Page 214 - Finance News

RBI tightens norms for credit, debit cards used with business accounts

Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary

RBI, Bank Indonesia partner to promote use of local currencies for trade

This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market

RBI, Bank Indonesia agree to use local currencies for bilateral trade

This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market

Fund pick: Franklin India ELSS Tax Saver

Fund pick of Franklin India ELSS Tax Saver

Processed pulses to attract GST, says AAR in case involving agri broker

Andhra Pradesh-based Gayatri Enterprises' GST policy was challenged by parties all over the country

Rupee appreciates 9 paise to 82.74 against US dollar in early trade

Brent crude futures, the global oil benchmark, fell 0.13 per cent to USD 82.85 per barrel

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

8 NBFCs to raise $2 bn through ECB after positive outlook for Indian firms

Overseas borrowing by Indian corporates and high-rated non-banking financial companies (NBFCs) is likely to grow as hedging costs are low and there is a softening bias of global interest rates

Google, Walmart gain fintech users from India as Paytm faces restrictions

Paytm's decline suggests consumers are moving usage to alternative services even before any disruption to its systems

GDP vagaries in election years: There are valid explanations for variations

But, in an election year, questions will be raised whether non-economic factors are at play

NPCI joins hands with IISc to conduct joint research on blockchain, AI

The partnership will focus on scalable blockchain platforms and multi-modal analytics over fintech data, NPCI said in a statement

No deficiencies in unit's loan sanctioning after RBI's action: JM Financial

The RBI reviewed the company's books, which showed it had repeatedly helped a group of its customers to bid for various IPO and non-convertible debenture offerings by using loaned funds

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

NBFC's stock falls another 20% after RBI bars it from disbursing gold loans

RBI directs credit card issuers to give users choice of other networks

RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks

Rupee turns flat at 82.90 against US dollar, resists downward pressure

At the interbank foreign exchange, the domestic currency opened at the previous day's closing level of 82.90 and oscillated between 82.89 and 82.91 against the greenback

Global index inclusion inflows help Indian Rupee buck EM currency losses

India's currency is likely to appreciate to 81 per dollar by end-December from around 82.9 on Tuesday, according to Credit Agricole SA and TD Securities

MCA starts comprehensive review of auditing standards regulations

MCA secretary Manoj Govil urged the corporate sector, including the CEOs and CFOs to improve upon the level of public trust within the business ecosystem as preparers of financial statements

Depositors can claim their unclaimed amount refund from DEA Fund

However, if the deposit amount is above the insurance coverage of DICGC, then the liquidator can claim the amount only on a reimbursement basis

30 banks join RBI UDGAM to search for recipients of unclaimed deposits

All unclaimed deposits/accounts that are part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched in the UDGAM portal

Borrowing cost of states declines by 4 bps to 32-week low of 7.40%

The fall in the pricing was despite a mild increase in the weighted average tenor to 15 years from 14 during the week