Page 755 - Finance News

Rupee fall: RSS affiliate SJM wants RBI to play its role more actively

The rupee Tuesday hit a new record low of 74.27 against the US dollar in afternoon trade

IL&FS jitters erode 12.5% of MF assets; AUM shrinks to Rs 22 trn in Sept

Industry players said investors pulled out money fearing contagion risks from the IL&FS default

IL&FS crisis: Microfinance sector likely to take a hit on cash crunch

It is the smaller players in MFI space that may face more headwinds in resource raising

Beleaguered IL&FS defaults on ICD payments worth Rs 1.72 billion

Meanwhile, IL&FS Trans-portation, a subsidiary of IL&FS, said that it has also defaulted to interest payments for three tranche of non-convertible debentures due on October 1

Amid IL&FS crisis, 4,000 cancelled NBFCs come under I-T lens for violations

Income-Tax department examining data received from RBI, FIU to check potential tax evasion

IL&FS crisis: MCA seeks relaxation in provisions of the Companies Act

This will enable the reconstituted board to proceed smoothly and help the board to take important decisions: Ministry

National Housing Bank raises cap on refinancing to Rs 300 billion

The NHB, a principal agency to promote and provide financial support to 97 housing finance institutions, had sanctioned Rs 88.35 billion till date

To calm investors, Indiabulls Housing-Fin says liquidity position healthy

Company says it has a healthy liquidity position standing at Rs 200 billion as of September 2018

PNB recoveries on track; Rs 130 bn recovered, upgraded in Q1, Q2: MD & CEO

The bank is expecting major recoveries from matters referred to the NCLT in the third quarter

RBI approves Federal Bank's proposal to sell 45% stake in NBFC arm Fedina

FedFina is engaged in providing loans to individual and corporate borrowers, against the security of assets like gold and real estate property

As deadline for data localisation approaches, Jaitley meets RBI DG, IT secy

Global financial technology companies have reportedly sought an extension of the October 15 deadline

RBI to raise policy rates by 25 bps in first quarter of 2019: Goldman Sachs

Goldman Sachs said RBI is expected to hike policy rates by 25 bps each in the second, third and fourth quarter of 2019

NBFCs slip as RBI plans to strengthen norms; Edelweiss Financial cracks 13%

The RBI will tighten norms for NBFCs given that many are becoming systemically important

IL&FS effect: Tighter regulations may force smaller NBFCs to shut

A spate of money market defaults by IL&FS has put the spotlight on non-bank finance companies

IPOs, FPOs, ESoPs exempted from STT for availing of concessional 10% LTCG

Also, the off-market transactions undertaken by non-residents in line with FDI guidelines, qualified institutional buyers, venture capitalist without payment of STT too could avail the 10% LTCG rate

Amalgamation not on cards, focus on internal consolidation, says PNB MD

'Right now we are focussed on internal consolidation and we are not aspiring for any inorganic expansion'

Govt may be forced to defer Axis Bank stake sale due to weak stock market

The government holds a 9.6 per cent stake in Axis Bank through state-owned entity Specified Undertaking of Unit Trust of India

Indian Bank revises interest rates on FCNR(B) at 3.68% for one-year deposit

For deposits of up to five years, interest rates are 4% as compared to 3.93%

Amid trade war, surging oil headwinds, record-low rupee doesn't scare RBI

The monetary policy committee led by Governor Urjit Patel voted 5-1 to leave the repurchase rate at 6.5 per cent on Friday

Saving the 'Titanic': Govt says took over IL&FS to stop catastrophic damage

The rescue was critical for PM Modi, who can ill afford a financial crisis months before he faces voters at the next election