Page 221 - Finance News
RBI MPC today: When, where to watch address of Guv Das and what to expect
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday
 "RBI MPC today: When, where to watch address of Guv Das and what to expect")
UAE wealth fund plans $4-5 billion in investments via India's GIFT city
Trade between India and the UAE totalled $85 billion for the financial year ending March 2023, according to Indian government data
 "UAE wealth fund plans $4-5 billion in investments via India's GIFT city")
HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers
Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers
 "HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers")
Rupee appreciates 2 paise to 83.03 against US dollar in early trade
Moreover, the weakness of the American currency in the overseas market also aided sentiments.
 "Rupee appreciates 2 paise to 83.03 against US dollar in early trade")
Rupee to gain slightly this year amid continued RBI intervention: Report
The RBI is still widely expected to cut rates later this year, but at a much slower pace than the Fed, so relative rupee strength may linger
 "Rupee to gain slightly this year amid continued RBI intervention: Report")
RBI allows HDFC Bank group to buy up to 9.5% stake in ICICI Bank, 5 others
The group will also acquire stakes in Axis Bank, YES Bank Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
Over Rs 15 trillion in direct tax mop-up comes in 'automatically'
Proportion of TDS, advance taxes in total collections inching closer to 80%
 "Over Rs 15 trillion in direct tax mop-up comes in 'automatically'")
Paytm Bank fiasco: All eyes on IT talent for bank and fintech boards
April 1 deadline for establishing board-level IT strategy committee
 "Paytm Bank fiasco: All eyes on IT talent for bank and fintech boards")
RBI conducts two VRRR auctions in a single day for the first time
The central bank will conduct another overnight VRRR auction of Rs 50,000 crore on Wednesday
 "RBI conducts two VRRR auctions in a single day for the first time")
More disclosures, status report now part of voluntary liquidation plan
Till financial year 2022-23, 1,562 companies initiated voluntary liquidation, of which final reports were submitted in 1,039 cases and 17 of these were withdrawn, according to the IBBI data
 "More disclosures, status report now part of voluntary liquidation plan")
Capital Small Finance Bank mobilises Rs 157 crore from anchor investors
The bank has allocated 33.53 lakh equity shares to 19 funds at Rs 468 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website
 "Capital Small Finance Bank mobilises Rs 157 crore from anchor investors")
No decision to introduce plastic notes: MoS finance to Rajya Sabha
As per the RBI Annual Report 2022-23, he said, 'The total expenditure incurred on security printing stood at Rs 4,682.80 crore for 2022-23. No cost has been incurred on printing of plastic notes'
 "No decision to introduce plastic notes: MoS finance to Rajya Sabha")
UPI payments failing amid server outages; NPCI working with banks
Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues, NPCI said in a statement
 "UPI payments failing amid server outages; NPCI working with banks")
Retail loan origination moderates in Q2 as lenders tighten credit flow
The CMI is a comprehensive measure of data to analyse changes in credit market health, categorized under four pillars: demand, supply, consumer behaviour, and performance
 "Retail loan origination moderates in Q2 as lenders tighten credit flow")
RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank
As per the data submitted by the bank, about 99.78 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC, the Reserve Bank said
Govt expects $1.8 billion in dividends from state-run banks in FY25
The government expects to receive at least Rs 15,000 crore ($1.8 billion) in dividends from state banks in 2024/25, up 8.7% or more from an expected Rs 13,800 crore in the current fiscal year
 "Govt expects $1.8 billion in dividends from state-run banks in FY25")
India to remain on alert for 'hot money' after bond index inclusion
The aim will be to "prevent volatility or volatile inflows" but "never" to restrict outflows, Somanathan said, adding that "all possibilities are open to keep volatility in check.
 "India to remain on alert for 'hot money' after bond index inclusion")
RBI likely to hold rates for a sixth straight meet; statement in focus
Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January
 "RBI likely to hold rates for a sixth straight meet; statement in focus")
Paytm CEO Vijay Shekhar, officials meet RBI to discuss regulatory concerns
Paytm has also been seeking clarity from the RBI regarding transfer of license for the wallets business and digital highway toll payment service Fastag, the source said
 "Paytm CEO Vijay Shekhar, officials meet RBI to discuss regulatory concerns")
HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks
RBI's approval is valid for one year from the date of RBI's letter, i.e., till February 4, 2025
 "HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks")