Page 224 - Finance News

Chhattisgarh's Raipur Municipal Corporation plans to issue green bonds

The RMC is seeking to raise Rs 200 crore. The proposal is in the final stages. And, a detailed project report has been prepared to utilise the funds raised from the bonds, an official said

Rupee depreciates 4 paise to 83.15 against US dollar in early trade

Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities was negated by foreign fund outflows

Proposed RBI framework set to give money-changing business a makeover

The stage is being set for integrated players: Those offering tourism-related services, forex and cards

Taking the lead: Rupee best-performing Asian currency so far in January

Market participants expect rupee to appreciate further in the current calendar year

Fintech association launches awareness campaign about cyber fraud

Spotting fake lending apps and reporting online financial fraud will be part of Fintech Suraksha

Fresh NPS adoption by corporate sector slips to 34-month low in Nov: NSO

Data shows that the addition of new monthly subscribers under the corporate segment fell by approximately 25 per cent to 7,728 in November from 10,341 in October

Govt, RBI actively working on CBDC to enable cross border payment: FM

RBI has already rolled out a pilot in the retail version of CBDC or the e-rupee on December 1, 2022. The e-rupee is in the form of a digital token that represents legal tender

Commercial bank credit up 16.02% till January 12, shows RBI data

Sequentially, it grew by 0.09 per cent over the previous fortnight ended December 29, 2023. The outstanding credit stood at Rs 154.04 trillion as of January 12, 2024, according to RBI data

Indian Bank wholly-owned subsidiary to begin operations in FY25, says MD

The subsidiary would largely focus on back-office processing, collection, sales and marketing, Indian Bank Managing Director and CEO Shanti Lal Jain said

Govt bond yields decline, end flattish for week with eyes on budget 2024

The benchmark 10-year yield ended at 7.1760%, following its previous close at 7.1835%. Indian markets are shut on Friday for a holiday

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

The lender's quarterly earnings last week prompted a sharp 15% decline in the stock, even as its profit beat expectations, as analysts raised concerns about lending margins

Amid muted equities trend, Rupee opens flat against dollar in early trade

The rupee opened on a flat note against the US dollar in the morning session on Thursday, amid a muted trend in domestic equities

RBL Bank targets 20% loan growth over next two financial years: CEO

"We are trying to get into areas which are futuristic ... and have a better management of the capital," R Subramaniakumar told Reuters in an interview

Govt allows direct listing at IFSC to enable local cos raise global capital

The move will enable startups and other domestic companies to access the global market and raise capital in foreign currency through GIFT IFSC

PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report

Exits by funds jumped 36 per cent to $24.8 billion but were still lower than the $39.6 billion in 2021

Burden to call for curing of defects in tax return on assessing officer: SC

In appeals filed by the Revenue, the High Court reversed the finding of the Tribunal. Challenging the order of the High Court, the firm and its partners moved the Supreme Court

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis

Bank credit expansion projected at 15% in FY24, 12% in FY25: ICRA

The agency had earlier estimated a 12.8-13 per cent credit demand for this fiscal

India's banking system liquidity deficit hit record high, shows data

The deficit widened to Rs 3.34 trillion ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed

Rupee opens on flat note against US dollar in early trade on Wednesday

In the initial trade, the rupee touched an early low of 83.16 against the US dollar