Page 279 - Finance News

RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar

The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud

K'taka to spend Rs 52k cr annually on 5 key promises, to benefit 13 mn

The 5 'guarantees' related to bus travel for women, 200 units of electricity, 10 kilograms of foodgrains to poor, Rs 2,000 for woman head of the house and unemployment benefit of up to Rs 3,000

Karnataka CM Siddaramaiah set to present State Budget today at 12 noon

Chief Minister Siddaramaiah has arrived at Vidhana Soudha in Bengaluru to present the state budget

India's campaign to internationalise rupee gets off to a slow start

The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters to accept the Indian currency

RBI governor Shaktikanta Das asks states to improve expenditure quality

At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added

Non-life insurance companies report 14% growth in June, shows GIC data

For the April-June period, these companies reported a growth of 17.5% to Rs 63,574.30 crore

Reserve Bank of India appoints P Vasudevan as new executive director

The appointment is with effect from July 3, RBI said in a statement

State-run banks confident of withstanding macro shocks: Finance Ministry

India's state-run banks are confident of withstanding any macroeconomic shocks and expect their outlook to improve, despite headwinds in the global banking sector, the finance ministry said

State Bank of India rejigs senior leadership roles to boost dominance

State Bank of India, the country's largest lender, is re-jigging its senior leadership positions with at least four key executives getting new roles, according to people familiar with the matter

15 financial transactions that cannot be done with an inoperative PAN

It was mandatory to link Aadhaar number with PAN by June 30. As per the CBDT guidelines, if it is not linked, PAN will be inoperative from July 1, 2023

Phonepe launches point-of-sale systems so vendors can accept card payments

Paytm had been providing all-in-one POS machines to check-out counters across the country, which were earlier only available for bank payments

PNB launches virtual branch in the Metaverse with immersive 3D experience

State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse.

Fund pick: HDFC Corporate Bond Fund

Fund pick of HDFC Corporate Bond Fund

Indian lenders want RBI to conduct more overnight reverse repo auctions

The Indian central bank has been conducting shorter duration two-day VRRRs through the week, before being prompted by lenders to resort to an overnight auction

Securitisation volumes surge 60% YoY at Rs 53,000 crore in first quarter

Securitisation involves pooling of loans and selling them to a special purpose entity, so that a lender gets liquidity upfront on the assets it has originated

A snapshot of term insurance plans with 2 riders offered by various firms

Here is how the term insurance plan with two riders offered by various companies stack up

RBI permits UBS-owned Credit Suisse to keep Indian banking license

Tom Wipf from Morgan Stanley, who will play a key role in the tie-up of the two banks and in facilitating the integration of Credit Suisse and UBS

Indian state-run banks to be cautious buyers of govt bonds as yields rise

Bond yields started rising after the Reserve Bank of India's June monetary policy decision pushed out hopes of a rate cut to February, with many participants expecting one only next financial year

DCB Bank gets RBI's approval to sell 7.5% stake to Tata Mutual Fund

Private sector DCB Bank on Wednesday said it has received RBI approval to sell up to 7.5 per cent stake in the bank to Tata Asset Management Private Limited (TAMPL).

RBI issues draft circular on issuance of debit, credit, prepaid cards

RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks