Finance News

NBFCs’ collection efficiency to remain strong even after rate hike: Icra A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for non-bank lenders. This is so primarily because of the collaterals given by borrowers and the priority they accord to ...

After initial losses, rupee settles flat at 82.54 against US dollar The rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and ...

SBI likely to sell Rs 10,000 crore of AT-1 bonds around February 20 State Bank of India, the country’s largest lender, is in talks to raise up to Rs 10,000 crore worth of capital through the sale of additional tier-1 (AT-1) bonds around February 20, sources said. The bonds, which are likely to receive a ...

Rupee eyes RBI policy decision, weighs US Federal Reserve’s comments By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday, with traders weighing comments from Federal Reserve Chair Jerome Powell and awaiting the Reserve Bank of India’s policy decision. The non-deliverable forwards indicate ...

RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5% On Wednesday, the Reserve Bank of India (RBI) governor Shaktikanta Das announced a repo rate hike of 25 basis points (bps), taking the key benchmark interest rate to 6.5 per cent. The MPC’s decision was split 4-2. This is the first rate hike ...

RBI to hike rates again on sticky inflation, Fed pressure, say analysts By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India is likely to raise interest rates once again in April as inflation pressures persist and the Federal Reserve continues to tighten, analysts said on Thursday, a day after the ...

Rupee falls 12 paise to 82.66 against dollar due to muted trend in equities The rupee depreciated 12 paise to 82.66 against the US dollar in early trade on Thursday, weighed down by sustained foreign fund outflows and a muted trend in domestic equities. Firm crude oil prices and a strong American currency further dented ...

Rupee likely to fall on hawkish Fed Reserve comments, higher oil prices By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline against the U.S. dollar on Thursday, weighed by hawkish comments from Federal Reserve officials and higher oil prices. The non-deliverable forwards indicated the rupee would open ...

Indian banking won’t be affected by individual case: Shaktikanta Das Indian banking is resilient and will not be “affected by an individual case”, said Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday, referring to lenders’ exposure to the Adani Group. Indian banks do not lend money on the basis of a company’s market ...

MeitY only wants apps not run by regulated firms removed: RBI Dy Governor The Reserve Bank of India (RBI) had not suggested banning any digital lending apps but had merely provided the government with a list of apps that RBI-regulated entities use for their lending activities, the central bank said on Wednesday. The clarification comes after the ...