Page 317 - Finance News

SMEs in Singapore urged to use PayNow-UPI scheme for biz deals with India

Singapore PM Lee Hsien Loong and his Indian counterpart Narendra Modi witnessed the launch of the cross-border connectivity of real-time digital payment systems via video conferencing on Tuesday

Kotak Mahindra Bank takes corporate digital banking portal 'Kotak fyn' live

Portal will offer services across all products, including trade & services, account services, payments, and collections and make banking seamless for clients

Inbound travellers from G20 countries can now use UPI, says RBI

Even delegates from G20 countries would be able to avail this facility at various meeting venues

Nearly a dozen fintech startups moved to IFSCA innovation sandbox

The regulatory sandbox initiative is to encourage fintech services across the spectrum of banking, insurance, securities and fund management

Banks' improving performance supports intrinsic creditworthiness: Fitch

Increased write-offs have been a key factor, but higher loan growth, supported by lower slippages and improved recoveries, have also played a role

RBI may set cutoff yield on 10-yr state bonds in 7.69%-7.71% band: Poll

Indian states will aim to raise an aggregate of 207.37 billion rupees ($2.51 billion) on Tuesday through the sale of bonds maturing between seven years and 30 years

India, Singapore link systems for real-time cross-border fund transfers

The India-Singapore payment connection is part of the trend in Asia where instantaneous, cross-border fund transfers via mobile phones are happening

Indian banks' performance till Dec 22 exceeds expectations: Fitch Ratings

The sector's impaired-loan ratio declined to 4.5 per cent in the first 9 months of FY23 (9MFY23), from 6.0 per cent at FY22

Motilal Oswal AMC introduces new features in SWP; calls it 'FAB' plan

At the heart of this offering is the company's vision to give investors more control when planning their long-term financial goals and lifestyle choices

Banks, financial institutions should safeguard banking security, says RBI

In view of the cybersecurity risk posed to the banking sector, RBI Executive Director Rohit Jain on Monday asked banks and financial institutions to adequately resource the banking security structure

RBI will take required action to keep inflation in check: FM Sitharaman

In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year

Indians spent nearly $10 billion on foreign travel in April-December

Before this, the highest spend on overseas travel in an entire financial year was $7 billion in 2019-20

NARCL may revive Srei's group's infra financing arm SIFL, wind up SEFL

Public sector asset reconstruction company NARCL is likely to revive SIFL and wind up the group's equipment financing arm SEFL after recovering outstanding debt in seven years, a source said on Sunday

Difference between rise in median MCLR, term deposits crosses 40 bps

Interest rates on fresh deposits move up faster than fresh loans

Banks' net interest income soars by a record 25.5 pc in Q3: Analysis

The rise in NIM was led by private sector banks, thanks to their operational efficiencies, at 4.03 per cent, up 15 bps on-year

BoM tops list of public sector lenders in loan growth, asset quality

The Pune-based lender recorded a 21.67 per cent increase in gross advances on a year-on-year basis, according to the latest quarterly numbers of the public sector bank (PSB)

Monetary policy stance must remain disinflationary, says RBI report

Says GDP growth will receive 15-basis point boost from tax cuts

RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing

Bankers highly optimistic about credit demand across sectors: RBI survey

Bankers are "highly optimistic" about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday

Moneyboxx cumulative disbursements reach Rs 440 crore till January

Moneyboxx started operations in February 2019 and it currently has 54 branches spread across six states - Rajasthan, Punjab, Haryana, Madhya Pradesh, Chhattisgarh and Uttar Pradesh