Page 279 - Finance News

Private equity investments in real estate sector down by 20% YoY in H23

Investors turn cautious on geo-political worries, recession fears

ITC can't be denied under GST even when post-supply discounts received: AAR

Value of supply would stand reduced, while tax liability remains as it is: Andhra authority

Rupee gains 5 paise to 81.97 against US dollar on foreign fund inflows

The rupee was trading at 81.97 against the US dollar at 9.35 am, registering a gain of 5 paise over the previous close of 82.02

Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

"This could impact global growth in the coming year," he said

RBI relaxes restrictions on HDFC Credila over on-boarding of new customers

The RBI had also asked for the shareholding of HDFC Bank in HDFC Credila to be brought down to 10% on or before March 31, 2024, the company said in the filing

RuPay cardholders will be able to access airport lounges in major cities

Priority Pass Access India has partnered with the National Payments Corporation of India, offering airport lounge access to RuPay card holders

CreditAccess Grameen syndicates social loan facility of up to $200 mn

This will qualify as External Commercial Borrowing (ECB) under the automatic route of the RBI, the company said in a statement

Monsoon-proof your vehicle with engine protection insurance cover

If you own an EV, buying a battery-protection add-on would be prudent

India's Jan-March current account deficit narrows as trade gap shrinks: RBI

Net services receipts increased, sequentially and on a year-on-year (y-o-y) basis, on the back of a rise in net earnings from computer services, the RBI said

S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

Axis Bank to grow up to 6% faster than industry in medium to long term: CEO

Axis Bank said it will continue to grow 4-6% faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets

RBI finalises norms for banks to hold capital for operational risks

Apex bank will communicate date of implementation separately

RBI slaps penalties on Standard Chartered Bank-India, other entities

The Reserve Bank of India said it has imposed penalties on Standard Chartered Bank-India, TransUnion CIBIL, Equifax Credit Information Services, and other entities for contravention of various norms

'RBI need not rush to ease rates unless certain of stable-low inflation'

Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis

Govt to launch portal for unclaimed shares, dividends by February 2024

Currently, investors have to produce about 24 documents for refunds. As a part of the refund process, these documents are checked multiple times at various stages of the process

RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P

In India, under the assumption of normal monsoons, the rating agency expected the headline consumer inflation to soften to 5.0 per cent in fiscal 2024 (FY24) from 6.7 per cent in FY23

Rupee trades almost flat at 81.95 against US dollar in early trade

The currency moved in a narrow range before trading at 81.95 against the greenback, appreciating just 1 paisa compared to the closing level of 81.96 on Friday

Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time

The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit

Behind Credila's success on education loan turf

Education finance is a complex and dynamic sector. There are too many variables - the course, the calibre of students, the universities, and the job prospects once the course is over

More than two-thirds of Rs 2,000 notes returned within one month: Das

In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 trillion