Page 299 - Finance News

SME loan defaults to rise for NBFCs in the coming quarters: Moody's

Hardening interest rates, cost pressures make SMEs vulnerable

Godrej Capital aims to double its loan book to Rs 12,000 cr in FY24

Eyes a size of Rs 50,000 cr in five years; plans to infuse Rs 1,200 cr capital in current fiscal

Will dollar continue to dominate world trade or will other currencies gain?

An aggressive push by Chinese President Xi Jinping and the slow but steady rise in yuan use for transactions has contributed to the international chatter around reducing global use of dollar

UPI continues to dominate digital payments thanks to wide use of QR codes

According to a Worldline India report on India's digital payments, in 2022, UPI processed over 74 billion transactions, an increase of 70 per cent YoY

Global public goods should be financed from add'l resource allocation: FM

Her call not to divert resources from World Bank's two priorities of eliminating poverty and promoting shared prosperity find acceptance by expert group

RBI's norms on outsourcing IT services will improve corporate governance

Reserve Bank's regulation on outsourcing of IT services by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, say industry experts

Crypto issue requires immediate attention, says FM Nirmala Sitharaman

Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector

India, Japan, France's common platform to aid Sri Lankan debt restructuring

India, Japan and France have announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka which is grappling with its worst economic crisis

Indian banks insulated from US, Swiss crises: RBI governor Shaktikanta Das

Greater acceptance among G20 about crypto regulations, says FM

India's forex reserves up $6.3 bn to $585 bn, highest in nine months

The surge was mainly on account of a $4.74 billion accretion to currency reserves that took them to $514.4 billion, shows RBI data

Credit card spends touch all-time high of Rs 1.37 trillion in March

For FY23, spending topped Rs 14 trillion, up 47.27% from Rs 9.71 trillion in FY22

FinMin plans Rs 3K cr extra capital infusion in PSU general insurance firms

Public sector general insurance companies are undergoing various reforms, including organisational restructuring, product rationalisation, cost rationalisation and digitalisation

Budget houses go out of budget; high interest rates and EMIs pinch buyers

Share of affordable housing in sales may fall for FY23, FY24

Fund pick: SBI Corporate Bond Fund

Fund pick of SBI Corporate Bond Fund

AU Small Finance Bank shares up 17% on CEO Sanjay Agarwal reappointment

Analysts expect the company to clock robust loan growth

Finance Secretary Vivek Joshi holds review meeting with heads of PSU banks

Joshi exhorted the PSBs to achieve the targets allocated to them under the various schemes for financial inclusion in a time-bound manner, the finance ministry said in a statement

Softer US dollar, better risk appetite push rupee to two-month high

The Indian unit has been gaining against the greenback and has appreciated 1.08 per cent in 2023

NBFCs to face funding woes, may hit growth, says India Ratings

Banks and capital markets together account for most of the funding sources for NBFCs (April-December 2022 9MFY23: 73 per cent)

Andromeda expects 15% growth in loan disbursals to Rs 70,000 cr in FY24

Andromeda has been witnessing a large number of queries from prospective home buyers, which is a positive sign for the company's future growth, Andromeda CEO Raoul Kapoor said

NHB may issue 3-year bonds in April, Reliance plans 2-month CP, and others

In March, NHB raised Rs 1,900 crore through bonds maturing in three years and 10 days at a coupon of 7.77%, and this issue had a put and call option at the end of one year