Finance News

RBI bars resident Indians from issuing credit guarantees to NRIs

Resident creditors can obtain guarantees, but where both the principal debtor and the surety are non-residents, the underlying transaction must comply with foreign exchange regulations

Rupee ends flat, caught between softer dollar and corporate hedging

The rupee closed at 90.1525 per dollar, little changed from 90.1625 in the previous session

'RBI's $10 bn foreign exchange swap to sail through on corporate demand'

The swap involves the RBI buying dollars and injecting rupees in the first leg, which will be settled on Friday, before reversing ​the transaction three years down the line

RBI advocates disclosure of NPA, penalties & inspection info; banks oppose

Information Commissioner Khushwant Singh Sethi referred the matter to a larger bench of the CIC to adjudicate on the issues raised by the banks

Municipal bond issuances hit new record in FY26 due to fiscal support

Backed by AMRUT 2.0 incentives and rising investor demand, India's municipal bond market hits a record, with more cities tapping capital markets in 2025

RBI, North Block may finetune regulations for Viksit Bharat 2047

A report by Knight Frank India said supply-to-demand ratio for affordable housing across the top 8 cities plummeted to 0.36 in 2025 (until June), down from 1.05 in 2019

Simplified Income Tax Act 2025 to come into force from Apr 1: What it means

The new law simplifies the tax timeline by doing away with the distinction between the assessment year and the previous year, replacing it with a single 'tax year' framework

FinMin to review PSBs' progress on unclaimed deposits on January 14

"The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA Fund and the pace of claims settlement across banks

Zero-fraud objective must to maintain public trust: RBI Deputy Governor

Despite falling fraud rates in cards and UPI, India must pursue a zero-fraud goal to protect trust and expand digital payments, RBI Deputy Governor T Rabi Sankar said

Restrictions, penalties are last resort: RBI governor Sanjay Malhotra

RBI Governor Sanjay Malhotra said penalties and restrictions are a last resort, stressing collaboration with banks to curb digital fraud and strengthen customer protection

Post-DPDP, info collected by banks needs to be revisited: RBI official

Banks must reassess the amount of customer data they collect under the DPDP Rules, while continuing to innovate responsibly with AI, an RBI official said

Considering tweaks in insurance commission structure: DFS secretary

The government is considering changes to insurance commission structures to lower acquisition costs and improve affordability, DFS Secretary M Nagaraju said

Ways and Means Advances limit for Delhi govt fixed at ₹890 crore: RBI

WMA are temporary advances given by the RBI to the central, state governments and Union Territories to tide over any mismatch in receipts and payments

Financial institutions must imbibe spirit of regulations: RBI governor

Digitalisation, he said, widening access, enhancing efficiency, improving convenience, and enabling far more tailored financial services

Rupee falls to 90.03 against the US dollar amid 500% US tariff risk

The rupee settled at 90.03 per dollar, against the previous close of 89.89 per dollar

Securitisation volumes rise 5% to ₹1.87 trn in 9 months of FY26: Crisil

NBFCs posted strong year-on-year growth of 35 per cent in the third quarter, driven by robust volumes in gold and vehicle loan pools

Positive business outlook nudges banks to hire for sales growth: Experts

"In terms of hiring strategies for lenders, hiring is now more focused on the business side rather than collections," said a private sector bankers

Rupee strengthens below 90/$ amid RBI intervention via dollar sales

The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar

UBS cuts rupee March forecast to 92, expects short-lived US deal relief

From near 90 per dollar levels currently, UBS's forecast implies a roughly 2 per cent depreciation over three months, well beyond the March ​forward rate that's near 90.55

Rupee steady as RBI support cushions downside amid weak Asian cues

The rupee snapped a four-day losing streak in the last session, with bankers flagging possible support from the Reserve Bank of India