Altogether, the investors may bid for 50%-75% of the issue, the sources added, requesting anonymity as they are not authorised to speak to the media

Shapoorji, Shapoorji Pallonji

The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday

money, financial, cash, rupee

Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks

RBI, Reserve Bank of India

The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday

The enrolment and claim forms for all these categories of central government employees will be available online on the Protean CRA website from April 1, 2025

Retirement Plan, Retirement, Pension

The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh

Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24, accord

The Nitish Kumar government in Bihar on Thursday made a fresh demand for special category status before the 16th Finance Commission, members of which are currently on a tour of the state.
This was disclosed by Arvind Pangariya, the renowned economist who is also the chairman of the commission, while interacting with the media after receiving the state government's memorandum.
"It was a lengthy presentation made in the presence of the chief minister, his deputies and other cabinet colleagues, besides top officials... prior to Bihar, we have covered 20 states. Our tours began in June last year, after the Election Commission lifted the Model Code of Conduct imposed during Lok Sabha polls," Pangariya said.
"The demand for a special category status is part of the memorandum of the Bihar government... (but) this is not something that the Finance Commission has jurisdiction over," he said.
"At the moment, no state has special category status. It used to be under the Planning Commission. .

Nitish Kumar, Nitish

This was disclosed by Arvind Pangariya, the renowned economist who is also the chairman of the commission, while interacting with the media after receiving the state government's memorandum

British travellers that they could face arrest or detention if they do not comply with US entry rules, UK warned

US travel ban, travel ban

It's vital to invest through Sebi-registered platforms, steer clear of anyone promising unusually high returns while using trusted apps

hack, Cyber Crime, Scam

Protecting the integrity of the immigration process is our priority, said USCIS

Fraud, Scam

Do your research and understand the complete list of product offerings before opting for a new card

Credit Card

Latest guidelines emphasise the use mobile number revocation list (MNRL) and digital intelligence platform (DIP) by banks and PSPs

The National Payments Corporation of India will remove IDs and users with inactive mobile numbers will be unable to use online payment applications like Google Pay, Paytm, PhonePe, etc

Paytm, UPI

According to RERA, Prestige Ocean Towers is a newly launched residential project by Prestige Projects Private Limited, spread across 2.3 acres and offering 2 and 3 BHK units.

dfkes

Returns have largely stemmed from accrual income and credit spreads

The new asset class proposed by the market regulator, which will fit in between mutual funds (MFs) and portfolio management services (PMS), will open up new business opportunities for domestic asset management companies (AMCs). But it may eat into so

Foreign investors continued to pour money into government securities under the Fully Accessible Route (FAR), with net inflows reaching ₹8,560 crore this week

Bond market

A corporate debtor, under IBC, is a company or LLP that owes a debt to any person. A successful resolution applicant is a person or entity whose resolution plan is approved by lenders and NCLT

Supreme court

While credit expanded by Rs 1.38 trillion in the March 7 fortnight over the previous fortnight, deposits expanded by Rs 2.25 trillion

Banks mobilise Rs 8 trn via CDs  in FY25 so far

The country's forex reserves increased by USD 305 million to USD 654.271 billion during the week ended March 14, the RBI said on Friday.
In the previous reporting week, the overall reserves rose by USD 15.267 billion to USD 653.966 billion and registered the sharpest weekly rise in two years. The spike in foreign reserves was partly attributed to the USD 10 billion forex swap done by the Reserve Bank of India.
The reserves have been on a declining trend recently due to revaluation, along with forex market interventions by the RBI to help reduce volatilities in the rupee. The forex reserves increased to an all-time high of USD 704.885 billion in September 2024.
For the week ended March 14, foreign currency assets, a major component of the reserves, decreased by USD 96 million to USD 557.186 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen

In the previous reporting week, the overall reserves rose by $15.267 billion to $653.966 billion and registered the sharpest weekly rise in two years

Executives talk about their plans for the wealth management business and the group's banking ambitions

(From left) Paul Brendan Hanratty, CEO of Sanlam; Subhasri, MD & CEO of Shriram Capital; and David Marshall, Head of Asia Region at Sanlam

Says transition to small finance bank will help margins but operational cost for small ticket loans are very high

R Viswesvaran, MD & CEO, India Post Payments Bank

Says UPI is evolving rapidly, and there are multiple innovations around UPI for data-driven services and merchant solutions

KETAN PATEL, co-founder and chief executive officer (CEO) of Mswipe Technologies

Central bank has 'communicated intention' to provide sufficient liquidity, says senior executive of Kotak Mutual Fund

DEEPAK AGRAWAL, chief investment officer - debt at Kotak Mutual Fund

Samtani talks about Indian engineers and Generative AI (GenAI) in banking

Gunjan Samtani, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India

Bima Stack makes purchasing insurance simpler, speeds up claims and strengthens access to products. It gives people control over their data

The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr

M&A activity in India has largely been unaffected by geopolitical uncertainty

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

Digital underwriting is not just about making decisions quickly through automation: It ensures greater financial inclusion and improves risk control

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment

money cash merger demerger acquire acquisition

The success of National Urban Cooperative Finance and Development Corporation will revive public confidence in the sector and provide regulatory comfort

The insurance repository system, introduced by the regulator, provides policyholders with a facility to keep insurance policies in electronic form and make changes

Insurance, irdai

This marks Prudential's second foray into insurance business and comes close on the heels of the Indian government allowing 100 per cent foreign direct investment (FDI) in the sector

Purchasing Health Insurance

The regulator proposed that the IAC should allow the circulation of meeting notices and agendas to its members in less than seven days, subject to chairperson approval

insurance

Bajaj Group will acquire the 26 per cent stake in BALIC for Rs 10,400 crore and in BAGIC for Rs 13,780 crore from Allianz

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv

The private sector insurer has been incurring losses and remains reliant on capital infusion from its Indian parent, which in FY25 infused Rs 200 crore into the company

Sumit Rai, managing director and chief executive officer, Edelweiss Life Insurance

Finance News: Get latest Banking news, Reserve Bank of India news, FIIs, NBFC, Insurance news, SEBI news, Public and Private sector bank news, NBFCs and gold lending news at Business Standard.

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