MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report
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The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan
What lies ahead for microfinance institutions after pandemic disruption?
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During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing
SIDBI launches second window of Swavalamban Challenge Fund
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Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.
RBI remains net purchaser of US dollar in September, says report
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The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased USD 791 million on the net basis from the spot market, RBI data showed
India better positioned to face external shocks: RBI deputy governor Patra
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India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the Covid and the inevitability of climate change, Michael Debabrata Patra said
What is e-RUPI and how can it plug leakages in direct benefits transfer?
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The govt recently launched e-RUPI vouchers to transfer the benefits of its welfare programmes. A person- and purpose-specific digital payment system, it does not require beneficiaries to a smartphone
Will RBI's Retail Direct scheme spur retail investor interest in bonds?
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The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious
IT department sets up Taxpayers' Lounge at IITF till Nov 27
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The Income Tax department on Sunday set up a 'Taxpayers' Lounge' at the India International Trade Fair, seeking to promote trust and fostering awareness.
Central Board of Direct Taxes Chairman J B Mohapatra inaugurated the Taxpayers' Lounge to increase aware
Insurance products preferred financial tools to meet future goals: Survey
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Insurance products emerged as the preferred choice of investments for parents, as they consider these as low-risk and reliable financial tools to meet future goals, according to a survey.
Two RBI schemes launched by prime minister to deepen bond market: Experts
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Two innovative, customer-centric schemes launched by Prime Minister Narendra Modi on Friday will result in deepening the bond market by broadening the base of investors, experts said
India's forex reserves decline $1.14 billion to $640.8 billion
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India's forex reserves decreased by USD 1.145 billion to USD 640.874 billion for the week ended on November 5 on a fall in currency and gold assets, the Reserve Bank said on Friday.
The overall reserves had increased by USD 1.919 billion to USD 642.019 billi
RBI Retail Direct Scheme: Individuals can now directly buy T-bills, G-Secs
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Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds and state development loans from primary as well as secondary markets, thanks to RBI Retail Direct Scheme
Ombudsman scheme to provide cost-free redress of customer complaints: RBI
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The Integrated Ombudsman Scheme, 2021, will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by the RBI
Rupee gains 7 paise to close at 74.45 against US dollar
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The rupee strengthened by 7 paise to close at 74.45 (provisional) against the US dollar on Friday, as a firm trend in domestic equities boosted investor sentiments.
Retail direct, integrated ombudsman scheme will make country stronger: Modi
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Through retail direct, an individual investor can directly invest in G-secs, in a system facilitated by the RBI, without any fees, and without the need for a fund manager
PM Modi to launch RBI's retail direct and integrated ombudsman schemes
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Billed as gamechangers, the two schemes may go a long way in changing how the household sector invests and complains if anything goes wrong with their savings
Auto debit bounce rates drop further in October to touch pre-Covid levels
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NACH data shows that of 86.6 mn transactions in October, 27 mn or 31.24% failed while 59.52 mn went through; In value terms, 24.83% of the transactions declined in October, lowest since Jan 2020
Rupee falls 20 paise to 74.54 against the US dollar in early trade
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The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar
India better placed now than in 2013 to face taper tantrum: RBI Governor
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Excise duty cut, VAT reduction on fuels are significantly positive for inflation, says RBI Governor Shaktikanta Das at a fireside chat as part of BS BFSI Summit
RBI lifts restrictions on Diners Club, allows onboarding of fresh customers
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RBI had barred Diners Club from onboarding fresh customers from May 1 and said the restrictions would remain in place till the card issuer met RBI norms on local data storage
HSBC explores India private banking re-entry 6 years after calling it quits
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HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players
RBI's revised regulatory framework for NBFCs: Is it the right approach?
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NBFCs play an important role in facilitating credit to the specific sectors along with banks and thus the resilience of the sector is imperative for ensuring India's financial and economic development
18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe
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Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium
Rupee gains 43 paise to close at 74.03 against US dollar
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The rupee gained 43 paise to close at 74.03 (provisional) against the US dollar on Monday as positive domestic equities and a dovish outlook of US Federal Reserve supported the local unit
