Finance News

State Bank of India raises ₹500 mn through bonds from overseas investors

State Bank of India, acting through its London branch, has raised USD 500 million by issuing bonds at a coupon rate of 5.25 per cent.

RBI Governor highlights central banks' role in price, financial stability

RBI Governor Sanjay Malhotra said cooperation among BRICS central banks is crucial to building a resilient, efficient and inclusive global financial system.

CAG flags 'unhealthy trend' of Railways repaying IRFC from budget grants

The auditor said repayment of IRFC lease charges from budgetary support could deprive the Railways of funds for capital works, while also flagging delays in safety projects

RBI draft lending norms may speed up rate transmission, limit flexibility

Brokerages expect the RBI's proposed lending rate framework to improve transparency and speed up transmission, while restrictions on spread changes could limit lenders' pricing flexibility

Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

The fintech expects at least 5 million users to get onboarded on the platform to access products like credit line on UPI or credit cards on UPI over the next five years, said Sumeet Basrani

Is free UPI viable? Pricing vital for digital public infra's future

The debate over UPI pricing is shifting as zero-MDR strains the ecosystem, raising questions over who should bear costs and whether a calibrated MDR can sustain digital public infrastructure

Sebi proposes mandatory 'Credit Risk-o-Meter' for debt securities

Under the proposal, issuers and online bond platform providers (OBPPs) would be required to display the Credit Risk-o-Meter in offer documents, abridged prospectuses, private placement memorandums

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

Rupee falls 7 paise to 95.40 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.40, registering a fall of 7 paise from its previous close

Why India keeps selling stakes in PSUs instead of privatising them

India is selling PSU stakes, but rarely giving up control. Why has the government chosen disinvestment over full privatisation? Experts explain

Paytm CEO, CFO get Sebi notice over 2023 disclosure curbing small loans

The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the ‌Reserve Bank of India tightened rules on consumer lending

RBI draft rules on interest rates: External benchmark optional for NBFCs

The proposed harmonised framework requires banks to link certain floating-rate loans to external benchmarks while giving NBFCs and other lenders discretion over adoption

Rupee falls 6 paise to 95.42 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.40 before slipping further to 95.42, down 6 paise from its previous close

US crypto Bill exposes India's virtual digital asset regulatory gap

US moves to advance a landmark crypto bill as India weighs a statutory framework for virtual digital assets, with a parliamentary panel seeking interim SRO-based oversight

Harness AI, build human oversight: RBI Governor Sanjay Malhotra to banks

Malhotra says Brics discussing linking fast payments with digital currencies

Fintech firms Paytm, Pine Labs double down on adding sales employees

Comes at a time when maintaining merchant relationships becomes a paramount priority

Oil-and-gas PSUs see first Q1 capex decline in at least five years

Combined capital expenditure by 12 oil and gas PSUs fell 3.8 per cent to Rs 27,161 crore in Q1FY27, led by sharp declines at ONGC and Indian Oil, though experts see the dip as temporary

NaBFID, IIFCL, NIIF merger plan stuck amid inter-departmental reluctance

A proposal to bring three major infrastructure financing institutions under common management remains stalled despite overlapping mandates, similar government backing and growing capital needs

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

'More than we can handle': StanChart's PD Singh on FCNR deposits

"We are in a very critical phase where foreign capital will find its way to India if we are able to articulate the benefits we have," Singh said