Finance News

RBI to ban private equity firms from controlling multiple non-bank lenders

Indian ‌banks and non-bank lenders have seen a rush of foreign investor interest as demand for credit in the economy remains strong and loan delinquencies remain low

Rupee falls 6 paise to 93.77 against US dollar during early trade

In the interbank foreign exchange market, the rupee opened at around 93.73, then touched 93.77, down 6 paise from its previous closing level

Banks push fintechs to plug fraud risks amid surge in digital payments

Banks are tightening merchant onboarding and payout checks at fintech firms amid rising cyber fraud risks and record digital payment volumes during the festive season

Cabinet extends Mudra credit guarantee scheme till 2031 with ₹5,000 cr

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 jumps 32% on Diwali driven by last-minute festival buying

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

Banks to plough back UPI MDR gains into tech, security, merchant expansion

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

RBI extends supersession of Abhyudaya Co-op Bank board by another year

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

Microfinance lenders expect H2 disbursements to rise on seasonal demand

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

RBI's $239 bn forward dollar position to limit rupee gains: Report

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

Rupee rises 24 paise to 93.74 against US dollar during early trade

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

Short-term bonds may underperform as rate hikes, cash squeeze loom

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 targets 20-25% AUM growth as loan demand picks up in H2FY27

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.

Datanomics: Big-ticket bank frauds return, led by public sector banks

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

NBFC gold loans rise 66% to ₹3.74 trillion as retail lending picks up pace

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

Microfinance portfolio shrinks 5% YoY to Rs 3.28 trillion in September

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.

Lack of green finance taxonomy hobbles India's net-zero ambitions

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

India's foreign exchange reserves drop by $2.69 billion to $717 billion

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

UPI merchant charges: Can NPCI legally impose fees on businesses?

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

Rupee falls 9 paise to 94.50 against US dollar during early trade

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.

Gold loan delinquencies doubled in five months amid sharp portfolio growth

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