Page 310 - Finance News

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

Foreign investors have bought government bonds worth Rs 152.50 billion ($1.85 billion) on a net basis since November.

Rupee depreciates by 10 paise to 82.26 against US dollar in early trade

The rupee declined by 10 paise to 82.26 against the US dollar in opening trade on Wednesday due to firm crude oil prices and a stronger greenback in overseas markets

RBI to raise rates once more on April 6 but leave door open for more: Poll

Inflation in Asia's third-largest economy remains above the central bank's upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February

Government asks state-run banks to conduct more robust stress tests

The matter was reviewed at a March 25 meeting of the bank leaders with Finance Minister Nirmala Sitharaman, who met to discuss progress of a reform agenda for the lenders

MPC should raise rates by 25 bps next week: Economists tell RBI

Say current dynamics warrant hike, but RBI should keep liquidity stance flexible

Centre may announce Aadhaar-based KYC norms for small savings schemes

The simplified KYC, along with small savings rates for the April-June 2023 quarter, may be announced on March 31, the official said

G-20 sets up an expert panel on multilateral institution reforms

NK Singh, Larry Summers to head the expert group

SC's fraud-tagging ruling may lengthen process for banks: UCO Bank MD & CEO

Soma Sankara Prasad believes the process of identifying an account as fradulent would be akin to that of determining wilful defaulters

EXIM Bank expects foreign currency borrowings to be $3-3.5 bn in FY24

Rupee-denominated fund-raising would be worth Rs 20,000-25,000 crore in FY24, says export finance institution

RBI likely to hike rates by 25 basis points next week, says economist

RBI has raised the policy rate by 250 bps since May 2022 to 6.5%, making it the most aggressive policy tightening cycle in a decade

Fiscal year change-led carry boosts Indian rupee; importers cap upside

The rupee was at 82.1825 to the dollar by 11.14 a.m. IST compared with 82.37 in the previous session

Rupee appreciates 15 paise to 82.16 against US dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59

SBI received Rs 8,800 crore from DFS in FY18 without asking for it: CAG

The department under the finance ministry did not conduct an assessment of the capital requirement according to its own standard practice before recapitalisation

Many cases may have to be reopened after SC ruling on borrowers' voice

Bankers said the decision won't deter them from marking an account as fraudulent

After Supreme Court's fraud tag verdict, responsibility now on banks

Borrowers - small and large - can now seek a relook at their cases

SJVN gets Rs 915 crore from Japan Bank for International Cooperation

State-owned SJVN Ltd has secured Rs 915 crore 'GREEN' finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh

Full-KYC Paytm wallets can now make payments across all UPI QR codes

Move comes after NPCI announces KYC wallet interoperability

Credit card loans aid over 182,000 street vendors, jobless in Rajasthan

The scheme started in August 2021 to provide support to youths who lost their livelihood owing to the pandemic

Banking crisis raises concerns about leverage lurking in financial system

More than a dozen regulators, bankers, asset managers and former central bank officials say shadow debt and its links to lenders are becoming a major cause for concern

Debt fund taxation changes to impact corporate bond demand: Fund managers

Fund managers expect mutual funds to focus more on actively managed funds which can allow for higher returns and balance out the impact of higher taxes