Finance News

Banks live on UPI rise nearly fivefold to 731 between 2020 and 2026

UPI added 576 banks over six years as digital payments adoption widened, helping the platform process 22.71 billion transactions in June 2026

Q1FY27 securitisation issuances hold steady at ₹600 bn, up over 20% Y-o-Y

Strong first-quarter volumes suggest the market is moving beyond cyclical expansion towards a deeper and more resilient funding ecosystem

AMFI eases mutual fund transmission process for nominees, legal heirs

The revised SOP allows AMCs greater flexibility in handling address, name and signature mismatches to ease transmission of mutual fund units after an investor's death

Rupee rises 14 paise to 96.28 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close

FCNR(B) inflows trail expectations as rupee comes under fresh pressure

The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures

EPFO weighs corrigendum on international worker provisions in new PF scheme

The retirement fund body says drafting inconsistencies in the Employees' Provident Fund Scheme, 2026 created ambiguity and do not reflect any policy change for international workers

India's fintech sector raises $2 bn in H1 2026, led by late-stage funding

Funding in India's fintech sector rose 42 per cent year-on-year to $2 billion in H1 2026, with late-stage companies accounting for four-fifths of the total capital raised

RBI asks banks to sell immovable assets from bad loans within 7 years

Banks must dispose of immovable assets acquired in satisfaction of bad loans within seven years through public auction under the RBI's revised prudential framework

SIF distribution set for a boost as Sebi eases certification norms

NISM has introduced a combined certification examination for mutual fund and Specialised Investment Fund distributors, simplifying the qualification process

Digital payments boost fintech growth; wealth-tech leads profit pool

Sector's earnings jumped 22% in FY25 to ₹1.03 trillion

Paytm to reward shareholders with maiden bonus issue in 25 years

Paytm will consider its first-ever bonus share issue on July 20 after reporting its maiden annual profit, alongside Q1 FY27 earnings and growth guidance

CBDT notifies Cost Inflation Index for FY2026-27 at 384. What it means

A higher index means the inflation-adjusted cost of acquiring an asset will be higher than it was in FY26

Rupee slips 6 paise to 96.31 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 96.28 against the greenback before slipping further to 96.31 from its previous close

Banks courting corporate clients for merger and acquisition financing

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

Banks alone can't fund Viksit Bharat; bond market must step up: Crisil

Crisil says India's debt capital market must deepen to support the Viksit Bharat vision, with India Inc expected to require Rs 130-140 trillion in debt funding over FY27-31

RBI proposes stricter data governance framework for banks, NBFCs

The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight

Low retirement savings prompted minimum PF balance rule, says EPFO

EPFO said nearly half of EPF members retire with just Rs 10,000-20,000 in their provident fund accounts, prompting the introduction of a mandatory minimum balance under the new scheme

India, UAE central banks meet to discuss foreign-currency deposit issues

The RBI and UAE central bank are discussing regulatory hurdles as India seeks to attract more foreign-currency deposits from NRIs to strengthen forex reserves

Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The rupee ‌closed at 96.2550 per dollar, little changed from its close at 96.20 in the previous session

Rupee rises 5 paise to 96.11 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close