Finance News

RBL Bank targets 20% loan growth over next two financial years: CEO “We are trying to get into areas which are futuristic … and have a better management of the capital,” R Subramaniakumar told Reuters in an interview

Govt, RBI actively working on CBDC to enable cross border payment: FM RBI has already rolled out a pilot in the retail version of CBDC or the e-rupee on December 1, 2022. The e-rupee is in the form of a digital token that represents legal tender

Commercial bank credit up 16.02% till January 12, shows RBI data Sequentially, it grew by 0.09 per cent over the previous fortnight ended December 29, 2023. The outstanding credit stood at Rs 154.04 trillion as of January 12, 2024, according to RBI data

Fund review: ICICI Pru Bluechip fund Fund review: ICICI Pru Bluechip fund

Bank credit expansion projected at 15% in FY24, 12% in FY25: ICRA Rating agency Icra on Wednesday revised upward its bank credit growth projection at 14.9-15.3 per cent this fiscal, but said the same will lose steam and grow at 12 per cent next fiscal. At 14.9-15.3 per cent, the system level credit expansion in absolute terms will be Rs ...

L&T Finance Q3 results: Net profit jumps 41% to Rs 640 crore, NII up 8% L&T Finance Holdings on Tuesday reported a 41 per cent jump in net profit to Rs 640 crore for the December quarter, driven by retail loan sales. The Mumbai-based Non-Banking Financial Company (NBFC) had earned a net profit of Rs 454 crore in the year-ago ...

RBI 'mute spectator', allowing banks to charge high interest rates: HC The Allahabad High Court has observed that the Reserve Bank of India has been a “mute spectator” while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator. The observation was made by a bench comprising Justices Mahesh Chandra Tripathi and Prashant Kumar ...

Benchmark 10-yr bond yields steady at 7.1% as traders await fresh cues India’s benchmark 10-year yield ended at 7.1751%, following its previous close at 7.1790%. India’s bond markets were shut on Monday and will be closed on Friday

Rupee depreciates 6 paise to 83.13 against US dollar in early trade The rupee depreciated 6 paise to 83.13 against the US dollar in the morning session, 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 foreign fund ...

Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital