RBI MPC meet LIVE: Will RBI Guv Shaktikanta Das throw another surprise? Catch all the updates related to Reserve Bank of India’s Monetary Policy Committee meet

Banks to be open for only 5 days a week? Finance ministry receives IBA proposal [ad_1] Will banks be open for only 5 days soon? Numerous news sources state that the Indian Banks Association (IBA) has submitted a proposal to the Finance Ministry about the adoption of a five-day workweek, according to a Times of India (ToI) news report. Bhagwat ...

Kirloskar Group's NBFC aims to add Rs 800 crore to AUM by March 2024 Arka Fincap, a non-bank lender promoted by the Kirloskar Group, on Tuesday said it is aiming to add another Rs 800 crore to its Assets Under Management (AUM) by March 2024. The shadow bank, which announced its plans to raise up to Rs 300 crore from ...

Rupee appreciates 2 paise to 83.35 against US dollar in early trade The rupee appreciated 2 paise to 83.35 against the US dollar in early trade on Wednesday, amid a bullish trend in domestic equities and sustained foreign fund inflows. Forex traders said investors remained on the sidelines ahead of the Reserve Bank of India’s monetary policy decision later this ...

'Microfinance loan portfolio stands at Rs 3.76 trn at end of Q2FY24' Microfinance loan portfolio at the end of the second quarter of the current financial year stood at Rs 3.76 lakh crore, serving 7.1 crore borrowers, an industry body report said. According to the report prepared by Microfinance Institutions Network (MFIN), a self-regulatory body of the NBFC-MFIs, microloan disbursals ...

Vested expands alternative assets portfolio, adds P2P lending, bonds Vested offers a curated selection of listed corporate and govt bonds, with corporate bonds rated A and above, and government bonds backed by the govt, offering 9-12%

UPI transactions mark new peak of Rs 17.4 trn in Nov, dip in volume FASTag transactions increase to 321 mn in Nov, compared to 320 mn in Oct

Pensioners generate 11.5 million digital life certificates: Centre As many as 1.15 crore digital life certificates were generated by pensioners across the country during the recently concluded special campaign, an official statement issued on Friday said. Union Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh complimented the Department of Pension and Pensioners Welfare for the successful conclusion ...

RBI, Bank of England sign agreement to exchange information on CCIL The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE’s commitment to deference to other regulators’ regimes

Vivad se Vishwas: Govt settles over 43k MSME claims; refunds Rs 700 cr The government has settled 43,904 refund claims worth Rs 700 crore of MSMEs under the dispute resolution scheme Vivad se Vishwas-I. Under the scheme, MSMEs could claim a refund of 95 per cent of performance or bid security and liquidated damages forfeited by government departments and public ...