Finance News

Banks seek RBI relief, clarity on India's latest rupee-defence measures

Lenders have approached ‌RBI via a forex industry body, seeking the removal of a mandate that banks make a 20% cash deposit with the RBI for FX derivatives used to hedge current-account exposures

Mutual funds set to extend $4.5 bn bond sellfoff after RBI policy shift

The Reserve Bank of India raised rates for the first time in nearly four ‌years and signalled further increases as inflation rises

Rupee posts biggest gain in 6 months after RBI measures to support currency

The currency gained 1%, its biggest jump since April, to 95.7575 per dollar on Monday

HSBC leads international banks in fundraising for Indian companies

The bank topped G3 bonds and syndicated loans, and ranked among the leading international investment banks for equity fundraising

UPI MDR framework needs rationalisation to protect public trust: Report

The report suggested that merchants with annual turnover of Rs 50 crore or more are mandated by law to provide UPI as a means for accepting payments

PNB Housing Finance sees 5-8 bps margin improvement from rate hike: MD

After a gap of almost four years, the Reserve Bank raised its benchmark lending rate by 25 basis points to 5.5 per cent, making borrowing from the central bank costlier to contain inflation

FPIs pull out ₹44,166 cr from equities in Oct, 2026 outflows cross ₹3 trn

Also, the artificial intelligence-led rally in North Asian markets attracts higher foreign capital

Rupee defence raises question of how far RBI will go as pressure mounts

The rupee is poised to rally when trading resumes Monday, with analysts expecting the RBI to defend the 97-per-dollar level

RBI opens special dollar window for oil firms as rupee comes under pressure

Special window for PSU oil companies from Monday; Forex dealers will not permit users to rebook any foreign exchange derivatives

CEA calls for flexible special mention accounts norms for MSME loans

Chief Economic Adviser V Anantha Nageswaran said a uniform 90-day overdue timeline does not suit all MSMEs, as businesses across sectors have different cash flow cycles

Shriram Finance to raise FD rates by 15-40 basis points from October 11

The revised rates will apply to deposits of up to ₹10 crore, with 36-60-month deposits earning 7.85 per cent; additional rates for seniors, women and renewals will continue

September e-way bill generation rises 7.2% to a new record 141.53 million

September e-way bill generation rose 1.75 per cent from August to a record 141.53 million, as the GST Council proposed curbs on routine checks of goods moving by road.

Rupee rises 23 paise to 96.65 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 96.74, then gained some ground to touch 96.65, registering a rise of 23 paise over its previous close

State-owned banks raise repo-linked lending rates by 25 bps after RBI move

Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers

A quick guide to GST Council's key decisions on tax and compliance

From easier input tax credit claims to automated registration and a ₹40-crore cap on penalty-only appeals, the proposed changes seek to reduce compliance friction.

GST Council suggests tax exemption on storage of seeds meant for sowing

The GST Council has proposed exempting storage and warehousing services for seeds meant for sowing, along with coffee-curing services provided by coffee curers to cultivators

GST Council meet: Export definition tweak to ease IT firms' concerns

The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs

Micro lenders must map climate risk in underwriting, says report

Bharat Microfinance Report 2026 flags rising climate risks to rural credit as NABARD warns of potential rabi crop stress following a deficient monsoon and urges better underwriting

GST Council allows small online sellers to use warehouses in other states

Small online sellers can now use e-commerce platform warehouses to register in other states, while the GST Council has clarified tax treatment for platforms and retained existing rates

Transporters welcome GST Council move to curb repeated checks on highways

Transport industry bodies say the GST Council's decision to limit highway inspections to intelligence-based checks will reduce unnecessary stoppages, delays and penalties