Page 298 - Finance News
Minutes of April MPC meeting: Members split on economic growth prospects
RBI Governor Shaktikanta Das says situation dynamic and fast evolving
 "Minutes of April MPC meeting: Members split on economic growth prospects")
Cumulative impact of monetary policy actions still unfolding: RBI guv Das
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding
 "Cumulative impact of monetary policy actions still unfolding: RBI guv Das")
NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL
The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said
 "NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL")
HDFC Capital to hike stake in proptech startup Reloy by up to 2.4%
HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies
 "HDFC Capital to hike stake in proptech startup Reloy by up to 2.4%")
RBI to come up with new rules on classification of accounts as fraudulent
The new rules will reportedly give the borrower a personal hearing before they are declared a wilful defaulter
 "RBI to come up with new rules on classification of accounts as fraudulent")
Cube Highways and Infra InvIT raises Rs 5,226 cr from BCI, Mubadala
Canadian pension investment manager British Columbia Investment, Abu Dhabi's sovereign investor Mubadala and domestic institutional investors subscribed to the offering, the company said in a release
 "Cube Highways and Infra InvIT raises Rs 5,226 cr from BCI, Mubadala")
Home loan demand declines, special interest rates to continue
CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity
 "Home loan demand declines, special interest rates to continue")
RBI calls meeting of all bank boards to discuss governance, supervisory
Ethics, supervisory expectations may also figure in May 29 meeting
 "RBI calls meeting of all bank boards to discuss governance, supervisory")
Bumpy ride ahead for green deposits with questions raised about workability
The RBI's framework for green deposits is well meant but raises many questions on its workability
 "Bumpy ride ahead for green deposits with questions raised about workability")
IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment
Under the deal, IndusInd Bank will offer credit to firms in the supply chain of Japanese OEMs in India, and to final buyers of construction machinery made by Japanese firms
 "IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment")
Karur Vysya Bank hands over EVs, RO plant to TTD under ESG initiative
The donation would fulfil the environment sustainability and climate-related objectives under the Bank's environmental, social and governance initiatives
 "Karur Vysya Bank hands over EVs, RO plant to TTD under ESG initiative")
RBI grants AU Small Finance Bank permission to deal with foreign exchange
Reserve Bank of India vide its letter dated April 19, 2023 has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange
 "RBI grants AU Small Finance Bank permission to deal with foreign exchange")
After insurance firms, now private banks under income tax scanner
Two large private banks are suspected of taking advantage of their position as intermediaries to get additional revenue from insurance companies
 "After insurance firms, now private banks under income tax scanner")
Bank of India looking to raise Rs 4,500 cr via equity issue in Q1FY24
Bank's board of directors has given it the go-ahead to raise up to Rs 6,500 crore in FY24
 "Bank of India looking to raise Rs 4,500 cr via equity issue in Q1FY24")
Public sector Indian Bank signs MoU with Tamil Nadu e-Governance agency
"This MoU will enable easy access, transparency and quick delivery in services and cater to one of the top priorities of the TN government." bank's executive director Mahesh Kumar Bajaj said
 "Public sector Indian Bank signs MoU with Tamil Nadu e-Governance agency")
Bank of India board approves up to Rs 6,500 crore fundraising plan
Strap: The bank will raise Rs 4,500 crore as equity capital and Rs 2,000 crore via bonds
 "Bank of India board approves up to Rs 6,500 crore fundraising plan")
HDFC Bank set to meet reserve ratio requirements post merger: Report
The $40 billion merger, announced last April, is expected to conclude by July, HDFC Bank's Chief Financial Officer Srinivasan Vaidyanathan told analysts at a conference call on Saturday
 "HDFC Bank set to meet reserve ratio requirements post merger: Report")
Rupee rises 1 paisa to 82 against US dollar in Tuesday's early trade
Later, the rupee was trading at 82, registering a gain of 1 paisa over its previous close
 "Rupee rises 1 paisa to 82 against US dollar in Tuesday's early trade")
I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity
The people who have been served notices include salaried employees, self-employed individuals, and companies
 "I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity")
Mahindra Finance to raise upto Rs 8,000 crore through debentures in FY24
The company continued to maintain a comfortable liquidity chest of about three months' requirement, according to the NBFC's filing with BSE
 "Mahindra Finance to raise upto Rs 8,000 crore through debentures in FY24")