Page 296 - Finance News

Have dependent family members? Buy return of purchase price annuity

Buy without return of purchase price plan if your retirement corpus is small

Banks request RBI for 1 more year to implement new loan provisioning system

Banks have requested the RBI for one more year's time to implement the system of Expected Credit Loss (ECL) for provisioning of loans

70% of MSMEs believe more than 50% of customers will pay using UPI

A report by NeoGrowth looks at the data from around 3,000 retail customers and 1,000 retail sellers across the country

Banks tighten rules around lending money to airlines after Go Air crisis

Repeated company failures dent the entire aviation industry's creditworthiness, the chief financial officer of an airline said

RBI board expected to consider dividend payout to government on Friday

The government has budgeted to receive a total Rs 48,000 cr ($5.8 bn) from the RBI and other financial institutions it holds stakes in

UPI-related scams account for 55% of total digital payments frauds in India

Half of these frauds, however, have a ticket size of less than Rs 10,000

Karur Vysya Bank Q4 net profit up 59% at Rs 338 cr, deposits up 12%

Tamil Nadu-based lender says it faced 'an extremely challenging environment'

HDFC to raise up to Rs 8,000 cr through bonds, will offer 7.7% per annum

Mortgage lender HDFC will raise up to Rs 8,000 crore by issuing bonds on a private placement basis to shore up its resources

NPCI's RuPay goes live on CVV-less payments for tokenized cardholders

NPCI said RuPay has now introduced CVV (Card Verification Value) free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on merchant application or webpage

RBI, green finance and the blue planet: How are banks placed in all this?

The central bank's report seeks to nudge banks and financial institutions to catalyse risk mitigation from climate change

No holding back: FPIs sweeten the pot for Equitas SFB and Sona BLW

Highest increase in holding by FPIs in the March quarter

Inflation cooling; confident that monetary policy is on track: RBI Guv

Reserve Bank of India Governor Shaktikanta Das on Friday said the cooling off in headline inflation to 4.7 per cent during April is "very satisfying"

RBI imposes Rs 2.92 cr fine on Canara Bank for violation of various norms

RBI said it has imposed a penalty of Rs 2.92 cr on Canara Bank for violation of various norms, including linking interest rates to external benchmark, opening savings accounts of ineligible entities

Rupee records worst week since mid-March as US dollar regains strength

By Sethuraman N R

How will the Reserve Bank of India's new locker norms impact you?

New locker rules: Now, the relationship between a bank and a customer has become that of a lessor and a lessee

India set to announce compliance details of carbon trading market in June

As world's third-largest emitter India is on track to reach net zero by 2070 and set to launch a robust and credible domestic carbon market next month

Interest rate hold likely as inflation at its weakest in 18 months

Easing inflation will bring relief to policy makers when the economy is facing headwinds from geopolitical tensions and slowing global demand

IMF warns US default would have 'serious repercussions' worldwide

Potential consequences from a US default would include higher interest rates and broader instability, IMF spokeswoman Julie Kozack said in a briefing Thursday

SoftBank Group Corp vision fund loses money mgain despite tech rebound

While SoftBank has lost money off and on for years, the latest results are surprising because technology valuations around the world have largely rebounded this year

Have a good credit score, need quick money? Opt for unsecured loan

Since the interest rate is high and the loan tenure short, evaluate your repayment capacity carefully