Page 95 - Finance News

Trillionloans Fintech secures 'IND BBB+' rating from India Ratings

The non-banking financial company (NBFC) plans to leverage BharatPe's merchant network with a base of over 18 million customers

Govt discontinues gold monetisation scheme; banks may continue: FinMin

The Gold Monetisation Scheme was announced on September 15, 2015, with the objective to reduce country's reliance on the import of gold in the long run and mobilise gold held by households

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member

He is appointed for five years from the date of assumption of charge or until he attains the age of 62 years or until further orders, whichever is earlier

RBI's revised PSL norms: HDFC Bank, Federal Bank, IndusInd Bank to benefit

Augurs well for banks with relatively lower organic PSL generation

RBI hikes ATM withdrawal fees; higher charges from May 1 - check details

The revision in fees follows requests from white-label ATM operators, who sought higher withdrawal charges due to increasing operational costs affecting their business

Over 30k taxpayers declare foreign assets, income of Rs 30,300 crore: FM

A 'nudge' campaign was carried out by government in which taxpayers were nudged to voluntarily disclose their Foreign Income and Assets

Indian Rupee snaps nine-day rally, ends 17 paise lower at 85.77/$

The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data

FinMin, RBI officials to meet on Mar 26 to decide April-Sept borrowing plan

India's finance ministry and central bank officials will meet on Wednesday to decide the country's market borrowing plan for April and September

Rupee rises for 10th straight session; Opens 4 paise stronger at 85.59/$

The domestic currency opened 4 paise stronger at 85.59 against the greenback after closing at 85.63 on Monday

Govt seeks to drop 6% equalisation levy on online advertisements

Google, Meta, and X set to be among beneficiaries

e-RUPI voucher issuance surged in February; redemption in slow lane

Only a fraction of the cumulative issued e-RUPI vouchers were redeemed, the data show

Rupee hits near three-month high, erases almost all 2025 losses

The domestic currency was the best-performing currency among its Asian peers in the current month so far

Reserve Bank of India broadens scope of loans under priority sector norms

Enhances limits for housing loans

Ajay Seth, 1987-batch IAS officer, designated as new finance secretary

A 1987-batch Indian Administrative Service officer from the Karnataka cadre, Seth is also known for his role as the officer in charge of the finance track of the Group of 20 under India's presidency

Ajay Seth takes baton from Tuhin Kanta Pandey as new Finance Secretary

Ajay Seth, a 1987-batch Indian Administrative Service (IAS) officer from the Karnataka cadre, brings a wealth of experience to his new role

RBI's $10 billion forex swap sees over 2x demand, cut-off at Rs 5.86

Under the swap, the central bank will inject liquidity amounting to $10.04 billion equivalent of rupees into the banking system on Wednesday. The transaction will be reversed in three years

Indian Rupee ends 35 paise stronger; Logs best winning streak in 13 months

The domestic currency ended 35 paise stronger at 85.63 against the greenback after closing at 85.98 on Friday, according to Bloomberg data

Indian Rupee opens stronger at 85.94/$, gains for ninth straight session

The domestic currency opened 4 paise stronger at 85.94 against the greenback after closing at 85.98 on Friday

Business correspondents to undergo digital audit and fresh training

A working committee is likely to be formed to do the job, and will be headed by one of the managing directors of State Bank of India (SBI)

Banks set to make treasury gains in Q4 FY25 as bond yields soften

The yield on the 10-year benchmark government bond fell 8 basis points in the previous week - the steepest weekly decline in four months, since November 30, 2024 - to settle at 6.62 per cent