Page 217 - Finance News

Modi-govt focussed on innovation, tech development: Nirmala Sitharaman

She inaugurated the fifth campus of BITS Pilani in Mumbai, spread over 63 acres and with an investment of Rs 1,500 crore

Under-employment a problem for India: Panagariya as he pitches for reforms

The country still needs to fix labour and trade laws, he said, adding that, "compared to other countries, protection level is higher that needs to come down."

RBI allows banks, non-banks to issue PPIs for public transport systems

The regulator amended guidelines for prepaid payment instruments for mass transit systems (PPI-MTS). It said such PPIs can be issued without Know Your Customer (KYC) verification of the holders

RBI receives bids worth Rs 2.08 trillion at the 13-day VRR auction

RBI will conduct a 3-day VRR auction on February 26 to infuse Rs 1.5 trillion into the system

Use of AI can prevent stressed assets: IMF ED Krishnamurthy Subramanian

Subramanian said India should follow the global practice where the bourses and the regulator need to be informed when there is a violation of a technical covenant

Govt permits GSTN to share data with RBI's frictionless credit platform

The move will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information

RBI allows banks, non-banks to issue PPIs to commuters for public transport

PPIs are instruments that facilitate the purchase of goods and services, financial services, remittance facilities etc, against the value stored therein

RBI MPC minutes: Caution stays in last leg of fight against inflation

Patra said it was only when the inflation rate subsided and stayed close to the target lastingly that policy restraint could be eased

Angel One plans to raise Rs 2,000 cr to tap opportunities in fintech space

The stockbroker plans to move beyond equity and mutual funds and will offer distribution of credit and fixed-income products

RBI to conduct 13-day VRR auction to infuse Rs 1 trillion on Friday

Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system has been largely around Rs 2 trillion in the period

As online frauds rise, all you need to know about Pig Butchering Scam

The term "pig butchering" refers to the process of fattening the victim emotionally before ultimately deceiving them financially

PFRDA amends regulations for Trustee Bank, Central Recordkeeping Agency

Both amendments are in line with the 2023-24 Union Budget announcement to review regulations to reduce the cost of compliance and enhance the ease of doing business

BS-IMGC India conclave: Redefining role of financiers in housing ecosystem

To ensure housing for all, the chiefs of housing financiers pinned their hopes on the reintroduction of a scheme similar to the credit-linked subsidy scheme (CLSS), which ended in December 2023

Fund pick: Axis Bluechip Fund

Fund pick of Axis Bluechip Fund

'Sidbi's outstanding to MFI sector to touch Rs 10,000 cr this fiscal'

In the last financial year, the refinancing development financial institution (DFI) had an outstanding of Rs 5,000 crore to the NBFC-MFI sector, the official said

ADB approves $23 mn loan to boost fintech education, research in Gujarat

In a statement, ADB said the project will construct an inclusive, sustainable, and climate-resilient International Fintech Institute (IFI) inside GIFT

Rupee appreciates 4 paise to 82.92 against US dollar in early trade

Forex trader said, however, the Indian currency was under pressure due to subdued equity market sentiment and elevated level of crude oil prices

What makes Indian fintech fast and furious, but also a little fraudulent?

Know-your-customer, or KYC, regulations aren't easy anywhere. But fintech adoption in India has done more than just open the floodgates to financial inclusion

Regulators should respond fast to financial sector accidents: Uday Kotak

He said the scars of the past should not make regulators too conservative or cautious but there should be a better regulatory environment

PFRDA eases business processes with simplified trustee appointments

NPS Trust has been established by the PFRDA for taking care of the assets and funds under the NPS