Browsing Category
Financial News
financial, currency, investment, banking, loans, trading news and updates
Fund raising via debt placement hits 6-year low at Rs 5.88 trn in FY22
Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 trillion owing to good performance of the equities and aggressive fund disbursal by banks at lower interest rate.…
What are on-device wallet for small UPI transactions?
Unified Payments Interface (UPI) has become one of the most preferred digital payment modes because of superior user experience and interoperability.
The National Payments Corporation of India, an umbrella body for retail payments…
Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others
Cryptocurrency payments startup MoonPay has raised $87 million from more than 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of non-fungible…
Debt quality index gains nearly three point to close FY22 at 92.24
Reflecting an improvement in corporate credit health, the CareEdge Debt Quality Index (CDQI) showed a notable rise in FY22, from 89.51 in March 2021 to 92.24 in March 2022. This was largely driven by upgrades in rated debt, enhancements in…
RBI says 22 NBFCs have surrendered their registration certificates
Reserve Bank of India on Monday said 22 NBFCs, including BNP Paribas India Finance, Swiss Leasing and Finance, and Available Finance, have surrendered their registration certificates.
The central bank has cancelled their Certificate of…
FM to meet PSBs’ heads on Apr 23 to nudge them for credit expansion
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on April 23 to review performance of the lenders and progress made by them on various schemes launched by the government for revival of the economy…
Low interest rate on home loans to boost housing sales, say realtors
Real estate developers on Friday hailed the RBI's decision to keep policy rates unchanged, saying the low interest rate regime will help in maintaining sales momentum in the residential sector.
Harsh Vardhan Patodia, president of realtors'…
Policy review pragmatic, indicates RBI’s concerns on inflation: Bankers
Bankers on Friday said the Reserve Bank's policy review signalling the withdrawal of accommodative measures as the focus shifts to inflation is "pragmatic", which reflects its concern on rising prices.
They also welcomed specific moves like…
Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv
The degree of anonymity in retail transactions undertaken through Central Bank Digital Currency (CBDC) will “most likely be the same as that prevails for cash, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said.
“The degree of…
NARCL: Procedural delays led to non-transfer of Rs 50k-cr NPAs by Mar 31
Non-performing assets worth Rs 50,000 crore could not be transferred to the National Asset Reconstruction Company Ltd (NARCL) by March 31 due to "procedural delays", a senior bank official said on Wednesday.
The transfer of these 15…