Page 206 - Finance News

India bond yields steady; focus on oil prices amid West Asia tension

The yield on the benchmark Indian 10-year note ended at 7.1779%, after closing at 7.1794% in the previous session

Rupee depreciates 6 paise to 83.44 against US dollar in early trade

Brent crude futures, the global oil benchmark, declined 0.31 per cent to $90.17 per barrel

BoB World app scam cases: FinMin pushes for enhanced KYC procedure

According to sources, there is a need to strengthen data security and data protection at the level of merchants and BCs as chances of compromise are higher at that level

Amended India-Mauritius tax treaty protocol yet to be notified: I-T dept

The Income Tax Department on Friday said the amended India-Mauritius protocol on double taxation avoidance agreement is yet to be ratified and notified by the department.

RBI rejects two more applications for setting up small finance banks

So far, the regulator has received 13 applications to set up banks under the guidelines for 'on tap' licensing of Universal Banks and Small Finance Banks

RBI rejects two applications for small finance bank under extant guidelines

The Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks.

Forex reserves jump $2.98 billion to new peak of $648.562 billion: RBI

In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high

Rupee declines 7 paise to 83.38 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 83.36 against the dollar and touched a low of 83.38 in the initial trade, registering a fall of 7 paise over its previous close

India's UPI transactions way more than US digital payments, says Jaishankar

External Affairs Minister (EAM) S Jaishankar said that India does transactions worth Rs 120 crore in a month

Rs 6,800 cr disbursed to beneficiaries of PLI scheme in FY24: DPIIT Secy

Singh says that PLI schemes on textiles, bulk drugs, food products and solar PV modules are likely to be tweaked

PhonePe partners with eSewa, HAN Pokhara to promote UPI service in Nepal

Over 3,000 merchants will participate in the festival with more than 1,00,000 visitors expected to visit

Rupee appreciates 15 paise to 83.16 against US dollar in early trade

Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels

High base, change in product mix to weigh on life insurers' margin in Q4

In March 2023, there was a surge in the sale of high-value non-participating policies after the Union Government's revision in taxation norms

Majority customers surveyed admit facing cashback trap online: Report

The firm said it received over 45,000 responses from users of online payment platforms from across 376 districts of India

Muthoot Microfin's AUM rose 32% YoY in Q4, loan disbursement highest ever

The AUM in the March quarter soared to Rs 12,194 crore as compared to Rs 9,208 crore during the same period a year ago

RBI Guv Das for greater participation of banks in rupee derivatives market

Currently, domestic banks primarily interact with global market-makers rather than end clients and have yet to establish themselves as significant market-makers globally

Co-lending book of NBFCs likely to touch Rs 1 trillion mark by June

The partners may increase their focus on other asset classes such as loans to micro, small and medium enterprises (MSME) and home loans, given higher risk weights for personal loans

India 10-year bond yield hits over 2-month high tracking US peers surge

India's headline retail inflation print is seen at 4.7% on-year in March, the lowest since May 2023, amid easing core inflation, Barclays said

Edelweiss Financial's Rs 200 cr NCD issue opens, to have 9-10.5% yield

The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23

Overnight swaps suggest RBI likely to hold interest rates through 2024

OIS markets reflect interest rate expectations, with higher rates indicating elevated interest rates for a longer period