Finance News

Credit card outstanding rises 29.6% to reach record high level in Jan The credit card outstanding in January rose 29.6 per cent to reach an all-time high of Rs 1.87 lakh crore on back of increased digitisation and rising consumer confidence in the post-Covid period. As per the latest data of the Reserve Bank, the ...

Data of 600,000 HDFC Bank customers’ leaked on dark web, bank denies After reports surfaced that personal information of nearly 6 lakh customers of HDFC Bank was allegedly leaked on the Dark Web, the bank said on Tuesday there has been no data leak of its customers. According to Privacy Affairs website, the HDFC Bank ...

Number of women seeking business loans tripled in last 5 yrs: Cibil report The number of women seeking loans to build their own businesses tripled over the past five years, credit research firm TransUnion Cibil said in a report on Monday. The study added that the number of women borrowers grew at a compounded annual growth rate ...

A billion transactions a day can be processed through UPI: RBI governor The Unified Payments Interface (UPI), India’s flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission “Har Payment Digital”. The objective of the mission, ...

CPSE dividend crosses Rs 50,000 crore for second consecutive year The Centre has surpassed the Rs 50,000-crore mark in dividend receipts from central public sector enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC. In the revised estimates (RE), the Centre raised the dividend receipts from CPSEs to Rs 43,000 ...

Dividend from CPSEs crosses Rs 50,000-mark for second consecutive year The centre crosses the Rs 50,000 mark in dividend receipts from Central Public Sector Enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC Ltd. In revised estimates (RE), the Centre raised the dividend receipts from Central Public Sector Enterprises (CPSEs) ...

Rupee surrenders firm gains; traders cautious before Powell’s speech After strengthening sharply in early trade on Monday, the rupee surrendered most gains and closed steady against the US dollar as the Chinese yuan took a beating and some banks purchased the greenback likely on behalf of the Reserve Bank of India (RBI), dealers said. The ...

RBI launches mission to make every citizen a user of digital payment While digital payments have skyrocketed during the past few years, a significant portion of the population still does not use digital payments for day-to-day transactions. In order to bridge this gap, Reserve Bank of India (RBI) governor Shaktikanta Das on Monday launched a mission — ...

Rupee appreciates 24 paise to 81.73 against US dollar in early trade The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit ...

Rupee poised to extend rally on soft dollar index, positive risk mood The Indian rupee is expected to open higher versus the U.S. currency on Monday, building on last week’s rally, helped by the pullback in the dollar index and U.S. yields and an upbeat risk sentiment. The non-deliverable forwards indicate the rupee will open ...