Finance News

The revised SOP allows AMCs greater flexibility in handling address, name and signature mismatches to ease transmission of mutual fund units after an investor's death

At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close

The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures

The retirement fund body says drafting inconsistencies in the Employees' Provident Fund Scheme, 2026 created ambiguity and do not reflect any policy change for international workers

Funding in India's fintech sector rose 42 per cent year-on-year to $2 billion in H1 2026, with late-stage companies accounting for four-fifths of the total capital raised

Banks must dispose of immovable assets acquired in satisfaction of bad loans within seven years through public auction under the RBI's revised prudential framework

NISM has introduced a combined certification examination for mutual fund and Specialised Investment Fund distributors, simplifying the qualification process

Sector's earnings jumped 22% in FY25 to ₹1.03 trillion

Paytm will consider its first-ever bonus share issue on July 20 after reporting its maiden annual profit, alongside Q1 FY27 earnings and growth guidance

A higher index means the inflation-adjusted cost of acquiring an asset will be higher than it was in FY26

At the interbank foreign exchange, the rupee opened at 96.28 against the greenback before slipping further to 96.31 from its previous close

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

Crisil says India's debt capital market must deepen to support the Viksit Bharat vision, with India Inc expected to require Rs 130-140 trillion in debt funding over FY27-31

The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight

EPFO said nearly half of EPF members retire with just Rs 10,000-20,000 in their provident fund accounts, prompting the introduction of a mandatory minimum balance under the new scheme

The RBI and UAE central bank are discussing regulatory hurdles as India seeks to attract more foreign-currency deposits from NRIs to strengthen forex reserves

The rupee ‌closed at 96.2550 per dollar, little changed from its close at 96.20 in the previous session

At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals