Page 236 - Finance News

Loan disbursements by FACE-fintech companies jump 43% in Q2: Report

These companies disbursed around 24.4 million loans in Q2 FY24, marking a 39 per cent Y-o-Y growth in volume from 17.5 million loans in Q2 FY23

Automatic payment limit through UPI raised to Rs 1 lakh, says RBI

UPI has emerged a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November

RBI cautions states with over 4% fiscal deficit, urges tax reforms

Says returning to OPS would put substantial burden on finances

ED attached Rs 64,920 cr crime proceeds in bank frauds, arrested 150: Govt

A total of 150 accused have been arrested and 277 prosecution complaints have been filed before the special courts (PMLA), Minister of State for Finance Bhagwat Karad said

Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months

Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

Rupee appreciates one paisa to 83.36 against US dollar in early trade

According to forex traders, positive cues from the domestic equity market also boosted investors' sentiment while the upward movement of crude oil prices weighed on the Indian currency

New national co-op policy calls for body to address financing needs

It has also called for rationalizing the process of winding up and liquidation of a cooperative where revival is not possible within a reasonable timeframe

Input tax refunds under GST: 'HC's IndianOil ruling to benefit all firms'

The court has instructed the authorities to process the input tax refund sought by IndianOil despite the tax rate on its principal input and principal output being the same

RBI allows REs to use HDFC Bank-Crunchfish AB's offline payments product

HDFC Bank had stated that it would roll out this service as part of a limited pilot for four months in over 16 cities and towns across India

Over 679,500 central govt pensioners as of Mar 2023: Finance Minsitry

The number of civil and defence pensioners stood at close to 114,200 and over 338,700, respectively. The number of telecom and postal pensioners stood at over 438,000 and 301,000, respectively

RBI cautions against misleading advertisements on loan waiver offers

These entities, it said, seem to be actively promoting many such campaigns across the print media as well as social media platforms

Connected lending: Influence of business houses likely to be curbed

According to industry experts, the term 'Regulated Entities' includes not only banks but is also expected to include other lending agencies like NBFCs and Co-operative banks

Sebi to introduce fast track concept for public issuance of debt securities

The main intention of a fast track public issuance of debt securities is to facilitate frequent issuers with a consistent track record, to make public issues of debt securities with reduced time

FinMin to empanel bankers, law firms for OFS disinvestment, dribbling

The minimum experience for bidders in this category would be of five years in share broking. The bidder should have a minimum net worth (including that of its parent entity) of at least Rs 25 crore

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh

The hospital and education industry have cheered the regulator's move on hiking the transaction limit on UPI

Need to move towards data-based lending: Financial Services Secretary

"In the medium term, we must move towards data-based lending instead of judgement based lending especially for small business," Joshi said

RBI MPC meet highlights: Inflation is our top priority, says Guv Das

RBI monetary policy: The RBI also decided to maintain its policy stance at "withdrawal of accommodation"

PM Modi asks investors to explore limitless potential of Uttarakhand

He was addressing a gathering after inaugurating the Uttarakhand Global Investors Summit at the Forest Research Institute here

No plans to loosen rates, inflation top priority: RBI Guv Shaktikanta Das

The Governor said it is very difficult to give a forward guidance on the policy, terming the future as very fickle where any shock can hit any economy