IGI Logo
Toggle Navigation
News
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Compare Scheme
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
More
Budget 2024
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Astrology
Beyond Market Car
Beyond Market Entertainment
Beyond Market Fashion
Beyond Market Gadgets
Beyond Market Health
Beyond Market India
Beyond Market Life Style
Beyond Market Sports
Broking Firm Views
Broking Firm Views - Long Term Report
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Budget 2024 Sector Reports
Budget Bites
Budget Economic Servey
Budget Expert Views
Budget Industry
Budget News
Budget Wishlist
Commodities
Commodities Reports
Commodity Top News
Company News
Company Result
Currency News
Currency Report
Currency Top News
Diwali Expert Views
Diwali Market Outlook
Diwali Report
Diwali Technical Report
Economy News
Expert View Institution
Expert Views
Industry News
IPO Analysis
IPO More News
IPO Reports
IPO Top News
Market Outlook
Mutual Fund Analysis
Mutual Fund Expert Views
Mutual Fund More News
Mutual Fund Top News
Podcast - Market Ki Awaaz
Special Event Expert Views
Special Event Reports
Startup
Startup Expections
Startup Speak
Stock Market
Stock On The Move
Top News
Top Stories
Videos
Videos Business
Videos Entertainment
Videos Global News
Videos Lifestyle And Fashion
Videos News And Politics
Videos Sports
Wealth
Women
World Market More News
World Top News
Search
The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election. The rupee closed little changed at 84.3750 against the dollar, after declining to 84.38 late in the session, eclipsing its previous all-time low of 84.3775 hit on Thursday. State-run banks were spotted offering dollars through much of Friday, most likely on b...
Rupee weakens to record low, logs worst week in five months
Indian lenders are bracing for another wave of defaults in their microfinance portfolios in the second half of the fiscal year after the banking regulator recently further tightened rules for such loans, four bankers said. The default rates in microfinance loans -- collateral-free loans to those with annual income of up to 300,000 rupees ($3,556) -- had already jumped, as evidenced in the July-September results of IndusInd Bank, Kotak Mahindra Bank, RBL Bank and Bandhan Bank. The ...
Indian banks` microfinance loan stress to persist after new, informal regulation, bankers say
The US Fed’s second consecutive rate cut this year of 25 basis points should be bullish for emerging markets like India, market experts said on Friday. It wasn't a surprise when the US Fed cut interest rates by 25 basis points (bps) to 4.75 per cent and given the US macro indicators, the rate cuts now are rather pre-emptive. “India, on the other hand, is facing sticky food inflation but also lower growth possibilities. The RBI is facing the trilemma between growth,...
US Fed`s 2nd consecutive rate cut a booster for emerging markets like India
The Indian rupee was little changed near a record low on Friday, as likely intervention by the central bank countered the impact of outflows from local stocks. The rupee was at 84.37 as of 11:40 a.m. IST, just shy of its all-time low of 84.3775 hit in the previous session. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India, near 84.37-84.3750 levels, traders said. While the dollar index has given up a large part of the gains spurred by R...
Rupee flat as cenbank intervention helps offset equity outflows pressure
India's central bank continues to be in talks with the European Securities and Markets Authority (ESMA) but views the latter's proposal for supervisory and auditing powers over domestic clearing corporations as "extra jurisdictional", an official said on Thursday. "We have taken a very consistent stand that ESMA is being extra jurisdictional in telling us how we should do regulation," Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar said at an event. ...
India cenbank sees European proposal for oversight of clearing corp as 'extra jurisdictional', official says
The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months. The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday. Trump's policies of tax cuts and deregulation are likely to lift U.S. growth, prompting investors to prefer the dollar to the other currencies, analysts said, adding that the threat of tariffs is likely to undermine euro and...
Indian rupee drops to all-time low on bullish dollar outlook
The Indian rupee was pinned near its record low on Monday, amid weakness in most Asian currencies, with dollar sales from state-run banks helping the South Asian currency avert a decline. The rupee was at 83.6525 against the U.S. dollar as of 09:40 a.m. IST, nearly unchanged from its previous close at 83.6625 in the previous session. The rupee had hit its all-time low of 83.6660 on June 20. Asian currencies were mostly weaker, with the Thai baht down 0.5% and leading losses, while the o...
Rupee holds just above all-time low as state-run banks' dollar sales support
The Indian rupee may drop to a lifetime low on Friday, pressured by renewed weakness in Asian peers and expectations that dollar payments will persist. Non-deliverable forwards indicate the rupee will open at 83.67-83.68 to the U.S. dollar, inching past the all-time low of 83.6650 hit in June and slightly weaker than 83.65 in the previous session. The currency has largely struggled in recent days amid dollar demand for defence and oil payments, according to traders. Weakness has been pe...
All-time low possible amid dollar payments, decline in Asian peers
India's natural rate of interest has moved higher in the post-pandemic era and is expected to edge up further, driven by the growth of potential output, the Reserve Bank of India said in its monthly bulletin released on Thursday. The natural rate of interest is associated with an economy operating at full capacity without generating inflationary pressures, the central bank explained. The estimate of the natural rate is at 1.4-1.9% for the fourth quarter of 2023-24, the central bank ...
India`s natural rate of interest now at 1.4%-1.9%, says Central Bank
Leading industry chamber FICCI on Thursday projected an annual median GDP growth forecast for the year 2024-25 at 7 per cent, adding that Union Budget 2024-25 should focus on taxation reforms, employment generation, innovation and sustainable development. According to the FICCI's 'Economic Outlook Survey' results, median GDP growth is estimated at 6.8 per cent and 7.2 per cent in Q1 2024-25 and Q2 2024-25, respectively. The survey put the median growth forecast for agr...
GDP to grow at 7 pc for FY25, budget to focus on taxation reforms, new jobs: FICCI report
Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has flagged concerns over quality of disclosures made by some NBFCs and urged the auditing community to ensure that entities provide appropriate qualitative information to depositors as well as other stakeholders. The statutory auditors play a significant role in maintaining stakeholder confidence in audited financial statements and this is particularly important in the case of banking industry where the entire edifice is built on &l...
RBI Deputy Governor flags concerns over quality of disclosures made by some NBFCs
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal business operations. Paytm Payment Services is one of the biggest remaining parts of the fintech ...
Exclusive-India`s Paytm gets government panel nod to invest in payments arm, sources say
As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India. The total number of people employed in the country rose from 596.7 million in 2022-23 to 643.3 million in the financial year ended on March 31, 2024. While an average of 20 million jobs was created between 2017-18 and 2021-22, the number more than doubled during 2023-24, the data shows. The RBI’s KLEMS database covers five key i...
Number of new jobs more than doubles to 46.6 million in 2023-24: RBI data
Punjab National Bank is currently trading at Rs. 122.70, down by 0.05 points or 0.04% from its previous closing of Rs. 122.75 on the BSE. The scrip opened at Rs. 122.70 and has touched a high and low of Rs. 123.40 and Rs. 122.10 respectively. So far 289531 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 57.56 on 07-Jul-2023. Last one week high and low of the scrip s...
Punjab National Bank trades in red after RBI imposes monetary penalty of Rs 1.31 crore
Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test. Metaphorically speaking at the 7th JITO Incubation and Innovation Fund (JIIF) Foundation Day, Sharma said, "As a founder, my company is like my daughter...as a company, we were getting mature...it is just as if a daughter who is a school topper has met with an accident on way to an entrance test...that is the kind ...
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma
The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its tight grip on the currency's movements, according to a Reuters poll. While most emerging market currencies fared badly against the dollar in the past two years, the rupee has stayed remarkably stable due to the RBI's nearly $650 billion forex reserves which it has deployed regularly to curb volatility. The currency's...
Rupee to trade in narrowest range in about 30 years on RBI`s actions
The Reserve Bank of India (RBI) on Tuesday came out with new draft regulations and directions to liberalise the rules covering foreign trade transactions to promote the ease of doing business, especially for small exporters and importers. The new regulations are also intended to empower Authorised Dealer banks to provide quicker and more efficient service to their foreign exchange customers. The RBI said the decision to rationalise regulations that cover export and import transact...
RBI rolls out new draft regulations to ease export & import deals
The Unified Payments Interface (UPI)-based transactions reached 13.89 billion in June, surging 49 per cent on a year-on-year (YoY) basis, data by the National Payments Corporation of India (NPCI) showed on Monday. The transaction volume in June stood at Rs 20.07 lakh crore, 1.9 per cent lower than Rs 20.45 lakh crore in May. On a YoY basis, the transaction volume surged 36 per cent. The average daily transaction amount reached Rs 66,903 crore while the average daily transaction...
UPI transactions surge 49 per cent YoY at 13.89 billion in June
The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the Rs.2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced, have now been returned. The total value of Rs.2000 banknotes in circulation has declined to Rs.7581 crore at the close of business on June 28, 2024, from Rs.3.56 lakh crore at the close of business on May 19, 2023, according to the RBI’s latest update. The facility for the exchange of the Rs.2000 banknotes has...
97.87 pc of Rs.2000 banknotes have now been returned: RBI
Reserve Bank of India (RBI) on Monday announced that it has now joined Project Nexus with the four ASEAN countries to create a platform to facilitate instantaneous cross-border retail payments. Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand. These four countries and India would be the f...
RBI inks pact to link UPI with 4 ASEAN countries for instant cross-border retail payments
India's manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC's final India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, released on Monday. “The Indian manufacturing sector ended the June quarter on a stronger footing. The headline manufacturing PMI rose by 0.8 percentage points to 58.3 in June, supported by increased new orders and ...
India`s manufacturing activity surges in June, hiring at 19-year high
The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor Shaktikanta Das said on Friday. In his address at the inauguration of the RBI’s 18th Statistical Day Conference here, Das said: “The focus now is naturally on enhancing capacity in AI and ML techniques and analysing unstructured textual data. Whil...
RBI is using AI for real-time data analysis: Shaktikanta Das
RBI Governor Shaktikanta Das on Friday sent a clear message to banks and NBFCs against charging extra fees and high interest rates on loans to customers. “In general, we have observed that guidelines on Key Facts Statement are followed, but a few banks and NBFCs still charge fees, etc. that are not specified or disclosed in the statement,” Das said at a press conference after the monetary policy committee meeting. “It has also been observed in some micro-...
RBI Governor warns banks, NBFCs over slapping extra fees on customers
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move as robust economic growth continues to provide space to focus on bringing down inflation towards its medium-term target of 4%. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for an eighth straight policy meeting. COMMENTARY: RADHIKA RAO, SENIOR ECONOMIST, DBS BANK, SINGAPORE "The mix of str...
Instant view: India cenbank holds rates as widely expected
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move as robust economic growth continues to provide space to focus on bringing down inflation towards its medium-term target of 4%. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for an eighth straight policy meeting. Four out of six MPC members voted in favour of the repo rate decision, Governor Shaktikan...
India central bank holds rates as expected to further tame prices
The Reserve Bank of India’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 per cent for the eight consecutive time. This is the first time the MPC met after the results of the Lok Sabha election were declared. The monetary policy stance continues to be ‘withdrawal of accommodation’. RBI Governor Shaktikanta Das said that the headline inflation continues to be in a disinflation trajectory. The RBI MPC also kept the SDF unchanged at 6.25 per cent, and ...
Just In: RBI`s MPC keeps repo rate unchanged at 6.5% for eight consecutive time
The narrower margin of victory for Indian Prime Minister Narendra Modi's alliance in elections will forestall reforms that could have potentially facilitated aggressive fiscal consolidation, an analyst at Moody's Ratings said on Wednesday. Modi's Bharatiya Janata Party (BJP) won 240 seats on its own, 32 short of the halfway mark in the 543-member decision-making lower house, with the National Democratic Alliance (NDA) which it leads securing a total 293 seats. "It looks...
Narendra Modi`s smaller mandate to slow India`s fiscal tightening, Moody's says
Growth in India's services activity growth slowed to a five-month low in May as robust domestic demand weakened, according to a survey, which also showed exports growing at a record pace and job creation rising to a 21-month high. The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4. However, it remained above the 50 mark separating growth from con...
India's May services growth cools to five-month low, PMI shows
The Indian rupee is expected to open little changed and hold a narrow range on Wednesday amid dollar strength and a central bank that is likely to intervene. Non-deliverable forwards indicate the rupee will open barely changed from its close of 83.5075 in the previous session. The rupee spend a large part of Tuesday's session near 83.50 on likely dollar selling by the Reserve Bank of India. "Today should be very similar to yesterday, with the action centred around 83.50,&quo...
Rupee to cling to 83.50/USD amid resurgent dollar, central bank support
The Indian rupee is likely to track a pullback in the odds of a June rate cut by the U.S. Federal Reserve and, along with government bonds, will gauge elevated crude oil prices and local and U.S. inflation data over a holiday-truncated trading week. The currency and debt markets will remain shut on Tuesday and Thursday for local holidays. The rupee closed at 83.2950 against the U.S. dollar on Friday and notched a weekly gain of 0.1%, recovering from a record low of 83.4550 hit on Thursd...
Indian rupee, government bonds to track inflation prints
The RBI on Thursday issued an omnibus framework for recognising self-regulatory organisations (SROs) for its regulated entities such as banks, NBFCs and housing finance companies. The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria and governance standards, which will be common for all SROs, irrespective of the sector. The framework also lays down the broad membership criteria and other terms and conditions to be followed by the SROs for grant of r...
RBI issues new rules for self-regulatory organisations of banks, NBFCs
Price pressures in India are ebbing but temporary spikes in food prices are curtailing a swifter fall in headline inflation towards the central bank's 4% target, the Reserve Bank of India (RBI) said in its March bulletin released on Tuesday. "Inflation is on the ebb; the steady decline in core inflation would have taken down headline inflation towards the target of 4% even sooner and faster, but for the repetitive incidence of short amplitude food price pressures," the RBI sa...
Stubbornly high food prices slowing drop in India`s inflation to 4%, Central Bank says
India's outward foreign direct investment (FDI) commitments rose by 7.8 per cent to $3.05 billion year-on-year in February 2024, compared to $2.83 billion in February 2023, according to the latest data released by the RBI on Monday. However, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024, the figures showed. Outbound FDI, expressed as a financial commitment, comprises three components -- equity, loans, and guarantees. The equity commitments de...
India's outward FDI rises to $3.05 billion in February
In a bid to maintain seamless merchant settlements as before, financial services company Paytm has announced to shift its nodal account to Axis Bank, which was previously used with the Paytm Payments Bank Ltd (PPBL). In a regulatory filing with the stock exchanges, the company said the new arrangement has been executed by opening an escrow account with Axis bank to ensure merchant settlements continue without any hassle. The move came as the Reserve Bank of India (RBI) instructed ...
Paytm shifts nodal account to Axis Bank: What does this mean?
The Reserve Bank of India (RBI) on Friday issued a list of frequently asked questions (FAQs) for the convenience of the customers of Paytm Payments Bank and the general public at large to explain how the business restrictions that have been placed on the bank will work in practice. These are: Bank Accounts with Paytm Payments Bank * I have a savings or current account with Paytm Payments Bank. Can I continue to withdraw money from this account after March 15, 2024? Can I continue to ...
RBI FAQs for Paytm Payments Bank customers -- All you need to know
Food price Uncertainty Continued to Impinge On Headline CPI
Food price Uncertainty Continued to Impinge On Headline CPI
The Indian rupee will remain in a tight range and appreciate only slightly against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in currency markets despite a strong economy, according to a Reuters poll. The rupee has gained only 0.2% against the greenback since the beginning of the year as receding calls for an early rate cut by the U.S. Federal Reserve propped up the dollar. The Indian currency was expected to strengthen slightly from T...
Indian rupee to gain slightly this year amid continued RBI intervention
Rising profits at India's state-run banks could produce nearly $2 billion in dividends for the government in the next fiscal year starting in April, a solid jump from this year, a top finance ministry official said. Since taking charge in 2014, Prime Minister Narendra Modi has taken steps to strengthen state banks including merging weaker banks with stronger ones and a bankruptcy law to recover money from defaulters, while channeling more than 3.3 trillion rupees ($39.7 billion) ...
India expects $1.8 billion in dividends from state-run banks in 2024/25 - Finance Minister official
India's key policy rates will likely be held steady on Thursday for a sixth straight meeting but investors are keenly watching to see if moderating core inflation and a fiscally prudent budget allows policymakers to signal a turn in the cycle. All but one of the 60 economists in the Jan. 10-Feb. 1 Reuters poll expected the central bank to hold the repo rate at 6.50% at the conclusion of its Feb. 6-8 meeting. "It might be too soon to change the stance from a signalling per...
India cenbank to hold rates for a sixth straight meet; statement in focus
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate. The Reserve Bank of India (RBI) told Paytm Payments Bank last Wednesday to stop accepting new deposits in its accounts and its popular digital wallets from March, citing supervisory concerns and non-compliance with rules. "Disc...
India`s Paytm CEO in talks with RBI on regulatory concerns
S&P Global Ratings has said strong credit growth of Indian banks could moderate to 12-14 per cent in the next fiscal (FY25) if deposit growth remains tepid. It said banks may be compelled to look for wholesale funding. It added that higher costs of such funding could further strain margins and hurt profitability. It stated rising cost of funds and potential rate cuts in fiscal 2025 will squeeze net interest margins. It expects the share of unsecured personal loans in the banks...
Indian Bank credit growth could moderate in FY25 on tighter liquidity: S&P
Leading financial services company Paytm on Monday denied reports that it is in talks with a few interested investors to sell its wallet business, amid the Reserve Bank of India’s (RBI) ban on the Paytm Payments Bank. Earlier in the day, reports surfaced, claiming that HDFC Bank and Jio Financial Services were said to be among the forerunners to acquire Paytm’s wallet business. In a statement to IANS, a Paytm Payments Bank spokesperson said that “we do not commen...
Paytm denies reports on selling its wallet business, says `market speculation`
Indian private lenders IndusInd Bank and Yes Bank said on Monday that HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in the two banks. The approval is on behalf of the HDFC Bank group, including its asset management company, a source from HDFC Bank added. The RBI has mandated that HDFC Bank, the country's biggest private lender by market capitalisation, acquire major shareholding within one year in both banks from the dat...
India`s HDFC Bank gets cenbank nod to buy 9.5% stake each in IndusInd Bank, Yes Bank
Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday. The HSBC India Services PMI was recorded at 61.8 in January, up from 59 in December. It is the highest since July 2023 when the PMI was 62.3. This is the 30th consecutive month of expansion in the services sector. "India's services PMI rose to a six-month high in January. New business expanded at a fas...
India`s services sector PMI surges to 6-month high
Former Reserve Bank of India (RBI) governor Raghuram Rajan has said that India needs to focus more on education and healthcare to become a developed economy by 2047. He highlighted the fact that India has maintained an average growth rate of 6 per cent over the past 25 years, which is no easy feat for any country. Rajan emphasised the need for governance reforms, as well as a focus on education and healthcare, to build a strong foundation. He noted that if India wanted to become a develope...
India needs to focus more on education and healthcare to become developed economy by 2047: Rajan
Payouts are within the regulatory thresholds The RBI has laid out an updated framework on dividend declaration for banks and the repatriation of profits for foreign banks. The framework ties the payout ratios to net NPL ratios as compared to the earlier grid-based framework that compared capital adequacy levels and net NPL ratios. Banks have generally been conservative on payout ratios even when we look back historically, and with net NPL ratios reaching closer to historical lows, the impa...
Payouts are within the regulatory thresholds Changes to dividend payments By Kotak Institutional Equities
The Payments Council of India (PCI), a representative body of non-banking payment industry in India, welcomes the Reserve Bank of India’s (RBI) move to enable the issuing of tokens for card via internet and commercial banks. This RBI decision, announced through a recent circular, will empower cardholders by offering them an additional option to tokenize their cards for multiple merchant sites through a streamlined and unified process. Card-on-File Tokens (CoFT) f...
Payments Council of India Welcomes RBI Circular Enabling Tokenisation Through Card-Issuing Banks
Comments from Ritesh Kumar, Partner, M&A Tax and Regulatory Services, BDO India Quote 1 - Implications of balancing transparency with market sensitivity in financial transactions. The aforesaid instructions come with a stated background that it has come to the notice of The RBI when certain transactions of regulated entities involving investments into AIFs raise regulatory concerns and that those transactions have entailed substitution of direct loan exposure of REs t...
The Directive has made it prohibitive for banks and other regulated entities to invest into AIFs Says Ritesh Kumar, BDO India
Load More