Page 5 - Anupreksha Jain

Banks need reforms, deeper debt mkts for next growth phase: Deepak Parekh

Former HDFC chairman Deepak Parekh says India must pursue fresh banking reforms, deepen debt markets and broaden capital sources to finance long-term economic growth

RBI sets compliance blueprint for AI-driven finance under draft framework

The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications

RBI withdraws concentration-risk exemptions for govt-owned NBFCs

The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers

Gold loans increasingly used for short-term liquidity needs: Experian India

Gold loans in India are increasingly used for short-term funding as tenures shrink, ticket sizes rise, and asset quality improves across lenders

RBI aligns prudential norms for UPI-linked credit lines with base loans

Central bank says prudential treatment of payment-linked credit facilities will depend on the nature of the underlying loan, irrespective of delivery mode

Net FDI jumped over fourfold to $6.58 billion in April, shows RBI data

Gross FDI inflows rose 65 per cent year-on-year, while lower repatriation by foreign investors helped push net foreign direct investment sharply higher

Markets hope for weekly update of FCNR (B) inflows under swap scheme

Market participants expect the RBI to disclose FCNR(B) inflow data regularly after asking banks to submit daily figures under the special concessional scheme

Banks told to report daily FCNR (B), ECB inflows under RBI swap facility

Banks have been asked to furnish daily details of FCNR(B) deposits, ECBs and OFCBs mobilised under the RBI's concessional swap facilities announced on June 8

RBI move to remove FCNR(B) deposit rate cap opens room for further hikes

Banks, especially smaller lenders, may raise FCNR(B) deposit rates further after RBI temporarily removed the interest-rate ceiling on select maturities

Tata Capital board approves proposal to raise ₹36,000 cr via NCDs

Company plans to raise funds through multiple debt instruments, including secured and unsecured NCDs, perpetual debt and green bonds, subject to shareholder approval

Agriculture ministry sounds El Niño alarm; MFIs step up rural credit vigil

As the Centre warns of a severe El Niño impact in 12 states, microfinance lenders are intensifying vigilance to protect collection gains

RBI tightens norms on bundled products; lenders to refund for mis-selling

New framework mandates explicit customer consent, bans dark patterns and requires lenders to compensate customers in cases of mis-selling

India's forex reserves decline by $711 million in week ended June 5

India's foreign exchange reserves fell by $711 million to $681.61 billion in the week ended June 5, as a decline in foreign currency assets outweighed gains in gold reserves

NBFC balance sheets may reach ₹93 trillion by FY28, says Brickwork Ratings

Brickwork Ratings expects NBFC balance sheets to expand to ₹92.9 trillion by FY28, while warning of rising stress in unsecured and rural credit segments

Scheme's validity extended: MFI credit lifeline may gain traction

The microfinance industry body expects stronger participation in the government's credit guarantee scheme after its validity was extended to August 31, 2026

Early-stage stress resurfaces in microfinance amid cautious lending trends

While overall asset quality improved in April, a rise in early delinquencies and slower loan disbursals indicate lenders remain focused on portfolio discipline

RBI's special ECB window may attract up to $20 billion in overseas inflows

State-owned entities are expected to lead fundraising under the RBI's concessional swap facility, with market participants estimating inflows of $15-20 billion

RBI's bulk deposit proposal paves way for risk-based pricing by banks

Draft framework would allow lenders to align deposit rates with liquidity costs under LCR norms, improving pricing efficiency and balance-sheet management

Have enough currency stocks to replenish ATMs: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank has adequate currency stocks and will ensure prompt replenishment wherever ATMs face cash shortages

Gross FDI may cross $100 billion in FY27: RBI Deputy Governor Poonam Gupta

Gross FDI inflows may surpass $100 billion in FY27, RBI Deputy Governor Poonam Gupta said, citing strong investment momentum despite global uncertainty