Page 261 - Finance News
Asset under management of NPS and APY crosses milestone of Rs 10 trillion
Asset under management of National Pension System (NPS) and Atal Pension Yojana (APY) has crossed a milestone of Rs 10 lakh crore
 "Asset under management of NPS and APY crosses milestone of Rs 10 trillion")
RBI Central Board reviews global, domestic economic situation, challenges
The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges
 "RBI Central Board reviews global, domestic economic situation, challenges")
Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details
The Reserve Bank of India (RBI) has set a maximum of Rs 20,000 on the amount that can be exchanged for a single Rs 2,000 note till September 20
 "Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details")
India clocks 10 billion UPI transactions for the first time in a month
In August 2023, the Immediate Payment Service (IMPS) transactions were seen at 473 million until August 30 with a value of Rs 4.93 trillion
 "India clocks 10 billion UPI transactions for the first time in a month")
All-India House Price Index rises 5.1% in Apr-Jun quarter FY24: RBI data
The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai
 "All-India House Price Index rises 5.1% in Apr-Jun quarter FY24: RBI data")
Fund pick: Kotak Small Cap Fund
Fund pick of Kotak Small Cap Fund
 "Fund pick: Kotak Small Cap Fund")
Fitch affirms SBI's long term rating at 'BBB' on asset quality, loans
Agency revises outlook for lender's asset quality score from 'stable' to 'positive'
 "Fitch affirms SBI's long term rating at 'BBB' on asset quality, loans")
Rupee appreciates marginally to 82.62 against US dollar in early trade
The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market
 "Rupee appreciates marginally to 82.62 against US dollar in early trade")
Visa, Mastercard plan to add new card fees for retailers in coming months
With the increases, merchants could pay more than $500 million in additional fees each year, according to merchant-consulting company CMSPI
 "Visa, Mastercard plan to add new card fees for retailers in coming months")
RBI Guv asks urban co-op banks for rigorous follow-up to recover bad loans
Das urged the Boards to be more proactive in asset liability management and the necessity of managing liquidity risk in a more systematic manner
 "RBI Guv asks urban co-op banks for rigorous follow-up to recover bad loans")
Nirmala Sitharaman asks RRBs to remove duplication of PMJDY accounts
Finance Minister Nirmala Sitharaman on Wednesday asked Regional Rural Banks to make efforts to remove duplication of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts.
 "Nirmala Sitharaman asks RRBs to remove duplication of PMJDY accounts")
Axis Bank launches 'Infinity Savings Account' with zero transaction fees
The bank offers two subscription-based flexible plans: Monthly and Annual
 "Axis Bank launches 'Infinity Savings Account' with zero transaction fees")
RBI must ensure there's no spillover from surging food prices: MPC members
The central bank is targeting to keep inflation between 2% and 6% but the consumer price index accelerated by 7.44% last month
 "RBI must ensure there's no spillover from surging food prices: MPC members")
Rupee appreciates 7 paise to 82.73 against US dollar in early trade
At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level of 82.74 against the greenback
 "Rupee appreciates 7 paise to 82.73 against US dollar in early trade")
10-year bond's yield falls during early trade, following US bonds decline
The benchmark 7.26% 2033 bond yield was trading at 7.1611% as of 10:15 a.m. IST, after ending the previous session at 7.1880%
 "10-year bond's yield falls during early trade, following US bonds decline")
Inflation will remain steady in coming months, growth on track: FinMin
Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years
 "Inflation will remain steady in coming months, growth on track: FinMin")
RBI authorises Bandhan Bank for disbursing civil pension on behalf of CPAO
This scheme also covers payment of pensions to former Members of Parliament and the payment of pension and other amenities to former Presidents/Vice Presidents of India, the private sector lender said
 "RBI authorises Bandhan Bank for disbursing civil pension on behalf of CPAO")
Axis Bank launches new paid saving a/c with no charges for services
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services
 "Axis Bank launches new paid saving a/c with no charges for services")
Banks to set up portal with real-time information to handle digital frauds
The portal will help lenders connect, and stop and trace funds being transferred from one account to multiple accounts
 "Banks to set up portal with real-time information to handle digital frauds")
Banks to remain closed for 16 days in September; check full list here
Bank holiday September 2023: With 12 official holidays in various states and four weekends, the banks will remain closed for sixteen days. Here's the complete list
 "Banks to remain closed for 16 days in September; check full list here")