FINANCE – Page 25 – msmenews.sbs

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...

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

AIMPWAMarch 1, 2025

Bank of Maharashtra (BoM) on Sunday announced reduction by up to 25 basis points (bps) in interest rates on retail loans, including home, car, education and other loans linked with Repo Rate Linked Lending Rate (RLLR). The Pune-headquartered public sector bank, in a statement, said it has already waived processing fees on home and car...

PF interest rate to continue at 8.25% for FY25

AIMPWAMarch 1, 2025

The Employees’ Provident Fund Organisation’s Central Board of Trustees (CBT) has decided to retain interest rate of 8.25 per cent for provident fund deposits for FY 2024-25 but has enhanced social security benefits under its insurance scheme. The CBT recommended 8.25 per cent annual rate of interest will be credited to members’ accounts for the...

Banks’ non-food credit growth slows to 12.5% in Jan

AIMPWAMarch 1, 2025

The banking system’s non-food credit growth slowed in January 2025 to 12.5 per cent year-on-year as compared with16.2 per cent in the year ago period. This is due to moderation in credit growth in services and personal loans segments even as credit growth in agriculture and allied activities and industry picked up. However, non-food credit...

RBI says 98.18% of ₹2000 banknotes returned; ₹6,471 cr worth of notes still in circulation

AIMPWAMarch 1, 2025

The Reserve Bank of India (RBI) on Saturday said 98.18 per cent of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned till February 28, 2025. The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal...

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Incentives for urban governance to improve quality of life

AIMPWAMarch 14, 2025

Finance minister Nirmala Sitharaman has followed a stable trajectory in all her Union Budgets since 2019. This year’s budget speech, though, was unusual in not mentioning allocations for specific Infrastructure sectors. The unsaid implication being – execute and implement existing projects in large sectors like highways and railways. Of the allocation to Infrastructure of an...

Intel is the best chip stock this year in a surprising reversal

AIMPWAMarch 14, 2025

No one is expecting a miracle overnight. But investors and analysts are applauding the possibilities of new Intel CEO Lip-Bu Tan. Source link

Budget emphasis on urban governance could benefit workers living in small towns

AIMPWAMarch 14, 2025

This year’s budget comes at a critical juncture when the bounce-back from the Covid-19 pandemic seems to have exhausted itself and the economy risks sliding into the low rates of growth witnessed right before the pandemic. Furthermore, as I’ve highlighted before and as mentioned in the Economic Survey, the pace of creation of regular wage...

Why this Wall Street strategist says investors should stick with U.S. stocks despite recession fears

AIMPWAMarch 14, 2025

Oppenheimer’s John Stoltzfus, the most bullish strategist on Wall Street with a target for the S&P 500 to hit 7,100 by the end of 2025, is standing firm, even as other strategists have cut their outlook for U.S. stocks. Source link

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust

AIMPWAMarch 14, 2025

Consumption, particularly in urban markets, has been battered by high food inflation and low income growth in recent months, resulting in calls for the Reserve Bank of India to cut its policy rate to spur spending. The banking regulator in December maintained the repo rate at 6.5% for an 11th consecutive time. RBI’s monetary policy committee,...

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Latest Posts

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’

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

PF interest rate to continue at 8.25% for FY25

Banks’ non-food credit growth slows to 12.5% in Jan

RBI says 98.18% of ₹2000 banknotes returned; ₹6,471 cr worth of notes still in circulation

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Incentives for urban governance to improve quality of life

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Budget emphasis on urban governance could benefit workers living in small towns

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Incentives for urban governance to improve quality of life

Intel is the best chip stock this year in a surprising reversal

Budget emphasis on urban governance could benefit workers living in small towns

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After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust

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Incentives for urban governance to improve quality of life

Intel is the best chip stock this year in a surprising reversal

Budget emphasis on urban governance could benefit workers living in small towns

Why this Wall Street strategist says investors should stick with U.S. stocks despite recession fears

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust

These tax cuts and benefits could help caregivers in crisis — can they get through Congress?