Finance News

India's foreign exchange reserves rise by $7.26 billion to $674.19 billion

India's foreign exchange reserves increased by $7.26 billion in the latest reporting week, supported by a rise in foreign currency assets and gold reserves, RBI data showed

Rupee rises 15 paise to 95.32 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback before slipping to 95.32, up 15 paise from its previous close

RBI faces $100 billion unwinding challenge after record defence of rupee

With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date

Datanomics: Housing, gold loans drive household debt to a decade high

RBI has cautioned that global shocks, including the West Asia conflict, could weaken borrowers' repayment capacity despite stronger household credit profiles in FY26

NBFCs strengthen treasury teams after RBI opens term money market

NBFCs are hiring treasury specialists in money market operations and liquidity management as the RBI's proposal to widen access to the term money market reshapes funding strategies

Securitisation volumes rise 20% in Q1 as NBFCs drive market growth: ICRA

India's securitisation market grew about 20 per cent in the first quarter of FY27, with NBFCs driving issuances as gold loans emerged as the largest asset class, ICRA said

Will AI be making UPI payments for you now? Here's how it may work

NPCI is reportedly developing a Unified Agent Protocol (UAP), a proposed framework to verify and authorise AI agents within the UPI ecosystem.

Swift launches blockchain platform for 24x7 cross-border payments

The global messaging network said 17 banks, including HSBC, Citigroup, BNY Mellon, Standard Chartered and UBS, will pilot live cross-border transactions using tokenised deposits

Rupee slips 4 paise to 95.52 against US dollar during early trade

The Indian currency came under pressure as crude oil prices rose after fresh US-Iran tensions, although gains in domestic equities helped limit the losses

Australia's largest pension fund invests $346 ‌million in India's NIIF

The fresh commitment takes the pension fund's total investments in India to A$3.3 billion, ahead of Prime Minister Narendra Modi's business engagements in Australia

India may allow agentic AI-led UPI transactions under new NPCI protocol

NPCI is developing a Unified Agent Protocol to enable trusted AI agents to make UPI payments, positioning India at the forefront of agentic commerce

Mobilisation test: Foreign banks' leverage key to FCNR (B) inflows

Foreign banks' India exposure limits may shape FCNR(B) inflows as Indian lenders tweak deposit rates and tenors to attract NRI funds under the RBI scheme

GenZ is giving credit card market a new swipe beyond metros: Report

Half of India's first-time credit card users are from Gen Z and 46 per cent are from semi-urban and rural markets, reflecting changing patterns in formal credit adoption

India should shift financial inclusion focus to financial health: PwC-Dvara

India should shift its financial inclusion agenda from expanding access to improving household financial health, as wider account ownership alone has not improved resilience, says a report

EPFO rolls out upgraded CITES platform, FY26 PF interest by July 15

EPFO has launched the upgraded CITES 2.01 platform, enabling faster claim processing and service delivery, with FY26 provident fund interest set to be credited by July 15

Reputation biggest risk for Indian fintechs, ahead of cyber, AI: Report

Nearly 59 per cent of fintechs surveyed rated reputation and brand damage as a high-severity risk, ahead of infrastructure, competition and data privacy concerns

Rupee declines 20 paise to 95.16 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar before slipping further to 95.16, down 20 paise from its previous close

S&P sees risks for Indian microfinance lenders' $35 billion loan book

The sector had been under stress for the last two years after rapid credit expansion left many borrowers over-leveraged, driving up defaults and prompting lenders to tighten underwriting standards

Rupee posts biggest single-day gain in three weeks on debt inflows

The rupee rose 0.46 per cent against the US dollar on Tuesday, supported by sustained debt inflows, easing demand from oil companies and a weaker greenback

Commercial realty, gold loans propelled NBFC credit growth to 14.2% in May

Commercial real estate loans grow over 40%, while gold loans grow 70% and consumer durable loans grow 42%