinvestment receipts and create room for funding welfare programmes after the elections

Finance Ministry asks PSBs to review their IT disaster preparedness

Initially, the government directed major banks such as SBI, BOB and Canara Bank to assess their disaster recovery systems

Only 2% personal guarantee claims recovered under IBC so far: IBBI

One of the initial challenges of the process was whether a banker's agreement with the company and the personal guarantor is interlinked or separate

Reserve Bank of India net dollar purchases in FY24 highest since FY21

March dollar purchase highest since June 2021