RBI imposes Rs 46 lakh penalty on three firms for non compliace

The Reserve Bank of India (RBI) fined Citibank NA, JM Financial, and Asirvad Micro Finance for regulatory non-compliance. Citibank was penalized Rs 39 lakh for credit data breaches, JM Financial fined Rs 1.5 lakh for non-disclosure of interest rate rationale, and Asirvad Micro Finance fined Rs 6.2 lakh for failing to report borrower income and other omissions. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/H4Dpv...

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Bank credit and deposit growth tumbles down in third quarter of FY25: RBI

Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, while public sector lending picked up. Term deposits grew significantly, driven by higher interest rates and large-value deposits. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KW2Ac...

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NSDL aims to launch Rs 3,000-crore IPO by next month: Official

NSDL aims to launch its Rs 3,000-crore IPO by next month, racing against a nearing deadline for approvals. The IPO, set to expire in September, sees support from NSE, SBI, and HDFC Bank offloading their shares. Despite market volatility, NSDL reports a 30% increase in net profit for the December quarter, signaling strong financial performance. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hoTbr...

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UPI users take note! Google Pay introduces convenience fee for these transactions

Google Pay has begun implementing a convenience fee on utility bill payments made using credit and debit cards, charging between 0.5% and 1% plus GST. This move signifies a trend towards monetising UPI transactions to recover payment processing costs. UPI-linked bank account payments remain fee-free. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Mcdsf...

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Top stocks to buy today: Stock recommendations for February 20, 2025

Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group recommends buying Axis Bank, Bajaj Finance, and JSW Steel stocks today. Nifty and Bank Nifty have shown signs of recovery after recent lows. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uSiHC...

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Mcap of BSE listed firms falls Rs 400 lakh crore mark as Dalal street ends in red

BSE market capitalisation fell below Rs 400 lakh crore due to foreign fund outflows and disappointing corporate earnings. Major losers included IndusInd Bank and ITC, while NTPC and Tech Mahindra gained. The small-cap index dropped 1.71 per cent. Sector-wise, utilities and IT gained, whereas industrials and auto sectors suffered losses. Mixed performances were seen across the market. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.t...

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Buy calls: Top stock recommendations for February 18, 2025

Somil Mehta of Mirae Asset Sharekhan recommends buying IndusInd Bank and Cipla stocks. IndusInd Bank's key support levels are 1013 and 1005, targeting 1150, while Cipla's key support levels are 1438 and 1406, targeting 1545. Both stocks show positive momentum indicators. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L9kva...

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Government considers hike in bank deposit cover

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aW5KT...

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SBI lowers interest rates on several new retail, biz loans

State Bank of India (SBI) reduced interest rates on new retail and business loans tied to external benchmarks, following the RBI's repo rate cut. Home loan rates now range from 8.25% to 9.2% based on credit scores. Business loan rates will depend on deposit rate adjustments. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Gbz6d...

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New India Cooperative Bank fraud: General manager remanded in police custody until February 21

A Mumbai court has remanded Hitesh Mehta, a former general manager of New India Cooperative Bank, and Dharmesh Paun in police custody until February 21 for allegedly misappropriating Rs 122 crore. The Reserve Bank of India has taken control of the bank's board and imposed withdrawal restrictions amid ongoing investigations. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U8T4l...

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