Page 463 - Finance News
FinMin officials pitch for better sovereign rating outlook with Moody's
Finance Ministry officials and representatives of rating agency Moody's on Tuesday discussed economic growth prospects, during which India pitched for an upgrade in its sovereign rating outlook
 "FinMin officials pitch for better sovereign rating outlook with Moody's")
Fintech regulations must be based on entity, not activity: RBI Dy Governor
If a fintech player is providing liquidity service (such as deposits and credit), it must be regulated as strictly as a bank, says T Rabi Sankar
 "Fintech regulations must be based on entity, not activity: RBI Dy Governor")
Bond market sees signals of normalisation in RBI move on 7-day reverse repo
The central bank is tight-lipped about normalisation, even as other global central banks have started sounding hawkish
 "Bond market sees signals of normalisation in RBI move on 7-day reverse repo")
Data privacy, safeguarding client details important: FM Sitharaman
Sitharaman added that safeguard of client data is the backbone to bringing trust
 "Data privacy, safeguarding client details important: FM Sitharaman")
Festive rate cut not a mispricing of risks: Union Bank of India MD & CEO
In a Q&A, Rajkiran Rai G says retail credit can't make up for tepid corporate demand
 "Festive rate cut not a mispricing of risks: Union Bank of India MD & CEO")
Centre starts talks with RBI to kick off bank privatisation process
The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said
 "Centre starts talks with RBI to kick off bank privatisation process")
Revised norms for securitisation likely to boost volume of loans
The securitisation process involves the conversion of an assets mostly loans, into marketable securities, which are sold to investors to raise cash
 "Revised norms for securitisation likely to boost volume of loans")
RBI imposes Rs 2 crore penalty on RBL Bank for regulatory non-compliance
RBI imposes monetary penalty on RBL Bank for breaching deposit, board composition norms
 "RBI imposes Rs 2 crore penalty on RBL Bank for regulatory non-compliance")
Did central banks gain too much clout in pandemic: An economist explains
Christina Parajon Skinner, an assistant professor at the Wharton School and former legal counsel at the Bank of England, probe the question.
 "Did central banks gain too much clout in pandemic: An economist explains")
Reserve Bank of India green focus likely to change way of financing
As the world suffers from unseasonal rains and cyclones, sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component
 "Reserve Bank of India green focus likely to change way of financing")
Many districts lack bank branches despite high economic activity: FM
Union Finance Minister Nirmala Sitharaman said despite the huge thrust on financial inclusion and high economic activity, there are districts in the country not having any banking presence at all.
 "Many districts lack bank branches despite high economic activity: FM")
HDFC Bank aims to double rural presence, hire 2,500 people
HDFC Bank, the country's largest private sector lender, on Sunday said it aims to double its rural reach to two lakh villages, which will see it hire 2,500 people in the next six months
 "HDFC Bank aims to double rural presence, hire 2,500 people")
India needs 4-5 more SBI sized big banks, says FM Sitharaman
There is an urgent need to scale up banking to meet the growing needs of the industry, she said
 "India needs 4-5 more SBI sized big banks, says FM Sitharaman")
Traders, economists see early taper warning signs to markets from RBI
The central bank is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to analysts.
 "Traders, economists see early taper warning signs to markets from RBI")
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer
Market yet to respond to rate cuts on home loans, share prices unaffected
Lower rates to aid loan demand for financiers who can offset discounts over the long tenure
 "Market yet to respond to rate cuts on home loans, share prices unaffected")
Finance ministry notifies procedure for goods exported under RoDTEP
The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.
 "Finance ministry notifies procedure for goods exported under RoDTEP")
ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD
Its pool of recast loans stood at 3.4 per cent of AUM by the end of June, according to CRISIL
 "ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD")
UBS Principal Capital Asia sells Axis Bank shares worth Rs 255 crore
UBS Principal Capital Asia Ltd on Friday sold Axis Bank's shares worth nearly Rs 255 crore through an open market transaction
 "UBS Principal Capital Asia sells Axis Bank shares worth Rs 255 crore")
Delhi HC extends till November 31 deadline to seed Aadhaar with UAN
The Delhi High Court has extended till November 31 the deadline for the seeding of the Aadhaar number along with the Universal Account Number (UAN) and its verification
 "Delhi HC extends till November 31 deadline to seed Aadhaar with UAN")