Page 237 - Finance News

Forex reserves surpass $600-billion mark after nearly four months

The forex reserves were last above the $600 billion mark on August 11 this year

RBI allows liquidity reversal for banks on weekends, holidays from Dec 30

The Reserve Bank of India (RBI) governor Shaktikanta Das said that the move will come into effect on December 30

RBI to establish cloud facility for financial sector to secure data privacy

Focusing on digital banking, the RBI announced a regulatory framework for web-aggregation of loan products and proposed the establishment of a fintech repository by April 2024

RBI monetary policy: 5 key announcements from the governor's speech today

RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction

RBI MPC keeps repo rate unchanged at 6.5% for 5th straight policy review

The central bank raised the GDP growth forecast for FY24 to 7% from 6.5%

RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI monetary policy announcement: When, where to watch and what to expect?

RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8

RBI set to retain hawkish pause on interest rates; keep liquidity tight

The swap markets are signalling that the Indian central bank will begin cutting rates in the middle of 2024, at least a quarter after the U.S. Federal Reserve is expected to start loosening policy

Indian banks ask fintech partners to limit tiny personal loans: Report

Several smaller fintechs have tie-ups with banks and non-bank finance companies for small-ticket personal loans

RBI to regulate entities facilitating cross-border payment transactions

RBI has decided to regulate entities facilitating payment and settlement for online cross transactions as Payment Aggregators Cross Border (PA-CB) under the Payment and Settlement Systems Act

RBI revokes the banking licence of UP-based Urban Co-operative Bank

According to data submitted by the bank, 98.32 per cent of depositors are expected to receive the full amount of their deposits from DICGC

Levying border adjustment tax to meet green commitments morally wrong: FM

"The single mono-sided decision of imposition of border adjustment tax ...the logic just goes against the concern of the Global South..

Indian cos' rupee bond issuance at record in 2023 on jumbo debt sales

Indian companies raised around 914 billion rupees ($10.97 billion) through the private placement of bonds in November

CBIC issues 33,000 notices for GST return discrepancies in FY18, FY19

The last date for filing annual returns for 2017-18 fiscal was extended till February 7, 2020, while for 2018-19 it was till December 2020

Small ticket personal loans remain a concern for industry: Incred Finance

Incred Finance noted that its personal loans portfolio was in the regular personal loan segment, with an average ticket size being over Rs 2,00,000

Govt bond yields dip marginally tracking US peers, RBI policy stays key

The Reserve Bank of India (RBI) is expected to hold rates at 6.50% for a fifth consecutive meeting at its monetary policy meeting on Friday, according to a Reuters poll

Paytm expands loan distribution business, targets personal, merchant loans

Paytm said that it would continue to collaborate and add banks and NBFCs as lending partners for its loan distribution business

RBI's MPC meet begins amid expectations of status quo on interest rate

RBI left the benchmark policy rate (repo) unchanged in its past four bi-monthly monetary policies. It had last increased the repo rate in February to 6.5 per cent

'Sebi, RBI share concern about some credit funds masking bad loans'

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

PNB Housing reaches loan book size of Rs 1,000 crore for affordable homes

Girish Kousgi, MD and CEO at PNB Housing Finance said that at the current pace, the company may add another Rs 1,000 crore to its loan book in the next six months