Finance News

Over 65% ECBs worth $18 billion routed via GIFT-IFSC in FY26 so far

Experts say simpler rules, tax benefits aid GIFT City's emergence as preferred jurisdiction

RBI surprises market with aggressive pre-open dollar sales, say bankers

The rupee was headed for a largely flat open before the unexpected intervention, with Asian peers showing little reaction to the upside surprise in US payrolls

RBI looks to ban sales incentive to bank staffers from third party

Draft norms seek to curb mis-selling by barring incentives from third parties, mandating refunds and compensation, and prohibiting use of dark patterns

Nabfid, Hudco and Sidbi raise ₹12,000 crore from debt capital markets

Nabfid, Hudco and Sidbi raise nearly Rs 12,000 crore at tight rates, while Nabard plans a Rs 7,000 crore bond issue next week amid cautious market sentiment

DFS drafts Financial Inclusion 2.0 roadmap, focuses on universal banking

Financial Inclusion 2.0 plan aims to deepen access to banking, credit, insurance, pension and digital services, targeting universal coverage by 2047

Overnight swap rates suggest RBI pause, hint at possible rate hike

The move comes in the backdrop of RBI raising its immediate GDP growth and inflation forecasts

Unlisted company margins at a record high, gap remains with listed peers

Earnings in focus amid lacklustre capacity utilisation, and poor pick-up in sales for the latest available FY25 data

Commercial banks reap windfall from surplus liquidity arbitrage

TREP, CD rates crash as RBI stays away from surplus liquidity absorption

Tax department redesigns 30 forms ahead of new Income-Tax Act rollout

The tax department has proposed a major redesign of 30 high-volume income-tax forms to reduce duplication, simplify compliance and support a data-driven regime under the new law

India Inc's ECB and FCCB intent hit FY26 peak in December 2025

Indian companies filed ECB and FCCB proposals worth $4.43 billion in December, the highest monthly amount in FY26, led by NBFCs and infrastructure-linked borrowers

14 states borrow ₹47,620 crore, 11% higher than borrowing calendar

Fourteen states raised ₹47,620 crore at weekly SDL auctions as yields softened marginally and spreads over gilts stayed stable

Finance Minister Nirmala Sitharaman likely to address RBI board on Feb 23

The government has announced a new roadmap to reduce debt-GDP ratio to about 50 per cent by March 2031 from 55.6 per cent in FY27

RBI proposes to raise unsecured loans to 20% of total for urban co-op banks

RBI has proposed raising the unsecured loan cap for urban co-operative banks to 20 per cent of advances, revising norms on unsecured lending and housing loan tenors

RBI proposes deregistration window for NBFCs without public funds

The Reserve Bank of India has proposed exempting certain NBFCs from registration and allowing eligible non-public fund, non-customer-facing entities to seek deregistration within six months

Corporate India's capital expenditure cycle shifts into top gear

At 13.1%, fixed asset creation by leading listed firms hit six-year high in H1FY26

RBI's voluntary retention route move removes parallel limits for FPIs

The RBI has removed the Rs 2.5 trillion cap under the Voluntary Retention Route and merged it with the General Route, easing exit constraints and simplifying compliance for foreign bond investors

EPFO to appoint new partner agencies, change custodian after 15 years

Retirement fund body EPFO is preparing to empanel new partner agencies and appoint a fresh custodian, as it revamps investment, audit and management arrangements

BoB slashes car loan rates by 30 bps to 7.6%, effective immediately

The bank also offers an attractive fixed rate of interest on Baroda car loans, starting at 8.5 per cent per annum

Eway bill generation rises 43% in January, the second-highest ever

E-way bill generation rose to 136.83 million in January, the second-highest monthly level on record, marking a 42.6 per cent year-on-year increase amid stronger goods movement

I-T dept invites stakeholder views on draft rules under new Income Tax Act

As part of a wider consultative process, the Central Board of Direct Taxes (CBDT) invites inputs and suggestions from stakeholders in the four major categories