FINANCE – Page 5 – msmenews.sbs

Wells Fargo’s stock rises as analyst proclaims ‘good entry point’ for investors

AIMPWAMarch 13, 2025

RBC Capital says Wells Fargo’s stock is a good buy after the recent financial-stock selloff, though most bank stocks remain in the red. Source link

Banks’ RoA and RoE will be impacted if deposit insurance limit as well as premium are upped, says ICRA

AIMPWAMarch 13, 2025

ICRA expects an increase in deposit insurance limit as well as premium in the wake of the recent failure of a cooperative bank. This, in turn, will impact banks’ return on assets (RoA) and return on equity (RoE). This assessment comes in the backdrop of frauds hitting the urban co-operative banking segment in the last...

RBI announces liquidity injection measures amounting to about ₹1.87 lakh cr

AIMPWAMarch 13, 2025

The Reserve Bank of India (RBI) on Wednesday announced liquidity injection measures, including open market operation (OMO) purchase of Government Securities (G-Secs) and US dollar/Indian rupee Buy/Sell swap, aggregating about ₹1.87 lakh crore to alleviate expected liquidity tightness in the banking system in the second half of this month. These measures come after the central...

Create a common pool of bankable green projects: RBI Governor Malhotra to lenders

AIMPWAMarch 13, 2025

Lenders should create a common pool of bankable green/sustainable projects so that the entire ecosystem can benefit, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. This will help them overcome capacity and expertise constraints, which limit lenders ability to appraise and thus finance climate change mitigation. “One of the oft-cited constraints to adequate...

Millennials lead in insurance grievances, says Insurance Samadhan report

AIMPWAMarch 13, 2025

Millennials are the most active age group in seeking redressal for insurance-related grievances, accounting for 46 per cent of all complaints, according to a report by Insurance Samadhan, an insurance grievance redressal platform. The report, which analysed 9,928 grievances, underscores a growing trend of younger consumers asserting their rights in the insurance sector. The study...

Patanjali, DS Group to acquire Magma General Insurance

AIMPWAMarch 13, 2025

Sanoti Properties LLP, owned by Adar Poonawalla, has approved the sale of its insurance subsidiary, Magma General Insurance Limited (formerly Magma HDI General Insurance Company Limited), to Patanjali Ayurved Limited and DS Group for approximately ₹4,500 crore, subject to regulatory approvals. The transaction is structured as per a Share Purchase Agreement (SPA), with Celica Developers...

RBI Governor meets with fintechs, PSOs

AIMPWAMarch 13, 2025

Reserve Bank of India Governor Sanjay Malhotra today met with non-bank Payment System Operators (PSOs) and fintechs along with their associations and self-regulatory organisations in Mumbai, according to a statement. The interaction was a part of the RBI’s series of engagements with the payments and fintech ecosystem. Earlier, the RBI Governor had met with heads...

Cooling inflation fuels rate cut hopes: RBI may go beyond 25 bps in April, say foreign bank economists

AIMPWAMarch 13, 2025

Foreign banks and brokerages see the latest soft inflation print in India paving the way for further RBI policy rate cuts with some even predicting a larger, non-standard 35 basis point cut in the April 9 MPC meeting. Some foreign banks expect a sub-4 per cent inflation print laying the ground for 50 basis points more...

Infibeam partners with Sutex Cooperative Bank for enhancing net banking facility

AIMPWAMarch 13, 2025

Infibeam Avenues Ltd’s flagship payment gateway brand, CCAvenue, has partnered with The Sutex Co-operative Bank Ltd to help bolster the bank’s net banking facility. The new collaboration will enable Sutex Co-operative Bank Ltd to route secure direct debit digital payments to its merchants, including multi-currency payments, simplifying transactions for both businesses and customers, stated an...

HDFC Bank has launched Project HAKK (Hawai Anubhavi Kalyan Kendra) to provide support and services to Indian Air Force (IAF) pensioners, veterans and their families.

AIMPWAMarch 13, 2025

HDFC Bank has launched Project HAKK (Hawai Anubhavi Kalyan Kendra) to provide support and services to Indian Air Force (IAF) pensioners, veterans and their families. In this regard, the Bank has signed a Memorandum of Understanding (MoU) with the IAF acting through the office of the Assistant Chief of Air Staff – Accounts & Air...

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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

AIMPWAMarch 14, 2025

Fabrics giant Joann is closing, and the store has stopped taking gift cards — upsetting many customers. Here’s what shoppers should know. Source link

Union Budget 2025: A bold step towards Viksit Bharat

AIMPWAMarch 14, 2025

The Union Budget 2025 has declared that in reaching the destination of Viksit Bharat by 2047, reforms will act as fuel and inclusivity will be the guiding spirit. The reforms have focused on labour-intensive sectors and are towards boosting productivity. This is significant as in its growth journey, India directly moved from agriculture to services...

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Latest Posts

Wells Fargo’s stock rises as analyst proclaims ‘good entry point’ for investors

Banks’ RoA and RoE will be impacted if deposit insurance limit as well as premium are upped, says ICRA

RBI announces liquidity injection measures amounting to about ₹1.87 lakh cr

Create a common pool of bankable green projects: RBI Governor Malhotra to lenders

Millennials lead in insurance grievances, says Insurance Samadhan report

Patanjali, DS Group to acquire Magma General Insurance

RBI Governor meets with fintechs, PSOs

Cooling inflation fuels rate cut hopes: RBI may go beyond 25 bps in April, say foreign bank economists

Infibeam partners with Sutex Cooperative Bank for enhancing net banking facility

HDFC Bank has launched Project HAKK (Hawai Anubhavi Kalyan Kendra) to provide support and services to Indian Air Force (IAF) pensioners, veterans and their families.

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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

Union Budget 2025: A bold step towards Viksit Bharat

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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

Union Budget 2025: A bold step towards Viksit Bharat

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’