Finance News

Festival demand, GST 2.0 lifted credit card spend in Apr-Dec FY26

Dec spends rebound to top Rs 2 trillion; 2025 added 7.72 million cards

Reserve Bank of India moves OMO dates forward as 10-year yield hits 6.72%

Yield at highest level since March 2025; central bank also announces ₹50K crore VRR

RBI outlines resolution framework for loans hit by natural calamities

The framework also factors in decisions of the State Level Bankers' Committee (SLBC) and District Consultative Committee (DCC)

RBI-ESMA agreement allows CCIL to reapply for latter's recognition

CCIL can re-apply for recognition; Esma in talks with Sebi, IFSCA for similar agreement

PFRDA launches NPS Swasthya Pension Scheme under regulatory sandbox

PFRDA has approved a pilot NPS Swasthya Pension Scheme under its regulatory sandbox to test health-linked benefits, allowing medical withdrawals and premature exits for treatment

Financial inclusion index should disclose all parameters: Sumita Kale

RBI's Financial Inclusion Index needs greater transparency, granular data and a shift towards usage, quality and household financial well-being, says Indicus Foundation CEO Sumita Kale in an interview

PFRDA sets up expert panel SAARG to modernise NPS investment framework

PFRDA has set up a high-level expert panel, SAARG, to review and modernise the NPS investment framework, focusing on asset allocation, risk governance and long-term returns

Forex reserves rise $14 billion in best week in 10 months: RBI data

At $701 billion, reserves at 13-week high; shy of all-time high of $705 billion

Rupee falls to new low of 91.96 per dollar due to sustained FPI outflow

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows

Payments major revenue contributor for PhonePe, Paytm diversified

Despite similar toplines, Paytm and PhonePe differ sharply in revenue mix, with PhonePe heavily reliant on payments while Paytm draws more from financial services

RBI moves to inject over $23 bn of liquidity into banking system

RBI announced over $23 billion in liquidity measures via repos, FX swaps and bond buys to ease banking system stress amid rising yields and rupee pressure

Centre clears wage, pension revision for PSGICs, Nabard and RBI staff

Centre approves wage hikes for public sector insurers and Nabard, and pension revisions for RBI and Nabard retirees, benefiting over 93,000 employees and pensioners

AUM of gold-loan NBFCs to cross ₹4 trillion by end-FY27: Crisil Ratings

Crisil Ratings projects gold-loan NBFC AUM to cross ₹4 trillion by FY27, driven by high gold prices, a shift to secured credit and easing LTV norms

Medical emergencies drive urban Indians to personal loans, says study

Rising medical costs and insurance gaps are pushing more urban Indians to take personal loans for healthcare, with reliance highest in Tier-I cities, a Paisabazaar study shows

RBI taps over $2 bn FX swaps to ease liquidity amid rupee pressure: Bankers

Spot intervention ​drains rupee liquidity, an effect the RBI can counter through dollar/rupee buy-sell FX swaps, in which the first leg is settled at the spot date and the second at a future date

RBI to focus on rupee's drop pace, not defend levels, as it hits record low

The rupee has been buffeted by equity outflows, with a record $19 billion last year and a further $2.9 billion this month amid valuation concerns, steep US tariffs and delays in a trade deal

Non-bank sources along with banks aiding credit pickup: RBI report

High-frequency indicators for December suggest continued buoyancy in growth impulses

Outward remittances under LRS fell to its lowest in November in FY26

Outward remittances under RBI's LRS fell to the lowest level of FY26 in November, as overseas travel and education spending by Indians moderated

Flows in NRI deposits drop 26.6% to $9.2 bn in April-November 2025: RBI

Inflows into NRI deposit schemes declined sharply during April-November 2025, dragged down by a steep fall in FCNR(B) deposits, even as NRE and NRO accounts recorded modest growth, RBI data showed

Rupee slumps to new low of 91.75 per dollar amid global risk aversion

The rupee fell to a fresh record low as foreign equity outflows, weak global risk sentiment and yen carry trade unwinding weighed on the currency, with RBI intervention limiting further losses