Finance News
RBI cancels Paytm Payments Bank licence; cites governance lapses
Regulator cites governance concerns; says bank has sufficient liquidity to repay all deposits upon winding up and will approach High Court
 "RBI cancels Paytm Payments Bank licence; cites governance lapses")
Gap between ATM withdrawals and cash in circulation widens, says SBI
Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record highs
 "Gap between ATM withdrawals and cash in circulation widens, says SBI")
IDBI Bank disinvestment process to continue: FM Nirmala Sitharaman
Sitharaman says IBA committee will look into issues of distribution tieups of banks for third-party products
 "IDBI Bank disinvestment process to continue: FM Nirmala Sitharaman")
RBI cancels licence of Paytm Payments Bank, cites compliance issues
In January 2024, the RBI directed the bank to stop accepting new deposits, citing non-compliance with rules related to customer due diligence, use of funds and technology systems
 "RBI cancels licence of Paytm Payments Bank, cites compliance issues")
Rupee declines 24 paise to 94.25 against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the same level in early deals, registering a loss of 24 paise from the previous closing level
 "Rupee declines 24 paise to 94.25 against US dollar in early trade")
RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin
During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January
 "RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin")
Net FDI turns positive in Feb after six consecutive months of decline
Net FDI stood at $4.6 billion in February, compared with a negative $703 million in February 2025. In January 2026, net FDI was negative $1.4 billion
 "Net FDI turns positive in Feb after six consecutive months of decline")
Flow in NRI deposits drops 24% to $11.04 bn in Apr-Feb 2026: RBI data
The total outstanding NRI deposits stood at $167.58 billion as of the end of February 2026
 "Flow in NRI deposits drops 24% to $11.04 bn in Apr-Feb 2026: RBI data")
BII launches £1.1 bn British Climate Partners for Asia energy transition
British International Investment's £1.1bn initiative aims to mobilise private capital for climate projects across India and South-East Asia, targeting emission reduction and energy transition
 "BII launches £1.1 bn British Climate Partners for Asia energy transition")
Rupee slides 34 paise to 94.12 against US dollar during early trade
The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency
 "Rupee slides 34 paise to 94.12 against US dollar during early trade")
Govt's digital currency push targets inefficiencies in welfare system
Indian authorities are working to establish use cases in the farm and subsidised food distribution sectors, where welfare often struggles to make it to the right recipients.
 "Govt's digital currency push targets inefficiencies in welfare system")
Financial literacy gap flips script: Rajasthan edges ahead of Gujarat
A study by IIM Udaipur finds households in Gujarat and Rajasthan save regularly but lag in investing and retirement planning, highlighting gaps in financial capability
 "Financial literacy gap flips script: Rajasthan edges ahead of Gujarat")
Short-term fluctuations, including FDI outflows closely monitored: RBI Guv
He was speaking at a round-table hosted by Consulate General of India in New York on Monday
 "Short-term fluctuations, including FDI outflows closely monitored: RBI Guv")
RBI draft norms recast PPI rules, tighten limits and interoperability
RBI proposes new PPI norms to tighten risk controls, enable interoperability with UPI and cards, and streamline wallet classification
 "RBI draft norms recast PPI rules, tighten limits and interoperability")
Committed to a single global dollar-rupee market: RBI dy guv Sankar
RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation
India likely to breach budgeted fiscal deficit target for FY27: BMI
The government in 2026-27 Budget had projected a 4.3 per cent fiscal deficit, a tad lower than 4.4 per cent as per revised estimates for 2025-26
 "India likely to breach budgeted fiscal deficit target for FY27: BMI")
Rupee falls after RBI partially rolls back forex curbs on derivatives
Currency weakens to 93.50 against dollar as RBI eases curbs on derivative trades, while oil prices and global factors continue to weigh on sentiment
 "Rupee falls after RBI partially rolls back forex curbs on derivatives")
RBI allows issuers to map existing e-mandates if cards are reissued
The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said
Five states exceed borrowing plan, raise ₹16,900 crore at auction
State borrowing exceeds calendar estimate at weekly auction, with five states raising Rs 16,900 crore and SDL yields set at 7.64 per cent
 "Five states exceed borrowing plan, raise ₹16,900 crore at auction")
RBI partially eases rupee NDF curbs on banks after market stability
Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline