Page 431 - Finance News

NBFCs get extra 6-months to keep system ready to implement NPA norms

In November 2021, RBI had given time till March 31, 2022 to implement the rule

RBI unlikely to hike rates till Aug, despite rising inflation: Report

Despite retail inflation rising to 6.01% in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged during the first half of 2022.

What does the country's largest IPO of LIC mean for investors and govt?

After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move

Axis Bank set to buy Citigroup's India retail unit for $2.5 bn: Report

The Indian lender emerged as the buyer after beating out rivals, with factors such as job security for current Citigroup employees and competition.

RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India

'We have examined arguments by those advocating cryptos should be regulated, and found that none of them stand up to basic scrutiny,' says RBI Deputy Governor

Banning crypto is perhaps the most advisable choice open to India: RBI DG

Cryptocurrencies are akin to Ponzi schemes or even worse and banning these is the most sensible option for India, the Reserve Bank of India's deputy govenor said on Monday.

Govt, RBI in complete harmony on cryptocurrencies, says FM Sitharaman

Finance Minister Nirmala Sitharaman said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank

Asset quality issues to affect realty-focused non-banks till FY23: Study

The real estate AUM of non-banks contracted by 17.64 per cent to Rs 2.8 lakh crore as of March 2021 from Rs 3.4 lakh crore as of March 2019

Discussions on with RBI over digital currency: Finance Minister Sitharaman

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year

What is sin tax? What is it imposed on?

Govts earn revenue by charging taxes. But, it also imposes a special tax to wean people off bad habits. It is called sin tax. Govts impose sin tax on alcohol and tobacco products

ICICI Bank's Sandeep Bakhshi is Business Standard Banker of the Year

5-member jury chooses him for turning around the private sector lender

Centre may not go for 60% borrowing in the first half of FY23

Rethink on proportion on back of Fed tightening, high oil prices

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.