Why Raghuram Rajan, former RBI governor, is not ‘ concerned’ about rupee hitting all time low, ET BFSI
With rupee weakening to all-time low, Former Reserve Bank of India chief Raghuram Rajan has expressed that there is no need to be ‘overly concerned’ about the big slide. “The…
Rupee falls 7 paise to 85.75 against US dollar in early trade, ET BFSI
Mumbai, The rupee depreciated 7 paise to 85.75 against the US dollar in early trade on Tuesday, dragged down by a strong American currency and sustained outflow of foreign funds.…
Remittances via payment vehicles plunge as KYC norms get tougher, ET BFSI
Mumbai: Intra-country remittances through payment vehicles have dropped nearly 25-30% in November and December after the Reserve Bank of India (RBI) directed lenders to maintain detailed records of recipients, industry…
Rs 1 lakh cr of AIF investments structured to circumvent financial regulations: Sebi’s Narayan, ET BFSI
Mumbai, About a fifth of all investments by AIFs has been structured to circumvent existing financial regulations like the ones on non-performing assets classification, Sebi‘s whole-time member Ananth Narayan G…
DoE instructs schools to avail financial assistance to minority students under EBM scheme, ET BFSI
New Delhi, The Delhi Directorate of Education (DoE) has directed school heads to collect and upload details of minority students for financial assistance under the “Financial Assistance for Educationally and…
Cars24’s net loss grows 6.4 pc to Rs 498 crore in FY24, BFSI News, ET BFSI
New Delhi, Online pre-owned car retailer platform Cars24 has reported a loss of Rs 498 crore in the last financial year (FY24), compared to Rs 468 crore in FY23, which…