Page 311 - Finance News

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

Finance minister asks public banks to take stress tests; what are these?

Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns

What are municipal bonds, and why do investors prefer them over corp bonds?

Municipal bonds are primarily issued to raise money for financing infrastructure projects like building parks, libraries, schools, police departments and community centres

Indian banks to gain $36 bn in deposits as mutual funds get taxed

The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs

EPFO likely to decide rate of interest on EPF deposits for FY23 by Tuesday

Besides interest rate, the CBT will also discuss the annual accounts of the EPFO for 2022-23

Can't declare a borrower 'fraud' without hearing him first: SC tells RBI

The apex court upheld a judgement passed by the Telangana High Court in December 2020 stating that the principles of "audi alteram partem" must be applied before declaring a party as fraud

India asks state-run banks to monitor top loan accounts strictly: Reports

Indian banks, in the past, have had to take deep haircuts on their exposure to debt-laden companies admitted under bankruptcy legislation

Rupee appreciates 9 paise to 82.31 against US dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 103

G20 push: Over 30 big cities on list to tap municipal bond market

Surat, Vizag may issue bonds soon as Centre renews urban infra focus

RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts

The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation

Revised guidelines to digitise fund flow architecture in MPLADS

Developed by State Bank of India, the portal is part of the revised guidelines that aim at facilitating real-time monitoring, increasing transparency and accountability

EPFO board meet on Monday: Interest rate, higher pension top agenda

The meeting is also likely to focus on the steps to widen the social security organisation's coverage to embrace about 100 million workers and address the dip in its corpus

Govt tells PSBs to monitor, make provision for companies' pledged shares

Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level

BS Weekend Bites: Crises, Finance Bill, Rahul, and PhysicsWallah in winter

In which we munch over the week's platter of news and views

Credit card payments on foreign travels likely to attract tax at source

According to the LRS, which was introduced in 2004, all resident individuals, including minors, are allowed to freely remit up to $250,000 per financial year

RBI releases MPC meeting schedule for next financial year, 1st meet in Apr

The Reserve Bank of India (RBI) announced the meeting schedule of the Monetary Policy Committee (MPC) for the next financial year (FY24) on Friday

PNB raises Rs 974 cr via AT1 bonds against indicative amount of Rs 2,000 cr

Hardening yields drives decision to raise lower amounts; Bond market sources said coupon was firmed up at 8.75%

Asian Development Bank to provide Rs 754 cr loan to SAEL Industries

The company aims to grow its portfolio to 3.5 GW over the next four years by adding 100 MW of new biomass and 600 MW of new solar capacity annually

IndusInd Bank appoints Vikas Muttoo as COO of Bharat Financial Inclusion

A veteran banker with two and a half decades of experience in the banking sector, he was earlier heading the microfinance business of RBL Bank

RBI central board reviews economic situation, global developments

The meeting comes in the backdrop of banking crisis in US triggered by the SVB collapse and the Fed's adoption of a softer tone on future rate hikes in its latest policy statement