India bats for new disclosure norms for cross-border credit card transactions under FATF
Mutual evaluation report to be released September 18
We’re not getting into rate war, competition for deposits to continue: SBI Chairman
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 investments
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: PwC
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 Das
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 help
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%
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
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
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
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
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
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
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 quarter
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 approval
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 bonds
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
The attack has likely impacted 150-200 cooperative banks and RRBs.
Bank credit growth declines, gold loans rise 30.5%, credit card outstanding rises by Rs 51,000 cr
The growth in credit card outstanding, meanwhile, declined during the 12-month period.
11 PSU banks charge Rs 2,331 crore from account holders for not maintaining minimum balance in FY24
These banks collected Rs 5,614 crore from account holders for not maintaining the minimum balance in the last three years, according to Ministry of Finance figures.
Digitalisation can expose consumers to impulsive spending, data breaches: RBI report
In the Report on Currency and Finance (RCF) for 2023-24, released on Monday, the RBI said digitalisation-induced changes in the behaviour of consumers and financial intermediaries can have implications for monetary policy.
Split & pay taking off: Combine payment methods for seamless high-value bills
In this system, all that the customers need to do is a single swipe using the split & pay option on the digital payment checkout page.
Banks to give home loans even to non-salaried on digital payments history
The move would be beneficial for individuals applying for home loans whose creditworthiness is not easy to determine.
General insurers report lower growth in premium underwritten in first quarter
The industry's demand will be sustained by robust growth in the health segment as well as in the motor segment.
HDFC Bank’s Q1 net up 35%, interest income surges 26%
Net interest income (NII), which is interest earned less interest expended, grew by 26.4 per cent to Rs 29,840 crore in Q1 FY2025, as against Rs 23,600 crore in the same quarter of last fiscal.
Not thinking of giving banking license to business houses at present: RBI Governor Shaktikanta Das
The Governor, however, said that the RBI was open to receiving new applications for setting up universal banks.
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