Page 97 - Finance News

DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid

This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

RBI's net short position in forward swells to $77.5 bn: Monthly bulletin

Rupee's REER drops to 102.37 in February

US Fed holds interest rates steady amid projected growth slowdown

Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year

IndusInd bank raises additional Rs 2,750 crore via CDs, says CCIL data

On Monday, the lender had raised Rs 11,000 crore by issuing CDs across a range of maturities, with coupon rates varying between 7.80 per cent and 7.90 per cent

Parliamentary panel raises concern over dip in CASA ratio for banks

The standing committee also emphasised that by fostering a secure banking ecosystem and prioritising technological advancements

IndusInd Bank's liquidity adequate, capitalisation strong: Rating agencies

Losses in Q4FY25 unlikely to dent credit, liquidity profile; Tier-I impact estimated at 35 bps

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds

This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher

UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

He said that the UCBs must maintain high standards of customer service to build and retain trust

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

Urban co-op banks must be mindful of trust reposed by depositors: RBI Guv

RBI Governor Sanjay Malhotra advised the UCBs to ensure that they remain operationally resilient, including against IT and cyber-related risks

NPCI's international arm partners with Singapore firm to expand UPI

UPI services will be expanded to more than 12,000 merchants in Singapore

Indian Rupee strengthens by 13 paise, rises for sixth-straight day

The domestic currency ended 13 paise stronger at 86.44 against the greenback after closing at 86.57 on Tuesday

RBI 'passively' absorbing dollar inflows over past sessions, say traders

Inflows related to inter-company borrowings and repatriation of corporate profits are usual in March, the last month of the financial year

Rupee falls 10 paise to 86.66 against US dollar during early trade

Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in domestic equity markets

Indian Rupee snaps five-day gains, opens 8 paise weak as Dollar strengthens

The domestic currency opened 8 paise slower at 86.65 against the US Dollar

S&P upgrades ratings for Shriram Finance, Muthoot & Sammaan Capital

Regulatory oversight led to more financial stability for NBFCs

Income-Tax Bill expands scope of AMT, increasing tax burden on LLPs

Special treatment of LTCG is proposed to be removed

The rise and rise of customer complaints: Which states rank the highest?

According to the RBI data, during 2023-24, the Centralised Receipt and Processing Centre and Offices of Reserve Bank of India Ombudsman (ORBIOs) received 934,000 complaints

Rupee hits six-week high; RBI announces fresh OMO to ease liquidity crunch

The local currency strengthened by 23 paise to settle at 86.57 per dollar, against the previous close of 86.80 per dollar