Page 282 - Finance News

Sebi issues guidelines on product offerings by online bond platforms

Capital markets regulator Sebi on Friday restricted online bond platform providers from offering products other than listed debt securities on their platforms

Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank

The rainfall is 53 per cent below the normal so far and the arrival of the southwest monsoon has been delayed across the country, leading to late sowing of the summer crop

Pvt banks' slippages from Covid recast nearly double than that of PSBs

Both categories of banks are also seeing a convergence in their asset quality and credit cost related parameters, it said

Farmers in Rajasthan to get housing loans under cooperative scheme

The loan will be for the long term, that is, up to 15 years

IndusInd Bank, Wise to offer low-cost and online inward remittance services

Shares of IndusInd Bank, on Friday, rose over 1 per cent at Rs 1,314.45 on BSE

Equitas SFB gets RBI approval to re-appoint Vasudevan as MD, CEO

Reappointment effective from July 23, 2023, lender told BSE

Banks ask RBI to frame policy for silver loans similar to gold metal loans

Under the current Gold Monetisation Scheme, 2015, banks can give gold loans to jewellery exporters or domestic makers. The loan, equivalent to the value of gold borrowed, needs to be repaid in rupees

RBI asks banking supervisors to get abridged with latest tech tools

The Reserve Bank has called upon banking supervisors to get abridged with the latest technological tools so that their capabilities are enhanced enough

NabFID seeks to raise about $1 billion from multilateral institutions

Raises Rs 10k cr in maiden debenture offering; oversubscribed 2.4 times

Credit cards in force touch new high in April even as rollovers decline

Increasing reach, rewards boost credit card spends

Binance launches AMP Summer Internship to develop talent in blockchain tech

Binance will provide the interns the opportunity to interact with company executives and managers along with other professionals in the industry

EXIM Bank plans to step up funding to Indian firms eyeing African markets

Amid rising competition from China, Indian Prime Minister Narendra Modi has stepped up efforts to strengthen ties with African nations via aid for infrastructure projects

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut

RBI Guv Das needs to keep financing conditions easier to aid growth, while also maintaining adequate rate differential to attract foreign portfolio flows

CAG to explore new audit areas as it adopts end-to-end digital framework

The CAG audit reports are placed before Parliament and state legislative assemblies. The apex auditor would be exploring new audit areas, like shipping and extraction industries underwater, Murmu said

Biggest fund manager in India expects rupee to end its five-year slide

The currency will probably strengthen to 80 per dollar by the end of the year, according to Namrata Mittal, chief economist at SBI Mutual Fund

Banks seek RBI's clarification on fresh funding to wilful defaulters

Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash

US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report

The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added

Developed world slowdown to apply brakes on India's remittance inflows

Growth in remittance flows into India to decelerate to 0.2% in 2023, from 24% in 2022: World Bank

Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa

The Reserve Bank of India (RBI) has been active in the foreign exchange market in recent times and mopped up dollars to boost its foreign exchange reserves

With fewer than 15 days to deadline, check how to apply for higher pension

Those willing to apply for a higher pension under EPS can do so until June 26, 2023