Page 204 - Finance News

ATM deployers may get a boost; higher cash withdrawal may cost more

higher cash withdrawal may cost more

AU Small Finance Bank to double balance sheet to Rs 2.5 trn in 3 yrs: MD

Citing the example of HDFC Bank, Agarwal said, he would like to follow the model adopted by HDFC Bank -- growing business both organically and inorganically

Banks may have to slow down loan growth in FY25: S&P Global Ratings

Generally, loan growth has been led by private sector banks which see around 17-18 per cent growth, public sector banks on the other hand see loan growth in the range of 12-14 per cent

How to make insolvency law solvent

IBC has served purpose by creating the fear of god among rogue promoters. It's time to plug the loopholes in the law and make the defaulters understand that the IBC isn't just all bark and no bite

FIU notifies fresh terror financing reporting alerts for capital markets

These new guidelines have been issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year and published in a recently released report

Foreign exchange reserves drop to six-week low at $640.33 billion

For the week to which the foreign exchange data pertains, the rupee had fallen to a lifetime low of 83.5750 to the dollar but logged marginal weekly losses

RBI proposes 'digital-view' of loans to ensure transparency to borrowers

A digital view will provide a host of details to ensure that customers have prior information about potential lenders to make an informed decision on a loan product

RBI invites pleas from eligible SFBs to become regular, universal banks

The RBI, in November 2014, issued the guidelines for licensing of small finance banks (SFBs) in the private sector

RBI releases draft guidelines for web aggregators of loan products

While LSP can adopt any mechanism to ascertain the willingness of the lenders to offer a loan, the RBI said it should follow a "consistent approach" that must be disclosed suitably on their website

Rupee depreciates 5 paise to 83.33 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09% to 105.54

Fintech players likely to request RBI for a simpler merchant KYC process

It has proposed that payment aggregators will be required to undertake Contact Point Verification (CPV) of entities which involves physical verification of customers

RBI plans curbs on suspect bank accounts to fight cyber fraud: Report

The suspensions would target accounts frequently misused to transfer funds gained from cyber crime, both government sources said

RBI directs Talkcharge to stop PPI, wallet issuance; refund balances

The fintech firm offers services such as cashbacks, coupons, and wallets to customers

Credit card spends rise 27% to Rs 18.26 trillion in FY24: RBI data

As of March, the outstanding number of credit cards in the system was 101 million, inching up from 100.60 million at the end of February 2024

Loan for Vodafone Idea: Banks to check liabilities repayment schedule first

Telecom company Vodafone Idea needs to raise about Rs 25,000 crore through loans

India Inc to tap private credit to finance new projects, says PwC

Tax uncertainty is a big concern for PEs

RBI flags unauthorised forex entities offering exorbitant returns

In several instances, the transactions conducted in these accounts do not align with the stated purpose for their establishment

Rupee at 2-week high on improved risk appetite; forward premiums tick up

The dollar index declined on Tuesday and was last quoted at 105.6, while the Korean won and Indonesian rupiah rose by 0.4% each to lead the gains among the rupee's Asian peers

M&M Finance detects Rs 150 cr vehicle loan fraud, postpones board meeting

Stock down 5.5 per cent at close on BSE

PayU gets RBI's in-principle approval to operate as payment aggregator

The company said it can start onboarding new merchants on its platform with the in-principle approval