Finance News

Rare but not unusual for RBI to come out in support of a troubled bank

RBI's swift support for HDFC Bank after chairman's exit aims to calm depositor and investor sentiment, reflecting a rare but not unprecedented regulatory intervention

IFSCA tightens scrutiny of fund managers and capital market units

IFSCA steps up enforcement in GIFT City, issuing notices to fund managers and intermediaries over compliance lapses and operational deficiencies

ICAI in talks with NFRA to streamline overlapping audit investigations

ICAI is coordinating with NFRA to identify overlapping cases and avoid duplication of investigations, aiming to improve regulatory efficiency and oversight

First-time credit monitoring rises 27%; user base hits 183 mn: CIBIL report

First-time credit monitoring in India rises 27%, with user base reaching 183 million, driven by Gen Z, women and non-metro consumers, says CIBIL report

RBI working to provide avenues to Russian trade counterparts for rupee use

For the past few years, both countries have focused on local currencies to settle bilateral trade and reduce reliance on the US Dollar

Rupee hits record low of 92.64/$ on importer demand, thin dollar liquidity

Currency weakens on importer demand and thin dollar liquidity, with trade deficit concerns and Fed policy outlook weighing on sentiment

GST cuts cooled prices of durables, not of essentials: NIPFP Study

Study finds weak tax pass-through in food and household goods, while consumer durables such as cars and air conditioners show clearer price declines

Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval

Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC

RBI to infuse ₹75,000 crore via three-day VRR auction as liquidity tightens

Central bank to hold three-day VRR auction on Friday as surplus liquidity falls below ₹1 trillion amid advance tax and GST outflows

India's outbound FDI falls to $2.76 billion in February: RBI data

Overseas investment declines year-on-year and sequentially, with moderation in equity commitments and mixed trends in loans and guarantees

Axis Bank to invest $162 million in its consumer lending arm Axis Finance

Axis Bank, which has invested ₹2,375 crore in Axis Finance over the ​past decade, plans to complete the infusion by March 2027 ‌through a cash consideration in one or more tranches

BHIM targets 5% share to break into top five, challenge UPI duopoly

According to the latest data, BHIM currently holds a 0.86 per cent share of UPI transactions

Amid large FPI outflows from equity, debt attracted inflows in FY26

Foreign investors pulled out Rs 1.37 trillion from equities in FY26, while debt saw modest inflows supported by attractive yields and expectations of global index inclusion

State Bank of India raises over ₹6,000 crore through Tier 2 bonds at 7.05%

SBI raises Rs 6,051 crore via Tier 2 bonds at 7.05% coupon, with the issue seeing nearly two times subscription and participation from a wide range of institutional investors

RBI's 7-day VRR auction draws weak demand as big banks stay away

VRR auctions allow banks to borrow funds from the RBI against government securities at market-determined rates, helping the central bank manage short-term liquidity in the financial system

India needs $1 trn forex reserves buffer for stability: Ex-RBI Deputy Guv

The $1 trillion target is derived from two critical buffers: $350 billion to cover all one-year debt obligations and $650 billion to protect against a potential exodus of foreign portfolio capital

Par panel recommends IPO route for profitable RRBs to raise capital

RRBs have achieved a historic consolidated net profit of Rs 7,720 crore in just the first nine months of FY 2025-26, driving gross NPAs down to a 13-year low of 5.4 per cent

FinMin amends minimum public float rules for companies planning IPOs

The rules state that at least 2.5 per cent of each class of securities must be offered to the public at the time of listing, irrespective of the post-issue threshold

India's foreign exchange reserves drop $11.68 billion to $716.81 billion

The value of the gold reserves declined by $1.612 billion to $130.017 billion during the week, the RBI said

Fintech funding sees modest rise in CY25 as investor outlook turns cautious

Fintech funding rose slightly to $2.4 billion in CY25, but geopolitical tensions in West Asia may slow investment flows as venture capital investors turn cautious about deploying capital