Finance News

The Cabinet has extended the Credit Guarantee Fund for Micro Units till March 2031 with a ₹5,000 crore corpus, aiming to facilitate ₹12.6 trillion in loans under the Mudra scheme.

UPI volume increased to 916.9 million on November 8 from 695.7 million transactions on the same day last year, according to data released by the NPCI

SBI, Axis Bank and Bank of Baroda plan to reinvest proceeds from the proposed UPI MDR levy in technology, security, infrastructure and merchant expansion rather than boost profits

The RBI has extended the supersession of Abhyudaya Co-operative Bank's board by another year from November 24, 2026, as the lender reports improved profitability and asset quality

CreditAccess Grameen, Satin Creditcare and Muthoot Microfin expect stronger disbursements in H2FY27, supported by seasonal demand and recovery in weather-affected markets

The report said the rupee could see near-term appreciation if US-Iran tensions ease further and American AI stocks correct

In the interbank foreign exchange market, the rupee opened at around 93.85, then gained ground to touch 93.74, up 24 paise from its previous session's closing level

The Reserve Bank of India may raise interest rates by as much as 75 basis points in the coming months, adding to a 25-basis-point hike on Oct. 7

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.

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

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

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.

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

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

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

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.

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

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

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

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