Page 239 - Finance News

RBI to retain 6.5% rate as growth comfortable, inflation in check: Experts

India retained the tag of world's fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6% in Jul-Sep quarter on booster shots from govt spending and manufacturing

UPI transactions mark new peak of Rs 17.4 trn in Nov, dip in volume

FASTag transactions increase to 321 mn in Nov, compared to 320 mn in Oct

November sees highest issuances of certificates of deposit in FY24

In November, banks issued CDs worth Rs 75,884 crore

Bank lending to private corporate rises 14.9% in Sep 2023: RBI data

The share of personal loans in bank credit has successively increased to over 30% from 22% share five years ago, it said

GST collections jump 15% to Rs 1.68 trillion in Nov: Finance Ministry

The November 2023 collections are, however, lower than Rs 1.72 trillion mopped up in October -- the second-highest collection ever since the GST rollout

Vivad se Vishwas: Govt settles over 43k MSME claims; refunds Rs 700 cr

The scheme, announced in the 2023-24 Budget, opened on April 17, and the last date for submission of claims for relief on the GeM portal was July 31

RBI, Bank of England sign agreement to exchange information on CCIL

The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes

Pensioners generate 11.5 million digital life certificates: Centre

Singh said the government was deeply committed to improving pensioners' welfare and the campaign was an important step for the ease of living of pensioners

97.26% Rs 2000 banknotes returned to RBI; circulation down to Rs 9,760 cr

In May the circulation of the Rs 2,000 banknote amounted to Rs 3.56 trillion, this has now gone to Rs 9,760 cr as of November 30

Foreign flows into Indian bonds hit 6-year high ahead of index inclusion

Foreign portfolio investors bought a net 127.2 billion rupees ($1.53 billion) of bonds in November, the highest since June 2017, data from Clearing Corp of India showed

Bank holidays in December: Banks to remain closed for 18 days; check list

Bank Holidays in December 2023: Banks in India will remain closed for 18 days next month

BFSI forms larger pie of corporate profits in India than US, Europe

This surge is largely due to rising lending rates and an expansion in the net interest margins of banks and non-bank lenders

No legal bar on member's reappointment: Finance secy T V Somanathan

No further ToRs to come, says Somanathan

RBI imposes penalty on HDFC Bank, Bank of America for violating FEMA norms

RBI fined HDFC Bank, a leading private sector bank, for accepting deposits from non-residents and flouting RBI's directions under the Liberalised Remittance Scheme of FEMA, 1999

Finance Commission terms of reference takes a conservative stance

Press release on terms of reference doesn't name people who will be part of the commission

Monetary Policy Committee may have underestimated economic growth for Q2

Most economists peg it higher than 6.5%, numbers to come today

DLF mulls first bond issue in three years amid revival of real estate mkt

"It is difficult to pinpoint the exact timing (of the issue), as the talks are at a very basic stage," the banker said

'Retail investors could mobilise $543bn for climate action in India'

The results are based on a survey of 1,800 respondents in 10 markets across Asia, Africa, and the Middle East

Rupee rises 2 paise to settle at 83.32 against US dollar on FII inflows

On Tuesday, the rupee rebounded from record low levels and settled 6 paise higher at 83.34 against the US dollar

Financial institutions told to strengthen fraud management system

The FIs consist of central banks, retail and commercial banks, internet banks, credit unions, savings and loan associations