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BANKING AND FINANCE NEWS - Page 3
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.
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 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.
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.”
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
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.
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 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: 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 tenors
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-ICC
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.
Hindenburg report: All disclosures and recusals have been diligently followed, say Sebi chief Madhabi, husband
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.
Merger has strengthened HDFC Bank’s pathways for future growth: Chairman Atanu Chakraborty
August 10, 2024 04:42 IST
HDFC director Atanu Chakraborty praised the recently announced Union Budget and said that it has laid the pathway for the country’s future growth.
Transaction limit for tax payments via UPI hiked from Rs 1 lakh to Rs 5 lakh
August 9, 2024 05:01 IST
The move will further ease tax payments by consumers through UPI, which has become the most preferred mode of digital payments.
FinMin asks insurers to speedily disburse claims for Wayanad victims
August 4, 2024 05:42 IST
Over 350 people died and nearly 200 others are still missing in the major landslide that occurred on July 30. Properties worth hundreds of crores were destroyed in the landslide.
SBI’s net profit rises marginally in first quarterSubscriber Only
August 4, 2024 04:17 IST
In absolute terms, gross NPAs were Rs 84,226.04 crore as of June 30, down from Rs 84,276.33 crore as of March 2024 and Rs 91,327.84 crore in June 2023.
Sebi looking to demystify IPO filing process for faster approvalSubscriber Only
August 3, 2024 05:45 IST
The capital markets regulator is also bringing in an innovative product which would be a combination of rights issue and preferential allotment of shares, she said.
Govt, RBI turn cautious over unrestricted foreign fund flows into longer term bondsSubscriber Only
August 3, 2024 12:18 IST
As the inclusion of Indian bonds will be staggered into the GBI-EM Global Diversified Index (GBI-EM GD) over 10 months (starting June 28, 2024, through March 31, 2025), official sources don’t rule out more FPI flow into Indian long-term bonds through FAR.
Ransomware attack disrupts at least 150-200 cooperative banks, RRBs
August 1, 2024 07:36 IST
The attack has likely impacted 150-200 cooperative banks and RRBs.
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