Page 234 - Finance News
National Infrastructure Pipeline outlay stands at Rs 109 trillion: FinMin
National Infrastructure Pipeline (NIP) was launched with 6,835 projects and has expanded to capture over 9,288 projects with a total outlay of Rs 108.88 trillion between 2020-25, the FinMin said
 "National Infrastructure Pipeline outlay stands at Rs 109 trillion: FinMin")
Higher surrender value to badly hit life insurers margins: Report
The Insurance Regulatory and Development Authority (Irdai) earlier this month put out a draft circular proposing an increase in the surrender value of a life policy by revising upwards threshold limit
 "Higher surrender value to badly hit life insurers margins: Report")
Awaiting clearance on PA license, fintechs diversify into credit offerings
Meanwhile, other payment majors awaiting a decision expect to receive a nod in the first half of the next year
 "Awaiting clearance on PA license, fintechs diversify into credit offerings")
RBI announces 7-day repo, raises quantum in comparision to last week
India's central bank will conduct a variable rate repo (VRR) auction for a second straight week on Dec. 22, this time with a higher quantum of infusion
 "RBI announces 7-day repo, raises quantum in comparision to last week")
Indian banks' liquidity deficit at 8-yr high, traders eye repo rollover
ndian banking system is facing a widening liquidity deficit, reaching levels last seen in 2016, that may prompt the central bank to provide another round of short-term cash infusion
Fund Pick: HDFC Short Term Debt Fund
Fund Pick: HDFC Short Term Debt Fund
 "Fund Pick: HDFC Short Term Debt Fund")
Digital money heist: What's behind surge in online payment fraud?
More than 47 per cent of all cybercrime is linked to UPI payments, making it the most common form of financial fraud, says a report by FCRF
 "Digital money heist: What's behind surge in online payment fraud?")
Investment funds managers face tougher rules on investor cash calls
Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks
 "Investment funds managers face tougher rules on investor cash calls")
RBI predominantly net buyer of US Dollar over past decade in spot market
In the current financial year, the central bank has net bought $1.7 trillion as of October
 "RBI predominantly net buyer of US Dollar over past decade in spot market")
Only 18% digital loan borrowers understand data privacy rules: Study
60% of them are worried about how personal data is collected and used by lending apps
 "Only 18% digital loan borrowers understand data privacy rules: Study")
Employer sponsored health insurance cost to rise 11% in 2024: Report
The report is based on responses from 223 insurers across 58 countries, analysing the key trends that are shaping the future of health care provided by employers
 "Employer sponsored health insurance cost to rise 11% in 2024: Report")
Sebi tweaks norms for online resolution of disputes in securities market
Sebi on Wednesday tweaked the framework with respect to online resolution of disputes in the securities market to provide clarity on certain aspects
 "Sebi tweaks norms for online resolution of disputes in securities market")
Shadow lenders decline after RBI tightened norms for investments by banks
Indian Shadow lenders declined after the nation's central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to plug lending loopholes.
Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI
The RBI bulletin released on Wednesday said that global growth continues to remain fragile and may slow down further in 2024
 "Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI")
UPI transactions up 118% in semi-urban, rural retail stores in 2023: Study
UPI is a driving force in the overall growth of digital payments in India, says government separately
 "UPI transactions up 118% in semi-urban, rural retail stores in 2023: Study")
Interventions in forex market to curb excessive volatility: RBI to IMF
The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to 'stabilised arrangement' from 'floating'
Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows
CD issuances in December highest in this financial year
 "Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows")
Unclaimed deposits with banks rise by 28% to Rs 42,270 crore in FY23: Govt
As compared to Rs 32,934 crore unclaimed deposits with public and private sector banks in FY22, the amount increased to Rs 42,272 crore at the end of March 2023, an increase of 28 per cent
 "Unclaimed deposits with banks rise by 28% to Rs 42,270 crore in FY23: Govt")
Sebi mandates periodic PFMIs assessment for depositories, clearing corps
The issue of assessment of PFMI by Sebi-regulated FMIs (Financial Market Infrastructures) was discussed at the regulator's secondary market advisory committee, according to a circular
 "Sebi mandates periodic PFMIs assessment for depositories, clearing corps")
Banks seek RBI's nod to defer penal interest guideline by 3 months
The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024
 "Banks seek RBI's nod to defer penal interest guideline by 3 months")