Page 285 - Finance News
Industry wants reversal of rate hike cycle as RBI pasuses for second time
The status quo adopted by the Reserve Bank in its second bi-monthly monetary policy of the current fiscal will pave way for reversal of rate hike cycle in due course, expects India Inc
 "Industry wants reversal of rate hike cycle as RBI pasuses for second time")
We are only pausing on rates, too early to call on inflation fight: Das
After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause
 "We are only pausing on rates, too early to call on inflation fight: Das")
A snapshot of term insurance plans with 2 riders offered by various firms
Here is how the term insurance plans offered by various companies stack up
 "A snapshot of term insurance plans with 2 riders offered by various firms")
Craft convincing response to tax notice, backed by relevant documents
Non-appearance and failure to respond on time can have serious consequences
 "Craft convincing response to tax notice, backed by relevant documents")
RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das
RBI MPC Policy LIVE: Catch live updates from RBI's monetary policy announcement here
 "RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das")
Opt out of pesky calls, then don't come to us for products: Sanjiv Bajaj
Bajaj said that the customers will get an option on the website and app to stop receiving these calls
 "Opt out of pesky calls, then don't come to us for products: Sanjiv Bajaj")
RBI monetary policy: Repo rate unchanged, what do experts say about it?
RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent
 "RBI monetary policy: Repo rate unchanged, what do experts say about it?")
MPC won't cut repo rate anytime soon, not before US Fed, says experts
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will not revise downwards the repo rate anytime soon and that too not ahead of the US Federal Reserve, said economists
 "MPC won't cut repo rate anytime soon, not before US Fed, says experts")
50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das
RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits
 "50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das")
Co-op banks to soon be able to do compromise settlements, write-off on NPAs
It can be noted that the cooperative lending sector frequently makes headlines for lack of governance practices and conflicts of interest
 "Co-op banks to soon be able to do compromise settlements, write-off on NPAs")
Banks to issue Rupay prepaid forex cards for Indians travelling abroad: RBI
He also said that Bharat Bill Payment System (BBPS) is an 'anytime anywhere' bill payments platform which is operational since August 2017
 "Banks to issue Rupay prepaid forex cards for Indians travelling abroad: RBI")
RBI Policy: Repo rate unchanged at 6.5%, RBI cuts FY24 inflation projection
RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'
RBI policy 2023: A look at the existing repo rate, trends and other figures
RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am
Sebi likely to change rules to track investments in PE and VC funds
The market regulator is doing this to identify the investors and the source of the money
 "Sebi likely to change rules to track investments in PE and VC funds")
Indian rupee poised to open lower tracking yuan slide, eyes on RBI outcome
The RBI is widely expected to keep the key policy rate at 6.50% in its decision at 10.00 a.m. IST. The focus will on comments around the trajectory of interest rates and inflation
 "Indian rupee poised to open lower tracking yuan slide, eyes on RBI outcome")
NBFC loan sanctions up 2% YoY to Rs 4.46 trn in quarter ending March
Meanwhile, bank lending to NBFCs grew 28 per cent to Rs 13.1 lakh crore in FY23, which in absolute terms jumped by Rs 3.8 lakh crore
 "NBFC loan sanctions up 2% YoY to Rs 4.46 trn in quarter ending March")
Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report
Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023
 "Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report")
Credit sanctions to pick up traction as base effect fades, say NBFCs
The last quarter of FY23 (January-March) showed normal business activity compared to the same period the year before, reflecting pent-up demand after the pandemic
Tepid response to RBI's two-day VRRR auction; banks park Rs 1,850 crore
The central bank infuses liquidity into the banking system using repos and sucks it out using reverse repos
Nascent recovery in IT funds: Invest systematically, hold for long term
Experts suggest holding them for long term, say tech stocks may take a hit if economic conditions in US or Europe worsen
 "Nascent recovery in IT funds: Invest systematically, hold for long term")