Finance news

The pace of growth in unsecured retail credit has also reduced to 25% from peak levels of ~35% observed during FY19.

Developed Countries Need to Do More for Climate Finance: Economic Survey  The WireUnder the Paris Agreement, developed countries had agreed to provide financial support to developing countries to deal with the impacts of climate change and ...

Positive outlook on ICICI Bank, SBI. Yes Bank to have the most challenging quarter while there will be focus on asset quality for IndusInd Bank and RBL Bank

Essel groups plan to acquire 62% stake in LKP Finance dealt a blow  Business StandardEssel group's plan to acquire 62 per cent stake in LKP Finance has been dealt a blow following the change in liquidity position, said people in the know.

Finance Ministry holds halwa ceremony before budget printing| See pics  India TodayAfter the Halwa ceremony, more than 100 officials of Finance Ministry will stay in Budget printing press till Finance Minister's Budget Speech is over. (Photo ...

Twitter Gaffe: Finance Ministry retweets wrong fiscal deficit number, sends pundits into a tizzy  The Financial ExpressEconomic Survey 2019: A retweet by the finance ministry Thursday morning put the fiscal deficit number for FY 2018-19 at an alarmingly high level of 5.8% of the ...

Finance Minister has no leeway to offer any big surprises in Budget: Economists  Economic TimesInvestors and the market should not expect any big surprises from the first Budget by the first woman finance minister Friday, economists at largest private sector ...

Fifteenth Finance Commission Seeks for Regular Dialogues with GST Council  News18Bhopal: Given the impact of its tax reviews on the states' revenue receipts, the 15th Finance Commission has sought regular dialogues with the GST Council, the ...

Indian Economic Growth on 'Upward Trajectory' , Says Former Finance Minister  News18New Delhi: Former Finance Minister Arun Jaitley on Thursday said Indian economic growth graph was on an upward trajectory after past policy uncertainties ...

Ktaka CM thanks Finance Minister for move on RRB exams  Business StandardKarnataka Chief Minister H D Kumaraswamy Thursday thanked Union Finance Minister Nirmala Sitharaman for the decision on conducting regional rural banks ...

World's first green bonds scheme to finance responsible soy production in Brazil launched  UN EnvironmentLONDON, 4 July 2019- The world's first financial facility to offer green bonds for sustainable soy production in Brazil was launched today at London Climate ...

ICICI Bank partners with IndoStar Capital to finance commercial vehicles  Times of IndiaIndia Business News: ICICI Bank has announced its partnership with non-banking finance company IndoStar Capital Finance Ltd (IndoStar) to finance small and ...

Centre cuts reliance on market borrowings to finance fiscal deficit  Business StandardMarket borrowings, which have traditionally been the largest source to finance the Central Government's fiscal deficit, have had their share eroding the past four ...

L&T Finance unit to raise $550 million in IFC-led investment round  LivemintBENGALURU: A unit of L&T Finance Holdings Ltd will raise $550 million in an investment round led by World Bank Group member International Finance ...

Finance Ministry makes progress in strategic sale of 28 Central Public Sector Enterprises  The HinduThe Department of Investment and Public Asset Management had raised about ₹85000 crore from CPSE disinvestment in 2018-19.

Astana Finance Days convention showcases Kazakhstan's financial potential  World FinanceThe Astana Finance Days (AFD) conference, held in Nur-Sultan, the capital of Kazakhstan, came to a close on July 4, with the city reaffirming its aim of becoming ...

Economic Survey 2019: "Such a stance can help India leapfrog to utilise the benefits of technological advances for the welfare of its people. In the spirit of the Constitution of India, data 'of the people, by the people, for the people' must therefore become the mantra for the government," it said in a full chapter dedicated to data.

Union Budget 2019-20: How to better understand the Finance Bill and Financial Statement  Forbes IndiaThe Union Budget is the annual financial statement that contains the government's revenue and expenditure for a fiscal year.

Ex-British finance chief Osborne eyes IMF role: media  Business StandardFormer British finance minister George Osborne is lining up a bid to replace Christine Lagarde as head of the International Monetary Fund, UK newspapers ...

If I were the Finance Minister…….  BW BusinessworldCorporate India seeks a clear set of rules and guidelines, relevant to today's digital and borderless economies that allow us to move rapidly in the pursuit of ...

A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo.

S Korea finance minister warns of countermeasures against Japan  Aljazeera.comSouth Korea threatens to counter Japan's restrictions on materials used in mobile phones as wartime dispute simmers.

GIFT City anchors big global finance deals  Economic TimesMumbai: Banking transactions in the past two years surged more than three times to $22 billion in FY19 at the International Financial *Service* Centre (IFSC) of ...

These loans would have turned non-performing assets (NPAs) a long time ago had the Reserve Bank of India (RBI) not given banks a breather.