BANKING AND FINANCE NEWS - Page 2

Cost of borrowing very stressful, banks need to make interest rates affordable: FM

November 18, 2024 18:14 IST

Speaking at the annual business and economic conclave organised by SBI, the minister also asked banks to concentrate on their core function of giving loans.

Sebi, Securities and Exchange Board of India, scheme information document, asset management company, Indian express news, current affairs

Sebi proposes 30-day deadline for MF deployment of NFO proceedsSubscriber Only

October 31, 2024 01:51 IST

Specify timelines in NFO documents on fund deployment

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RBI buys 32.63 tonnes of gold in first half of FY25Subscriber Only

October 30, 2024 08:24 IST

According to the RBI, the value of its gold holdings has shot up to $ 65.74 billion as of September 2024 as against $ 52.67 billion in March 2024.

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As banks’ AI ‘scores’ surge, why the RBI is flagging concerns of systemic risksSubscriber Only

October 30, 2024 07:19 IST

Dovetailing artificial intelligence (AI) and machine learning (ML) tools progressively into core operations, India’s bank sector players are leveraging AI to improve customer experience, pare costs, manage risks and drive growth through chatbots such as ‘iPal’ and ‘ILA’.

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Expecting a Diwali bonus? 6 ways you can use it smartlySubscriber Only

October 25, 2024 13:13 IST

Diwali 2024 Special: Making smart choices about how to use your festive bonus can help you improve your financial well-being and enjoy the festive season while progressing toward your financial goals.

Credit growth for banks to slow to 12 per cent in FY25: ICRASubscriber Only

October 25, 2024 08:51 IST

For the NBFCs, the growth in assets under management (AUMs) is expected to slow down sharply to 16-18 per cent in FY2025 from 25 per cent in FY2024.

‘Excessive pricing’: RBI bars 4 NBFCs from giving loansSubscriber Only

October 18, 2024 10:42 IST

This action is based on material supervisory concerns observed in the pricing policy of these companies in terms of their Weighted Average Lending Rate and the interest spread charged over their cost of funds, which are found to be excessive and not in adherence with the regulations

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SEBI makes availability of sale proceeds to FPIs on settlement daySubscriber Only

October 17, 2024 08:34 IST

The step will make sale proceeds available to FPIs on the settlement day, resulting in efficiency gains of Rs 2,000 crore per annum, SEBI said.

Banks to report soft Q4 earnings due to weak credit growth, lower NIMSubscriber Only

October 14, 2024 07:57 IST

Fresh slippages in July-September 2024 quarter are expected to be stable sequentially.

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UPI Lite wallet limit hikedSubscriber Only

October 10, 2024 01:39 IST

UPI Lite functions without utilizing a remitter bank’s core banking systems in real-time, while providing adequate risk mitigation.

As Russia seeks to expand trade in rupee-rouble, RBI & SEBI remain warySubscriber Only

October 8, 2024 11:37 IST

While some of these issues were likely discussed during the recent visit of Prime Minister Narendra Modi to Russia, emails seeking comment from RBI and SEBI on the current status did not elicit a response.

Household ownership of equity surges to 21.5%Subscriber Only

October 4, 2024 07:15 IST

India’s equity market capitalization jumped more than 50 per cent year-on-year to Rs 441 lakh crore as of the quarter ended June 2024.

SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59 per cent. (File)

SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman

September 25, 2024 16:46 IST

As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1 per cent to record Rs 11.11 lakh crore for 2024-25.

UPI users against levying fee on transactions: SurveySubscriber Only

September 23, 2024 06:59 IST

As UPI transactions are growing, fintech industry players and banks have been pushing the government and regulators to permit a Merchant Discount Rate (MDR) on UPI transactions.

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RBI lifts curbs on IIFL FinanceSubscriber Only

September 20, 2024 08:10 IST

In an exchange filing, the company said, “the RBI's decision to lift restrictions is effective immediately and allows the company to resume sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations.”

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India bats for new disclosure norms for cross-border credit card transactions under FATFSubscriber Only

September 11, 2024 07:22 IST

Mutual evaluation report to be released September 18

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We’re not getting into rate war, competition for deposits to continue: SBI ChairmanSubscriber Only

August 31, 2024 04:49 IST

Banks have been witnessing a bigger growth in credit offtake and a sluggish growth in deposits of late.

Understand your cash flow by reviewing your income and expenses, and identify areas where you can save or invest more.

Entering your 40s? Here’s how to strategise your investmentsSubscriber Only

August 30, 2024 14:04 IST

Strategic investment planning at this stage should be aimed at reducing debt, increasing focus asset building, and maximising savings wherever possible. Let’s find out how you can go about doing that.

India’s digital transactions to treble in next 5 yrs: PwC

India’s digital transactions to treble in next 5 years: PwCSubscriber Only

August 29, 2024 02:26 IST

In terms of value of payment transactions, the market is expected to grow double, from Rs 265 trillion to Rs 593 trillion over the same period, the report said.

Focusing on making UPI, RuPay truly global: Das

Focusing on making UPI, RuPay truly global: Shaktikanta DasSubscriber Only

August 29, 2024 06:01 IST

Last year in February, UPI, the country’s real-time retail payment system, and its equivalent network in Singapore, PayNow, were integrated for enabling faster remittances between the citizens of the two countries at a highly competitive rate.

Grappling with increased home loan EMIs? Find out if balance transfer can helpSubscriber Only

August 22, 2024 18:06 IST

The recent interest rate hikes have made home loans more expensive, leading borrowers to explore ways to lower their debt burden.

NCLT okays ICICI Securities delisting, shares plunge 7.44%Subscriber Only

August 22, 2024 02:08 IST

Shares of ICICI Securities, which went public with an initial public offering (IPO) in April 2018, fell by 7.44 per cent to Rs 785.95 on the exchanges on Wednesday.

SBI raises MCLR by 10 bps across tenorsSubscriber Only

August 15, 2024 03:40 IST

The increase in MCLR by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 per cent.

RBI okays Tata Capital conversion to NBFC-ICCSubscriber Only

August 15, 2024 02:44 IST

This follows TCL's merger with Tata Cleantech Capital and Tata Capital Financial Services. The change signifies Tata Capital's transformation into an operating company, paving the way for its potential listing. Previously, it functioned as a holding company under the CIC structure.

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Hindenburg report: All disclosures and recusals have been diligently followed, say Sebi chief Madhabi, husbandSubscriber Only

August 12, 2024 07:43 IST

Adani group and 360 One WAM, the wealth and asset management company, have denied allegations made by Hindenburg Research on August 10.

Will go after other targets if no peace, says Trump as US strikes 3 nuclear sites in Iran

IndiaSeptember 25, 2025

President Donald Trump said that the United States military had struck three nuclear-related facilities in Iran, marking a dramatic escalation in the ongoing conflict and a direct American role in efforts to dismantle Tehran’s infrastructure. The strikes represent the most significant direct US military action against Iranian territory in years and come amid rising regional tensions.

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