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WDRA, PNB ink MoU to for finance against negotiable warehouse receipt Warehousing Development Regulatory Authority (WDRA) has signed an MoU with PNB to facilitate loans to farmers and traders against negotiable warehouse receipts. According to an official statement, the Memorandum of Understanding (MoU) was exchanged in the presence of T K Manoj Kumar, Chairperson, WDRA; ...

Microfinance loan disbursal rise 19% to Rs 77,877 cr in Q3: MFIN Micrometer Loan disbursals by microfinance companies increased 19 per cent to Rs 77,877 crore during December quarter 2022-23, said the MFIN Micrometer. The total microfinance loan portfolio increased to Rs 3.21 lakh crore as on December 31, 2022, the report said. “Microfinance ...

Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows. Traders said positive sentiments in the domestic equity ...

Rupee falls 10 paise to 82.75 against US dollar on foreign outflows The rupee depreciated by 10 paise to 82.75 against the US dollar in early trade on Thursday amid negative trends in the domestic as well as global equity markets and continued outflow of foreign funds. At the interbank foreign exchange, the domestic unit ...

Softer impact of Credit Suisse crisis likely on Indian banks: Jefferies India’s banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender’s relatively small presence in the country, equity analysts at Jefferies said on Thursday. Credit Suisse has a 1.5% share among foreign banks’ assets in India ...

Anup Bagchi to take over as MD & CEO of ICICI Pru Life Insurance in June Private sector life insurer ICICI Prudential Life Insurance will see a change of guard as N S Kannan, the current managing director (MD) & chief executive officer (CEO), will superannuate from his services after the completion of his term in June ...

Credit Suisse more relevant to Indian banking sector than SVB: Jefferies The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking sector than the collapse of Silicon Valley Bank, according to Jefferies India. “Given the relevance of Credit Suisse to India’s banking sector, we see softer adjustments in ...

Aadhaar update: UIDAI makes online document update in Aadhaar free of cost [ad_1] In a step that puts the needs of the people first and would help millions of Indians, the Unique Identification Authority of India (UIDAI) has decided to make it free for residents to update documents in their Aadhaar online, according to the PIB press release. Duration of ...

Banks from 18 countries get RBI’s nod to trade in rupee: Centre in RS The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees, the government said. Speaking in Rajya Sabha, Union Minister of State for Finance Bhagwat Kishanrao Karad said that 60 ...

Central Banking publication names Shaktikanta Das governor of the year Reserve Bank of India’s Shaktikanta Das has been awarded the title of Governor of the Year by financial publisher ‘Central Banking’, which lauded him for critical reforms and overseeing payments innovation. “…Das has defended reform progress and driven it further himself. He shepherded the bankruptcy ...