Finance News

GST-led ITC loss, market volatility may reflect in insurers' earnings

GST-led input tax credit loss and weak equity markets may weigh on insurers' Q4 FY26 profitability, with life insurers facing sharper impact while general insurers see demand support

Non-finance private firms' PAT growth slowed to 31.6% in FY25: RBI

Profit growth of non-government non-financial private firms slowed in FY25, though profitability indicators improved, supported by strong performance in the services sector

RBI's Swaminathan flags AI risks in finance, warns against opaque systems

Swaminathan J warns bias, opacity, data misuse and cyber threats in AI systems could amplify systemic risks, even as technology offers gains in credit access and fraud detection

EPFO looks to frame exit strategy amid rising stressed debt exposure

Employees' Provident Fund Organisation plans an exit policy as exposure to downgraded corporate debt rises, aiming to streamline decisions on selling stressed securities

AI without safeguards can amplify weaknesses in finance sector: RBI DG

AI-enabled systems can make customer interaction simpler, more intuitive, and responsive. It can also help improve credit delivery, he said

RBI scrutinises methods banks use for unwinding rupee arbitrage trades

Following the central bank's measures, the rupee has recovered from near 95.20 per US dollar to near 92.50, before paring its rally on Monday

Rupee falls 49 paise to 93.32 against dollar in early trade amid Iran war

At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and lost further ground, trading at 93.32 against the greenback in early deals

RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens

Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%

RBI seeks to tighten oversight of govt NBFCs with new classification norms

Uncertainty lingers over Tata Sons de-classification as upper-layer NBFC

Bankers see merit in RBI's one-hour e-payment lag despite cost concerns

Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000

RBI moots ₹1 trillion asset threshold for NBFC upper layer classification

Opens door for inclusion of state-owned NBFCs

RBI's lagged credit proposal may raise costs, need switch changes

RBI's proposal for lagged credits in digital payments could require switch-level changes, raising costs for UPI ecosystem and banks, industry sources say

Utkarsh 2029: RBI targets digital currency, UPI global expansion drive

Will also focus on AI adoption, UPI globalisation, currency management modernisation

India's forex reserves increase after four weeks, up $9.06 billion

India's foreign exchange reserves rise $9.06 billion after four weeks, led by a sharp increase in gold reserves and modest gains in foreign currency assets

Four executive directors in fray for RBI deputy governor's post

Vivek Deep, Rohit Jain, Radha Shyam Ratho and Ajay Kumar - all executive directors of RBI - will likely be interviewed for the post on Monday

RBI to push for reporting of offshore rupee trades despite resistance

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027

RBI's liquidity withdrawal move pushes up bond yields, swap rates

The Reserve Bank of India on Friday said it will conduct a variable rate reverse repo auction for ₹2 trillion ($21.58 billion), its first such operation in four months

Reserve Bank announces 7-day cash withdrawal to absorb surplus liquidity

RBI will conduct ‌a seven-day variable rate reverse repo auction for ₹2 trillion between 2 pm and 2:30 pm, and the reversal of these funds will take place on April 17

Biggest currency clampdown in a decade risks backfiring for India

Jefferies estimates banks could face losses of up to ₹5,000 crore ($539 million) from the forced unwinding

Rupee rises to 92.41 against dollar, faces risks from West Asia tensions

At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade