Page 428 - Finance News

Why not credit cards for NBFCs? A tale of tears behind the plastic smile

Retailing has been transformed in recent years, but the central bank still hasn't allowed NBFCs to issue credit cards

Bank of Maharashtra emerges leader among PSBs in deposit mobilisation in Q3

The Pune-headquartered lender recorded a 15.21 per cent increase in total deposits at Rs 1,86,614 crore in the October-December period of 2021-22

Govt to soon appoint three independent directors on NaBFID board

With the appointment of three independent directors, sources said, the formation of full board would be completed

RBI's MPC is expected to begin raising key lending rate from April

The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent

YES Bank board approves early redemption of eight bonds worth Rs 1,764 cr

Yes Bank board on Friday approved a proposal to seek investors' nod for early redemption of bonds worth Rs 1,764 crore.

RBI monetary policy review: Lenders split on home loan rate cut

The Reserve Bank of India's (RBI) signal that the repo rate is not going to increase any time soon has left home loan players divided on pricing, going ahead

RBI believes differing policy strategy, policy stance can co-exist: Report

Bond yields have shed seven basis points to 6.73 per cent on Thursday after touching 6.88 per cent on the Budget day

Low interest rates, enormous liquidity in the system is a concern: Subbarao

Former RBI Governor D Subbarao said the concern today was that the low interest rates and the enormous liquidity available in the system could potentially disrupt financial stability.

Banks in India can offer foreign currency-settled rupee derivatives

Move is expected to remove segmentation between onshore and offshore markets

Monetary policy: RBI cautious on CBDC; cap on e-RUPI vouchers at Rs 1L

In line with the Budget announcement, RBI governor Shaktikanta Das said that central bank digital currency (CBDC) will be launched in the next fiscal year

Monetary policy: RBI surprises with dovish note as growth concerns weigh

Repo rate unchanged at 4%; stance 'accommodative'

Decoupling from US: RBI governor Shaktikanta Das's boldest monetary policy

RBI has the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at 4 per cent and 3.35 per cent

Monetary policy meeting: We are not behind the curve, says RBI

The rates - whether repo or reverse repo - present a particular stance. They are reflective of the stance adopted by the RBI, said RBI Governor Shaktikanta Das

RBI monetary policy: Increase in VRR limit to boost debt capital

RBI's decision to raise limits under the Voluntary Retention Route (VRR) will provide additional sources of capital for the domestic debt market, according to market players

Strategy, stance: The fine dictum in RBI policy

The RBI policy statement of status quo has a clear distinction between policy strategy and policy stance and can coexist simultaneously

RBI's dovish policy helps bonds cut back on Union Budget losses

Bond yields, which shot up significantly after the Union Budget announced a larger-than-expected borrowing, got some relief after the central bank delivered an extremely dovish policy

RBI releases master directions for credit derivative transactions

The Reserve Bank on Thursday came out with its master directions for credit derivative transactions, a year after it released the draft guidelines.

RBI measures for MSMEs, contact-intensive sectors augur well for economy

RBI's additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday.

Banks sanction loans worth Rs 3.1 trillion to MSMEs under ECLGS: Sitharaman

As much as Rs 2.36 lakh crore have been disbursed to MSMEs, she said

Parliament LIVE: UPA term was India's 'andhkaal', says FM Sitharaman

Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman