Finance News

Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule

Forex booster gambit to end Aug 31, a month ahead of schedule

India's BoP deficit widens to $8.1 billion in Q1FY27 on capital outflows

Q1 current account deficit at $3.1 billion; $6.2 billion in June

Sebi proposes settlement framework overhaul, seeks simpler calculations

The regulator has proposed a simpler formula for settlement amounts, lower additional charges for refiling and allowing settlement applications at the appellate stage

Bank deposit growth hits highest since December 2016 at 15.4%: RBI data

Aggregate deposits rose by Rs 6.61 trillion in the fortnight ended July 31, while bank credit growth accelerated to 19.3 per cent, its highest since May 2024

India sees sharp expansion in retail, MSME credit access since 2021

Retail bureau coverage rose 1.7 times to 78.9 crore borrowers by 2026, while active MSME borrowers more than doubled to 1.9 crore over the five-year period

FinMin warns against high turnover, payroll criteria in GeM tenders

The Finance Ministry has advised central government entities to avoid disproportionately high turnover, payroll and staffing requirements in GeM consultancy tenders

Rupee gains 2 paise to 95.43 against US dollar during early trade

At the interbank foreign exchange market, rupee opened at 95.39 and later slipped to trade at 95.43 against American currency in early deals, up marginally by 2 paise from its previous closing level

State Bank of India raises ₹500 mn through bonds from overseas investors

State Bank of India, acting through its London branch, has raised USD 500 million by issuing bonds at a coupon rate of 5.25 per cent.

RBI Governor highlights central banks' role in price, financial stability

RBI Governor Sanjay Malhotra said cooperation among BRICS central banks is crucial to building a resilient, efficient and inclusive global financial system.

CAG flags 'unhealthy trend' of Railways repaying IRFC from budget grants

The auditor said repayment of IRFC lease charges from budgetary support could deprive the Railways of funds for capital works, while also flagging delays in safety projects

RBI draft lending norms may speed up rate transmission, limit flexibility

Brokerages expect the RBI's proposed lending rate framework to improve transparency and speed up transmission, while restrictions on spread changes could limit lenders' pricing flexibility

Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

The fintech expects at least 5 million users to get onboarded on the platform to access products like credit line on UPI or credit cards on UPI over the next five years, said Sumeet Basrani

Is free UPI viable? Pricing vital for digital public infra's future

The debate over UPI pricing is shifting as zero-MDR strains the ecosystem, raising questions over who should bear costs and whether a calibrated MDR can sustain digital public infrastructure

Sebi proposes mandatory 'Credit Risk-o-Meter' for debt securities

Under the proposal, issuers and online bond platform providers (OBPPs) would be required to display the Credit Risk-o-Meter in offer documents, abridged prospectuses, private placement memorandums

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

Rupee falls 7 paise to 95.40 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.40, registering a fall of 7 paise from its previous close

Why India keeps selling stakes in PSUs instead of privatising them

India is selling PSU stakes, but rarely giving up control. Why has the government chosen disinvestment over full privatisation? Experts explain

Paytm CEO, CFO get Sebi notice over 2023 disclosure curbing small loans

The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the ‌Reserve Bank of India tightened rules on consumer lending

RBI draft rules on interest rates: External benchmark optional for NBFCs

The proposed harmonised framework requires banks to link certain floating-rate loans to external benchmarks while giving NBFCs and other lenders discretion over adoption

Rupee falls 6 paise to 95.42 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.40 before slipping further to 95.42, down 6 paise from its previous close