Finance News

India's forex reserves jump $10.5 bn to $692.87 bn, shows RBI data

India's forex reserves rose $10.51 billion to $692.87 billion in the week ended July 31, led by a sharp increase in foreign currency assets and gold reserves

RBI's draft revolving credit curbs drag NBFC stocks; Bajaj Finance down 6%

The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts

Govt set to exceed key fundraising goal on state-firm stake sales

The long-delayed sale of the government's stake in IDBI Bank is also likely to conclude this fiscal year, potentially adding $2.5 billion to state coffers

AI safety must keep pace with adoption in financial sector: CEA Nageswaran

The Chief Economic Adviser said AI can improve credit assessment and risk detection in fintech, but firms must prioritise safety and security as adoption accelerates

Rupee falls 6 paise to 95.28 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close

How digital lending apps are pushing Indian consumers deeper into debt

India's household debt has climbed to a record level, with app-based lenders driving much of the growth through high-cost, short-term loans

Merchant discount rate on UPI: Small apps to bet on customer base

Potential UPI MDR could boost revenues for dominant players like PhonePe and Paytm, while giving smaller apps a viable path to profitability and customer acquisition

BS Explainer: MDR on UPI, existing fee structures and what may change next

The Taxation and Other Laws (Amendment) Bill, 2026, could pave the way for an MDR on UPI. Here's how MDR works, the current structure and what may change

Tata Sons faces continued listing uncertainty after RBI classification

RBI has retained Tata Sons in the FY27 NBFC upper-layer list while reiterating that its de-registration application remains under examination, prolonging uncertainty over listing

RBI extends recovery norms deadline, eases certification timeline

The RBI has deferred implementation of revised recovery norms to January 2027 and given regulated entities a year to certify existing recovery agents through the IIBF

NBFCs can extend term loans, not revolving credit products: RBI draft norms

The RBI has proposed restricting NBFCs to term loans and barring revolving credit products, except for those authorised to issue credit cards

RBI's 4-day VRRR auction draws ₹1.3 trn bids as overnight rates edge higher

The RBI's four-day VRRR auction attracted Rs 1.3 trillion in bids as it absorbed surplus liquidity, helping push overnight money market rates closer to the policy rate

Rupee steadies as lower oil prices, inflows boost carry trade appeal

Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades

Rupee falls 9 paise to 95.17 against US dollar during early trade

The domestic currency weakened despite lower crude oil prices as lingering geopolitical risks offset support from easing energy costs

RBI emerging as Asia's rate outlier as oil shock fails to shift outlook

RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices

A dovish pause: RBI holds steady, rate hike off the table in FY27

The RBI cited uncertainties around the monsoon, El Nino, geopolitics and global trade while opting to keep policy rates unchanged for a fourth meeting

No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says mobilisation under the concessional FCNR(B) swap window remains robust, with no proposal to close the scheme before its September 30 deadline

22 years later, RBI set to resume UCB licensing through on-tap framework

The Reserve Bank of India will soon issue draft guidelines for on-tap licensing of urban co-operative banks, setting stringent eligibility norms for credit co-operative societies seeking conversion

MPC announcements: RBI's stance may boost bond market, says fund managers

Debt fund managers view the RBI's policy as supportive for bonds, but differ on duration strategy, with some favouring long-duration papers and others preferring shorter maturities.

Rupee, bonds rise on geopolitical relief, trim gains post RBI policy

The rupee strengthened and government bond yields eased on geopolitical relief and lower crude prices before both pared gains after the RBI's policy announcement and Governor Sanjay Malhotra's remarks