Page 445 - Finance News

Fino Payments not planning to turn into small finance bank 'right now': CEO

Company is only profitable payments bank and 'lot of things need to settle down first' for it to consider seeking a licence for conversion, says Rishi Gupta

'May take several years to close wide output gap': RBI MPC

RBI Governor Shaktikanta Das and Deputy Governors Michael Debabrata Patra and T Rabi Sankar spoke to the media on several issues

Households see rise in inflation in near- and medium-term: RBI survey

Meanwhile, consumer confidence continued to improve from the historic low recorded in July 2021, another survey released by the RBI said

RBI Policy: Subtle shift in growth-inflation balance

We foresee hikes of 25 bps each in the repo and reverse repo rates each in the April 2022 and June 2022 reviews

RBI Monetary policy highlights: Lending rates unchanged amid Omicron scare

RBI Monetary policy LIVE updates: RBI announcement comes amid the threat surrounding Omicron coronavirus variant. Stay tuned for all the LIVE updates

Omicron impact concern forces RBI to keep reverse repo rate unchanged

Variable rate reverse repo auction seems to be the central bank's mode to fine tune excess liquidity.

Banks can infuse capital in overseas branches without RBI approval

RBI said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval

Reserve Bank retains GDP growth forecast for current fiscal year at 9.5%

RBI retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough

Retail inflation expected to be around 5.3% during FY22: Reserve Bank

The Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.

RBI leaves key rates on hold amid Omicron risks; analysts weigh in

The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%

RBI leaves rates unchanged, says economy better prepared to deal with Covid

Central bank maintains FY22 GDP forecast at 9.5 per cent and projected retail inflation to be at 5.3 per cent.

Measures taken to protect bona fide commercial decision of banks: FM

This is to alleviate the fear of any unwarranted hardships to officials or senior executives taking key decisions: FM

PNB plans to raise up to Rs 2,000 cr through additional AT1 bonds

Bond dealers said the base size of the offering is for Rs 500 crore with a green shoe option of Rs 1,500 crore

RBI imposes curbs on Nagar Urban Co-op Bank, caps withdrawals at Rs 10,000

The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months

Over 55% Jan Dhan account holders are women: Finance Ministry

There is no requirement to maintain any minimum balance in PMJDY accounts

RBI MPC starts deliberations amid expectations of status quo in policy rate

The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on interest rate

Number of ATMs in country at over 213,000, says Finance Ministry

In addition to this, 27,837 White Label ATMs (WLA) were also installed by WLA operators up to September 2021

What explains the lure of pay-later cards like Slice and Uni?

New pay-later cards are making their way into people's wallets, who don't even have a credit history. Let us find out why these pay-later cards are catching up and what is luring people towards them

What are the types of bank accounts in India?

India has different types of bank accounts for different purposes. Find out the various types of accounts that can help you decide which one suits your requirements best

RBI may wait and watch, say economists; status quo likely on all fronts

Bond market participants are factoring in a reverse repo hike