Page 211 - Finance News

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

RBI declines request to classify HDFC Ltd bonds as infrastructure bonds

HDFC bank had sought the RBI's approval to classify bonds with maturities between 7-10 years, worth around Rs 1.2 trillion, as infrastructure bonds

Collection efficiency for personal loans reduces in December: ICRA

Earlier, in October 2023, Reserve Bank of India Governor Shaktikanta Das had flagged the high growth in certain components of consumer credit, of which personal loans are a component

RBI directs all bank branches dealing in govt biz to remain open on Mar 31

Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), RBI said in a statement

RBI Guv, Sebi head meet FM ahead of interest rate meet next month

The minister separately held a meeting with Sebi Chairperson Madhabi Puri Buch at her North Block office, according to a post by Sitharaman's Office on X

Bond yields changed little ahead of US Federal Reserve's rate decision

The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%

HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

Infra lender NaBFID considers bond sale to raise up to $4.8 billion

NaBFID, as the institution is called, is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, the people said

Regulatory overreach? Sebi and RBI acting tough to restore credibility

Fintech firms in Bengaluru are complaining about regulatory overreach, as is the traditional finance industry in Mumbai.

Govt considers changing SARFAESI, DRT; to provide legal weight to e-notices

The committee headed by an Additional Secretary held several meetings, and discussions are in the advanced stage in this regard, sources told PTI

HR, technology integration key challenge for Fincare-AU SFB merger

AU Small Finance Bank may find it challenging to manage the asset quality of Fincare SFB's microfinance institution portfolio

Net direct tax collections rise 20% at Rs 18.9 trillion till March 17

At Rs 18.9 trillion, collection accounted for over 97 per cent of the revised estimates at Rs 19.45 trillion

Shriram Finance unit raises $300 mn via 'first of its kind' social bonds

The bonds, which come under the "social bonds" category and were issued to U.S. investors, were priced at a coupon of 5.85% late on Monday, inside the initial price guidance of around 6.15%

High-yield borrowers tap offshore bonds as investor appetite improves

The increased interest, visible in strong subscriptions for issues this year, is likely to push up offshore bond fund raising by Indian firms after it hit a 14-year low in 2023

Rupee falls 5 paise to 82.95 against US dollar on back of firm crude prices

The local currency moved in a tight range of 82.93 to 82.95 to a dollar in early deals. The rupee traded at 82.95, down 5 paise, against the US dollar at 9.15 am

Poonawalla Fincorp announces appointment of Arvind Kapil as MD & CEO

The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role

6 in 10 find hidden charges on online banking platforms, shows data

The survey received over 44,000 responses from users of online banking located in 363 districts of India. Its findings are related to 'dark patterns'

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

ASK Hedge Solutions aims to raise Rs 3,000 crore from AIF in 18 months

ASK Hedge Solutions on Monday said it is targeting to raise Rs 3,000 crore corpus from wealthy individuals and family offices in the next 18 months for its alternative investment fund.

Rupee appreciates 2 paise to 82.84 against US dollar in early trade

The local currency moved in a narrow range of 82.83 to 82.84 against the dollar in early deals. The rupee closed at 82.86 on Friday