Finance news

Finance Ministry to monitor rate-cut transmission by public sector banks  Business StandardThe finance ministry is closely monitoring the transmission of monetary policy rates at public sector banks (PSBs) and is collating data on the lending rate cuts ...

Govt may use small saving fund money to finance deficit  The Financial ExpressThe government's reliance on NSSF has only grown in recent years. From just 1.8% in FY13, NSSF funds financed 19.7% of fiscal deficit in FY19 and are ...

Southern states must be given representation in finance panel: Krishna Byre Gowda  LivemintThe Centre needs to be attentive towards the needs of all states, and Karnataka is not being adequately understood.We are an upper riparian state and no one ...

A roadmap for 15th Finance Commission  BusinessLineSuccessive Finance Commissions (FCs) have kept the Indian federation going by judicating between the Centre and the States. As a non-political body above ...

The debt recast plan will be arrived at as per the RBI's revised circular on resolving asset quality stress, they said. The circular gives lenders a 30-day period since default to arrive at a debt recast plan.

The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh.

Budget Discussions May Start From July 8: Finance Ministry  NDTV NewsParliament is likely to start discussions on the general Budget on July 8 while voting on Demands for Grants will be between July 11 and 17 as the Narendra ...

The government is exploring various consolidation options, including merger of state-owned general insurance companies with New India Assurance, with a view to create synergy and unlock value.

Not all shadow bankers are in stress; HDFC, Bajaj Finance top bets  MoneycontrolNot all shadow bankers are in stress, the well-managed firms like HDFC, Bajaj Finance, etc. are able to raise funds from the market. Thus, investors are ...

Islamic banking can tap into new sources of finance  Deccan HeraldThe biggest problem with the term 'Islamic bank' is that it carries the word 'Islam.' It is almost like the elephant in the poem we read in school, of six blind men ...