Page 362 - Finance News

RBI norms on unhedged Fx exposure unlikely to impact banks much

In June, the RBI had said that of the outstanding ECBs of $180 billion, 44 per cent was unhedged

Bandhan Bank plans to hike exposure of secured loans to 70% by 2025

Currently, 39 per cent of the asset book is secured

As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier

The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken

Bandhan Bank to raise exposure of secured loans to 70% by 2025

Private lender Bandhan Bank on Thursday said it will diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025

Can India's UPI system go global?

The National Payments Corporation of India's international unit has signed a string of deals over the past two years with foreign companies and central banks. Can the UPI become a global service?

How to select an equity fund?

With numerous equity funds being offered by scores of asset management companies, how do you choose the equity fund that suits you? What should you keep in mind? This report answers the questions

State Bank of India, HDFC cut home loan rates to 8.4% for new applicants

SBI's loan book crosses Rs 6-trn mark

RBI's revised ARC norms improve governance; may shake up industry

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

SBI, HDFC offer discounted home loans at 8.40% as part of festive sales

Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings

RBI to submit report on failure to tackle inflation for 3 qtrs since Jan

With inflation staying above the upper tolerance limit for nine months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices

SBI home loan book crosses Rs 6 trn-mark; launches festival discounts

The nation's largest lender State Bank on Wednesday said its home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry

Travelling to Europe? Now make hassle-free payments using UPI on your phone

Those visiting Europe will be able to make payments through UPI as the NPCI International Payments Ltd (NIPL) has entered into a partnership with European payment services facilitator Worldline

Singapore, UAE to accept RuPay payment mechanism: Nirmala Sitharaman

Nirmala Sitharaman said that Singapore and UAE have shown interest to accept the RuPay payment system acceptable in their countries

IMF praises RBI for tightening the monetary policy to curb inflation

The International Monetary Fund (IMF) praised the Reserve bank of India (RBI) for tightening the monetary policy to curb inflation in the country

India in talks with different nations to make Rupay acceptable: Sitharaman

India is talking to different countries to make Rupay acceptable in their nations, Union Finance Minister Nirmala Sitharaman said

Next budget will have to be carefully structured to maintain growth: FM

The next annual budget will have to be very carefully structured to sustain the country's growth momentum, FM Nirmala Sitharaman said, noting that it will also address inflation concerns

RBI asks banks to set aside capital, provisions for unhedged FX exposure

Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system

RBI tightens disclosure norms on divergence in NPAs, provisions

This threshold will be reduced progressively for UCBs in a phased manner after review, RBI said

MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off

RBI allows ARCs to bid for assets in IBC cases

Liquidity slips into deficit on high credit growth, festival loan demand

Banks face pressure to raise deposits; weighted average call rate highest in 3 years