Page 286 - Finance News

Minimum assured return scheme in works; to be launched soon: PFRDA Chairman

In a case of assured return, he said, the pension fund has to provide more capital because it is taking more risk

RBI Monetary Policy set to be announced today; here's what to expect

RBI Monetary Policy: This will be the third time in 2023 that the MPC will announce its policy decision

Bond issuances by banks to fall below Rs 90,000 cr in FY24: Report

Issuances hit all-time high of Rs 1.1 trn previous financial year but liquidity conditions easing now

RBI expected to pause again with markets watching for shift in stance

India's latest quarterly growth figures exceeded estimates last week, bringing about an expansion of 7.2% for the last fiscal year

270 mn loans to women under MUDRA; here's all you need to know about scheme

The MUDRA loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial institutions

RBI permits international banking units at IFSC to settle NDDCs in rupee

The RBI's decision to allow banks to offer Indian residents rupee NDDCs will help eliminate arbitrage between domestic and overseas markets

Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May

New India Assurance Co Ltd, the largest government-owned general insurance player reported a growth of 9.67% to Rs 2421 crore while private sector insurer ICICI Lombard grew by 21% to Rs 1730 cr

Banks' reliance on AI to handle customer service worries consumer watchdog

The CFPB estimates that roughly four out of every 10 Americans interacted with a bank chatbot last year, a figure they expect will grow

Banks can offer NDF contracts to resident Indians for hedging: RBI

MUMBAI (Reuters) - India's central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians.

Multi-asset funds: Diversified portfolio ensures smoother experience

Exposure to too many of these funds can make it difficult to control asset allocation or have a unified strategy

Despite heavy supply, debt cost slips marginally for states to 7.32%

Despite larger than notified supplies, the average cost for the states that hit the market on Tuesday will be less in terms of coupons, which slipped by 3 bps to 7.32 per cent

RBI monetary policy committee begins deliberations on finalising key rates

The Reserve Bank of India's rate-setting monetary policy committee (MPC) on Tuesday began its three-day long deliberations on deciding the key repo rates

Sidbi signs MoU with HDFC Bank to offer financial solutions to MSMEs

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.

Visits to banks, physical presentation of documents can be avoided: Report

The report also suggested that REs may adopt Faceless / Straight Through Processes' (STPs) in order to close accounts, and/or accept, acknowledge, and track the communication by the customer

Course5 Intelligence announces second close of $53 million funding round

Investment was led by Nuvama Asset Management, with participation from Carnelian Asset Advisors

75% of Indian businesses will increase investment on data streaming: Report

78% of IT leaders are seeing significant benefits from data streaming in their organisations when it comes to faster strategic decision making, 79% reported improved customer acquisition and retention

RBI not to remove its finger from repo rate pause button: Experts

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may not remove its finger from the repo rate pause button it had hit in April 2023, said experts

RBI's efforts to drain liquidity signal its intent to quash inflation

The RBI drained 508.7 billion rupees from the banking system on June 2 through a 14-day reverse repo auction, and it removed another Rs 666.4 billion via a four-day operation on June 5

Microfinance grows by nearly 10 times in 10 years to cross Rs 5 trn mark

Microfinance in India has a long history. Since turn of this century, it has been expanding rapidly as a viable financial services business because of influx of Microfinance NBFCs

NBFC loan sanctions up 2% YoY in Q4, rises in investment sector: Report

Growth in sanctions for equipment, commercial vehicles indicates revival of capital investment: Study