Finance News

RBI draft proposes up to ₹25,000 compensation for small digital frauds

RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days

EPFO panel flags rising unclassified balances, seeks March-end roadmap

Employees' Provident Fund Organisation finance panel seeks roadmap to clear suspense account balances by March 31 amid concerns over rising unclassified funds

India's forex reserves hit record $728.5 bn on gold, currency gains

India's foreign exchange reserves rose to a record $728.49 billion in the week ended February 27, driven by higher gold reserves and foreign currency assets, according to RBI data

RBI issues draft guidelines on compensating customers for digital fraud

The guidelines come amid a rise in fraud cases as digital payments see wider adoption in the country

RBI deploys nearly $12 billion to defend rupee amid West Asia war: Bankers

The scale of the intervention underscores the challenge the Reserve Bank of India faces in containing volatility triggered by the Middle East conflict that has entered its seventh day

NPCI signals identity reboot: Looks to build brand recall beyond platforms

NPCI plans a major branding revamp to strengthen its identity as a technology-led digital payments infrastructure provider and boost visibility at home and abroad

RBI policy easing: Share of loans below 9% rate increases to 62.4%

RBI data shows a strong shift in lending patterns after policy easing, with loans priced below 9% rising sharply as PSBs led credit growth and monetary transmission became more visible

Gold loan disbursements surge 94% in Q3FY26: Equifax Retail Insights

Gold loan disbursements nearly doubled in Q3 FY26 as borrowers favoured gold-backed credit, with NBFCs leading growth and PSBs contributing the largest share, Equifax data shows

RBI's forward-book dollar deficit surges to $68.4 billion in January

RBI's net short dollar position in the forward market climbed to $68.42 billion in January, with a rise in long-tenure contracts offsetting a decline in shorter-term positions

Axis Bank partners with Tesla to offer tailored financing solutions

Axis Bank partners Tesla to offer tailored EV financing solutions, including loans with up to 10-year tenure and a fully digital loan process aimed at easing the purchase journey

West Asia crisis: Rupee breaches 92 against $, RBI buys govt bonds

The rupee slid to a new low of 92.30 per dollar as tensions in West Asia drove crude higher, before recovering after RBI sold dollars and bought bonds to curb volatility

Rupee records steepest decline in over 5 weeks amid geo-political tensions

The rupee saw its sharpest fall in over five weeks as crude oil prices surged on rising West Asia tensions; RBI interventions helped prevent the currency from breaching the 91.5-per-dollar level

EPFO retains employees' provident fund interest rate at 8.25% for 2025-26

This is the second year in a row that the EPF interest rate has been kept unchanged at 8.25%

Japan and India renew $75 bn bilateral swap pact to boost financial safety

Japan and India have renewed their Bilateral Swap Arrangement, keeping the facility size at $75 billion, to strengthen financial safety nets and deepen economic cooperation

UPI volumes dip in February on fewer days even as daily averages rise

UPI transactions fell month-on-month in February due to the shorter month, but daily volumes and values increased, reflecting steady digital payment adoption across channels

EPFO panel clears new SOP for exempted establishments, CBT to take call

EPFO's Exempted Establishment Committee has approved a consolidated SOP to streamline regulation of exempted establishments, replacing annual audits with risk-based reviews; CBT will review it next

MFI sector continues signs of stabilisation in Q3 FY26: Arohan Financial

Arohan posts 87% jump in Q3 profit as asset quality improves

EMI scheme for deferred customs duty payment to be implemented from April 1

The deferred payment facility will be available to Eligible Manufacturer Importers (EMIs) meeting prescribed criteria related to Customs and GST compliance, turnover, and financial standing

Bihar MFI Bill unlikely to hit RBI-regulated lenders, say experts

Shares of microfinance focused lenders saw sharp drop on Friday

IIFL Home Finance signs $300 mn ADB loan to boost affordable housing

IIFL Home Finance has signed a $300 mn loan pact with ADB to expand affordable housing finance for low-income borrowers, with over a quarter of funds earmarked for green-certified homes