Page 212 - Finance News

China's bank loans expanded at the slowest pace on record in February

The stock of aggregate financing - a broad measure of credit - expanded just 9%, also near a record low

Audit plays catalytic role in promoting efficiency, effectiveness: CAG

Speaking at the SRCC Business Conclave in Delhi, the CAG said different types of audit are taken up against the extant policies, rules, and standards prevalent at the time of audit

RBI steps up scrutiny of retail lending, targets top-up home loans

The scrutiny marks a change for the central bank, which recently said India's credit expansion did not point to building systemic stress

RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank

In November last year, RBI had superseded the Board of Directors of Abhyudaya Cooperative Bank for one year citing poor governance standards

RBI holds overnight VRRR auction to suck out banking system liquidity

The surplus liquidity in the banking system stood at Rs 13,377 crore on Wednesday, against Rs 4,356 crore on Tuesday, according to the latest data by RBI

Startup movement must be driven by domestic financing, says Amitabh Kant

While speaking at the CII Unicorn Summit, Kant said the nation needs to create a fund of funds to support young deep tech startups

Govt, ADB ink $23 milllion loan agreement to strengthen fintech ecosystem

GIFT City is an initiative of the Centre and the Gujarat government to foster India's financial services and fintech ecosystem, the finance ministry said in a statement

D B Realty raises Rs 920 crore by selling shares to institutional investors

The company launched its Qualified Institutional Placement (QIP) issue on March 7 and the issue was closed on March 13

Rupee depreciates 5 paise to 82.86 against US dollar in early trade

The rupee depreciated 5 paise to 82.86 against the US dollar in early trade on Thursday, tracking a negative trend in domestic equities.

RBI bars Federal, South Indian Bank from issuing co-branded credit cards

South Indian Bank has one co-branded credit card in partnership with the State Bank of India (SBI), available in two variants: SimplySAVE and Platinum

Government allows RBI to import gold without paying import levies

As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

NFRA to set up sandbox for supporting innovation in auditing techniques

NFRA chairperson Ajay Bhushan Pandey said that there is a need to enhance the trust in financial and non-financial reporting systems in India

Inclusion in global bond indices to up foreign interest in corp debt: Buch

"We are all delighted that now, government of India bonds will be part of the global indices," Buch said

RBI tells 2 banks to stop adding new customers to co-branded credit cards

RBI directed South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders did not disclose the reasons cited by the central bank

IIFL Finance to raise $242 mn via rights basis, non-convertible debentures

The company will raise the funds through the issue of shares on rights basis and non-convertible debentures via a private placement, it said in an exchange filing

Rupee depreciates 5 paise to 82.85 against US dollar in early trade

The US dollar held steady as traders weighed hotter-than-expected US CPI inflation which came at 3.2 per cent against last month's figures of 3.1 per cent, traders said

Fintechs lead small-ticket loans' volume with 77% market share: Report

Fintechs accounted for 50% of the loan volumes disbursed with a ticket size less than Rs 1,00,000 in FY18

As Rupee appreciates, importers take advantage of unexpected up move

The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

Give top priority to regulatory concerns, redressal: FIDC to member firms

FIDC said adherence to all applicable laws and regulations at all times is a sine qua non. Specifically, norms relating to Know Your Customer (KYC) and Anti Money Laundering (AML) should be followed

Complaints under RBI's ombudsman schemes soar 68% to over 7 trn in 2022-23

The complaints pertained to mobile/electronic banking, loans and advances, ATM/debit cards, credit cards, pension payments, remittances, and para banking, among others