Page 227 - Finance News

RBI panel makes several suggestions on state government guarantees

The Reserve Bank has released the 'Report of Working Group on State Government Guarantees' on its website

IREDA, Indian Overseas Bank partner to co-finance renewable energy projects

The agreement was signed in the presence of IREDA CMD Pradip Kumar Das and IOB MD and CEO Ajay Kumar Srivastava in the national capital, a statement said

Shriram Finance to issue over 3 yr dollar denominated bonds: Bankers

The funds will be used to support social projects and other activities allowed under the Reserve Bank of India's external commercial borrowing guidelines, a term sheet showed

Bank of Baroda to raise up to Rs 5,000 cr via infra bonds in Jan: Bankers

The state-run bank is likely to invite bids from bankers and investors for the proposed issue this month, they said

Dollar up 0.47%, hits 1-month high amid tempered expectations of rate cut

Comments from European Central Bank officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally

Rupee depreciates 11 paise to 82.97 against US dollar in early trade

Brent crude futures, the global oil benchmark, inched up 0.01 per cent to $ 78.16 per barrel

Indian rupee can become a winner only if RBI loosens its grip on currency

"The Reserve Bank of India will let the rupee appreciate only gradually," said Dhiraj Nim, economist and forex strategist at Australia & New Zealand Banking Group

Fund mobilisation through private bond placements hit all-time high in 2023

The highest mobilisation in 2023 came from All-India Financial Institutions and banks, accounting for Rs 4.71 trillion, representing a 29 per cent increase from the previous year's Rs 3.66 trillion

RBI releases draft norms for fintech self-regulatory organisations

Proposes that entities should have robust IT infra, ability to deploy tech solutions within reasonable time

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs

Substantial time has elapsed since Government owned NBFCs were brought within the ambit of prudential regulations in May 2018

Revised norms on fair lending practice effective from April 1, says RBI

Banks, NBFCs, and other entities regulated by the RBI were given an extension of three months till April to implement the revised norms

RBI may shift policy stance to neutral by Jun, cut rates by Aug: Nomura

The brokerage reiterated its earlier view of rate cuts being expected from August onwards, and pegged the quantum of cuts at 1 percentage point

S&P Global Ratings ups long-term issuer credit rating on Vedanta Resources

S&P Global Ratings has also raised its long-term issue ratings on the company's outstanding bonds due in January and August this year, and March next year to 'CCC+' from 'D'

RBI proposes tighter norms for deposit-taking housing finance firms

The central bank has also proposed the ceiling on public deposits held by HFCs be reduced to 1.5 times of net-owned funds from 3 times

RBI releases draft framework for fintech self-regulatory organisation

The body would work towards strengthening governance standards and addressing the sector's needs and challenges, the central bank said

Interim Budget may raise pension floor for unorganised sector workers

PFRDA says current amount may not help attract new Atal Pension subscribers

Driven by market rally, Rupee rises 6 paise to reach 82.89 against dollar

The rupee strengthened for the ninth consecutive session to settle with a gain of 6 paise to 82.89 (provisional) against the US dollar on Monday, driven by a rally in the domestic equity markets

Macro-fundamentals strengthened after facing external shocks: MPC's Ashima

With more and more firms and consumers internalising the inflation target, the economy is likely to approach the Reserve Bank of India's (RBI's) inflation target of 4 per cent this year

Rupee appreciates 18 paise to 82.77 against US dollar in early trade

The rupee appreciated 18 paise to 82.77 against the US dollar in early trade on Monday, supported by bullish domestic equities wherein domestic indices touched record highs

Statsguru: How the insurance industry is becoming a two-speed sector

Insurance penetration is the value of the premiums relative to gross domestic product. Life insurance penetration declined in 2022-23 (FY23)