FINANCE – Page 24 – msmenews.sbs

OMO purchase auction receives robust response from banks

AIMPWAMarch 2, 2025

Banks placed offers to sell six government securities (G-Secs) aggregating ₹1,87,503 crore, about 4.68 times the amount the RBI notified for purchase at the open market operation (OMO). The central bank infused liquidity equal to the notified amount of ₹40,000 crore in the banking system through the OMO purchases. The RBI conducted the OMO purchase...

FSIB recommends Pant and Patnaik for two MD vacancies at LIC

AIMPWAMarch 2, 2025

The Financial Services Institutions Bureau (FSIB) has recommended the candidatures of two Executive Directors – Dinesh Pant and Ratnakar Patnaik – of the Life Insurance Corporation of India for appointment as Managing Directors at the public sector life insurance behemoth. FSIB interfaced with 8 candidates on February 20 for two positions of MDs in LIC....

Project lending dips as RBI note raises fear of higher provisioning

AIMPWAMarch 2, 2025

Lenders have turned circumspect on project finance after the Reserve Bank of India unveiled draft guidelines on prudential treatment of projects under implementation in May 2024, possibly fearing the provisioning impact it could have on their bottomlines. This can be gauged from the fact that the total cost of projects sanctioned by banks and financial...

PBPartners set to expand insurance reach across 19,000 pin codes in India

AIMPWAMarch 2, 2025

PBPartners, Policybazaar’s PoSP (Point of Sales Person) arm, is set to expand its footprint across India, aiming to cover nearly 19,000 pin codes over the next two years. With a strong presence in both urban and rural markets, the company has already established itself in over 18,000 pin codes. The expansion plan focuses on reaching...

Kotak Mahindra Prime appoints Shahrukh Todiwala as new MD, CEO

AIMPWAMarch 2, 2025

Kotak Mahindra Prime, a subsidiary of Kotak Mahindra Bank (KMB), today appointed Shahrukh Todiwala as the new MD, CEO of the company, according to a statement. Todiwala succeeds Vyomesh Kapasi, who will now take over as the head of product-consumer bank vertical at KMB. Ashok Vaswani, MD & CEO of KMB, said, “These appointments underscore...

RBI Deputy Guv Rao flags concerns of excessive borrowings

AIMPWAMarch 2, 2025

RBI has flagged some concerns of excessive borrowing in unsecured segment and from derivative euphoria in the capital markets. “The temptation of short-term gains can easily overshadow the long-term financial security of individuals,” RBI Deputy Governor M Rajeshwar Rao said at a BFSI summit jointly organised by IIM-K and NSE. He emphasised that financial entities...

Excessive borrowing in the unsecured segment a cause for concern: RBI Deputy Governor Rao

AIMPWAMarch 2, 2025

The Reserve Bank of India has, of late, seen some concerns of excessive borrowing in the unsecured segment and from derivative euphoria in the capital markets, according to M Rajeshwar Rao, Deputy Governor. The temptation of short-term gains can easily overshadow the long-term financial security of individuals, Rao said in his inaugural address at the...

UPI transactions decline by 5% m-o-m in February

AIMPWAMarch 2, 2025

Unified Payments Interface (UPI) transaction volume in February dipped by 5 per cent to 16.11 billion, compared to 16.99 billion in January. The transaction value for February declined by 6.5 per cent to ₹21.48 trillion, compared to ₹23.48 trillion in January. This compares to 16.73 billion in volume and ₹23.25 trillion in value in December....

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...

1 … 22 23 24 25 26 … 34

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

AIMPWAMarch 14, 2025

As US president Donald Trump threatens to impose reciprocal tariffs on its trading partners, potentially upending global commerce, India has placed a significant emphasis on invigorating manufacturing and exports while also opening up the domestic market. As part of the customs duty rejig, the government lowered import tax on a range of products such as...

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

AIMPWAMarch 14, 2025

“How many people maintain a relationship with their siblings after their parents died?” Source link

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

AIMPWAMarch 14, 2025

Here’s a handy alphabetized list of the key themes that shaped the most important financial document of the year: It can’t be a Budget without annadatas and agriculture, can it? Identifying agriculture as one of the four powerful engines in India’s journey of development (the other three being MSMEs, investment and exports), the Budget unveiled...

Goodbye old tax regime; new regime now more attractive

AIMPWAMarch 14, 2025

Before you pop the champagne, though, there are two points to consider. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. At the same time, the old tax regime does remain relevant in some cases. Second, if your taxable income is...

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

AIMPWAMarch 14, 2025

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Latest Posts

OMO purchase auction receives robust response from banks

FSIB recommends Pant and Patnaik for two MD vacancies at LIC

Project lending dips as RBI note raises fear of higher provisioning

PBPartners set to expand insurance reach across 19,000 pin codes in India

Kotak Mahindra Prime appoints Shahrukh Todiwala as new MD, CEO

RBI Deputy Guv Rao flags concerns of excessive borrowings

Excessive borrowing in the unsecured segment a cause for concern: RBI Deputy Governor Rao

UPI transactions decline by 5% m-o-m in February

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

Centre can consider lowering stake in PSBs, bankers say

Trending News

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

Editor's Picks

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

Quick Links

Popular Categories

Must Read

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer