Finance News

GST-led ITC loss, market swings to test insurers' profitability in Q4 FY26

GST-led input tax credit loss and weak equity markets may weigh on insurers' Q4 FY26 profitability, with life insurers facing sharper impact while general insurers see demand support

RBI moots ₹1 trillion asset threshold for NBFC upper layer classification

Opens door for inclusion of state-owned NBFCs

RBI's lagged credit proposal may raise costs, need switch changes

RBI's proposal for lagged credits in digital payments could require switch-level changes, raising costs for UPI ecosystem and banks, industry sources say

Utkarsh 2029: RBI targets digital currency, UPI global expansion drive

Will also focus on AI adoption, UPI globalisation, currency management modernisation

India's forex reserves increase after four weeks, up $9.06 billion

India's foreign exchange reserves rise $9.06 billion after four weeks, led by a sharp increase in gold reserves and modest gains in foreign currency assets

Four executive directors in fray for RBI deputy governor's post

Vivek Deep, Rohit Jain, Radha Shyam Ratho and Ajay Kumar - all executive directors of RBI - will likely be interviewed for the post on Monday

RBI to push for reporting of offshore rupee trades despite resistance

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027

RBI's liquidity withdrawal move pushes up bond yields, swap rates

The Reserve Bank of India on Friday said it will conduct a variable rate reverse repo auction for ₹2 trillion ($21.58 billion), its first such operation in four months

Reserve Bank announces 7-day cash withdrawal to absorb surplus liquidity

RBI will conduct ‌a seven-day variable rate reverse repo auction for ₹2 trillion between 2 pm and 2:30 pm, and the reversal of these funds will take place on April 17

Biggest currency clampdown in a decade risks backfiring for India

Jefferies estimates banks could face losses of up to ₹5,000 crore ($539 million) from the forced unwinding

Rupee rises to 92.41 against dollar, faces risks from West Asia tensions

At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade

Banks exit bulk of rupee arbitrage positions ahead of RBI deadline

RBI imposed limits on banks on ‌March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10

RBI paper suggests 1-hour lag for digital payments over ₹10k to curb frauds

RBI proposes a one-hour delay for digital payments above Rs 10,000, alongside safeguards like trusted authentication and account monitoring, as fraud cases surge sharply

RBI speeds up cross-border inflows with faster customer credits

Banks need to put in place a straight-through process for crediting the inward payments to individual accounts

RBI allows NBFCs access to term money market; volumes likely to rise

Move expected to improve liquidity and price discovery, though borrowing costs may remain aligned with commercial paper rates due to credit profile differences

RBI proposes 1-hour delay for digital payments above ₹10,000 to curb fraud

Central bank suggests transaction delays, trusted-person authentication and stricter account controls as digital payment frauds surge in volume and value

RBI tightens timelines for inward remittances, mandates faster credit

Central bank asks banks to immediately inform customers and reconcile nostro accounts frequently to ensure quicker credit of cross-border inward payments

RBI maintains status quo, sees FY27 growth at 6.9% with downside risks

Projects inflation to rise to 4.6% in FY27 from 2.1% in FY26, GDP growth to slow to 6.9% from 7.6%

RBI to introduce new framework for NBFC classification, says guv Malhotra

RBI plans to introduce a new framework to classify NBFCs into upper, middle and lower layers, replacing the current scale-based regulation system

RBI plans to rationalise board norms, shift focus to strategy, policy

RBI plans to revise board norms to reduce compliance burden and enable bank boards to focus more on strategy and policy, amid feedback from industry stakeholders