Page 200 - Finance News

Rupee appreciates 8 paise to 83.44 against US dollar in early trade

Forex traders said a negative trend in domestic equities and foreign fund outflows weighed on the local unit and restricted the up move

RBI asks NBFCs to stick to gold loan cash payout cap of Rs 20,000

Retail credit in India has been growing at a rapid clip, with loans against gold rising threefold over the last four years

RBI governor discusses ways to scale up UPI ecosystem with stakeholders

The meeting was attended by banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers

Higher provisioning may slow infra sector, but good for long term: Industry

While some other executives from the power industry say it may be too early to gauge any impact, some highway contractors refuse to comment on the move

NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay

BHIM Aadhaar Pay enables merchants to receive digital payments from customers over the counter through Aadhaar authentication, according to the NPCI website

NPCI likely to extend UPI market cap deadline for payment platforms

Paytm's UPI market share plummets; Google Pay and PhonePe continue to dominate digital payments in India

Indian Rupee likely to rebound to 82 per dollar on bond inflows: Fitch

The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, said Jeremy Zook who is a director at Fitch in Hong Kong

Credit flow to moderate, corporate bond issuances to rise in FY25: ICRA

The incremental credit flow was also supported by the all-time high corporate bond issuances of Rs 10.2 trillion during the previous financial year

Benchmark govt bond yields edge higher to 7.12% on profit booking

The benchmark 10-year yield ended at 7.1284%, following its previous close of 7.1068%, the lowest since April 10

Household savings dip over Rs 9 trn in 3 yrs to Rs 14.16 trn in 2022-23

The net household savings peaked at Rs 23.29 lakh crore in 2020-21. These have been on the decline since then, the data showed

Rupee appreciates 4 paise to 83.48 against US dollar in early trade

Forex traders said the strength of the American currency in the overseas market, elevated crude oil prices and foreign fund outflows weighed on the local unit and restricted the up move

Cerberus eyes private debt growth in India as shadow banks retreat

India is fast emerging as a big market for private credit activity, as global firms deploy billions, lured by the fastest-growing major economy

RBI provisioning norms singe PSU banks, infrastructure financers

Move will impact RoE, networth, say analysts

CBDC pilot programmes for CPs, CDs likely: RBI governor Shaktikanta Das

Says permanent deletion of transactions can make e-rupee anonymous and at par with cash

India and Ghana agree to operationalise UPI link within six months

India and Ghana also discussed the potential of a Memorandum of Understanding (MoU) on digital transformation solutions and a local currency settlement system

Short-term bond yields soften ahead of govt's buyback on Thursday

RBI announced its plan to repurchase securities worth Rs 40,000 cr

Govt adopted pro-poor approach in GST implementation: FM Sitharaman

"This demonstrates that the Centre & States, collectively, through better tax administration, are able to collect the same revenue with a lower burden on our taxpayers," she said

RBI to make digital currency available offline, says Governor Das

India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously

ICICI Bank enables UPI payments in India for NRIs via int'l mobile numbers

According to the bank, this will significantly enhance convenience of making everyday payments

FPSB India, IFSCA sign pact to promote GIFT IFSC as 'global finance hub'

FPSB India and IFSCA aim to enhance the financial market ecosystem and nurture skilled professionals for GIFT City's expanding financial workforce, the company said in a statement