Finance News

Matter of liquidity: How the RBI manages cash in the banking system

Why the central bank relies on a mix of short- and long-term tools to keep money in check

RBI MPC meet from Oct 5-7: Will RBI hike the repo rate this time?

RBI's MPC will meet from October 5-7 to decide on interest rates; economists expect a 25-basis-point hike to 5.5 per cent as inflation rises and global central banks tighten policy

Indian banks faced $500 million FX losses after RBI position curbs

Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive

Business Standard poll: RBI may hike repo rate by 25 bps in October meet

RBI may raise repo rate by 25 bps in October as higher crude prices raise inflation risks, while resilient growth could prompt an upward revision to the FY27 growth forecast

UPI continues to grow strongly, volumes up 23% at 24.07 bn in September

Clocks highest daily avg volume of over 800 mn transactions

Gross GST collections rise 14.7% to over ₹2.03 trillion in September

Domestic GST revenue rose 10.1 per cent, while collections from imports jumped 26 per cent; net GST collections increased 18.1 per cent after refunds

ESOP tax treatment uncertain as courts differ on pre-exercise payouts

Divergent court rulings on vested but unexercised ESOPs create uncertainty over whether employee payouts are taxed as salary or capital gains

Healthier balance sheets drive credit upgrades across sectors in H1FY27

Credit ratios improved across rating agencies as lower leverage and healthy liquidity supported firms, though crude prices, inflation and US tariff uncertainty pose risks

Interest rates on small savings schemes remains unchanged for Oct-Dec

As per the notification, deposits under the Sukanya Samriddhi Scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent during Q3

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

Rupee steadies near 96/$ as outflows weigh, RBI intervention cushions

The rupee was at 95.97 per dollar at 11:30 ‌a.m. IST in Mumbai, little changed from its close at 95.98 in the previous session

Rupee declines to 96.14/$ on rising oil prices, portfolio outflows

The ‌rupee declined to a low of 96.1475 per dollar, down nearly 0.2% on the day, before trimming losses on likely intervention by the Reserve Bank of India

Nomura projects terminal repo rate of 5.75% following Oct, Dec hikes

The RBI is likely to raise rates by 25 basis points in both October and December policy review meetings, reaching a terminal rate of 5.75 per cent, according to Japanese brokerage Nomura.

Half of govt ad spend on ten schemes went to GST Bachat Utsav: RTI

GST Bachat Utsav gets ₹27.1 crore, half of government's ad spend on 10 key schemes between FY24 and FY26

75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe

18% GST on merchant discount rate could be reviewed

Insurers seek softer landing on Irdai commission cuts in meet with chief

Ajay Seth meets insurers; industry seeks glide path on commissions, differentiated EoM limits

I-T dept extends corporate tax audit, ITR filing deadlines by three weeks

In a statement, the Central Board of Direct Taxes (CBDT) said the due dates for both the compliances have been extended

SC asks Centre to explain UPI charges above ₹2,000, refuses to stay levy

The Supreme Court has asked the Centre to explain the basis for UPI charges above ₹2,000, but refused to stay the new framework set to take effect from October 15

Rupee falls 20 paise to 95.95 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.89 against the American currency and lost further ground to touch 95.95 against the American currency

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion