Page 455 - Finance News

NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report

Capex loan sanctions still in negative territory

India better positioned to face external shocks: RBI deputy governor Patra

India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the Covid and the inevitability of climate change, Michael Debabrata Patra said

RBI unions to step up stir with mass casual leave on Nov 30 over wage deal

In its communication, the unions said they have "exhausted all avenues of peaceful solution", and unanimously decided to start their agitation process from Tuesday

Has cryptocurrency become too 'mainstream' in India to be banned?

Considering cryptos' growing popularity among millennials and the sector's employment potential, can India realistically completely ban - or even partially ban - the technology? Let's understand

What is e-RUPI and how can it plug leakages in direct benefits transfer?

The govt recently launched e-RUPI vouchers to transfer the benefits of its welfare programmes. A person- and purpose-specific digital payment system, it does not require beneficiaries to a smartphone

SIDBI launches second window of Swavalamban Challenge Fund

Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.

RBI remains net purchaser of US dollar in September, says report

The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased USD 791 million on the net basis from the spot market, RBI data showed

RBI's integrated ombudsman scheme aims for seamless redress of grievances

Scheme to offer cost-free redress of complaints about 'deficiency' in services rendered by entities regulated by RBI, if not resolved to customers' satisfaction or not replied within 30 days

Will RBI's Retail Direct scheme spur retail investor interest in bonds?

The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious

IT department sets up Taxpayers' Lounge at IITF till Nov 27

The Income Tax department on Sunday set up a 'Taxpayers' Lounge' at the India International Trade Fair, seeking to promote trust and fostering awareness.

RBI clarifies norms for upgrading of accounts classified as NPAs

Asks lenders to mention exact due date for repayment in loan agreements

Banks' core earnings face heat from poor credit growth, low yields on loans

Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY

Retail direct, integrated ombudsman scheme will make country stronger: Modi

Through retail direct, an individual investor can directly invest in G-secs, in a system facilitated by the RBI, without any fees, and without the need for a fund manager

Two RBI schemes launched by prime minister to deepen bond market: Experts

Two innovative, customer-centric schemes launched by Prime Minister Narendra Modi on Friday will result in deepening the bond market by broadening the base of investors, experts said

RBI Retail Direct Scheme: Individuals can now directly buy T-bills, G-Secs

Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds and state development loans from primary as well as secondary markets, thanks to RBI Retail Direct Scheme

Ombudsman scheme to provide cost-free redress of customer complaints: RBI

The Integrated Ombudsman Scheme, 2021, will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by the RBI

ATM cash withdrawals are coming back steadily, and so is deployment

ATMs to touch 365,000 by 2027, more in semi-urban, rural areas

Amid RBI's tough stance, what will be cryptocurrencies' fate in India?

RBI Governor Shaktikanta Das has again said that cryptocurrencies pose a threat to India's financial stability. Amid growing interest, what does the RBI's tough stance mean for virtual currencies?

PM Modi to launch RBI's retail direct and integrated ombudsman schemes

Billed as gamechangers, the two schemes may go a long way in changing how the household sector invests and complains if anything goes wrong with their savings

Auto debit bounce rates drop further in October to touch pre-Covid levels

NACH data shows that of 86.6 mn transactions in October, 27 mn or 31.24% failed while 59.52 mn went through; In value terms, 24.83% of the transactions declined in October, lowest since Jan 2020