Finance News

Forex reserves at a 10-month high of $589 billion, shows RBI data RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement India’s forex reserves up $1.65 bn to $586.4 bn, shows RBI data RBI’s forex reserves rise for fifth straight week ...

Punjab & Sind Bank will improve underwriting standards: MD & CEO Saha Swarup Kumar Saha, managing director and chief executive officer of Punjab & Sind Bank, in an interview with Nikesh Singh says that the bank will improve its underwriting standards on the non-corporate side of the advances and will focus on garnering low-cost Current Account and Saving Account (CASA) ...

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Manappuram Finance faces reputational risk amid probe, says S&P Standard & Poor’s on Friday said Manappuram Finance (MFL) faces reputational risk over a money laundering investigation. The Directorate of Enforcement (ED) is probing Manappuram Agro Farms (MAGRO), a former sole proprietorship concern of V P Nandakumar (CEO and managing director of Manappuram Finance).  Pending further information, it ...

FinMin allows 22 finance cos to undertake Aadhaar-based client verification The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a notification, said these 22 companies, which are already reporting entities under the PMLA, will be able to verify the identity of clients and ...

India considering allowing foreign investment in nuclear power industry By Sarita Chaganti Singh India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms, two government sources told Reuters, as part of a push for cleaner energy.   The measures have been recommended by a government panel, ...

India’s forex reserves rise to a 10-month high of $588.78 billion RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement RBI’s forex reserves rise for fifth straight week to $564.07 billion MPC lowers projection for inflation, raises growth outlook a bit ...

Aurionpro Payments gets RBI approval to operate as payment aggregator RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 bps, FY23 ...

A snapshot of personal loan rates offered by various banks with details SBI personal banking loan book up Rs-5 trn mark, helped by digital push How have the home loan EMIs changed since RBI’s repo rate hike in May 2022? CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case Pakistan, IMF fail to reach common ground on ...

India’s financial inclusion journey can be example for other countries: UN India is at the vanguard of the digital revolution and its financial inclusion journey can be an example for other developing countries to look at, senior UN officials and economists have said. Speaking on Thursday at the India Roundtable on Financial Inclusion’, India’s Permanent Representative to the ...