Page 92 - Finance News

MCA considering an oversight body for lender committee functioning

"We are discussing whether an oversight committee is required. The discussions at this stage are being done internally at the Ministry of Corporate Affairs (MCA) level," the senior official said

Finance ministry notifies form ITR-B to report undisclosed income

Form ITR-B allows the assessee to claim TDS (tax deducted at source) and TCS (tax collected at source) credit against undisclosed income

Shriram Finance seeks RBI approval for primary dealership licence

RBI is very selective about granting PD licences. If granted, Shriram Finance will be one of the first non-bank entities to receive a PD licence in recent times

Banks may write off stressed loans worth Rs 1.5 trillion in FY26: Icra

Credit growth to expand at 10.8-10.9% on regulatory easing

Payment pains: UPI outages traced to tech glitches, backend failures

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes

Bank of Maharashtra's credit growth surpasses total deposit growth

The lender's total advances grew by 17.8 per cent year-on-year to Rs 2.4 trillion, while on a quarterly basis, advances were up by 5 per cent

Bandhan Bank launches Elite Plus; Bank of Baroda unveils new term deposit

The savings account will allow customers to deposit unlimited cash each month, with free RTGS, NEFT, and IMPS transactions

Jio Finance launches loan against security offering for customers

Customers of Jio Finance can now avail themselves of loans of up to Rs 1 crore, with interest rates starting at 9.99 per cent, tailored to their risk profiles

REC raises Rs 2,625 crore through 15-year bonds at coupon rate of 7.02%

Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months

Amid Donald Trump's tariff offensive, China lets yuan slide to 19-month low

The onshore yuan fell to its weakest level since September 2023 as Beijing signals policy shift to support exporters and counter US trade pressure

Indian Rupee ends above 86/$; Falls by 42 paise ahead of MPC decision

Crude oil prices were trading near a four-year low as uncertainty regarding tariffs weighed on the global growth outlook

Indian Rupee opens 3 paise lower at 85.87/$; RBI's MPC meet in focus

The domestic currency weakened 3 paise to open at 85.87 against the greenback after closing at 85.84 on Monday, according to Bloomberg data

Q4 result preview: Banks' net profit likely fell 4% on NIM pressure

Loan growth is expected to have further slowed down amid low demand in certain secured products, stress in the unsecured segment, and a high CD ratio across the system

8th Pay Commission: State govts want parleys before final report

The Cabinet in January cleared a proposal to constitute the 8th Pay Commission

Average Mudra loan size down in Kishore category, up in Shishu segment

Tarun segment also sees an increase in ticket size

Nabard, HSBC invest around Rs 80 crore for 10% equity stake in OPL

The funding will be used to drive innovation in digital ecosystems, according to a statement

Decline in yields triggers $4.5 billion debt issue from Indian companies

The sales include planned issues worth more than $2 billion on Tuesday, the end of the five-day run that will have included at least 15 companies tapping the bond market

Swap markets signal RBI could do more than just a 25-bp rate cut this week

The one-year OIS rate stands around 5.88%, its lowest level since May 2022, while the five-year rate is around 5.71%, its lowest since February 2022

Securitisation volumes jump 24% to hit new record of ₹2.35 trn in FY25

The jump in FY25 volumes was driven by large deals originated by private sector banks and also non-bank finance companies

Indian Rupee sees worst start in nearly 2 months; Opens 41 paise lower

The domestic currency weakened 41 paise to open at 85.65 against the greenback after closing at 85.24 on Friday