Page 218 - Finance News

Take more steps to curb unauthorised lending apps: FM to regulators

The FSDC deliberated on issues related to macro financial stability and India's preparedness to deal with them, an official statement said after the meeting

Reserve Bank bolsters oversight of fintech firms with more inspections

All the sources declined to be named as they were not authorised to speak to the media

Lenders form panel to protect bank executives against graft cases

The committee, headed by D C Jain, a former senior officer with the CBI, is expected to suggest ways to protect bank executives from arbitrary actions related to loan decisions

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Rupee appreciates 6 paise to 82.91 against US dollar in early trade

However, selling pressure from foreign equity investors amid elevated level of crude oil prices resisted a sharp gain in the domestic currency, analysts said

10 states, 2 Union Territories raise Rs 28,000 crore at bond auction

The weighted average cut-off of the state securities was unchanged at 7.46 per cent from last week, despite a mild decline in the weighted average tenor to 13 years from 14 years during same period

India decides to study the proposal for Brics currency, minus China

For India, a currency common with China is a big anathema, primarily because of the adversarial position Beijing has pursued politically and economically with India, which has only hardened

Paytm Payments Bank, RBI controversy: How will it impact the customers

The company, part of One97 Communications, is a leader in Indian fintech and faces challenges of regulatory scrutiny and customer uncertainity

Expectations of fresh round of private capex to fuel growth: RBI Bulletin

It further said the Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high frequency indicators

RBI net bought $2.07 billion in spot foreign exchange market in December

The RBI said it purchased $31.73 billion and sold $29.66 billion in the spot market. In November, it had sold a net $1.93 billion

Rupee appreciates 2 paise to 82.99 against US dollar in early trade

Forex traders said, however, a strong American currency, withdrawal of foreign funds and subdued equity market sentiment kept the local unit under pressure

Fundraising in India to be stronger than ever over next 2 years: BofA

Purohit expects between 5 and 10 tech firms and two or three local subsidiaries of multinational companies to launch initial public offerings in the period.

16th Finance Commission: Centre to replace Rajadhyaksha as member

Niranjan Rajadhyaksha was appointed as a member to the 16th Finance Commission on January 1, 2024

StanChart to continue focus on wealth management in India: Senior executive

Credit card 'core business' but will avoid competing with the country's private banks, says Kusal Roy

Defying trend: Earnings growth no match for rally in CPSU stocks

Valuation rerating largely behind surge in mcap

Target for Ujjivan Small Finance Bank: 40% secured loan portfolio in 3 yrs

The bank's capital adequacy ratio saw an impact of 80 basis points after the Reserve Bank of India's (RBI's) decision to increase the risk weight on personal, unsecured, and other loans

Artha Global's Rajadhyaksha expresses inability to join Finance Commission

The government had on January 31, appointed four members of the 16th Finance Commission chaired by Arvind Panagariya

Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P

Company to benefit from infusions by the Tata group and planned IPO, says rating agency

Banks to conduct performance review of advocates to fast-track DRT cases

The meeting was also attended by senior officers from the public and private sectors banks; chief executive officer (CEO), Indian Bank Association

Not planning harsher rules to curb fintech, says RBI's P Vasudevan

There are "no harsher measures coming on fintech," P. Vasudevan, an executive director in charge of enforcement at the Reserve Bank of India, said on Friday