Finance News

14 states borrow ₹47,620 crore, 11% higher than borrowing calendar

Fourteen states raised ₹47,620 crore at weekly SDL auctions as yields softened marginally and spreads over gilts stayed stable

Finance Minister Nirmala Sitharaman likely to address RBI board on Feb 23

The government has announced a new roadmap to reduce debt-GDP ratio to about 50 per cent by March 2031 from 55.6 per cent in FY27

Tax department redesigns 30 key forms ahead of new Income-tax Act

The tax department has proposed a major redesign of 30 high-volume income-tax forms to reduce duplication, simplify compliance and support a data-driven regime under the new law

RBI proposes to raise unsecured loans to 20% of total for urban co-op banks

RBI has proposed raising the unsecured loan cap for urban co-operative banks to 20 per cent of advances, revising norms on unsecured lending and housing loan tenors

ECB, FCCB intent hits FY26 high in December at $4.43 billion: RBI data

Indian companies filed ECB and FCCB proposals worth $4.43 billion in December, the highest monthly amount in FY26, led by NBFCs and infrastructure-linked borrowers

RBI proposes deregistration window for NBFCs without public funds

The Reserve Bank of India has proposed exempting certain NBFCs from registration and allowing eligible non-public fund, non-customer-facing entities to seek deregistration within six months

Corporate India's capital expenditure cycle shifts into top gear

At 13.1%, fixed asset creation by leading listed firms hit six-year high in H1FY26

RBI's voluntary retention route move removes parallel limits for FPIs

The RBI has removed the Rs 2.5 trillion cap under the Voluntary Retention Route and merged it with the General Route, easing exit constraints and simplifying compliance for foreign bond investors

EPFO to appoint new partner agencies, change custodian after 15 years

Retirement fund body EPFO is preparing to empanel new partner agencies and appoint a fresh custodian, as it revamps investment, audit and management arrangements

BoB slashes car loan rates by 30 bps to 7.6%, effective immediately

The bank also offers an attractive fixed rate of interest on Baroda car loans, starting at 8.5 per cent per annum

Eway bill generation rises 43% in January, the second-highest ever

E-way bill generation rose to 136.83 million in January, the second-highest monthly level on record, marking a 42.6 per cent year-on-year increase amid stronger goods movement

I-T dept invites stakeholder views on draft rules under new Income Tax Act

As part of a wider consultative process, the Central Board of Direct Taxes (CBDT) invites inputs and suggestions from stakeholders in the four major categories

RBI monetary policy: Small digital fraud victims to get up to ₹25K refund

RBI has announced a one-time compensation of up to Rs 25,000 for victims of small-value digital frauds, while also moving to tighten norms on mis-selling and loan recovery practices

RBI will continue to meet the country's currency needs: Governor Malhotra

The value and volume of banknotes in circulation increased by 6.0 per cent and 5.6 per cent, respectively, during 2024-25

Govt bond yields increase 9 basis points on no new liquidity steps

The yield on the benchmark 10-year government bond hardened by 9 basis points to settle at 6.74 per cent

Surge in gold loans not a cause for concern, says Reserve Bank of India

Banks are shifting from unsecured loans to gold-backed lending amid rising gold prices, but RBI says low LTVs and limited exposure pose no systemic risk

Digital payments safety:  Reserve Bank of India proposes discussion paper

Decision on UPI MDR in govt's domain: RBI governor

PSL classification issue is not a system-wide problem: RBI Governor 

Apex bank will issue revised instructions to banks on KCC scheme

RBI nod to direct bank lending to Reits may expedite asset growth

Industry executives note that REITs raise debt by issuing securities subscribed to by mutual funds and non-banking financial companies (NBFCs)

RBI moves to push credit delivery, doubles collateral-free loans to MSMEs

Guv says move is 'indexation for inflation'