Banks should focus on their core business, bring innovative products to mobilise deposits: FM
Finance Minister Nirmala Sitharaman on Saturday exhorted banks to focus on their core business and explore new ways to attract deposits, as household savings are increasingly shifting towards alternate investment products. "Both RBI and the government have been asking banks to focus on their business activity... They should be aggressive in...
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Domestic food market expected to grow by over 47% to touch USD 1,274 bn: Report
11 August 2024 | PTI -
VA Tech WABAG Ltd secures repeat order from CMWSSB
11 August 2024 | PTI -
Sovereign green bonds trading at IFSC to begin in 2nd half of this fiscal: RBI Guv
11 August 2024 | PTI -
Garment sector facing uncertainty due to Bangladesh crisis: Sitharaman
11 August 2024 | PTI -
Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM
10 August 2024 | PTI -
Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman
10 August 2024 | PTI -
Gold jumps Rs 1,100; Silver bounces Rs 1,400
10 August 2024 | PTI
PFC secures long-term loan from Japan bank for wind energy project
PFC, a Maharatna company and leading NBFC in Indian power sector, has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC). This loan is part of JBIC’s ‘Global Action for Reconciling Economic Growth and Environmental Preservation’ (“GREEN”) initiative. In addition to JBIC’s contribution, the...
LIC shares climb 3% after earnings announcement
Shares of Life Insurance Corporation of India (LIC) climbed 3 per cent on Friday after the company reported a 10 per cent rise in net profit to Rs 10,461 crore in the June 2024 quarter. The stock jumped 3 per cent to Rs 1,159.60 on the BSE. At the NSE, it climbed...
Sebi asks mutual fund industry to proactively conduct stress test
Markets regulator Sebi has asked the mutual fund industry to proactively conduct stress tests, a key component of risk management for the financial sector, which will help strengthen the ecosystem, its whole-time member Ananth Narayan Gopalakrishnan said on Friday. The regulator’s stress testing emphasizes the need to assess and manage liquidity...
Forex reserves jump by USD 7.533 bn to record USD 674.91 bn
India’s forex reserves jumped by USD 7.533 billion to a new record high of USD 674.919 billion for the week ended August 2, the Reserve Bank said on Friday. The overall kitty had dropped by USD 3.471 billion to USD 667.386 billion in the previous reporting week ended July 26. The...
Equity mutual funds’ inflow drops in July; industry AUM touches `65 lakh cr
Inflow in equity mutual funds declined 9 per cent month-on-month to Rs 37,113 crore in July owing to the drop in fund infusion in large-cap, small- and mid-cap categories. Despite the dip, the quantum of net inflows witnessed in July was the second highest flows ever received in a month. Also,...
Enabling framework needed to help companies issue ESG bonds domestically: RBI official
There is a need to create an “enabling framework” to help Indian companies issue environmental, social and governance (ESG) bonds locally, a senior RBI official said on Friday. Underlining that capital markets regulator Sebi which looks after the regulations for the bond markets has done significant work, Dimple Bhandia, the chief...
Rupee rises two paise to close at 83.95 against US dollar
The rupee consolidated in a narrow range and settled for the day higher by 2 paise at 83.95 (provisional) against US dollar on Friday, supported by gains in the domestic markets. Forex traders said the rupee edged up slightly on gains in the domestic markets. However, a surge in crude oil...
