Page 252 - Finance News

Canara Bank raises Rs 5,000 crore at coupon rate of 7.54 % per annum

"The issue received overwhelming response from investors, with bids for more than Rs 14,180 crore against a base issue size of Rs 1,000 crore and green shoe option of Rs 4,000 crore," it said

Credit card spending surges to record high in India in sign of stress

Record-low rates offered to meet pent-up demand has seen banks' retail loan portfolio double between 2019 and now, raising concerns among policymakers

NARCL makes offers for Rs 1.7 trillion debt, bags only Rs 25K crore

Lenders' reluctance to accept SRs, lengthy negotiations dragging its work, says senior exec

30-year sovereign green bonds may attract insurance companies, not banks

As part of its borrowing programme, the central government is set to raise Rs 20,000 crore via sovereign green bonds.

Credit card spending among Indians rises 2.67% to Rs 1.48 trn in August

The transactions at PoS increased by nearly 6.7 per cent to Rs 52,961 crore whereas e-commerce payments jumped to Rs 95,641 crore

P2M transactions to make 75% of all UPI transactions by 2025: Report

The average ticket size of UPI in the first six months of 2023 was 10% lower than the same period last year showing its growing penetration and increasing adoption of small payments

Yes Bank appoints Manish Jain as country head of Wholesale Banking

Jain succeeds Ravi Thota, who resigned in August, citing personal and professional reasons

BFSI companies go the whole hog to retain talent, prevent poaching

Companies are providing internal career switch opportunities with promotions, upskilling opportunities, quarterly incentives, and Esops across the ranks to retain talent

Simplify whole system of business taxation, says NITI Aayog member Virmani

Virmani noted that business taxation for business doesn't mean only corporate tax, it also means the business elements of personal taxation

Rupee appreciates 5 paise to 83.23 against US dollar in early trade

Weak sentiment in the global equity markets and surging crude oil prices also weighed on the Indian currency, forex traders said

Avg ticket size on UPI dips 10%, rises 22.6% on cards in H12023: Report

The ATS of P2M transactions dipped 21 per cent from Rs 839 in H1 2022 to Rs 659 in H1 2023

Centre introduces 50-year bond to meet life insurance companies' demand

Increases issuances in longer tenure in second half

REC partners with PNB to finance projects in logistics, power, infra

The two entities will jointly finance loans worth Rs 55,000 crore, REC said in a statement.

India bond yields dip as investors eye second-half borrowing calendar

The 10-year benchmark 7.18% 2033 bond yield ended at 7.1441% after closing at 7.1541% in the previous session

Centre, RBI officials to finalise 2nd half borrowing plan today: Report

India plans to borrow about Rs 6.55 trillion in the second half of the current fiscal year that started April 1, according to government's budget estimates

India's bond index inclusion set to test RBI's liquidity, FX management

"So as and when passive investors encounter tax implications, they will think twice," the report said

Poonawalla Fincorp gets RBI nod to issue co-branded credit card

This partnership will enable Poonawalla Fincorp to usher in a new age of flexible and versatile retail credit

I-T dept notifies 'Angel Tax' rules for valuing investments in startups

"The inclusion of a tolerance threshold for minor valuation discrepancies further enhances efficiency and fairness in tax assessments, ultimately benefiting both taxpayers and the govt"

Govt considering $7.2 billion housing loan interest subsidy scheme

The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount

MTNL to seek shareholders' nod to raise Rs 3,126 cr through bond

In 2022, the cabinet approved a second revival package for Bharat Sanchar Nigam Limited (BSNL) and MTNL amounting to Rs 1.64 trillion