Page 278 - Finance News

UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions

Based on data from NPCI, compared to the same month last financial year, transaction volume rose by 59% and value by 45%

SC to decide if resolution professionals can be tried under Corruption Act

A SC vacation bench of Justices A S Bopanna and Prashant Kumar Mishra issued the notice to the CBI on a plea challenging the April 5 order of the high court

PSBs profit tripled to Rs 1.04 trn in 9 yrs; need to continue momentum: FM

The net profit of public sector banks (PSBs) has almost tripled to Rs 1.04 lakh crore in FY23 from Rs 36,270 crore in FY2014

SBI's chief financial officer Charanjit Surinder Singh Attra resigns

State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers.

Share of loans bearing over 9% interest rate hits 56.1% in March: RBI

The RBI further said all population groups recorded substantially higher credit year-on-year growth in 2022-23

MSS certificate can be operationalised at PSBs, select private banks: Govt

The Mahila Samman Savings Certificate (MSSC) scheme offers a fixed interest rate of 7.5 per cent to women

Paytm partners with Shriram Finance to strengthen its loan distribution biz

Now, Shriram Finance products will be available on Paytm's platform

Govt approves issuance of 27th tranche of electoral bonds, sale from July 3

The decision comes ahead of assembly elections of Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram. Poll dates are likely to be announced in a couple of months

World Bank approves $1.5 bn financing for India's low carbon energy sector

The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said

One in every 10 retail borrowers missing monthly payments: RBI report

According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31

Homegrown bank giant bigger than Morgan Stanley to arise from India merger

The tieup of HDFC Bank & Housing Development Finance Corp creates a lender that ranks 4th in equity m-cap, behind JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America Corp

Indian rupee may struggle on more Fed rate hike bets, US yields surge

Non-deliverable forwards indicate rupee will open at around 82.08 to the US dollar compared with 82.0550 in the previous session

India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023

Several companies, led by Reliance Industries, raised funds from overseas

A snapshot of company fixed deposit rated offered by various companies

Here is how the company fixed deposit rates offered by various firms stack up

Fund pick: Nippon India Growth Fund

Fund pick of Nippon India Growth Fund

Rupee makes a strong comeback in 2023 on back of strong portfolio inflows

The rupee has moved within a band of Rs 81.5 per dollar to Rs 83 per dollar in six months

Personal loans galore: Credit offtake to outpace deposit growth in FY24

CareEdge estimates the credit growth to be in the range of 13%-13.5% and deposit growth to be in the range of 10-10.5% during FY24.

Sundaram Alternates launches Rs 1,500 cr realty private credit fund

The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore

Singapore's Instarem sees huge inflow of diaspora remittances into India

Instarem is continuously working on new products, as Sangle sees a lot more headroom for growth in the fragmented global remittance market

Culture Ministry, Canara Bank sign MoU for financial assistance to artists

A Memorandum of Understanding was signed between the Ministry of Culture and a PSU bank on Wednesday for the disbursal of financial assistance to veteran artists, officials said