Finance News

Microfinance sector posts Q4FY26 growth after eight quarters of decline

The microfinance sector's gross loan portfolio rose sequentially in Q4FY26, supported by higher loan originations, bigger ticket sizes and improving asset quality

Rupee falls 28 paise to 94.77 against US dollar amid West Asia conflict

At the interbank foreign exchange market, the rupee opened at 94.77 against the US dollar, registering a fall of 28 paise over its previous close

RBI not to consider fresh applications for full-fledged money changers

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

Rupee to trade around ₹95 per US dollar by 2026-end amid Iran war: BMI

However, slowing profit repatriation and central bank currency intervention will limit the pace of rupee depreciation, the Fitch group company said in a report

Rupee rises 23 paise to 94.95 against US dollar during early trade

Forex traders said oil prices fell to $108 per barrel, as signs of easing geopolitical tensions in the West Asia offset the lingering supply concerns

NPCI explores agentic AI layer for faster UPI compliance cycles

Currently, banks require four to eight weeks for certification with UPI's operating circulars (OCs) that NPCI releases from time to time

Sebi proposes allowing OBPPs to offer IFSCA products, tax-saving bonds

However, there is no provision to permit OBPPs to offer products or securities or services that are regulated by IFSCA

India's investment story stronger than it looks: RBI Deputy Governor

RBI Deputy Governor Poonam Gupta says India's growth and investment contribution are underestimated, while defending the current inflation target and policy continuity

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

Rupee hits record low of 95.43 per dollar as US-Iran strikes rattle markets

At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close

Rupee closes at new low of 95.09 vs US dollar amid crude price rise

The currency depreciated nearly 0.2 per cent on Monday to settle at new closing low of 95.09 against the US dollar

RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor

RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology

RBI cautions against unauthorised campaigns promising loan waivers

RBI warns borrowers against fraudulent loan waiver claims, urging them to approach authorised lenders directly and avoid misleading campaigns that may cause financial loss

Light-touch supervision may mask risks, warns RBI's Swaminathan J

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

Like-for-like GST growth slips to five-year low of 5.57% in FY26

GST collections growth slowed to a five-year low in FY26, with import revenues outpacing domestic demand, rising refunds, and uneven state performance signalling deeper structural shifts

Bolstering mechanism for timely dues can give MSMEs a leg up in tough times

RBI's proposed TReDS reforms aim to ease MSME onboarding, improve credit flow and reduce payment delays, strengthening working capital access in uncertain times

Latest RBI rules for shadow lenders may put Tata Sons IPO on radar

The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds

Rohit Jain appointed RBI Deputy Governor for 3 yrs, to succeed Rabi Sankar

Jain has, over a span of about three decades, served in supervisory, human resource management, banking, and other areas in the Reserve Bank

India can grow above 7.5% without stoking inflation: RBI Deputy Governor

Reserve Bank of India says India can sustain over 7.5% growth without inflation, backed by strong BoP fundamentals and effective policy transmission