FINANCE – Page 24 – msmenews.sbs

RBI to conduct 3-year dollar/rupee buy/sell swap

AIMPWAMarch 2, 2025

The Reserve Bank of India will conduct a longer duration dollar/rupee buy/sell swap to infuse durable liquidity into the banking system next week, the central bank said on Friday. The RBI will conduct a three-year buy/sell swap worth $10 billion on February 28. The first leg of the transaction would be settled on March. 4....

Centre can consider lowering stake in PSBs, bankers say

AIMPWAMarch 2, 2025

As the Indian economy and banking sector grows and capital requirements rise, the Centre has a large scope to reduce its stake in public sector banks (PSBs), bankers said in an event held at the NSE here today. “Consolidation is something which the government has to finally decide. From the point of view of equity...

RBI is missing the larger point

AIMPWAMarch 2, 2025

It is true that the annual inflation rate has now come down meaningfully from 5.22 per cent in December 2024 to 4.31 per cent in January 2025. This seemingly justifies a cut in the repo rate from 6.50 to 6.25 per cent by the Reserve Bank of India on February 7. However, the big picture...

RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

AIMPWAMarch 2, 2025

The Reserve Bank of India (RBI) may be killing two birds – attracting Dollars and infusing Rupee liquidity — with a single stone via the US Dollar/Rupee Buy/Sell auction of three-years tenor for $10 billion it will conduct on on February 28. The longer tenor swap could encourage Banks to mobilise longer tenor Foreign Currency...

Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

AIMPWAMarch 2, 2025

Former Reserve Bank of India (RBI) Governor D Subbarao on Friday said he accepts the responsibility of building up of non-performing assets (NPAs) during his term as the RBI chief between 2008-13, a period coinciding with the global financial crises (GFC). “It is very difficult to identify a bubble in real time, not just in...

Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

AIMPWAMarch 2, 2025

The Reserve Bank of India (RBI), in its draft circular issued today, said lenders shall not levy any charges or penalties in case of foreclosure or pre-payment of floating rate loans granted to individuals and micro and small entities (MSE) for business purposes. However, in case of MSE borrowers, these instructions would be applicable up...

Bajaj Allianz Life goes live with BIMA-ASBA

AIMPWAMarch 1, 2025

Bajaj Allianz Life Insurance Company (BALIC) has gone live with the BIMA – Application Supported by Blocked Amount facility (Bima-ASBA), which will bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. BALIC is the first insurer to go live with the aforementioned facility, per the company’s statement. Under...

Tata AIA launches new Multicap Pension Fund

AIMPWAMarch 1, 2025

Tata AIA Life Insurance Co Ltd has introduced a new Multicap Momentum Quality Index Pension Fund, opening for subscription from February 21 to February 28, 2025. The fund aims to tap into India’s equity markets while providing retirement planning solutions. The pension fund will invest 80-100 per cent in equity and equity-related instruments aligned with...

Gold gains sheen as RBI dips into forex reserves

AIMPWAMarch 1, 2025

The RBI’s move to add more gold to its kitty and the recent rally in prices of the yellow metal to a new high allowed it the wiggle room to dip into forex reserves to smoothen volatility in the rupee’s movement against the dollar. The country’s forex reserves have fallen 10 per cent from $704...

‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’

AIMPWAMarch 1, 2025

Rising temperature and growing threat of climate change may increase default risk in 30 per cent of agri and housing loans portfolio in the next five years, according to an analysis by BCG. According to the report, the average global temperature has already increased approximately 1.2 degree Celsius versus pre-industrial levels leading to flooding in...

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

AIMPWAMarch 14, 2025

U.S. stocks rose on Friday after a broad selloff on Wall Street during the week as investors assessed the fallout of tariff policies on economic growth, while new data signaled deteriorating consumer sentiment and a surge in inflation expectations. All three indexes are headed for weekly declines, with the benchmark S&P 500 on track for...

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

AIMPWAMarch 14, 2025

Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,...

From Southwest to BP, Elliott and other activists are shaking up companies again

AIMPWAMarch 14, 2025

Investors like billionaire Paul Singer have more money than ever to throw around, and they are making their presence felt on Wall Street and Main Street. Source link

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

AIMPWAMarch 14, 2025

1. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product (GDP) compared to 8.2% in the same period last year, the finance minister had to act, and she decided to take the bull...

Want to make more money selling your house? Mention these features in the listing.

AIMPWAMarch 14, 2025

As spring homebuying season approaches, homeowners who mention features including ‘teak’ and ’soapstone’ in their for-sale listing could get better offers on their houses. Source link

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Latest Posts

RBI to conduct 3-year dollar/rupee buy/sell swap

Centre can consider lowering stake in PSBs, bankers say

RBI is missing the larger point

RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

Bajaj Allianz Life goes live with BIMA-ASBA

Tata AIA launches new Multicap Pension Fund

Gold gains sheen as RBI dips into forex reserves

‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

India’s nuclear energy ambitions: Aiming for 100 GW by 2047