The Union Budget 2024-25 is more than just an economic blueprint; it's a vision for India's future. Post author By admin Post date January 30, 2024 Union Budget 2024-25: Towards a Resilient and Prosperous India The Union Budget for 2024-25 is set to be presented by Finance Minister Nirmala… 30 January 2024, • 2 mins read Tags Agricultural, budget, Economic growth, Fiscal Prudence, investment, MSME, RBI, Tax Relief, Union Budget
The main objective of the right issue is to raise funds for the business purposes. Post author By admin Post date January 29, 2024 Mangalam Industrial Finance Rights Issue 2024: Unlocking the Rights Issue in Detail Mangalam Industrial Finance Limited is coming up with its right issue which will open… 29 January 2024, • 3 mins read Tags BSE, equity shares, Mangalam Industrial, Mangalam Industrial Finance, NBFC, RBI, RIGHTS ISSUE, shares, stakeholder
This news can be very positive for the HDFC Bank long term investors and might also provide stability to its share price. Post author By admin Post date January 27, 2024 HDFC Bank: RBI Advised LIC to Raise Stake to 9.9% Stake in HDFC Bank India’s largest private sector lender HDFC Bank said on Thursday, January 25, 2024 that… 27 January 2024, • 2 mins read Tags Bank, Bank's derivatives, HDFC Bank, LIC, Life Insurance Corporation, RBI, SEBI, share, share price, stock price
Indel Money's primary clientele for its gold loans are individuals from rural and semi-urban locations. Post author By admin Post date January 18, 2024 Indel Money Limited NCD 2024 On Wednesday, Indel Money, a non-banking finance company specialising in gold loans, announced its… 18 January 2024, • 5 mins read Tags financial metrics, Financial Services, Indel Money, Indel Money Limited, NBFC, NCD, Non-Convertible Debentures, PAT, profit after tax, RBI
The RBI's guidelines also include directives for banks to conduct periodic reviews and special drives. Post author By admin Post date January 2, 2024 RBI Issues New Directives for Inoperative Accounts and Unclaimed Deposits Revisions to instructions to banks have been made by the Reserve Bank of India… 2 January 2024, • 2 mins read Tags banking system, Cooperative Banks, Inoperative Accounts, RBI, Regional Rural Banks, Unclaimed Deposits
Reserve Bank licenses authorised dealers, primarily banks dealing in foreign exchange, and full-fledged money changers. Post author By admin Post date December 27, 2023 RBI to Launch New Money Changer Category On Tuesday, the Reserve Bank of India unveiled its intention to create a new… 27 December 2023, • < 1 mins read Tags Dealers, FCS, FEMA, Forex Correspondent Scheme, Forex Correspondents, FxCs, money changers, RBI, Reserve Bank, Reserve Bank of India
Instances have been observed where regulated entities used AIFs to fund stressed loans, thus delaying their classification as non-performing assets (NPAs). Post author By admin Post date December 20, 2023 RBI Tightens Investment Norms for Lenders in Alternative Investment Funds The RBI has taken firm steps to combat the practice of renewing troubled loans.… 20 December 2023, • 2 mins read Tags AIFs, Alternative Investment Funds, financial, investment, Investment Funds, Investors, Loan, NPAs, RBI, REs, SEBI
The RBI reaffirmed its commitment to maintain a target inflation rate of 4%. Post author By admin Post date December 8, 2023 RBI’s Fifth Monetary Policy: Insights from Governor Shaktikanta Das Governor Shaktikanta Das led the Reserve Bank of India (RBI) in its recent monetary… 8 December 2023, • 2 mins read Tags Consumer Price Index, CPI, FY25, Governor Das, Monetary Policy, MSF, Q1FY25, RBI, Reserve Bank of India, SDF, Shaktikanta Das
The Reserve Bank of India projects a 5.4% inflation rate, as measured by the Consumer Price Index (CPI), for the current fiscal year. Post author By admin Post date December 8, 2023 RBI MPC Meet: Repo Rate Unchanged at 6.5% for 5th Time In its latest monetary policy review, the Reserve Bank of India (RBI) has once… 8 December 2023, • 2 mins read Tags Consumer Price Index, CPI, economic, MPC, RBI, Repo Rate, Reserve Bank of India, Shaktikanta Das
The impending RBI monetary policy announcement carries weighty expectations within various economic spheres. Post author By admin Post date December 7, 2023 RBI to Announce Fifth Monetary Policy of FY 2023-24 Tomorrow The RBI’s Governor, Shaktikanta Das, is set to reveal the fifth monetary policy for… 7 December 2023, • 2 mins read Tags FY24, GDP, Inflation, Interest Rates, Monetary Policy Committee, MPC, NBFCs, RBI, RBI's projections
LTFH anticipates improved governance, better utilisation of management resources, consolidated systems, enhanced controls, and reduced administrative costs. Post author By admin Post date December 5, 2023 L&T Finance Holdings Completes Merger of Its Subsidiaries to Create Unified Lending Entity L&T Finance Holdings Ltd (LTFH) has announced the successful consolidation of its following subsidiaries… 5 December 2023, • 2 mins read Tags Core Investment Company, LTFH, NBFC, NCLT, NSE, RBI, Reserve Bank of India, SEBI, Securities and Exchange Board of India
A key feature of this quarter's economic expansion is the prominent impact of government expenditure, which experienced a notable 12.4% rise year-over-year. Post author By admin Post date December 1, 2023 India’s Economy Soars in Q2: Surpassing Expectations and Leading Global Growth In the July-September quarter of the 2023-24 fiscal year, India’s economy demonstrated remarkable progress,… 1 December 2023, • 2 mins read Tags economic expansion, economy, GDP, GDP figures, GDP growth, government, India's Economy, Q2, RBI, Reserve Bank of India
The RBI's approval for SBI Mutual Fund to acquire a substantial stake in Karur Vysya Bank comes with stringent yet crucial conditions aimed at regulatory compliance. Post author By admin Post date November 30, 2023 RBI Permits SBI Mutual Fund to Acquire 10% Stake in Karur Vysya Bank In a significant move on November 29, the Reserve Bank of India (RBI) granted… 30 November 2023, • 2 mins read Tags BSE, Foreign Exchange Management, Karur Vysya Bank, MF, RBI, SBI, SBI MF, SBI Mutual Fund, shares, Voting Rights
Back on June 26, ICICI Bank disclosed its intention to review a proposal for the delisting of ICICI Securities, a subsidiary of the bank. Post author By admin Post date November 30, 2023 NSE and BSE’s Nod to ICICI Bank for Delisting ICICI Securities Formal Notification of Exchange Approval for Delisting ICICI Bank disclosed on November 29 that… 30 November 2023, • 2 mins read Tags delisting, Financial Performance, ICICI, ICICI Bank, ICICI Securities, Q2, Q2 FY24, RBI, Reserve Bank of India
Post the block deal, Paytm's shares hit a low of Rs 880 each, marking a significant intraday decline of 4.6%. Post author By admin Post date November 24, 2023 Paytm Faces 5% Stock Decline in Block Deal: Rs 1,441 Crore Worth Shares Exchanged Paytm, a leading digital payment platform, encountered a notable 5% decrease in its stock… 24 November 2023, • 2 mins read Tags MSCI, NBFCs, One97 Communications, Paytm, RBI, Reserve Bank of India, shares, Stakeholders, STOCK, TRADING
JFS is strategically positioning itself in the fintech sector by adopting a direct-to-consumer (D2C) approach. Post author By admin Post date November 22, 2023 Jio Financial Services seeks RBI nod for Core Investment Company Status Having successfully listed on stock exchanges in August post its carve-out from Reliance Industries… 22 November 2023, • 2 mins read Tags CIC, JFS, Jio Financial Services, PAT, Q2 FY24, RBI, Reliance, Reliance Industries Limited, RIL, stock exchanges
The RBI has also shed light on top-up loans extended against movable assets, particularly those subject to depreciation like vehicles. Post author By admin Post date November 17, 2023 RBI’s Stringent Measures to Curb Unsecured Lending Risks In response to growing concerns over the soaring levels of unsecured loans, particularly in… 17 November 2023, • 2 mins read Tags credit cards, financial stability, loans, NBFCs, RBI, RBI Governor, Risk Management, Shaktikanta Das, unsecured loans
This penalty, enforced under the provisions of the Banking Regulation Act 1949, aims to address deficiencies in regulatory compliance. Post author By admin Post date November 17, 2023 RBI Levies Rs 90.92 Lakh Fine on Axis Bank for Regulatory Non-Compliance The Reserve Bank of India (RBI) has levied a significant fine of Rs 90.92… 17 November 2023, • < 1 mins read Tags Axis Bank, Axis Bank Ltd, Banking Regulation, Inspection Report, ISE, KYC, Penalty, RBI, Reserve Bank of India, Risk Assessment Report
The RBI has stated that this restriction on the 'eCOM' and 'Insta EMI Card' products is subject to review. Post author By admin Post date November 16, 2023 RBI Directs Bajaj Finance to Halt lending under ‘eCom’ and ‘Insta EMI card’ Products The Reserve Bank of India (RBI) has issued a directive to Bajaj Finance, instructing… 16 November 2023, • < 1 mins read Tags Bajaj Finance, digital lending guidelines, digital lending platforms, digital loan sector, eCOM, Insta EMI, loans, NBFCs, RBI
ESAF is a Small Finance Bank that primarily focuses on extending loans to rural and semi-urban clientele. Post author By admin Post date October 26, 2023 ESAF Small Finance Bank Limited IPO: Things You Need to Know Apply Now The IPO date for ESAF Small Finance Bank is November 3, 2023… 26 October 2023, • 4 mins read Tags ESAF Small Finance Bank, financial, IPO, RBI, stock exchanges
The bank has given assurances that they will not face any disruption and can continue to enjoy uninterrupted services on the app. Post author By admin Post date October 11, 2023 Bank of Baroda Faces Restrictions on New Customer Onboarding through ‘BoB World’ App A Directive from the Top In a significant move, the Reserve Bank of India… 11 October 2023, • 2 mins read Tags ATMs, Bank of Baroda, BoB World'app, Net Banking, RBI, WhatsApp Banking
RBI initiated the PCA framework for these entities to bolster the supervisory tools at its disposal. Post author By admin Post date October 10, 2023 RBI’s Expansion of PCA Framework to Include Government-Owned NBFCs The Reserve Bank of India (RBI), in its recent announcement, highlighted the decision to… 10 October 2023, • < 1 mins read Tags financial system, IRFC, NBFCs, PCA, PFC, RBI, REC
RBI plans to initiate CoF token facilities at the issuing bank level, making token creation more straightforward for cardholders. Post author By admin Post date October 6, 2023 RBI Monetary Policy: Key Takeaways from Governor’s Address Under the leadership of Governor Shaktikanta Das, the Reserve Bank of India (RBI) presented… 6 October 2023, • 2 mins read Tags CPI, CRR, MSF, NBFCs, RBI, RBIMPC, Reserve Bank of India, Shaktikanta Das, UCB
The MPC, headed by Governor Shaktikanta Das, has, for the fourth time, opted not to adjust the benchmark repo rate. Post author By admin Post date October 6, 2023 RBI Keeps Repo Rate Unchanged At 6.5% For 4th Consecutive Time In a recent move by the Reserve Bank of India (RBI), the Monetary Policy… 6 October 2023, • 2 mins read Tags MPC, RBI, RBIGovernor, RBIPolicy, Repo Rate
RBI stood firm in its decision, ruling that the non-compliance on SBI's part was undeniable. Post author By admin Post date September 26, 2023 RBI Penalises Three Prominent State-Owned Banks The Reserve Bank of India (RBI), in a recent move, has levied penalties on… 26 September 2023, • 2 mins read Tags Indian Bank, Penalty, Punjab & Sind Bank, RBI, SBI
The central bank has advised HDFC AMC to acquire a stake in DCB Bank within one year from the approval date. Post author By admin Post date September 21, 2023 HDFC AMC Receives RBI Approval for 9.5% Stake Acquisition in Karur Vysya Bank and DCB Bank In a recent development, HDFC Asset Management Company (HDFC AMC) has received the green… 21 September 2023, • 2 mins read Tags DCB Bank, HDFC AMC, Karur Vysya, RBI, Reserve Bank of India
Post author By admin Post date September 9, 2023 RBI’s Phased Reduction of Incremental Cash Reserve Ratio: What You Need to Know The Reserve Bank of India (RBI) has unveiled a phased plan to lower the… 9 September 2023, • 2 mins read Tags Cash Reserve Ratio, CRR, GST, I-CRR, RBI, tax outflows
Certain industries like chemicals, food processing, and infrastructure have experienced a decline in credit growth. Post author By admin Post date September 1, 2023 Bank Credit Growth Adjusts to 14.8% in July 2023 In July 2023, bank credit growth experienced a slight decline, falling to 14.8% compared… 1 September 2023, • 2 mins read Tags agriculture and services, Bank, Bank Credit, CARE, Industries, RBI
A pattern RBI seems to follow over recent cycles, it has announced to keep the repo rate steady at 6.50%. Post author By admin Post date August 10, 2023 RBI’s Monetary Policy Committee Meeting: Maintains Repo Rate at 6.5% On Thursday, the Reserve Bank of India (RBI) held its Monetary Policy Committee (MPC)… 10 August 2023, • 2 mins read Tags Consumer Price Index, CPI, Inflation, Monetary Policy, MPC, RBI, Repo Rate
Credent Global Finance Limited has decided to raise funds by offering a Right issue of Rs 48.56 Crores from the company’s existing shareholders. Post author By admin Post date July 26, 2023 Credent Global Finance Limited Rights Issue Credent Global Finance Limited is a financial service firm based in London and Mumbai.… 26 July 2023, • 2 mins read Tags CGF, Credent Global Financial Limited, financial, NBFC, RBI