Page 256 - Finance News

Visa, Hyperface partner to advance credit access and co-branded credit card

Visa also aims to enhance end-user experience, create an intuitive onboarding process, and simplify card lifecycle management when accessing credit through partner banks

HDFC Bank enters into co-lending partnership with CreditWise Capital

CWC said in a statement on Friday that by virtue of the co-lending agreement, loans for two-wheelers will be available in Tier 2, 3 and 4 towns of the country

Finance Ministry notifies 31 state benches of GST appellate tribunal

As per the notification, Gujarat and UTs -- Dadra and Nagar Haveli and Daman and Diu, will have two benches of the GSTAT; Goa and Maharashtra together will have three benches

Non-cash transactions to touch 2.3 trn in volumes globally by 2027: Report

In value terms, commercial payments account for 56 per cent, while retail make up around 44 per cent of total payments value

RBI says 15 large NBFCs to comply with enhanced regulatory requirements

Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements

Want to UPI now and pay later? Here's how to do UPI with less balance

The RBI has recently enabled transfers from pre-sanctioned credit lines at banks through the UPI network

Credit growth to moderate to 13.2 pc in FY24, NPAs to improve further: Icra

Amid the high growth in unsecured credit, the rating agency said there is nothing much to be concerned about on the front, and the vulnerable retail book remains low and manageable

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Focusing on enabling UPI, e-rupee interoperability, says RBI deputy guv

The Reserve Bank of India is focusing on enabling interoperability of the United Payments Interface with the central bank's digital currency or e-rupee, deputy governor Rabi Sankar said

FADA seeks reduction in GST rates for entry-level two-wheelers to 18%

"Although the two-wheelers segment experienced year-on-year growth, we are still 20% behind the pre-Covid levels," Singhania said

JP Morgan bond index rebalancing: Borrowing costs in India to get cheaper

Index providers are 'increasingly tilted' to include India to fill the gap expected due to Russia's exclusion from JP Morgan's emerging market bond index

Fund review: ICICI Pru Value Discovery Fund

Fund review: ICICI Pru Value Discovery Fund

Cashfree Payments launches one-step UPI payment solution for businesses

The one-step UPI payment solution has been created in partnership with NPCI and Axis Bank, ensuring complete security and compliance

Lenders should release property docs within 30 days of loan repayments: RBI

For delays, attributable to the REs, beyond 30 days, they will compensate borrowers at a rate of 5,000 per day for each day of delay

Govt exempts investment trusts, ETFs from capital gains tax in GIFT City

Gujarat International Finance Tec-City (GIFT)-IFSC is being promoted as a tax-neutral enclave for the financial sector

Bank of India raises Rs 2,000 cr via tier II bonds at coupon rate of 7.88%

State-owned Bank of India on Wednesday said it has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88 per cent

Rupee bond curve steepens as RBI changes rules for bank investing

The revised rules require the Reserve Bank of India's approval for any change in classification of bond holdings out of the held-to-maturity book

Charitable trusts having a tough time under new regulations, seek more time

The government has asked trusts to share the identities of relatives of trustees, settlors, and substantial contributors, along with information about electronic and other modes of payments

Re-jig of banks' investment rules to boost govt debt appetite: Bankers

Currently, the limit is 19.5% of a bank's net deposits, with some dispensation on bonds purchased between Sept. 1, 2020 and March 31, 2023

Bank of Maharashtra plans to raise Rs 1,500 cr via bonds to fund business

State-owned Bank of Maharashtra (BoM) on Tuesday said it plans to raise Rs 1,500 crore through bonds to fund business growth