Finance News

Bank deposits shrink as lenders cut high-cost bulk funds amid FCNR inflows

Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent

Govt to buy back ₹30,000 cr securities on Sep 3 amid surplus liquidity

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3.

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

Govt achieves 78% of FY27 divestment, asset monetisation target in Apr-Aug

More than half of the disinvestment proceeds came from the 6.5 per cent stake sale in Life Insurance Corp (LIC) which garnered ₹31,515 crore

Rupee declines 10 paise to 95.55 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close

FMs to discuss trade, digital currency in runup to Brics meet on Sept 12-13

Sitharaman will chair the September 1-2 meeting ahead of the Brics Summit, with members set to explore mechanisms to cut transaction costs and boost intra-bloc trade

RBI relaxes weekly access rule for FCNR(B) swaps above $100 million

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

Datanomics: Corporation earnings may have depressed GDP growth

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

RBI receives ₹1.42 trillion bids against ₹2 trillion in overnight VRRR

Central bank will conduct a three-day VRRR auction on Friday to absorb ₹3 trillion from the banking system; surplus liquidity stood at ₹3.75 trillion on Wednesday

Rupee rises 4 paise to 95.40 against US dollar during early trade

Brent prices fell below the $90 mark for the first time in several sessions amid continuing discussions between Iran and Oman regarding a temporary shipping corridor through the Strait

RBI steps up intervention to support rupee amid higher oil prices

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

RBI may tighten liquidity via iCRR before resorting to repo rate hike

The RBI may use an incremental CRR to absorb rising surplus liquidity before raising the repo rate, as core liquidity could approach ₹10 trillion in coming weeks

Commercial sector funding more than doubles to ₹10.65 trn in April-July

Non-food bank credit jumped to ₹6.69 trillion from ₹0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end

Banks, NBFCs to reset partnership terms with fintech firms

RBI's draft data governance norms and DPDP rules are pushing banks and NBFCs to reassess fintech partnerships, contracts and third-party data risks

RBI net buys $561 million in June amid foreign inflows: Monthly bulletin

The central bank turned a net dollar buyer for the first time since February, while its outstanding net short position in the forward market declined in June

Outward remittances under LRS surge 20% to $2.5 billion in June: RBI data

International travel and overseas investments drove the increase in June, with equity and debt investment remittances more than doubling year-on-year to $456.7 million

₹2 trillion credit card spending a month becomes the new normal: RBI data

Average monthly credit card spends rose to Rs 2 trillion in January-July 2026 from Rs 1.93 trillion in 2025, while cards outstanding increased to 122.86 million

SBI eyes $10 bn from NRIs, foreign investors as RBI swap window nears end

Earlier this month, RBI advanced the closure of the Foreign Currency Non-Resident Bank deposits swap window by a month to August 31 as against the earlier cut-off date of September 30

Major turning point in India's digital payment journey: PM on 10 yrs of UPI

The UPI was launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the RBI

Rupee falls 4 paise to 95.74 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.74, registering a fall of 4 paise from its previous close