Finance News

Industrial credit growth seen at 9-13% in Jan-June: Ficci-IBA survey

Industrial credit growth seen at 9-13% in H1 2026, led by capex revival and infrastructure demand, with banks signalling steady, not sharp, expansion

Microfinance business thrown a lifeline but still not out of the woods

The microfinance business will remain cautious for some time to come despite a ₹20,000 cr credit guarantee scheme

Rupee may come under pressure as Strait of Hormuz blockade continues

The Indian unit closed Friday at 92.93/$ compared to the previous close of 93.20/$, gaining 0.3 per cent

EPFO shifts recruitment to IBPS after NTA exit, eyes annual hiring cycle

Body signs MoU with IBPS for recruitment exams as NTA exits; plans annual hiring cycle to address staffing gaps and streamline processes

EPFO delays UPI-linked PF withdrawals to May-end amid final testing

EPFO to enable UPI-based PF withdrawals by May-end under CITES 2.0 upgrade, promising faster access but requiring a brief system shutdown during migration

FIEO urges RBI to provide liquidity support amid West Asia conflict

India's export sector has held up well despite a year marked by geopolitical tensions, tariff volatility, said SBI's Ghosh

RBI mops up ₹2 trillion through VRRR auction amid surplus liquidity

Central bank absorbs surplus liquidity as banks bid Rs 2.28 trillion in VRRR auction, reflecting robust demand amid easing liquidity conditions

NHAI asks banks to validate vehicle numbers on FASTag: Here's how to check

NHAI has asked banks to verify vehicle numbers linked to FASTags after mismatch complaints. Here's how you can check if your VRN is correctly linked to your FASTag

Rupee rises 28 paise to 92.86 against US dollar during early trade

Buying of Indian equities by foreign investors also supported the local currency even though it stayed under pressure due to a firm dollar, forex traders said

Rupee set to open higher on RBI's reported plan to curb dollar demand

The rupee will rise to 92.94-92.98 versus the US ‌dollar, traders said, having settled at 93.1950 on Thursday

Govt pushing for more infrastructure play by insurers, pension funds

Government eyes pension and insurance funds to boost infrastructure financing, aiming to unlock long-term capital and sustain investment-led growth

RBI to conduct ₹2 trillion VRRR to absorb surplus liquidity in system

RBI to conduct Rs 2 trillion variable rate reverse repo auction to absorb surplus liquidity, with banking system surplus remaining above Rs 5 trillion

RBI norms may raise NBFC upper layer asset share to 70%, says CareEdge

RBI's proposed SBR framework changes may significantly expand NBFC upper layer coverage, boosting asset share to nearly 70 per cent and strengthening systemic oversight

Rupee rises 6 paise to 93.27 against US dollar during early trade

According to forex analysts, crude oil prices hovering below the $95-a-barrel level sent positive cues to investors in domestic equities

Small Finance Banks' universal licence dream: It's a long road ahead

Weak spots in governance, asset quality, and risk discipline stall approvals

RBI liberalises branch rules for NBFCs, allows expansion without nod

RBI has eased branch expansion norms for NBFCs, allowing them to open branches without prior approval while retaining restrictions for weaker deposit-taking entities

Banking liquidity surplus stays over ₹5 trillion for fifth straight day

Surplus liquidity in the banking system remained above Rs 5 trillion for the fifth straight day, supported by government spending and bond redemptions

NBFCs' reliance on bank borrowings to rise in FY27 on lower rates: Crisil

Share of external commercial borrowing (ECB) issuances will also be muted in the near term, owing to geopolitical uncertainties and the resultant exchange rate volatility, the report said

EPFO looks to frame exit strategy amid rising stressed debt exposure

Employees' Provident Fund Organisation plans an exit policy as exposure to downgraded corporate debt rises, aiming to streamline decisions on selling stressed securities

GST-led ITC loss, market volatility may reflect in insurers' earnings

GST-led input tax credit loss and weak equity markets may weigh on insurers' Q4 FY26 profitability, with life insurers facing sharper impact while general insurers see demand support