Finance News

Rupee strengthens below 90/$ amid RBI intervention via dollar sales

The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar

UBS cuts rupee March forecast to 92, expects short-lived US deal relief

From near 90 per dollar levels currently, UBS's forecast implies a roughly 2 per cent depreciation over three months, well beyond the March ​forward rate that's near 90.55

Rupee steady as RBI support cushions downside amid weak Asian cues

The rupee snapped a four-day losing streak in the last session, with bankers flagging possible support from the Reserve Bank of India

RBI proposes to cap banks' dividend payout at 75% of net profit

The RBI undertook a review of the existing prudential norms governing the declaration of dividends and remittance of profits, including those applicable to foreign banks operating in branch mode

Govt bond yields soften on better-than-expected cut-offs on SDLs

The yield on the benchmark 10-year government bond settled at 6.61 per cent, against the previous close of 6.64 per cent

RSS-backed BMS demands higher social security limits from government

Currently, under the EPF, contributions are payable on a maximum wage ceiling of ₹15,000. Meanwhile, the wage ceiling for ESI is ₹21,000 per month

Positive business outlook nudges banks to hire for sales growth: Experts

"In terms of hiring strategies for lenders, hiring is now more focused on the business side rather than collections," said a private sector bankers

RBI sets transaction-level materiality thresholds on related-party loans

For banks with assets exceeding Rs 10 trillion, the ceiling for the materiality threshold has been set at Rs 25 crore

Pricing to remain key in largely stable corporate bond market in 2026

Elevated yields may push some companies to loan market

2026 outlook for banking sector: NIMs stable, liquidity challenge looms

After margin pressure and muted credit in 2025, banks enter 2026 with hopes of credit revival, stable asset quality and more investments, though funding and deposits remain key risks

Payments Regulatory Board takes up issues in payment systems in 1st meeting

"The board was also briefed on the major findings of the RBI's recently conducted Survey on Digital Payments," the central bank said

Closely monitor asset quality, RBI Governor Sanjay Malhotra tells NBFCs

Credit extended by NBFCs has been rising over the years, underscoring their growing importance in financial intermediation

Supreme Court asks Centre to consider revising EPF wage ceiling of ₹15,000

The petitioner has submitted that those employees who earn more than the wage ceiling are excluded from availing the EPFO scheme

SBI to promote India-Israel bilateral trade in rupee as FTA talks gain pace

The SBI branch has held several meetings and organised webinars recently in collaboration with the Israel-India Chamber of Commerce to promote trade in rupees

Rupee, bond likely to open weak on Monday amid geopolitical concerns

The rupee may open weaker amid strong dollar demand and geopolitical uncertainty, while heavy state bond supply is set to keep government bond yields under upward pressure

FPIs purchase ₹7,524 crore of debt, highest single day in 7 months

Foreign portfolio investors recorded their highest single-day debt inflow in seven months on January 1, even as they exited FAR securities in December amid rupee weakness

Deposit rate cuts tough for banks as govt retains small savings rates

With small savings rates unchanged for the eighth straight quarter despite RBI cuts, banks face limited room to lower deposit rates amid slowing deposit growth and margin pressure

Govt panel reviews foreign banks' plans to open branches in India

Panel chaired by DFS Secretary M Nagaraju reviewed RBI proposals for foreign banks amid a gradual decline in foreign bank presence and India's push for calibrated financial liberalisation

IFSCA seeks vast changes to develop commodity trading hub at GIFT-IFSC

IFSCA has proposed regulatory changes to notify commodity trading as a financial product and deepen participation at GIFT-IFSC to position it as a global commodities hub

Rupee weakens below 90 due to persistent dollar demand from companies

The rupee breached the 90-per-dollar level amid sustained corporate dollar demand and FPI outflows, even as banking system liquidity turned surplus after two weeks