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In relation to the US dollar, the Indian rupee opens 39 paise higher at 86.4425.
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On February 12, the Indian rupee began strongly, rising 39 paise against the US dollar to 86.4425, or 0.36 percent, to become the best-performing currency in Asia for the second consecutive day. Due to a probable Reserve Bank of India (RBI) intervention in the foreign view more...
In beginning trade, the rupee easily regains the 87 level against the US dollar.
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The rupee has rebounded by about 21 paise to regain the 87 mark against the US dollar after remained unstable during the previous trading session. As opposed to the previous finish of 87.48 against the US dollar, the rupee opened at 87.35 and then recovered to 87.0750 view more...
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Union Budget 2025: Consolidation, Capital Expenditure, and Consumption as the Three Cs
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The budget will be unveiled at a time when the economy's two main growth engines, capital expenditures and consumption, are starting to wane. There is growing demand that the budget increase the discretionary income of urban consumers, who are struggling due to slowed i view more...
The Bank of Maharashtra estimates that its credit loss provisions will be between Rs 125 and Rs 150 cr every quarter. References
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According to a source speaking on condition of anonymity, the Bank of Maharashtra anticipates making an additional expected credit loss (ECL) provisioning of Rs 125–150 crore each quarter in order to comply with RBI standards. The source went on to say that the bank view more...
Loans disbursed on the ULI platform of Rs 38,000 crore
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According to Suvendu Pati, chief general manager (CGM) of the Reserve Bank of India (RBI), the Unified Lending Interface (ULI), dubbed the UPI-of lending space, has disbursed 7.5 lakh loans totaling Rs 38,000 crore thus far. The central bank previously stated in the Tr view more...
Union Budget 2025: Finding a balance between growth and fiscal consolidation
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The emphasis is still on finding a delicate balance between budgetary austerity and economic growth as India prepares to publish the Union Budget for FY26. Prudent fiscal management without slowing growth momentum is required to meet the government's ambitious goal of b view more...
Pre-Budget Blueprint: Expanding MSME and Priority Sector Lending through NBFC-PSL
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As India sets its sights on the Union Budget 2024-25, the conversation around unlocking the true potential of Priority Sector Lending (PSL) and MSME financing has become paramount. While PSL is a cornerstone of India’s financial inclusion strategy, the current framewo view more...
As crude continues to increase, the rupee opens slightly lower against the dollar at 86.56.
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The local currency opened at 86.56 against the US dollar, and currently traded at 86.57 against the dollar, as compared to 86.57 at close in the previous trading session against the greenback. On January 17, the rupee opened slightly lower due to the ongoing increase i view more...
Q3 earnings for Bank of Maharashtra show a 36% increase in net profit to Rs 1,407 crore.
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On January 15, the Bank of Maharashtra announced that its consolidated net profit for the third quarter of FY25 had increased 36% year over year to Rs 1,406.73 crore. The bank's overall revenue increased by 22% to Rs 7,112.66 crore on a yearly basis. On January 15, sha view more...
Unpacking SBI's Har Ghar Lakhpati RD scheme: Is it better to invest or pass?
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A recurring deposit program called "Har Ghar Lakhpati" (lakhpati in every home) has been launched by the State Bank of India (SBI). Through modest monthly payments over three to 10 years, this investment initiative aims to assist people in building up a corpus of at lea view more...
Biju Menon says Star Health Insurance will add 29–30 bancassurance partners by H1FY26.
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In order to boost new business, Star Health and Allied Insurance plans to acquire 29–30 bancassurance partners by the first half of the upcoming fiscal year, Executive Director & Chief Business Officer Biju Menon told Moneycontrol in an interview. State-owned banks, view more...
The CRIF analysis shows a significant decline in MFI asset quality in Bihar, Uttar Pradesh, and Kerala.
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The CRIF research claims that as of September 2024, the asset quality of microfinance institutions in three states—Bihar, Uttar Pradesh, and Kerala—had drastically declined. The Kerala 31-180 day portfolio at risk (PAR) increased from 2.1 percent in September 2023 view more...
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