Finance News

Sovereign green bonds can set standard for private fundraising: RBI’s Rao The pricing of the Centre’s sovereign green bond can act as a benchmark for private sector players’ fund raising through rupee bonds for ESG linkages, said Reserve Bank of India deputy governor M Rajeshwar Rao at the Business Standard BFSI Insight Summit. Finance minister ...

Irdai to introduce ‘Bima Vahaks’ to expand insurance force: Rakesh Joshi To enhance the insurance force in India, the Insurance Regulatory and Development Authority of India (IRDAI) will soon introduce “Bima Vahaks” in each gram panchayat, Rakesh Joshi, a member of the insurance regulatory body, said on Thursday. “Each Gram Panchayat will have a ‘Bima ...

Rupee rises by 10 paise against US dollar tracking early gains in equities The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets. Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee’s ...

NITI Aayog’s Panagariya cautions against cutting trade ties with China Amid demands for snapping trade ties with China for its transgressions on the border, former NITI Aayog Vice Chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India’s potential economic growth. Instead, Panagariya suggested that India should ...

Liability management now top priority for lenders: Private bank CEOs At a time when demand for loans far outstrips growth in deposits, banks must adopt much more aggressive strategies when it comes to handling their liabilities, top officials of several private lenders said at the Business Standard BFSI Insight Summit on Wednesday. “There is a ...

MPC members voice different views on interest rate and stance: RBI minutes The members of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) voiced different views on the interest rate and stance, with two of them indicating they may not vote for further rate increases even if Governor Shaktikanta Das and Deputy Governor Michael Patra ...

Rising cyberthreats a real concern, say fintech players at BFSI summit Financial institutions are 300 times more vulnerable to cyberattacks than any other industry and the cost of remediating a cyberattack is 40 per cent more than any other industry, said a recent study. It has been time and again proven that one of the main reasons ...

SFBs hope to give large private banks a run for their money: BFSI panelists Heads of small finance banks (SFBs) on Wednesday exuded confidence of strong growth on the back of product diversification, network expansion and lower costs. “When we started five years ago, we thought it would be a marathon but it has turned ...

Max Financial Services promoter offloads 1.7% stake for Rs 400 cr Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday offloaded 58.85 lakh shares in the company for Rs 400 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), ...

SIDBI identifies MFIs to provide enhanced support for micro-lending Small Industries Development Bank of India (Sidbi) has now gone back to its earlier avatar when it comes to microfinance institutions (MFIs). According to Sivasubramanian Ramann, chairman and managing director, the bank has started identifying finance companies to give them enhanced support for micro lending. Speaking ...