FINANCE – Page 27 – msmenews.sbs

Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

AIMPWAFebruary 28, 2025

With the Reserve Bank of India (RBI) recently clearing the decks for Asset Reconstruction Companies (ARCs) to raise equity via initial public offering (IPO), the smaller entities among them may be the first off the starting block to tap the capital market. The option to go public comes at an opportune time as they will...

Tuhin K Pandey: SEBI Back to Bureaucracy

AIMPWAFebruary 28, 2025

The appointment of Finance Secretary Tuhin Kanta Pandey signifies the return of the bureaucracy to steer the market regulator, Security and Exchange Board of India (SEBI). In a matter of just two months, the Government has appointed two top Finance Ministry officials to steer top regulators — RBI and SEBI. Before Sanjay Malhotra was dispatched...

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

AIMPWAFebruary 28, 2025

UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement. Unified Payments Interface (UPI) remains the cornerstone of India’s digital...

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

AIMPWAFebruary 28, 2025

After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research. The report highlighted several measures taken by the central bank, including liquidity infusion, a repo rate cut, and relaxation...

NICB employees had flagged irregularities in 2020

AIMPWAFebruary 28, 2025

The crisis at New India Co-operative Bank (NICB), whose board was superseded by the Reserve Bank of India earlier this month and all transactions suspended, has been brewing for several years, and in 2020 a group of former employees had flagged concerns over the functioning of the bank in a letter to the regulator. The...

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

AIMPWAFebruary 28, 2025

The Utkarsh Small Finance Bank board will meet on February 26 to consider a proposal for issuance of equity shares. The board would convene an extraordinary general meeting/ postal ballot process to seek shareholder approval for the same. The Varanasi-headquartered bank first tapped the equity market in July 2023, when it raised ₹500 crore by...

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

AIMPWAFebruary 28, 2025

Singapore’s DBS Group sees its workforce shrinking by 4,000 or 10 per cent over the next three years, due to deployment of artificial intelligence, group CEO Piyush Gupta said at an industry event. In a fireside chat at an event organised by Nasscom, Gupta said that in 2016-17 the bank had identified 1,600 jobs that...

Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts

AIMPWAFebruary 28, 2025

The Delhi High Court has asked probe agencies to exercise care and caution over blanket freezing of bank accounts. The matter before Justice Manoj Jain related to one such action of the agencies on the petitioner company’s account, having a withdrawal balance of more than ₹93 crore, but witnessing an innocuous entry of ₹200. “Such...

BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

AIMPWAFebruary 27, 2025

Bank of Baroda (BoB) on Thursday announced the pilot launch of a ‘Loyalty/Cashback Programme’ functionality for merchants based on the ‘programmability’ aspect of the Central Bank Digital Currency (CBDC) in collaboration with a fintech company. This functionality will enable small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed...

Large NBFCs expect lower cost of funds post rollback of higher risk weights

AIMPWAFebruary 27, 2025

Non-banking finance companies (NBFCs), especially large sized ones, are expecting a fall in their cost of funds (CoF) after the Reserve Bank of India’s (RBI) move this week to rollback 25 per cent higher risk weight assigned on bank loans to NBFCs in late 2023, bankers say. Raul Rebello, MD & CEO, Mahindra & Mahindra...

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

AIMPWAMarch 14, 2025

Burst of optimism after presidential election fades Source link

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

AIMPWAMarch 14, 2025

Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman also proposed a change to the exemption limits and rejigged the...

Budget 2025 – A fine blend of tax reforms and growth

AIMPWAMarch 14, 2025

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The biggest positive of Budget 2025 is the reduction of taxes for the middle class, which leaves more money in...

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

AIMPWAMarch 14, 2025

“We still have around $300,000 left on our mortgage.” Source link

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

AIMPWAMarch 14, 2025

The market regulator’s plans to introduce gross position limits for the derivative segment may result in job losses at proprietary firms and impact levies charged on such trades. Large prop firms employ 500-1,000 people each and several of them may have to axe 20-30 per cent of their workforce once the new norms become a...

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Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

Tuhin K Pandey: SEBI Back to Bureaucracy

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

NICB employees had flagged irregularities in 2020

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts

BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

Large NBFCs expect lower cost of funds post rollback of higher risk weights

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

‘Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans’