Page 210 - Finance News

Rupee's decline to record low triggers biggest selloff in Indian bonds

The selloff came on the day when the rupee fell by the most in six months

Rupee trades in narrow range against US dollar in early trade today

On Tuesday, the rupee recovered from all-time low levels and appreciated 32 paise to close at 83.29 against the US dollar

NBBL to begin work on net banking interoperability from April: Report

The RBI had earlier approved an interoperable system saying it will standardise settlement cycles for merchants, improve customer grievance mechanism

Rupee recovers from all-time lows; rises 29 paise to 83.32 per dollar

India's forex reserves increased by USD 6.396 billion to $642.492 billion for the week ended March 15, the Reserve Bank said on Friday

Explainer: What are meme coins and should you add them in your portfolio?

Started as a humorous, satirical take on the internet and often lacking in any real underlying value, these coins have gained significant popularity

Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA

That's because of the recent rise in risk weights by the Reserve Bank of India for NBFC exposures

NBFC's mission to diversify funding may see them struggle in the quest

Mint Road's nudge to NBFCs to diversify their funding will change the game. NBFCs claim they have been caught off guard, but the issue was flagged by RBI Governor

Growing fast, fintech needs a way to keep watch on itself

Global banking generated $6.5 trn as revenue in 2022: Fintech had 5% of the same. But by 2028, fintech revenues are expected to grow three times faster

How the RBI is minting a new nationwide currency logistics framework

RBI issues, manages currency through 19 offices, currency chests, small coin depots

RBI's special audit to probe regulatory breaches of IIFL Finance, JMFPL

Banking regulator seeks interest from Sebi-empanelled audit firms to conduct the audit

RBI offices, bank branches for govt biz to stay open on Mar 30& 31

Special clearing operations for cheques

FSIB selects Girija Subramanian as CMD of New India Assurance Company

Bhupesh Sushil Rahul selected as CMD of United India Insurance Company

SROs must promote a culture of compliance among members, says RBI

The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs

Punjab National Bank raises Rs 1,859 crore in capital via AT-I bonds

Rating agency ICRA has assigned an "AA+" rating to the AT1 bonds of PNB

Robust regulations must to check digitalisation risks: RBI dy guv

The senior RBI official emphasised that consumers may struggle to resolve disputes or obtain compensation due to lack of transparency on the part of such players

Consumers may struggle in disputes with digital platforms: RBI dy governor

Platforms provide 'immense benefits' but the risk of misuse and fraud increases, says Swaminathan J

'Lenders to chase corporate bonds as new investment rules kick in'

Currently banks can hold up to 23% of their deposits under HTM as investments in government bonds and state debt and this cap will be removed in April

Banks should pass reasoned orders while declaring entity defaulter: HC

According to the plea, in July 2022, the Union Bank issued show cause notice to the IFIN and Patel saying it had formed a prima facie view that they deserved to be declared as willful defaulters

Banks' asset quality to improve in next six months as economy grows: Survey

FICCI, Indian Banks' Association survey had 23 respondents represent 77% of industry by asset size

Rupee rebounds 14 paise to 83.05 against dollar as US Fed indicates cuts

The Indian currency gained strength as the US Federal Reserve indicated three rate cuts this year despite sticky inflation. The US Fed kept its interest rates unchanged in the policy meeting