Page 96 - Finance News
Public sector banks' dividend rises 33% to Rs 27,830 crore in FY24
PSBs declared a dividend of Rs 27,830 crore to shareholders in 2023-24 as against Rs 20,964 crore in the previous fiscal
 "Public sector banks' dividend rises 33% to Rs 27,830 crore in FY24")
Benchmark bond yield at three-year low; rupee under 86 against US dollar
Foreign investors continued to pour money into government securities under the Fully Accessible Route (FAR), with net inflows reaching ₹8,560 crore this week
 "Benchmark bond yield at three-year low; rupee under 86 against US dollar")
Credit-deposit growth gap widens amid tight liquidity, shows RBI data
While credit expanded by Rs 1.38 trillion in the March 7 fortnight over the previous fortnight, deposits expanded by Rs 2.25 trillion
 "Credit-deposit growth gap widens amid tight liquidity, shows RBI data")
No tax demand after resolution plan approval, says Supreme Court
A corporate debtor, under IBC, is a company or LLP that owes a debt to any person. A successful resolution applicant is a person or entity whose resolution plan is approved by lenders and NCLT
 "No tax demand after resolution plan approval, says Supreme Court")
Forex kitty rises by $305 million to $654.271 billion, shows RBI data
In the previous reporting week, the overall reserves rose by $15.267 billion to $653.966 billion and registered the sharpest weekly rise in two years
 "Forex kitty rises by $305 million to $654.271 billion, shows RBI data")
Shapoorji Pallonji gets over $4 bn in investor commitments for debt sale
Altogether, the investors may bid for 50%-75% of the issue, the sources added, requesting anonymity as they are not authorised to speak to the media
 "Shapoorji Pallonji gets over $4 bn in investor commitments for debt sale")
Indian Rupee strengthens past 86/$, logs best week in over 2 years
The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday
 "Indian Rupee strengthens past 86/$, logs best week in over 2 years")
RBI likely to cancel next week's T-bill auction given large cash balance
Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks
 "RBI likely to cancel next week's T-bill auction given large cash balance")
Indian Rupee opens at 86.23/$, climbs to highest level in eight weeks
The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday
PFRDA issues regulations for implementation of Unified Pension Scheme
The enrolment and claim forms for all these categories of central government employees will be available online on the Protean CRA website from April 1, 2025
 "PFRDA issues regulations for implementation of Unified Pension Scheme")
Fresh formal hirings decline 3% in Jan, down for second straight month
In January last year, a total of 807,865 new subscribers had joined the Employees' Provident Fund (EPF)
 "Fresh formal hirings decline 3% in Jan, down for second straight month")
FPI single-day inflows into debt segment hit 1-year high: NSDL data
Moreover, total foreign portfolio investment in Indian government securities designated under the Fully Accessible Route (FAR) reached Rs. 2.96 trillion as of Thursday
 "FPI single-day inflows into debt segment hit 1-year high: NSDL data")
Online scams drain Rs 4,245 crore in just 10 months, shows govt data
67% increase witnessed from the Rs 2,537 crore recorded last year
 "Online scams drain Rs 4,245 crore in just 10 months, shows govt data")
Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh
The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh
 "Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh")
Bihar makes fresh demand for special status before 16th Finance Commission
This was disclosed by Arvind Pangariya, the renowned economist who is also the chairman of the commission, while interacting with the media after receiving the state government's memorandum
 "Bihar makes fresh demand for special status before 16th Finance Commission")
RRBs get five more years to amortise additional pension liabilities
RRBs were earlier permitted to amortise their liability on account of the Employee Pension Scheme 2018 over five years
 "RRBs get five more years to amortise additional pension liabilities")
RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19
As ED, Bhattacharyya will oversee the department of economic and policy research
 "RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19")
Indian rupee ends at 86.37/$, logs best winning streak in over nine months
The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday
Indranil Bhattacharyya appointed as new executive director of RBI
Prior to his promotion as ED, Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
 "Indranil Bhattacharyya appointed as new executive director of RBI")
Rupee rises 12 paise to 86.25 against US dollar in early trade today
Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets
 "Rupee rises 12 paise to 86.25 against US dollar in early trade today")