Page 305 - Finance News

Geojit Credits launches digital loan against mutual fund holdings

Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF)

Nainital Bank raises Rs 100 cr via rights issue to meet future requirements

Mumbai-based BoB had taken over Nainital Bank in 1973 on the directions of the Reserve Bank of India

Investment banker Sudha Shivkumar is now president of Ficci women's wing

As 40th President of FLO, she will focus on empowering women by facilitating an enabling environment that promotes entrepreneurship, industry participation and economic development of women

MPC may raise rate by another 25 bps as inflation woes persist: BS Poll

All eyes on policy stance, pause signal

Sundaram Home Finance to double number of branches giving small biz loans

In October last year, the company made a foray into the small business loans segment

Rupee depreciates by 25 paise to 82.46 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48 per cent to 102.99

ATM cassette-swaps to start in June as cash refills go contactless

Move will align cash-handling business with global standards, clamp down on fakes, accounting discrepancies

UPI processes 8.7 bln transactions in March, highest ever since inception

UPI transactions in March 2023 were over 60 per cent and 46 per cent higher in volume and value terms from the year-ago period, according to NPCI

Fundraising via REITs hits all-time low in FY23 on higher yields on debt

According to data compiled by Prime Database.com, a total of Rs 1,166 crore was mobilised by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) together in 2022-23

Benchmark G-sec yields close lower at FY23 end vis-a-vis Dec 2022

Shields banks from adverse impact from bond portfolio

Govt hikes interest rates on most small savings schemes by up to 70 bps

Rate on National Savings Certificate steeply raised by 70 bps, PPF kept unchanged

Finance ministry to launch three-month campaign to boost micro-insurance

The department has advised chief secretaries of States/ UTs and chairman and CEOs of Public Sector Banks (PSBs) to extend full support during the campaign

Bank of Maharashtra opens first dedicated branch for startups in Pune

State-owned Bank of Maharashtra (BoM) on Friday said it has opened its first dedicated branch for startups in Pune

At $578.78 bn, India's forex reserves rise to over eight-month high

That is an increase of $5.98 billion from the previous week

ICICI to double wealth bankers, boost assets to $60 billion in 2 yrs

ICICI Securities Ltd. aims to double its wealth managers and boost the assets from rich clients to $60 billion in the next two years, as competition ramps up in India's rapidly growing wealth industry

Rupee appreciates by 24 paise to 82.10 against US dollar on FII flows

At the interbank foreign exchange market, the rupee opened higher at 82.12 and stayed in the green in early trade. It moved in a range of 82.16 to 82.10 in early deals

Loans disbursed digitally rose 12-fold between 2017-20: RBI panel report

Also as per the findings of the report, there were approximately 1,100 lending apps in the country, between January 1, 2021 and February 28, 2021

NPCI interchange fee rule: Will your UPI-wallet payments not be free now?

The NPCI's decision to levy 1.1 per cent fees on the UPI-wallet payments has led to a lot of speculation on social media, people are worried this will make the transactions costlier. But is it true?

Euro, dollar steady as bank fears subside, investors focus on inflation

The dollar had been under pressure from the possibility that the Federal Reserve may have to relent in its fight against inflation and pause rate hikes

Punjab National Bank board nod to raise Rs 12,000 cr in capital in FY24

It would raise capital by issuing AT-1 bonds upto Rs 7,000 crore and tier- II Bonds up to Rs 5,000 crore, in one or more tranches