Page 230 - Finance News
Indian bonds may be included in Bloomberg EM index from September
The proposal comes just a few months after JPMorgan said it would include India in its widely tracked emerging market debt index from June
 "Indian bonds may be included in Bloomberg EM index from September")
New block facility sees token trades in 1st week as only few able to avail
The so-called ASBA facility, which has become operational from January 1, has seen only 'token trades' with a limited set of customers making use of the facility
 "New block facility sees token trades in 1st week as only few able to avail")
Fino Payments Bank applies for SFB license after board's agreement
According to the guidelines, payments banks were allowed to apply for a conversion into SFB post five years of operations along with meeting other guidelines mandated by the RBI
 "Fino Payments Bank applies for SFB license after board's agreement")
Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers
The fundraising follows the Supreme Court's decision that the group is not required to undergo additional investigations beyond the market regulator's current scrutiny
 "Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers")
Rupee up 9 paise to 83.06 against US dollar backed by foreign fund inflow
Brent crude futures, the global oil benchmark, declined 1.12 per cent to $ 77.88 per barrel
 "Rupee up 9 paise to 83.06 against US dollar backed by foreign fund inflow")
Govt needs to be transparent, must avoid selective protectionism
One of the major pillars or principles of the General Agreement on Trade and Tariffs (GATT) under the auspices of the World Trade Organisation (WTO) was the abolition of quantitative restrictions
 "Govt needs to be transparent, must avoid selective protectionism")
Interim Budget 2024-25: Funds to boost reach on fintech industry wishlist
They hope for provisions to ease financial burden on fintechs and tax-saving benefits to startups
 "Interim Budget 2024-25: Funds to boost reach on fintech industry wishlist")
Sikkim achieved extensive financial inclusion covering remote villages: FM
The minister said there are 32 bank branches and 36 ATMs in Sikkim per one lakh population in comparison to the national average of 14
 "Sikkim achieved extensive financial inclusion covering remote villages: FM")
IRDAI eases norms for insurer investment in infrastructure debt funds
New regulation by IRDAI allows greater flexibility for insurers in IDF-NBFC investments
 "IRDAI eases norms for insurer investment in infrastructure debt funds")
RBI gives clarity to 'politically exposed persons' term to meet FATF norms
They are individuals entrusted with prominent public functions by a foreign country, including the heads of states or governments
 "RBI gives clarity to 'politically exposed persons' term to meet FATF norms")
Indian investment bankers earn $1.3 billion in fees, highest since 2000
The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers
 "Indian investment bankers earn $1.3 billion in fees, highest since 2000")
RBI turns down Federal Bank MD & CEO extension request for one year
Bank need to submit fresh proposal of 2 candidates in order of preference
 "RBI turns down Federal Bank MD & CEO extension request for one year")
Banks report healthy loan growth in Q3; Casa ratio continues to decline
The Trend and Progress report of the Reserve Bank of India, which was released last month, observed that with the increase in deposit rates catching up with that in lending rates
 "Banks report healthy loan growth in Q3; Casa ratio continues to decline")
RBI says Rs 2,000 notes can be exchanged through post offices as well
In a set of Frequently Asked Questions (FAQs) on its website, the RBI said people can send the notes to any of its 19 issue offices from any post office
 "RBI says Rs 2,000 notes can be exchanged through post offices as well")
Puducherry govt to raise Rs 200 crore through auction of dated securities
The auction would be conducted by the RBI's Mumbai office (Fort) on Jan 9. Securities will be issued for a minimum nominal amount of Rs 10,000 and in multiples of Rs 10,000 thereafter
 "Puducherry govt to raise Rs 200 crore through auction of dated securities")
RBI revises definition of politically-exposed persons for KYC purpose
The new rules also include a person who is entrusted by a foreign country with a public function
 "RBI revises definition of politically-exposed persons for KYC purpose")
Bandhan Bank advances in Q3 FY24 increase by 18.6% to Rs 1.6 trn
Total deposits grew 14.8% to Rs 1.17 trn, lender tells exchanges
 "Bandhan Bank advances in Q3 FY24 increase by 18.6% to Rs 1.6 trn")
State Bank of India concludes placement of $250 million green bond
This is part of SBI's $10 billion medium-term note program and was raised through private placement facilitated by the lender's London branch
 "State Bank of India concludes placement of $250 million green bond")
Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24
IndusInd Bank's growth in loans was 4 per cent in Q3 FY24 compared to the quarter ended in September 2023
 "Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24")
Private players see 6% rise in benefits paid to Rs 1.57 trillion in FY23
LIC, while seeing a marginal decline to Rs 3.39 trillion, still accounts for a lion's share of 69% of total benefits paid
 "Private players see 6% rise in benefits paid to Rs 1.57 trillion in FY23")