Finance News

RBI's additional liquidity support to wind down after March: Bankers

India's banking system liquidity surplus has averaged around 1.1 per cent of deposits this month, inching past the 1 per cent threshold that the Reserve Bank of India indicated in December

NBFCs' bank licence set to figure at DFS meet on Thursday as reforms loom

The meeting will be attended by senior officials from the Finance Industry Development Council, Sa-Dhan and Microfinance Industry Network

NaBFID's debut CD raises ₹5,000 crore at 6.95% amid strong demand

NaBFID's maiden one-year CD issue raised Rs 5,000 crore at 6.95%, pricing tighter than comparable AIFI issuances and signalling strong investor confidence in short-term funding markets

Draft I-T forms seek tenant-landlord disclosure for claiming tax deduction

The draft forms also propose to entrust auditors with greater responsibility for checking PAN duplication and tax liability arising out of adverse audit observation

DFS secretary encourages composite salary package to boost PSU banks' CASA

DFS Secretary M Nagaraju inaugurates a composite salary account camp in Delhi as public sector banks seek to strengthen CASA balances and deepen customer relationships

RBI could rebuild reserves with dollar buys if rupee gains, says Citi

Although the RBI's reserves are at a record high, boosted by a historic rally in gold, it is carrying a $62 billion short forward book

Labour Ministry to auto-refund small balances in inoperative EPFO accounts

Pilot to cover 7.11 lakh inoperative EPFO accounts with ₹1,000 or less; funds to be auto-credited to Aadhaar-seeded bank accounts without fresh claims

IFSCA to seek Centre's nod to open insurance-linked securities to investors

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

Banks need to focus on core biz, desist from misselling: FM Sitharaman

On February 11, the RBI had issued draft guidelines on mis-selling, saying banks will have to refund the entire amount for any loss arising due to mis-selling as per an approved policy

New CPI series will reflect consumption patterns better: RBI Governor

Data released on February 12 showed retail inflation was 2.75 per cent in January, according to the new CPI series, which uses 2024 as the base year

Govt cuts duty benefits for exporters under RoDTEP scheme by 50%

With immediate effect, the Directorate General of Foreign Trade (DGFT) said, the applicable RoDTEP rates shall be limited to 50 per cent of the existing rates

Govt amends tax treaty with France, revises dividend tax structure

The government said it has also modified how it taxes dividend income, replacing the existing flat 10 per cent rate ‌with a split structure

RBI not looking to revisit lending rules for proprietary traders: Guv

In rules released earlier this month, ‌the Reserve Bank of India raised the collateral requirements for bank guarantees to brokers and barred lending for proprietary trading by them

Rural-centric feature phone solutions set to anchor digital payments push

Govt sources say rural-focused feature phone solutions such as UPI 123Pay, IVR systems and offline payments will drive the next phase of India's digital payments expansion beyond smartphones

RBI's new lending curbs on bank funding seen squeezing trading firms

The RBI's initiative, due to take effect from April 1, follows a series of steps taken by the government and market regulator to cool the explosive growth in the country's equity derivatives market

UPI's global volumes cross 1 mn in FY26, nearly doubling from last year

UPI's international transaction volumes crossed one million for the first time in FY26, nearly doubling from the previous year, as the payments system expanded across eight countries

Risk-based premium on deposit insurance to test banks' fund-raising ability

From April 21, banks shift to risk-based deposit insurance premiums, with better-rated lenders paying less and a likely hike in the ₹5 lakh insurance cap

SBI targets increasing its green advances portfolio to 10% by 2030

Green advances portfolio was 1.56 per cent of the bank's total advances as on March 31, 2025

Yes Bank looks to exit FY26 with ROA of 1%, says CFO Niranjan Banodkar

For the December quarter, the bank reported a net profit of Rs 952 crore, registering a growth of 55 per cent on an annual basis and 45 per cent on a quarter-on-quarter basis

UGRO to focus on reducing pricier borrowing costs in FY27, says MD

The company, which has grown its assets under management in 2025, said the sharp expansion in recent years had necessitated higher liability mobilisation, impacting borrowing costs