Finance News

RBI pilot to boost SDL liquidity; impact on yields likely to be gradual

States and Union territories plan to raise up to ₹2.54 trillion through SDLs in the first quarter of FY27, lower than market expectations of up to ₹3 trillion

ARCs likely to see improved growth in AUM in FY27 amid West Asian conflict

Asset reconstruction companies are likely to see steady AUM growth in FY27, driven by stress in MSMEs and retail segments amid geopolitical tensions and interest rate concerns

Money in, money out: Negative net inflows pull down India's FDI status

Rising repatriation is outpacing overseas spending.

RBI retains bond structure, upgrades operations for savings bonds

Reserve Bank of India keeps bond structure intact but tightens rules with digital access, investor safeguards and stricter compliance norms

Formal credit deepens reach as informal borrowing drops to 1%: Survey

NCAER-MFIN survey shows sharp fall in informal borrowing and full digitalisation of loan disbursements, with most loans now used for income-generating activities

MSME working capital drawdowns rise as West Asia crisis stretches

MSMEs see higher working capital drawdowns as West Asia conflict strains cash flows, with delayed receivables and rising costs expected to impact portfolios in coming quarters

RBI allows residents to exchange rupee notes at airport forex counters

RBI permits residents to exchange rupee notes at forex counters in airport departure areas, extending a facility earlier largely limited to non-residents

Govt to forego over $190 million in revenue after ending petchem import tax

The decision to end the levy came as the government invoked emergency powers and diverted local chemicals for production of cooking gas to address shortages

IBC Bill passed; FM highlights land authorities can join CoC meetings

Parliament passes IBC Bill allowing land authorities in CoC meetings, with around 50,000 homebuyers expected to benefit from pending real estate cases

Rupee set for more chaos as banks unwind $30 billion in arbitrage trades

RBI's clampdown on rupee trades sparks market panic, volatility spikes, and banks scramble to unwind billions in arbitrage positions

Rupee may slip further to 97/$ if West Asia war prolongs: BS poll

Don't expect rapid, drastic reversal even if calm returns, say experts

RBI delay on capital market norms offers relief, but uncertainty lingers

RBI defers capital market exposure norms by three months to July, offering brokers temporary relief even as concerns over proprietary trading and lending rules persist

RBI's short forward book hits $77 billion, highest since March 2025

Central bank's net short dollar position in forward market rises sharply in February, with long-term tenures driving the increase

BFSI firms use AI, but only a handful track its impact on revenue

AI adoption is widespread in BFSI firms to improve efficiency, but most companies lack mechanisms to track its revenue impact, limiting its role in driving measurable business outcomes

NBFCs lead March CP issuances; corporate borrowing may ease in FY27: Ind-Ra

March typically marks the peak funding requirement period for NBFCs, and their demand has remained strong despite the rise in yields, the report noted

CoC must list reasons for approving resolution plan in new IBC Bill: FM

The amended IBC Bill requires the Committee of Creditors to record reasons for selecting resolution applicants, while introducing timelines for NCLAT and faster approval of plans

RBI defers acquisition financing, capital market norms to July 1

Central bank extends deadline by three months after industry flags operational and interpretational issues; also clarifies rules on acquisition finance and capital market exposure

Banks' gold loan portfolio surges 128% in February, shows RBI data

Gold loans drive retail credit growth, with bank lending against jewellery doubling year-on-year in February, sharply outpacing overall retail loan expansion

All banking cos to deduct TDS on interest income beyond Rs 50,000 a year

In a post on X, the IT department said under Section 402 of the new Income Tax Act, 2025, a "banking company" refers to a company to which the provisions of the Banking Regulation Act, 1949, apply

RBI injects ₹84,582 crore in banking system in two variable repo rate

The RBI injected another Rs 34,581 crore at 5.26 per cent cut-off and 5.30 per cent weighted average rate at an auction later during the day