Finance News

Fusion Finance targets 20-25% AUM growth as loan demand picks up in H2FY27

Fusion Finance expects loan demand to recover in H2FY27 as festive activity picks up, while weather-related disruptions may moderate its earlier Rs 10,000 crore AUM target.

Datanomics: Big-ticket bank frauds return, led by public sector banks

Frauds related to advances accounted for over 80 per cent of the amount in every year since FY19

NBFC gold loans rise 66% to ₹3.74 trillion as retail lending picks up pace

Outstanding gold loans at NBFCs rose 66.1 per cent year-on-year in September, outpacing other retail segments, while concerns emerged over lending to borrowers with overdue loans

Microfinance portfolio shrinks 5% YoY to Rs 3.28 trillion in September

On a sequential basis, the portfolio contracted 1.4 per cent, while active loans and the live customer base fell 6.5 per cent and 3.9 per cent, respectively.

Lack of green finance taxonomy hobbles India's net-zero ambitions

Mitigating climate-change risks could prove far tougher without a clear national taxonomy and cohesive regulatory guidelines to unlock capital

India's foreign exchange reserves drop by $2.69 billion to $717 billion

Experts attribute this decline to the deployment of the FCNR(B) resources and also to currency defence put up by RBI through dollar sales

UPI merchant charges: Can NPCI legally impose fees on businesses?

NPCI says merchant charges are important to sustain UPI, but the Supreme Court will analyse the legal basis of the levy, its validity and its impact on businesses

Rupee falls 9 paise to 94.50 against US dollar during early trade

The rupee depreciated 9 paise to 94.50 against the US dollar in early trade on Friday as the broad strength of the American currency in the overseas market dented investor sentiment.

Gold loan delinquencies doubled in five months amid sharp portfolio growth

Borrowers with multiple gold loans, smaller tickets and a history of missed payments are more vulnerable, says MD & CEO Bhavesh Jain

Rent or MDR? Traders unlikely to pay both as UPI fees reshape soundbox biz

Payment companies may shift from monthly soundbox rentals to transaction-based fees as UPI merchant charges take shape, with businesses unlikely to pay both costs

Planning to buy gold this Dhanteras? Experts advise caution amid volatility

Restore your target allocation to gold, maintain realistic return expectations, and be prepared for near-term volatility

Microfinance borrowers take bigger loans as ticket size rises 17.5%: CRIF

Average microfinance loan ticket size rose 17.5 per cent to ₹63,100 in Q2FY27, while disbursements grew 5.1 per cent despite a contraction in the industry's loan portfolio

Rupee falls 9 paise to 94.55 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.36, then fell to 94.55 against the US dollar, registering a fall of 9 paise from its previous close

Rupee likely to resume slide as foreign outflows keep pressure on currency

The median forecast of 37 strategists polled between November 2 ​and 4 was for the rupee, currently trading near 94.70 per dollar, to weaken to 96.00 by end-January ‌and 96.33 by end-April

RBI forms financial markets consultative panel headed by Dy Guv Rohit Jain

The committee will engage market participants on policy, liquidity, resilience, infrastructure and operational issues across money, government securities, forex and derivative markets

RBI crackdown on rupee bets drives India's dollar hedging to 8-month low

Buying of forward dollars, or commitments by companies to acquire the US currency at a later date, fell 35% in October from a record high the previous month to $49.5 billion

Rupee rises 14 paise to 94.61 against US dollar during early trade

In the interbank foreign exchange market, the rupee opened at 94.61 and went up to 94.50 before paring some gains to trade at 94.61 against the greenback, up 14 paise from its previous session

RBI to meet bank CEOs to review preparedness for ECL rollout: C S Setty

SBI estimates the impact of the transition, net of taxes, at Rs19,500 crore

Risk pricing, sound underwriting crucial to sustainable growth: RBI DG

RBI Deputy Governor Swaminathan J stressed sound underwriting, appropriate risk pricing, stable deposits and strong governance to ensure sustainable growth in banking

RBI eases reporting norms for small service exporters and importers

The RBI has simplified export declaration and import reporting requirements for small service transactions, with revised rules taking retrospective effect from October 1, 2026