Finance News

Fintech funding sees modest rise in CY25 as investor outlook turns cautious

Fintech funding rose slightly to $2.4 billion in CY25, but geopolitical tensions in West Asia may slow investment flows as venture capital investors turn cautious about deploying capital

RBI-Esma pact likely to need reboot if India's concerns not resolved

EU regulator's demand to audit Indian central counterparties' books seen as extraterritorial

Remittances from West Asia see 20-30% jump in March due to conflict

This is a short-term phenomenon; if the conflict prolongs it would have an adverse impact on remittances, sources said

SC to hear challenge against EPF rules governing international workers

Supreme Court issues notice on plea challenging EPF Scheme provisions requiring foreign nationals working in India to contribute to provident fund

RBI governor Malhotra urges steps to strengthen trust in digital payments

RBI Governor Sanjay Malhotra calls for collaborative efforts to boost public confidence in digital payments as the central bank launches a rural awareness pilot

Razorpay unveils AI platform to automate payment operations for businesses

Fintech firm launches 'Agent Studio' built on Anthropic's Claude technology to deploy AI agents that manage tasks such as dispute resolution, cart recovery and cash-flow forecasting

RBI to buy Rs 50,000 crore government bonds through OMO auction on Friday

RBI will purchase Rs 50,000 crore of government bonds through an open market operation auction on Friday as part of its liquidity infusion measures

Global banks push back on RBI's plan for offshore rupee trade reporting

Banks told the RBI the proposal could breach client confidentiality and conflict with data and reporting rules in other jurisdictions

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