Finance News

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

Rupee falls 7 paise to 95.40 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.40, registering a fall of 7 paise from its previous close

Why India keeps selling stakes in PSUs instead of privatising them

India is selling PSU stakes, but rarely giving up control. Why has the government chosen disinvestment over full privatisation? Experts explain

Paytm CEO, CFO get Sebi notice over 2023 disclosure curbing small loans

The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the ‌Reserve Bank of India tightened rules on consumer lending

RBI draft rules on interest rates: External benchmark optional for NBFCs

The proposed harmonised framework requires banks to link certain floating-rate loans to external benchmarks while giving NBFCs and other lenders discretion over adoption

Rupee falls 6 paise to 95.42 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.40 before slipping further to 95.42, down 6 paise from its previous close

US crypto Bill exposes India's virtual digital asset regulatory gap

US moves to advance a landmark crypto bill as India weighs a statutory framework for virtual digital assets, with a parliamentary panel seeking interim SRO-based oversight

Harness AI, build human oversight: RBI Governor Sanjay Malhotra to banks

Malhotra says Brics discussing linking fast payments with digital currencies

Fintech firms Paytm, Pine Labs double down on adding sales employees

Comes at a time when maintaining merchant relationships becomes a paramount priority

Oil-and-gas PSUs see first Q1 capex decline in at least five years

Combined capital expenditure by 12 oil and gas PSUs fell 3.8 per cent to Rs 27,161 crore in Q1FY27, led by sharp declines at ONGC and Indian Oil, though experts see the dip as temporary

NaBFID, IIFCL, NIIF merger plan stuck amid inter-departmental reluctance

A proposal to bring three major infrastructure financing institutions under common management remains stalled despite overlapping mandates, similar government backing and growing capital needs

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

'More than we can handle': StanChart's PD Singh on FCNR deposits

"We are in a very critical phase where foreign capital will find its way to India if we are able to articulate the benefits we have," Singh said

Tata Capital's revolving credit exposure below 5% of loan book: Sabharwal

Lender to submit feedback on RBI proposal to bar NBFCs from offering revolving credit products

Govt approves introduction of one billion polymer banknotes of ₹10 and ₹20

The polymer banknotes will be issued alongside paper-based notes, with the procurement process currently at an initial stage, the government said

RBI Governor Sanjay Malhotra urges lenders to accelerate AI spend

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

Disinvestment, OFS, strategic sale, privatisation: What's the difference?

From LIC's stake sale to Air India's handover, the government has used different routes to reduce its presence in state-owned firms

Rupee falls 8 paise to 95.38 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

How has the govt's disinvestment strategy changed since liberalisation?

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991