Finance News

Banking crisis most infamous legacies of UPA government: White paper “Worse, even that high percentage of bad debts was an underestimate,” the paper said

RBI proposes alternate authentication framework, streamlining in AePS Measures to address frauds in the financial system

RBI MPC: Repo rate kept unchanged at 6.5% for sixth consecutive time RBI policy meet: The RBI MPC has also decided to keep its stance of ‘withdrawal of accommodation’ unchanged

RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank The RBI has cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank Basmathnagar, Maharashtra, as the lender, with its present financial position, would be unable to pay its present depositors in full. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra, has been requested to issue an order ...

UPI payments failing amid server outages; NPCI working with banks Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues, NPCI said in a statement

HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

Rupee appreciates 2 paise to 83.03 against US dollar in early trade The rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday supported by positive domestic equities. Moreover, the weakness of the American currency in the overseas market also aided sentiments. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar, ...

No decision to introduce plastic notes: MoS finance to Rajya Sabha Minister of State for Finance Pankaj Chaudhary on Tuesday said the government has taken no decision to introduce plastic notes. Efforts to enhance the durability and counterfeit resistance of the Indian banknotes is an ongoing process, he said in a written reply to the Rajya Sabha. As per the ...

RBI conducts two VRRR auctions in a single day for the first time The central bank will conduct another overnight VRRR auction of Rs 50,000 crore on Wednesday

Govt expects $1.8 billion in dividends from state-run banks in FY25 The government expects to receive at least Rs 15,000 crore ($1.8 billion) in dividends from state banks in 2024/25, up 8.7% or more from an expected Rs 13,800 crore in the current fiscal year