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Source: Business Standard 2 min read Last Updated : Sep 26 2024 | 5:44 PM IST The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification. …
Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…
Source: Business Standard Shaktikanta Das, RBI Governor | (Photo: Shutterstock) 3 min read Last Updated : Sep 24 2024 | 10:46 PM IST Strengthening core fundamentals is the best defence against global uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday amid heightened tension in West Asia. Das said that…
Source: Business Standard 3 min read Last Updated : Sep 24 2024 | 8:12 PM IST The Reserve Bank of India (RBI) typically issues Sovereign Gold Bonds (SGBs) in June and September each year. However, no tranches have been issued in 2024-25 (FY 2025). The last tranche of SGB Series IV (FY 2024) was…
Source: Live Mint The Fed’s aim is to get ahead of potential labour market challenges and stabilise the US economy amid looming uncertainties. While the cuts are focused on the US, their impact is already resonating across global markets and India is well-positioned to capitalise on them. The Fed’s decision could unlock new opportunities for…
Source: Live Mint The Indian stock market’s initial public offering (IPO) surge is poised to make September the busiest month for public listings in 14 years, according to the Reserve Bank of India (RBI) bulletin data released on September 20. than 28 companies have entered Dalal Street in September so far, both in the mainboard…
Source: Business Standard 4 min read Last Updated : Sep 20 2024 | 10:10 PM IST The gap between credit and deposit growth in banks, which has been a major concern for the Reserve Bank of India (RBI) over the past two years, is finally narrowing, according to the latest State of the Economy…
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 7:40 PM IST With the Reserve Bank of India (RBI) nudging non-banking financial companies (NBFCs) to reduce their dependence on banks, and mutual funds becoming conservative after the Franklin Templeton incident, NBFCs are increasingly turning to the bond market to raise…
Source: Business Standard The domestic currency settled at 83.5625 on Friday, and gained nearly 0.4% week-on-week, its strongest weekly rise this year. 1 min read Last Updated : Sep 20 2024 | 5:32 PM IST India’s foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of…
Source: Business Standard Reserve Bank of India’s foreign-exchange reserves have swelled to almost $700 billion. (Photo: Shutterstock) 5 min read Last Updated : Sep 20 2024 | 7:56 AM IST By Subhadip Sircar and Anup Roy India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility…
