Finance News

Need to move towards data-based lending: Financial Services Secretary Financial Services Secretary Vivek Joshi on Friday outlined the vision for 2047 and said financial institutions must move towards data-based lending, instead of judgement-based lending, in the medium-term. He said global Indian banks with a footprint across continents hold immense significance for Indian prowess and international influence as these serve as ...

PM Modi asks investors to explore limitless potential of Uttarakhand Prime Minister Narendra Modi on Friday asked investors to explore Uttarakhand’s limitless potential in various sectors and convert them into opportunities. He was addressing a gathering after inaugurating the Uttarakhand Global Investors Summit at the Forest Research Institute here. Uttarakhand is a combination of divinity and development, the Prime Minister ...

RBI MPC meet LIVE: Will RBI Guv Shaktikanta Das throw another surprise? Catch all the updates related to Reserve Bank of India’s Monetary Policy Committee meet

Kirloskar Group's NBFC aims to add Rs 800 crore to AUM by March 2024 Arka Fincap, a non-bank lender promoted by the Kirloskar Group, on Tuesday said it is aiming to add another Rs 800 crore to its Assets Under Management (AUM) by March 2024. The shadow bank, which announced its plans to raise up to Rs 300 crore from ...

Rupee appreciates 2 paise to 83.35 against US dollar in early trade The rupee appreciated 2 paise to 83.35 against the US dollar in early trade on Wednesday, amid a bullish trend in domestic equities and sustained foreign fund inflows. Forex traders said investors remained on the sidelines ahead of the Reserve Bank of India’s monetary policy decision later this ...

'Microfinance loan portfolio stands at Rs 3.76 trn at end of Q2FY24' Microfinance loan portfolio at the end of the second quarter of the current financial year stood at Rs 3.76 lakh crore, serving 7.1 crore borrowers, an industry body report said. According to the report prepared by Microfinance Institutions Network (MFIN), a self-regulatory body of the NBFC-MFIs, microloan disbursals ...

Vested expands alternative assets portfolio, adds P2P lending, bonds Vested offers a curated selection of listed corporate and govt bonds, with corporate bonds rated A and above, and government bonds backed by the govt, offering 9-12%

UPI transactions mark new peak of Rs 17.4 trn in Nov, dip in volume FASTag transactions increase to 321 mn in Nov, compared to 320 mn in Oct

Pensioners generate 11.5 million digital life certificates: Centre As many as 1.15 crore digital life certificates were generated by pensioners across the country during the recently concluded special campaign, an official statement issued on Friday said. Union Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh complimented the Department of Pension and Pensioners Welfare for the successful conclusion ...

RBI, Bank of England sign agreement to exchange information on CCIL The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE’s commitment to deference to other regulators’ regimes