Page 80 - Finance News

Unaccounted income invested in Virtual Digital Assets on CBDT radar

Such entities and individuals which are engaged in Virtual Digital Asset (VDA) transactions and have failed to comply with the Income-tax Act, 1961 have been identified for verification, sources said

Rupee weakens to 2-month low as crude surges on West Asia tensions

Rupee falls sharply to ₹86.09 per dollar amid rising crude prices due to Israel-Iran conflict; RBI intervenes as Brent jumps 11%, FX reserves touch $697 billion

Karnataka seeks bigger share of central taxes, Rs 1.15 trn for B'luru infra

Karnataka's per capita devolution has also dropped significantly from 95 per cent to 73 per cent of the national average between 14th and 15th Finance Commissions

Maruti Suzuki ties up with Equitas Small Finance Bank for car financing

A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new cars, used cars and commercial vehicles

RBI's breather on gold loans to spur growth in NBFCs: Crisil Ratings

RBI's revised gold loan norms to benefit NBFCs by raising LTV ceilings, providing better cushions for bullet loans and expanding lending headroom

Rupee ends at 2-month low as oil prices soar; closes below 86 mark

Indian Rupee today: The domestic currency fell 49 paise to end at 86.09 against the dollar, after closing at 85.60 on Thursday

Life insurers' new business premium up 13% in May; non-life firms rise 6.3%

Standalone health insurers record nearly 10% Y-o-Y growth at Rs 2,916.75 cr

Closer scrutiny of independent directors likely amid IndusInd Bank row

RBI's vetting process may become more intense as banking industry looks for people skilled to be 'effective board members'

Rupee slides past 86 to hit 2-month low as West Asia tensions flare

Indian Rupee today: The domestic currency fell 53 paise to open at 86.13 against the dollar, after closing at 85.60 on Thursday

Five-year G-sec yield spikes 22 bps in 3 days on VRRR auction fears

Bond market spooked by fears of potential VRRR auction as 5-year G-sec sees steepest 3-day spike in yields since 2022, amid uncertainty on RBI's liquidity stance

RBI allows KYC updation for low-risk customers till 30 June 2026

Allows Business Correspondents to assist in KYC updation, reactivation of inoperative accounts under extended compliance timeline

BoM, BoB reduce lending rates following RBI's recent policy action

Bank of Maharashtra cuts retail loan rates by up to 50 bps; Bank of Baroda trims MCLR on select tenors with effect from 12 June as banks align with RBI move

Bank of Maharashtra cuts retail loan rates by up to 50 bps post RBI move

Bank of Maharashtra, Bank of Baroda and other PSU banks cut lending rates following RBI's 50 bps repo rate reduction, with home loans now starting at 7.35 per cent

Canara Bank to raise up to ₹9,500 crore capital through bond issuance

The capital raising initiative is aimed at strengthening the bank's capital adequacy, supporting future business growth and ensuring compliance with Basel III norms

Rupee snaps five-day gaining streak; ends 9 paise lower at 85.60/$

Indian Rupee today: The domestic currency depreciated 9 paise to end at 85.60 against the greenback, after closing at 85.51 on Wednesday

RBI winds down offshore currency tool reflecting shift in strategy

Reduction in the offshore exposure accounts for most of the recent drop in the RBI's overall forward dollar positions

Rupee gains for sixth day on weak dollar; opens higher at 85.43/$

Indian Rupee today: The domestic currency appreciated 8 paise to open at 85.43 against the dollar, after closing at 85.51 on Wednesday

RBI sends conflicting signals about monetary policy with surprise moves

The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth

HDFC Bank-LKMM Trust row escalates amid claims over loan irregularities

As LKMM Trust questions the existence of a loan and cites missing documentation, HDFC Bank calls the allegations false and prepares for legal action to protect its interests

Banks open to MTNL debt restructuring, reject possibility of haircut

Cabinet Secretary TV Somanathan has called a meeting of various stakeholders next week to find a way out for the state-run MTNL, which has defaulted on bank loans