Page 445 - Finance News
What does the road ahead for cryptocurrencies look like in India?
India emerged as the fastest-growing crypto market in the world this year. A Bill to regulate it remained a work in progress. So, what's puzzling the government? And how was the year 2021 for cryptos?
 "What does the road ahead for cryptocurrencies look like in India?")
Physical, digital financial services to co-exist in India: SBI chairman
On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile
 "Physical, digital financial services to co-exist in India: SBI chairman")
MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor
'Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going forward, are two-fold,' says Shaktikanta Das
 "MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor")
MPAI, ADIF write to RBI for an extension of tokenisation deadline
MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem
 "MPAI, ADIF write to RBI for an extension of tokenisation deadline")
YES Bank board approves raising funds up to Rs 10,000 crore
The fundraising will happen through various instruments, including equity and bonds
 "YES Bank board approves raising funds up to Rs 10,000 crore")
No Cabinet decision on privatisation of two PSBs: FM Sitharaman
The bill related to privatisation of PSBs has been listed for the ongoing winter session of Parliament, which ends on December 23
 "No Cabinet decision on privatisation of two PSBs: FM Sitharaman")
Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds
Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds.
 "Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds")
Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank
This has been a bad loan account for more than three years
 "Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank")
EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase
The EPFO provides provident fund, pension benefits to the members on their retirement and family pension & insurance benefits to their families in case of untimely death of the member
 "EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase")
RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education
RBL Bank on Monday said it had raised Rs 5.20 crore through a corporate social responsibility initiative focused on cycling in a bid to support education of underprivileged and special-needs children
 "RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education")
Income-tax return and types of ITR forms
The deadline for filing IT return is drawing close. Many wait till the last moment to finish the exercise, but that is not advisable. Find out the different categories of ITR forms that taxpayers fill
 "Income-tax return and types of ITR forms")
MFIN to launch natural catastrophe insurance cover for micro borrowers
The MicroFinance Institutions' Network is planning to introduce this product with Cholamandalam MS General Insurance as insurer
 "MFIN to launch natural catastrophe insurance cover for micro borrowers")
Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired
A plea has been filed in the Delhi HC seeking direction to the Centre and RBI to formulate a policy to issue Rs 50 coins to the visually impaired.
 "Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired")
India is mulling changes in law to cut govt's stake in banks: Report
The proposals -- if approved -- would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without diluting its grip on management appointments, say sources
 "India is mulling changes in law to cut govt's stake in banks: Report")
Reserve Bank of India red-flags cryptocurrency risks in board meet
Officials say introduction of CBDCs will obviate need for private cryptos
 "Reserve Bank of India red-flags cryptocurrency risks in board meet")
ICICI Bank raises Rs 5,000 crore through 10-year bonds
Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates
 "ICICI Bank raises Rs 5,000 crore through 10-year bonds")
NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath
The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath
 "NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath")
IFSCA sets up panel for creating framework for transfer of stressed loan
The International Financial Services Centres Authority on Friday sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.
 "IFSCA sets up panel for creating framework for transfer of stressed loan")
Two-day bank strike ends; banking operations hit across Maharashtra
Banking operations across Maharashtra remained impacted for the second straight day on Friday as employees of state-run lenders continued their two-day strike against bank privatisation
 "Two-day bank strike ends; banking operations hit across Maharashtra")
Union Bank of India raises Rs 1,500 crore via Basel-III compliant bond
State-run Union Bank of India has raised Rs 1,500 crore by issuing Basel III compliant bonds on a private placement basis.
 "Union Bank of India raises Rs 1,500 crore via Basel-III compliant bond")