Finance News

Rupee, bonds rebound as crude prices fall sharply, ease pressure

The rupee strengthened and bond yields eased as crude oil prices fell sharply from recent highs, improving market sentiment and boosting demand for government securities

IDFC First Bank pays additional ₹55 crore to settle Chandigarh fraud case

Additional payout raises total settlement to ₹645 crore after reconciliation of claims linked to a fraud involving a Haryana government account

Cyber fraudsters dupe 76,794 people of ₹712 crore in Odisha in 18 months

Cyber fraudsters duped nearly 77,000 people in Odisha of about Rs 712 crore in the last 18 months, Chief Minister Mohan Charan Majhi told the state Assembly

Digital lending boom raises risks if credit poorly underwritten: RBI DG

RBI Deputy Governor Swaminathan J cautions that while digital lending and platform-based models expand financial access, weak credit underwriting could deepen borrower distress

SBI shuns payments for Russian oil despite US waiver amid uncertainty

The state-owned bank believes that engaging in such business could expose it to risks as it has a sizable loan portfolio in global markets, and also hurt its reputation

Rupee rises as Asian markets catch a breather, importers keen to hedge

The currency was last up 0.15 per cent at 92.18, still close to its all-time low of 92.3475 hit in the previous session

West Asia conflict threatens Indian economy's 'Goldilocks' phase

RBI's MPC may face a tough growth-inflation trapeze

Rupee hits new low as crude surge pressures bonds and currency markets

The rupee touched a fresh low as crude oil prices crossed $100/bbl and global volatility rose, while bond yields eased later after the RBI's OMO purchase helped stabilise sentiment

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

Govt buys back G-secs worth ₹6,309 crore in RBI's switch auction

Government securities (G-Secs) are low-risk debt instruments that are issued by the government and offer fixed returns and are backed by a sovereign guarantee

RBI injects ₹50K cr durable liquidity in banking system via OMO purchases

The liquidity in the banking system, currently, is estimated to be in surplus of around Rs 2.41 trillion

Oil price rise not to have substantial impact on inflation: Sitharaman

n reply to a written question in the Lok Sabha, Sitharaman said the price of both global crude oil and the Indian basket has been on a declining trajectory for the past one year

RBI likely selling dollars as rupee weakens amid Iran war, say traders

An over 20 per cent ​jump in ‌oil prices triggered a broad-based ‌selloff in Asian stocks and currencies on ‌Monday as ​investors fretted over ​the deepening conflict in the Middle East

MFIs may have to grin and bear for some time amid rising credit costs

Experts are calling for a reimagination of microfinance as credit costs rise with higher risk provisions and writeoffs

RBI adopts calibrated approach to liquidity management amid tax outflows

The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions

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