Disha Microfin, one of the 10 companies received in-principle approval from the Reserve Bank of India to start operating as a small finance bank, is slated to start operations in the first quarter of FY18.
The capital markets regulator's guidelines require mutual funds to limit their exposure to any particular sector at 25% of the net asset value of the scheme, with an additional limit of 15% in the financial services sector on
Owing to the decline in interest rates over the past couple of quarters and a subsequent fall in bond yields, additional tier-I bonds (AT 1 bonds) — also known as perpetual bonds — issued over the same period are now trad
The yield on the 10-year benchmark bonds closed at 6.32% on Tuesday, nearly 50 basis points lower than their close on November 8, the day demonetisation had been announced. This is the lowest closing level for the 10-year ben
Mobile wallet companies and digital payment platforms are seeing a tremendous surge in traffic and in the number transactions made within 24 hours of the government’s announcement the current `500 and `1,000 notes would not
Ahead of the Reserve Bank of India’s bi-monthly monetary policy review, Ashish Parthasarthy, treasurer, HDFC Bank, spoke to Pranay Lakshminarasimhan and Amrutha Penumudi about falling inflation rates and rising expectations
At a time when yields on government securities have fallen to seven-year lows, yields on the five largest bond issues by states this month have fallen by as much as 122 basis points in the last one year, data on the Reserve B
The cheque will soon no longer be in the mail. The unified payment interface (UPI) is set to go live in two to three days with 21 participating banks, the National Payments Corporation of India (NPCI) said in a statement on T
Companies and non-banking financial companies (NBFCs) have together mopped up R36,774.25 crore from the bond markets in July, taking the total amount raised in the first four months of FY17 to R1.71 lakh crore.
The Unified Payment Interface of the National Payments Corporation of India (NPCI) which was earlier slated to go live on July 15 but was delayed due to technical reasons, is now at an advanced stage of testing and will go l
Foreign portfolio investors' (FPIs) net investment in debt instruments in July has crossed the $1 billion mark, with FPIs having net bought instruments worth $1.03 billion since the beginning of the month.