Finance News
Financial literacy gap flips script: Rajasthan edges ahead of Gujarat
A study by IIM Udaipur finds households in Gujarat and Rajasthan save regularly but lag in investing and retirement planning, highlighting gaps in financial capability
 "Financial literacy gap flips script: Rajasthan edges ahead of Gujarat")
Short-term fluctuations, including FDI outflows closely monitored: RBI Guv
He was speaking at a round-table hosted by Consulate General of India in New York on Monday
 "Short-term fluctuations, including FDI outflows closely monitored: RBI Guv")
RBI draft norms recast PPI rules, tighten limits and interoperability
RBI proposes new PPI norms to tighten risk controls, enable interoperability with UPI and cards, and streamline wallet classification
 "RBI draft norms recast PPI rules, tighten limits and interoperability")
Committed to a single global dollar-rupee market: RBI dy guv Sankar
RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation
 "Committed to a single global dollar-rupee market: RBI dy guv Sankar")
India likely to breach budgeted fiscal deficit target for FY27: BMI
The government in 2026-27 Budget had projected a 4.3 per cent fiscal deficit, a tad lower than 4.4 per cent as per revised estimates for 2025-26
 "India likely to breach budgeted fiscal deficit target for FY27: BMI")
Rupee falls after RBI partially rolls back forex curbs on derivatives
Currency weakens to 93.50 against dollar as RBI eases curbs on derivative trades, while oil prices and global factors continue to weigh on sentiment
 "Rupee falls after RBI partially rolls back forex curbs on derivatives")
RBI allows issuers to map existing e-mandates if cards are reissued
The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said
Five states exceed borrowing plan, raise ₹16,900 crore at auction
State borrowing exceeds calendar estimate at weekly auction, with five states raising Rs 16,900 crore and SDL yields set at 7.64 per cent
 "Five states exceed borrowing plan, raise ₹16,900 crore at auction")
RBI partially eases rupee NDF curbs on banks after market stability
Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline
India Inc's ECB, FCCB intent moderated to $4.59 billion in February
Overseas borrowing proposals decline from January peak, with NBFCs and renewable firms leading intent to raise funds via ECBs and FCCBs
Outbound FDI surged 27.5% in March to $7 billion, shows RBI data
Rise in overseas investment driven by sharp jump in guarantees, even as equity commitments and loans show mixed trends, RBI data indicates
 "Outbound FDI surged 27.5% in March to $7 billion, shows RBI data")
El Niño Impact on rural credit is likely to be lagged, localised
El Niño may not trigger systemic rural credit stress, but risks could emerge later and vary by region, crop cycles and lender exposure
 "El Niño Impact on rural credit is likely to be lagged, localised")
Rupee rises 13 paise to 92.78 against US dollar during early trade
Forex traders, however, said the currency is likely to stay range-bound with the situation in West Asia remaining volatile after Iran closed the Strait of Hormuz for shipping
 "Rupee rises 13 paise to 92.78 against US dollar during early trade")
Parliamentary committees on insurance must expand scope, sharpen focus
As India's insurance sector evolves, experts call for a dedicated parliamentary panel to address emerging risks, consumer protection and regulatory gaps
 "Parliamentary committees on insurance must expand scope, sharpen focus")
Industrial credit growth seen at 9-13% in Jan-June: Ficci-IBA survey
Industrial credit growth seen at 9-13% in H1 2026, led by capex revival and infrastructure demand, with banks signalling steady, not sharp, expansion
 "Industrial credit growth seen at 9-13% in Jan-June: Ficci-IBA survey")
Microfinance business thrown a lifeline but still not out of the woods
The microfinance business will remain cautious for some time to come despite a ₹20,000 cr credit guarantee scheme
 "Microfinance business thrown a lifeline but still not out of the woods")
Rupee may come under pressure as Strait of Hormuz blockade continues
The Indian unit closed Friday at 92.93/$ compared to the previous close of 93.20/$, gaining 0.3 per cent
 "Rupee may come under pressure as Strait of Hormuz blockade continues")
EPFO shifts recruitment to IBPS after NTA exit, eyes annual hiring cycle
Body signs MoU with IBPS for recruitment exams as NTA exits; plans annual hiring cycle to address staffing gaps and streamline processes
 "EPFO shifts recruitment to IBPS after NTA exit, eyes annual hiring cycle")
EPFO delays UPI-linked PF withdrawals to May-end amid final testing
EPFO to enable UPI-based PF withdrawals by May-end under CITES 2.0 upgrade, promising faster access but requiring a brief system shutdown during migration
 "EPFO delays UPI-linked PF withdrawals to May-end amid final testing")
FIEO urges RBI to provide liquidity support amid West Asia conflict
India's export sector has held up well despite a year marked by geopolitical tensions, tariff volatility, said SBI's Ghosh
 "FIEO urges RBI to provide liquidity support amid West Asia conflict")