BUSINESS
RBI’s actions on Indian rupee, domestic liquidity are steps in right direction: CEA Nageswaran
These comments came when the central bank has been spending dollars heavily in the forex market to defend Indian rupee from falling sharply in the last few months.
BUSINESS
Rupee holding up better than South Korean Won, Brazilian Real despite pressures, notes Economic Survey
The survey added that one of the primary factors behind Rupee's depreciation in 2024 has been the broad-based strengthening of dollar, at a time of geopolitical tensions in the Middle East and uncertainty around the US election.
BUSINESS
India’s forex reserves sufficient to cover 90% of external debt
India’s foreign exchange reserves increased from $616.7 billion at the end of January 2024 to $704.9 billion in September before moderating to $634.6 billion as on January 3, 2025
BUSINESS
Investor confidence in bankruptcy resolution crucial for developing bond market: Economic Survey
If liquidity has to enter corporate bond markets, problems such as entry costs, information asymmetry and the absence of a secondary market must be addressed, the survey has said
BUSINESS
Economic Survey 2025: Raising FCNR deposit interest rate ceiling to help increase credit growth, attract foreign flows
The RBI in December announced an increase in the interest rate ceiling on FCNR- B deposits with maturities of 1 to 3 years and 3 to 5 years
BUSINESS
Economic Survey 2025 | FPIs invested Rs 62,431 crore in Indian bonds till November after JP Morgan index inclusion
On June 28, JP Morgan included 29 government securities under FAR in its emerging market index. India carries a 1 percent weight in the index, with planned incremental increases each month until March 2025
BUSINESS
Indian rupee least volatile currency among Asian, global peers in three months
The rupee has been on the depreciation path in the last few months due to various factors such as widening trade deficit, rising crude oil prices, and a surge in the dollar index after the US Federal Reserve hinted at fewer rate cuts in 2025.
BUSINESS
Bajaj Finance to focus on green finance, zero trust strategy, multi cloud platform
The company said they have made significant efforts on account aggregator and GenAI. Bajaj Finance will cross 30 million account aggregator consents by FY25, and it is currently implementing 29 GenAI use cases across 25 work streams, which will deliver an annual cost save of ₹ 150 crore in FY26 alone, presentation showed.
BUSINESS
MC Exclusive| Banks said to request RBI to defer implementation of LCR norms
Draft norms for management of liquidity by banks are due for finalisation by new RBI governor Sanjay Malhotra, and the original schedule called for them to take effect from April 1.
BUSINESS
South Indian Bank has sought RBI nod to restart co-branded credit cards, says CEO
Talking about slowing growth in personal loan, PR Seshadri tells Moneycontrol that South Indian Bank is being a little bit more cautious and making the offers more judiciously. Once the environment improves, the bank will be more aggressive
BUSINESS
Canara Bank lowers NIMs, CASA guidance for current financial year
Canara Bank expect 10-11 basis points impact on LCR after the implementation of new norms, K Satyanarayana Raju has said
BUSINESS
RBI’s liquidity measures increases February rate cut hopes
On January 27, the central bank announced steps to inject liquidity in the banking system, including a Rs 60,000 crore of OMO purchase in three tranches, and a variable rate repo auction next month.
BUSINESS
Canara Bank to launch Loan Against Mutual Funds from April 1, says CEO
Earlier today, the lender has reported a 12.25 percent increase in its standalone net profit to Rs 4,104.20 crore for the third quarter ended on December 31, 2024.
BUSINESS
Budget 2025: Government may announce Rs 14-15 lakh crore market borrowings via bonds
In July, 2024, Finance Minister Nirmala Sitharaman announced the gross borrowing target from the markets in 2024-25 of Rs 14.01 lakh crore to finance its fiscal deficit of 4.9 percent of the GDP.
BUSINESS
Jana SFB paves way for universal banking licence with accelerated provisions, says CEO
In the October-December quarter, Jana Small Finance Bank has made an accelerated provision of Rs 93 crore, higher than Rs 61 crore a quarter ago.
BUSINESS
Sharp rupee depreciation forces RBI to spend $77 billion from forex kitty
The Indian rupee has been on the depreciation path in the last few months due to various factors such as widening trade deficit, rising crude oil prices, a surge in the dollar index after the US Federal Reserve hinted at fewer rate cuts in 2025, India’s sluggish growth in Q2FY25, and foreign investor outflows from equities.
BUSINESS
Bank of Maharashtra pegs expected credit loss provisions at Rs 125-150 cr per quarter: Sources
The RBI, had in March 2020, rolled out regulatory guidelines for the implementation of Indian Accounting Standards (Ind AS) by non-banking financial companies (NBFCs)
BUSINESS
6.5-7% GDP growth, 100% credit-to-GDP ratio required to become $30 trillion economy: PNB CEO
India, with a GDP of roughly $3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany
BUSINESS
Loans worth Rs 38,000 crore disbursed on ULI platform
Thirty-six lenders, including various banks and NBFCs have been onboarded, the RBI said in a report
BUSINESS
Need another aggregator to protect financial institutions against fraud, says DFS secretary
In FY24, bank frauds went up 166 percent from the previous year to 36,075, RBI’s annual report has said
BUSINESS
Union Budget 2025: LIC MD expects tax incentives and subsidies to boost insurance penetration
On January 29, Moneycontrol reported that India’s insurance sector is expecting some key announcements in the Budget such as tax incentives for policyholders, reduction of goods and services tax (GST), and implementation of mandatory basic term life insurance coverage for formal employment
BUSINESS
Ex-IRDAI member calls for removal of GST on premiums to make it affordable
Instead of imposing restrictions on the bancassurance channel, there should be an internal assessment to ensure proper and seamless sales, which is fundamentally the role of the regulator, says Sathe
BUSINESS
Restrictions on bancassurance might not be a great step, says HDFC Life's Vibha Padalkar
Talks about the restrictions on bancassurance has surfaced after Finance Minister and IRDAI Chairman spoke about the banks selling insurance more than their core banking products.
BUSINESS
Will re-calibrate the rate of addition of branches, says HDFC Bank
Branch network on a quarterly basis has increased by 0.6 percent, and 13 percent on a yearly basis.
