Page 92 - Finance News

NPCI attributes fin year-end processing load for UPI transaction failures

In March, the UPI network recorded more than 591 million average daily transactions

RBI is architect of India's financial transformation: President Murmu

Central bank has ensured financial system's resilience in 'face of any adverse international trends'

RBI to work with govt for 'Goldilocks conditions', says Guv Sanjay Malhotra

The RBI shall continue to be supportive to manage excessive volatility without targeting any particular level or band of exchange rate, said Malhotra

Banks, financial institutions raise Rs 1.17 trillion via CDs in two weeks

This period saw IndusInd Bank aggressively tapping the CD market with its liquidity coverage ratio declining after its disclosure of discrepancies in its derivatives portfolio

IndusInd Bank fiasco prompts large state-run banks to tap CD market

Market sources indicated that the fiasco at IndusInd Bank may have prompted large state-owned banks to tap the CD market to raise funds for investing in IndusInd Bank's CDs

Ireda reports 27% rise in loan sanctions in FY25 to Rs 47,453 crore

Loan disbursements rose 20 per cent to Rs 30,168 crore from Rs 25,089 crore in 2023-24, as per the provisional data shared by the company

Arya.ag NBFC arm does Rs 2,000 crore commodity financing in FY25

"Most of the NBFCs working on our space do a commodity finance of around Rs 1000 crore maximum, but we are among the first to have reached this milestone," said Anand Chandra, co-promoter of Arya.ag

Chicken burger on EMIs? Buy now, pay later signals a global debt crisis

From Malaysia's chicken burgers on credit to the US' DoorDash EMIs, Buy Now, Pay Later is creeping into daily essentials, raising alarms over rising household debt and a worsening global cash crunch

New financial year set to bring key tax, pension, and MSME reforms

The new income tax slabs under the new tax regime have been modified to increase the basic exemption limit from ₹3 lakh to ₹4 lakh

Credit card spends at 7-month low in Feb amid stress in unsecured loans

Number of outstanding credit cards stood at 109.31 mn, up from 108.87 mn at the end of January

Companies raise record Rs 1.33 trn through QIPs in FY25 amid market boom

Corporate India has raised Rs 1,33,251 crore in FY25, marking an 87 per cent increase from Rs 71,306 crore garnered in FY24, according to data compiled by Prime Database

Shriram Finance targets to cross Rs 3 trillion in assets in FY26

Apart from the MSME financing, the focus would be on green financing including electric vehicles

Panel on non-financial regulatory reforms to begin work soon: Finance secy

Finance Minister Nirmala Sitharaman in her Budget speech last month had announced creation of a high-level committee for regulatory reforms for a review of all non-financial sector regulations

NBFCs should not take risk beyond their absorption capacity, says RBI

Swaminathan emphasises fair lending, recovery practices

Indian households' gold stash outweighs reserves with top 10 central banks

Currently, Indian household gold reserves stand at 25,000 tonnes

Rupee logs best monthly rise in 6 years on strong foreign inflows

Weakens 2.12 per cent in FY25 vs 1.47 per cent in previous financial year

RBI allows banks to charge customers Rs 23 per ATM transaction from May 1

Additionally, the RBI has said the ATM interchange fee will now be decided by the ATM network

Govt faces leadership gaps across key financial regulatory bodies

The applicant should have a minimum of two years of residual service as on the date of vacancy

Truhome Finance raises Rs 870 crore via ECB to fund affordable housing

Structured as a social loan, this facility underscores Truhome's commitment to financial inclusion and sustainable housing finance, it added

RBI raises liquidity limit for standalone primary dealers to Rs 15,000 cr

Reserve Bank of India has decided to increase the aggregate limit made available to the Standalone Primary Dealers