Finance News

RBI releases draft framework on dividend and remittance of profit

The RBI undertook a review of the existing prudential norms governing the declaration of dividends and remittance of profits, including those applicable to foreign banks operating in branch mode

Govt bond yields soften on better-than-expected cut-offs on SDLs

The yield on the benchmark 10-year government bond settled at 6.61 per cent, against the previous close of 6.64 per cent

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

RBI sets transaction-level materiality thresholds on related-party loans

For banks with assets exceeding Rs 10 trillion, the ceiling for the materiality threshold has been set at Rs 25 crore

Pricing to remain key in largely stable corporate bond market in 2026

Elevated yields may push some companies to loan market

2026 outlook for banking sector: NIMs stable, liquidity challenge looms

After margin pressure and muted credit in 2025, banks enter 2026 with hopes of credit revival, stable asset quality and more investments, though funding and deposits remain key risks

Payments Regulatory Board takes up issues in payment systems in 1st meeting

"The board was also briefed on the major findings of the RBI's recently conducted Survey on Digital Payments," the central bank said

Closely monitor asset quality, RBI Governor Sanjay Malhotra tells NBFCs

Credit extended by NBFCs has been rising over the years, underscoring their growing importance in financial intermediation

Supreme Court asks Centre to consider revising EPF wage ceiling of ₹15,000

The petitioner has submitted that those employees who earn more than the wage ceiling are excluded from availing the EPFO scheme

SBI to promote India-Israel bilateral trade in rupee as FTA talks gain pace

The SBI branch has held several meetings and organised webinars recently in collaboration with the Israel-India Chamber of Commerce to promote trade in rupees

Rupee, bond likely to open weak on Monday amid geopolitical concerns

The rupee may open weaker amid strong dollar demand and geopolitical uncertainty, while heavy state bond supply is set to keep government bond yields under upward pressure

FPIs purchase ₹7,524 crore of debt, highest single day in 7 months

Foreign portfolio investors recorded their highest single-day debt inflow in seven months on January 1, even as they exited FAR securities in December amid rupee weakness

Deposit rate cuts tough for banks as govt retains small savings rates

With small savings rates unchanged for the eighth straight quarter despite RBI cuts, banks face limited room to lower deposit rates amid slowing deposit growth and margin pressure

Govt panel reviews foreign banks' plans to open branches in India

Panel chaired by DFS Secretary M Nagaraju reviewed RBI proposals for foreign banks amid a gradual decline in foreign bank presence and India's push for calibrated financial liberalisation

IFSCA seeks vast changes to develop commodity trading hub at GIFT-IFSC

IFSCA has proposed regulatory changes to notify commodity trading as a financial product and deepen participation at GIFT-IFSC to position it as a global commodities hub

Rupee weakens below 90 due to persistent dollar demand from companies

The rupee breached the 90-per-dollar level amid sustained corporate dollar demand and FPI outflows, even as banking system liquidity turned surplus after two weeks

Rupee weakens on corporate dollar demand as thin volumes cap moves

Rupee settled at 89.97 per dollar on Thursday as corporate dollar demand and muted trade volumes pressured the currency. Analysts expect the rupee to stay range-bound amid global policy uncertainty

Bank credit demand from industry gains momentum as loan growth accelerates

The data showed credit to 'Micro and Small' and 'Medium' industries continued to exhibit double-digit expansion

98.41% of ₹2,000 banknotes withdrawn since May 2023 returned: RBI

About 98.41 per cent of the high-value banknotes in circulation as of May 19, 2023, have since been returned

Banks may soon sponsor pension funds as PFRDA approves major NPS reforms

The proposed framework seeks to remove regulatory constraints that had so far limited banks' participation in pension fund management