Page 7 - Finance Sector

RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August

If the inflation remains above 6% on average for the next three months, the RBI will have to explain to the govt in writing the reasons for its failure to keep the rate of price rise in check

Spacs and other fads of high finance

A particular organisational innovation of the past has been resurrected recently, namely, the special purpose acquisition company (Spac)

Lessons from a tax cut

Fears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated

Banks flag concerns on rupee, floating rate bonds ahead of RBI policy

The discussions were held ahead of the RBI's next monetary policy statement, scheduled August 5

Explained: What is a credit score, why is it important & how to improve it

A credit score is among the first things a financial institution would check in order to sanction a loan

Spandana Sphoorty to raise Rs 4,000 cr in bonds in FY23, eyes to double AUM

MFI will focus on seven states for incremental AUM of Rs 6,000-7,000 crore

Going on eighty: Rupee continues to test new lows against US dollar

It's too early to say if the central bank's recent measures will offer relief any time soon

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow

Unacademy 'not efficient' in finances, will shut some businesses: CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

Negative interest rate and financial repression

Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?

TVS Motor to ride strong on profitability gains in FY23: Brokerages

Volume recovery, market-share gains, and EV plans are other triggers

Muthoot Finance gets RBI approval to open 150 new branches across India

Gold financing company says it will hire 600 more people for the expansion

Pre-paid card comeback may have bolstered the case for NBFCs' plastic play

With pre-paid card players back at the drawing board, the case for the entry of NBFCs into plastic may have got stronger

SBI to scale up gold loan business, start premium banking services

SBI agriculture cold loan portfolio increased to Rs 73,601 crore in FY22 from Rs 66,878 crore in FY2021 and personal segment, the gold loans book expanded by 9.89 per cent YoY to Rs 23,063 crore

Shriram Group well on course for merger of two firms via tech integration

Group chief digital officer says the conglomerate is working on one of the country's largest super apps by bringing the products of all associate concerns under one umbrella

SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

Credit card spend hits new high in May; bounce rates by value at 3-year low

Bounce rates by value at three-year low

Investors who have a long horizon should wait for crypto prices to recover

Those who don't anything to do with this highly volatile asset class may also throw in the towel

AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover

Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ambitions

Fitch revises outlook on domestic lenders to 'Stable', affirms IDRs

Action follows upgrade in outlook on India's Sovereign rating