Finance News

RBI keeping close watch to see if supply shocks warrant policy action: Guv

RBI Governor Sanjay Malhotra said the central bank is monitoring whether supply shocks from the West Asia conflict trigger broader inflationary pressures

Stablecoins fail core tests of money; CBDC not risky: Reserve Bank of India

The Reserve Bank of India said stablecoins fail key tests of money and warned that such virtual digital assets pose financial stability and jurisdictional risks

Bank of India hikes interest rates on select medium and long-term deposits

Bank of India has revised interest rates on select fixed deposits below ₹3 crore across medium and long-term tenures, with the revised rates taking effect from May 18

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

Fintechs set to take fresh guard as reality comes to bite the sector

With funding tightening and regulators increasing scrutiny on risk, firms must move past the growth-at-all-costs model to survive

RBI relief to NBFCs likely to spur participation in equity markets

New norms, effective from July, exempt smaller NBFCs from registration need

RBI announces seven-day VRR auction worth ₹1 trillion next week

The Reserve Bank of India will conduct a seven-day variable rate repo auction worth Rs 1 trillion to manage evolving liquidity conditions in the banking system

Rupee slides to record low past 96/$ as oil nears $110 per barrel

The rupee fell 0.3 per cent to 96.05 per US dollar, eclipsing its previous all-time low of 95.9575 in the previous session

Govt likely to restrict manual edits in GSTR-3B returns under GST push

The proposed move aims to reduce GST mismatches and tighten compliance by limiting manual changes in GSTR-3B once returns are auto-populated

Satin Creditcare Network aims to reach ₹32,000 crore AUM by FY30

Microfinance lender expects stronger growth and better collection efficiencies as it expands branches and diversifies operations

Banks back RBI's proposed 1-hour lag for digital payments above ₹10K

But they seek increase in threshold to ₹25,000; payment industry flags operational issues

Reserve Bank of India cancels registration of 7 NBFCs, including 2 CICs

Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments

Rupee declines 20 paise to all-time low of 95.86 against US dollar

At the interbank foreign exchange market, the rupee opened at 95.74, then fell further to a record low of 95.86 against the US dollar, registering a fall of 20 paise from its previous close

EPFO plans risk-based inspection to replace discretionary checks

New framework will replace discretionary inspections with technology-driven compliance checks based on data analysis and risk profiling

Withdrawal of retirement provident funds to soon be automated: EPFO

At present, partial or advance withdrawal claims of up to ₹5 lakh are settled through auto mode, and the deadline for the auto-settlement mode is three days from filing the claim

India's foreign exchange reserves still robust to defend rupee: Economists

The central bank's reserves, despite being among the world's biggest, are facing tougher scrutiny from investors as the rupee hits record lows

Rupee falls to record low of 95.63 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback

RDI SPF to issue cheques soon, says ANRF CEO Shivkumar Kalyanaraman

The ₹1 lakh crore RDI Fund aims to create a deep-tech asset class and mobilise up to ₹10 lakh crore through private-sector innovation and research

Govt not complacent, more reforms in the pipeline: Shaktikanta Das

Principal secy-2 to PM nudges industry to reorient biz to be future-resilient