Page 203 - Finance News

RBI proposes tighter rules for under-construction infra project financing

Indian banks had seen large defaults across infrastructure loans starting 2012-2013 on account of exuberant lending, which led to a strain on the country's banking system

Asian Development Fund to be replenished with $5 billion: ADB Prez Asakawa

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

RBI revises banks' capital market exposure norms for T+1 settlement

The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1

Banks' loans rose 19% in two weeks to April 19, deposits up 13%: RBI data

Outstanding loans fell Rs 98,700 crore ($11.84 billion) to Rs 16,400,000 crore in the two weeks to April 19

Dollar swap option returns to India after RBI rule change for lenders

The central bank, effective Friday, expanded the range of products banks can offer to eligible corporates, which included swaptions, or an option to enter into an interest rate swap

Rupee rises 9 paise to 83.37 against US dollar during early trade

Forex traders said the outflow of foreign funds and elevated level of crude oil prices, however, weighed on the Indian currency

Indian rupee to keep in a tight range amid RBI intervention: Report

The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more

NPCI, Bank of Namibia ink an agreement to develop UPI-like system

The development follows NPCI's push to take UPI rails international after breaking into other markets such as France, Sri Lanka, Singapore, and Mauritius

RBI lifts curb on Bajaj Finance's lending products 'eCOM', 'Insta EMI Card'

The Non-Banking Financial Company (NBFC) will resume sanction and disbursal of loans through both these business segments, including issuance of EMI cards

Morgan Stanley PE, India Life Sciences Fund inject Rs 1,000 cr into Maiva

The transaction includes both primary and secondary funding, the Bengaluru-based pure play injectables contract development and manufacturing organisation said

CFA bats for enhanced climate accountability measures in RBI's draft norms

Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements

RBI's forex intervention eases as conditions turn favourable for rupee

India's current account will wing to a surplus in the March quarter, economists said

India's government bond outflows in April not normal, say analysts

Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive

Infibeam's CCAvenue partners with Shivalik SFB to improve merchant access

Small finance bank's account holders will be able to make payments on websites 'powered' by CCAvenue, according to agreement

Economists push out RBI's interest rate cut forecasts to end of year

The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months

Rupee flat at 83.43 against dollar in trade as Fed keeps rate unchanged

The rupee had settled 2 paise higher at 83.43 against the dollar on Tuesday, a day after losing 7 paise on Monday

UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y

Fasting, IMPS and Apes transactions decline too in the month

Small finance banks to seek RBI clarification on loan book diversification

The AU SFB board will discuss future course of action soon. It says the focus is now on integrating with Fincare

US rates outlook, dollar clip emerging market local bond returns: Amundi

"That's obviously a big challenge these days as we have seen a repricing in rates," Strigo said during a media briefing, adding he now expected returns of around 5% in local fixed income

GST mop-up hits record on good economic momentum, efficient collections: FM

"GST collection crosses Rs 2 lakh crore benchmark, thanks to the strong momentum in the economy and efficient tax collections," she said