Finance News

RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29 ‘Persistent non-compliance’ by company, says order barring it from credit transactions or top-ups in customer accounts

Ugro Capital raises Rs 250 crore in debt from Asian Development Bank MSME-focused non-banking lender Ugro Capital on Wednesday said it has raised Rs 250 crore in debt from the Asian Development Bank (ADB). The funding from the developmental lender through subscribing to its non-convertible debentures will be used for on-lending. The company had raised a similar amount of debt ...

Private sector banks' Casa deposits ratio see sharper drop than PSBs The overall Casa ratio of the Indian banking system declined to 40.1 per cent from 42.8 per cent during the same period

Rupee expected to weaken as odds of Fed rate cut in March diminish The rupee’s intraday range in the last four sessions has been just 2 to 6 paisa

RBI Deputy Governor urges for stringent governance standards in UCBs He added that it is essential for the director to understand the bank’s financial statements as it is important for laying down underwriting standards and assessing credit proposals

Chhattisgarh's Raipur Municipal Corporation plans to issue green bonds The RMC is seeking to raise Rs 200 crore. The proposal is in the final stages. And, a detailed project report has been prepared to utilise the funds raised from the bonds, an official said

Rupee depreciates 4 paise to 83.15 against US dollar in early trade The rupee depreciated 4 paise to 83.15 against the US dollar in the morning session on Monday, amid elevated crude oil prices and dollar demand from importers. Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities was negated by ...

How Canada's international student cap will impact India Over 41 per cent or 225,835 – of all permits were handed over to Indians in the year 2022. Additionally, around 300,000 Indian students went to Canada in 2023 alone.

India's banking system liquidity deficit hit record high, shows data The deficit widened to Rs 3.34 trillion ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed

Budget expectations: Income tax benefits, support to women entrepreneurs An increase in income tax exemption limits, support to women entrepreneurs, a long-term taxation policy and steps to boost consumption and savings are among the expectations of experts from the interim budget which will be presented by Union Finance Minister Nirmala Sitharaman on February 1 ahead of Lok Sabha elections. They ...