Finance News

Rising state borrowings complicate RBI's rate playbook, pressures yields

Rising state bond supply, which offers higher yields than debt, is pushing investors to demand more from govt securities, complicating RBI's efforts to lower borrowing costs despite recent rate cuts

RBI proposes linking Brics' digital currencies to cut reliance on US dollar

India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time

Soon, single monthly snapshot to reflect all your savings and investments

Investors may soon get a single monthly snapshot of savings and investments across asset classes as Sebi works with other regulators to expand the CAS framework

Centre plans collateral-free microloans for gig and domestic workers

A new scheme will provide loans of up to ₹10,000 to gig workers and domestic helps, modelled on PM-SVANidhi, to support entrepreneurship and small business ventures

New FEMA regulations for exports and imports to take effect from Oct 1

RBI notifies new FEMA export-import regulations effective October 1, 2026, tightening reporting timelines for banks and mandating stricter monitoring via EDPMS and IDPMS

Rupee sees worst single-day fall in 2 months on importer dollar demand

Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses

Union Budget 2026-27: Here're key challenges in financial services sector

Rising unsecured loans, fintech-led credit growth and UPI frauds are straining NIMs, pushing NBFCs to seek refinance support, tax relief and easier recovery norms

Sebi, RBI working closely on bond derivatives: Tuhin Kanta Pandey

Sebi and RBI are working to introduce bond derivatives to deepen liquidity as the regulator pushes reforms to boost retail participation and strengthen India's bond market

Six states to borrow nearly Rs 13,000 crore through bonds on Tuesday

States had borrowed Rs 5 trillion through state bonds in the first half of FY26, with Q2 issuances marginally exceeding the indicative borrowing calendar, the first such instance in seven quarters

RBI to set up central complaints processing centre under Ombudsman Scheme

Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC

EPFO members can withdraw EPF money directly via UPI from April 1

The source stated that the EPFO is trying to resolve software glitches for the smooth implementation of this system, which will benefit around eight crore members

Ringing in a new era in the Union Budget season of records and firsts

As FM Nirmala Sitharaman presents her ninth straight Budget, the finance ministry marks a new era-shifting the historic exercise from North Block to the modern Kartavya Bhawan

RBI mandates auto transfer of unresolved plaints to internal ombudsman

The RBI has directed banks and eligible NBFCs to automatically escalate partially resolved or rejected complaints to the internal ombudsman and convey final decisions within 30 days

RBI asks banks to meet forex risk capital norms on continuous basis

The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

NPCI BHIM Services set to provide Canara Bank with UPI payments tech

Bank will integrate NBSL's bank plugins to host latest UPI features and upgrades on its app, aiming to improve security and scalability while lowering the cost of maintaining an independent interface

Bank holiday today: Are banks closed on Jan 14 for Makar Sankranti 2026?

For the same festivals, banks in India celebrate holidays on various dates. For Makar Sankranti and Magh Bihu, banks in Gujarat, Odisha, Assam, and Arunachal Pradesh will be closed on Jan 14, 2026

Financial activities on non-financial platforms pose challenges: RBI DG

Regulatory actions taken within individual mandates may be sound in isolation yet collectively may not fully address such cross-cutting risks, Murmu said

RBI may introduce licensing regime for corporate business correspondents

Currently, fintechs operating in the segment are not directly regulated by the RBI, with partner banks assuming responsibility for the actions of the companies they contract

Ensure faster grievance redressal, claims settlement: FinMin to insurers

During the meeting, Nagaraju underscored the need to develop new, innovative, customised products to meet the requirements of the younger generation and to provide coverage for emerging risks

Aim to expand UPI's footprint with East Asia push: DFS secy M Nagaraju

Nagaraju further said UPI transactions crossed more than 21 billion in December 2025, underlining the rapid adoption of digital payments in the country