Page 4 - Finance Sector

Adani Enterprises taps debt private placement after 2-year gap: Bankers

Adani Enterprises raised 10 billion rupees in July via a public issue of two-, three- and five-year bonds at coupons of 8.95%-9.30%

Beyond a bank's balance sheet: Customer service takes centre stage

Rankings based on redressal of customer complaints are finally making banks and insurance companies realise the importance of customers service

Statsguru: Small-size banking frauds soar, SBI worst-hit PSB in FY25

Card and internet banking frauds formed 56.5 per cent of all cases in FY25, after touching a peak of 80.6 per cent in FY24

Microfinance sector faces funding crunch, default fears amid scrutiny

The microfinance industry is in a bind as funding declines and fears of defaults swirl amid stricter regulatory scrutiny

NPS: You can choose 100% equity exposure based on risk appetite, timeline

Investors must educate themselves and become more financially savvy to optimise the benefits of greater choice

Warburg Pincus to invest ₹500 cr in Truhome Finance, says CEO Subramanian

He further mentioned that, aside from the fund infusion, the company has the "scale and figures" needed for an initial public offering

Govt takes first steps towards a domestic firm to take on global Big Four

Industry professionals welcome move, but point to onerous regulatory hurdles, such as a block against multi-disciplinary collaboration and advertising, that need to be tackled first

If you need a personal loan, what are the best rates available now?

A personal loan can be used for multiple things, but one must keep in mind that they come with a somewhat higher price tag

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers

No proposal to levy charges on UPI transactions, says RBI governor

RBI governor Sanjay Malhotra said UPI transactions will remain free, while the central bank tests an AI-driven fraud detection system to curb risks in digital payments

Deadline for opting for Unified Pension Scheme extended till November 30

The government has extended the deadline for employees, retirees and spouses of deceased retirees to opt into the Unified Pension Scheme till November 30, 2025

DFS, Meity secys among 3 external members of Payments Regulatory Board

The new Payments Regulatory Board, chaired by the RBI governor, will replace BPSS and include government nominees - the DFS secretary, Meity secretary and retired IAS officer Aruna Sundararajan

RBI retains call rate as policy anchor in revised liquidity framework

Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China

India to sell new 10-year government bond on October 3 to raise $3.6 bn

The current benchmark 6.33 per cent 2035 bond has an outstanding of 1.8 trillion rupees

PayNearby plans to raise funds via IPO in FY27, says CEO Anand Kumar Bajaj

"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said

US Banks to lean on India hubs as Trump imposes $100,000 visa fees

US lenders including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the biggest employers of India's so-called global capability centers

XIME launches Bloomberg Lab to train students in practical finance skills

XIME has launched its Bloomberg Xperiential Lab, offering students hands-on training, live market access, and globally recognised certifications to boost finance career readiness

Nabfid must now focus on urban local bodies, says DFS secy M Nagaraju

Addressing NaBFID's infrastructure conclave, Nagaraju said the institution should work on new instruments at scale so that banks can rebalance their portfolios every three to five years

If you are buying a home, check out the best home loan rates available

With home loan interest rates likely to remain stable in the near future, here are the various options available from lenders across the public and private sectors

GST cut to save discoms ₹3,000 crore annually on power costs: MNRE

MNRE said reducing GST on renewable devices to 5% from 12% will save discoms Rs 2,000-3,000 crore annually, lower solar project costs and boost clean energy investment