Page 202 - Finance News

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

IIFL Finance facing liquidity crunch after gold loan business curbs: Report

"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said

Bond buyback signals RBI's easing stance, may switch to neutral, says Citi

While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity

Rupee appreciates 3 paise to 83.42 against US dollar in early trade

Indian rupee has not been able to make a dent against the dollar as FPIs and oil companies continue to buy US dollars and ensure it remains range bound

Rupee to track Asian peers; bonds eye moves in US yields, foreign flows

The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week

Indians make 10-12 billion cashless payments: Jaishankar on digital infra

Jaishankar said that India will play a big role in global economic development due to the strength of its structural soundness

Securitisation market booms as shadow banks diversify funding sources

Sector is expected to grow further as credit demand grows, say senior executives

Outstanding credit to housing up by Rs 10 trillion in last 2 years: RBI

The data also showed that the credit outstanding towards commercial real estate stood at Rs 4,48,145 crore in March 2024. It was at Rs 2,97,231 crore in March 2022

India urges ADB not to overlook its focus on growth, shared prosperity

ADF is ADB's largest source of grants for operations in its poorest and most vulnerable developing member countries and is replenished every four years

Govt announces bond buyback: Short-term yields to soften, liquidity to ease

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

India, Ghana agree for operationalisation of UPI on Ghana interbank systems

NPCI International has recently announced its partnership with Bank of Namibia to support them in developing a UPI-like real-time payment system in the African nation

Financial Intelligence Unit arms itself with AI to check money laundering

upgrade of the technological backbone was required as the volume of data (suspicious transaction reports) flagged by banks and various other financial institutions to the FIU

RBI proposes floor for banks' loan exposure for project finance

Standard asset provision suggested at 5 per cent in a phased manner

RBI allows standalone primary dealers to borrow in foreign currency

May access overdraft facilities in nostro accounts solely for operational use