Page 308 - Finance News

RBI has a responsibility to promote sustainable economic growth: DG Rao

Says banks have a role to play by making finance available to incentivise sustainable initiatives

Bankruptcy resolutions yielding lower realisations, taking longer: Report

For those opting for liquidation, the quantum of money realised as a percentage of the creditors' claims is in single digits, the agency said

Stronger buffers for Indian bank deposits as world faces financial crisis

Customer confidence may improve if recovery time, insurance coverage is better

Rupee weakens against dollar after OPEC+ supply cut, recovers later

According to a UBS India report, the rupee is likely to strengthen as the current account gap is expected to narrow in FY24

HDFC Bank records 16.9% increase in credit growth at Rs 16 trillion

Corporate and other wholesale loans rose around 12.5 per cent over March 31, 2022 and around 4.5 per cent over December 31, 2022, it said

Finance Ministry to constitute 16th Finance Commission this year

The Finance Ministry in its FY24 Budget has allocated a token Rs 10 crore for establishing attached offices for the 16th Finance Commission

Net direct tax collections grow 18% to Rs 16.61 trn in FY23, exceeding RE

The net direct tax collections, which include taxes from individuals and corporations, have exceeded the BE by 16.97 per cent and RE by 0.69 per cent

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052

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