Finance News

RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr

Additionally, the central bank also purchased ₹40,000 crore worth of government securities via the Open Market Operations (OMO) auction

FinMin sets Rs 17.31 trillion MSME lending target for PSBs in FY26

MSME lending target for PSBs raised 19.5%

Borrowers may gain from lower rates under RBI draft co-lending norms: ICRA

RBI has proposed that the blended rate of interest is to be calculated as an average rate of interest derived from the interest rates charged by respective funding regulated entities

Indian Rupee gains 30 paise; Ends at 85.38/$ on FII inflows, weak dollar

The domestic currency ended 30 paise stronger at 85.38 against the greenback, after closing at 85.68 on Wednesday

Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows

The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

Rupee gains for third consecutive session as dollar continues to weaken

The Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar buys, which capped the rupee's gain against the greenback, said dealers

DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid

The body represents 120 members in regulated and unregulated firms engaged in digital financial services

Indian Rupee gains for third straight day; Ends 9 paise higher at 85.68/$

The domestic currency strengthened 9 paise to end at 85.68 against the greenback after closing at 85.77 on Tuesday

Indian Rupee gains for third session; Opens 16 paise stronger at 85.61/$

The domestic currency strengthened 16 paise to end at 85.61 against the greenback after closing at 85.77 on Tuesday

ICICI Bank slashes savings account deposit interest rate by 0.25%

The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings

Ajay Narayan Jha steps down from Finance Commission with 6 months to go

The former finance secretary was appointed secretary, expenditure, in the Ministry of Finance in October 2017 and remained in office until February 2019

Rupee breaches 86 per dollar level on US President Trump's tariff relief

The dollar index was trading a tad lower at 99.70, against the previous close of 99.75

Festive lending slowed in Q3 amid strict norms, tight liquidity: Report

Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24

ED leads finance ministry pack, but conviction rates offer cold comfort

The finance ministry houses a dozen or so investigative agencies but the large pendency of cases in various courts and tribunals raises questions about where their efforts are headed

Indian Rupee extend gains to close at 85.77/$; Ends 28 paise higher

The domestic currency strengthened 28 paise to end at 85.77 against the greenback after closing at 86.05 on Tuesday

RBI's liquidity infusion plan pushes govt bonds to over 3-year highs

Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday

India moves to deepen junk debt market by allowing bad loan securitisation

Reserve Bank of India (RBI) said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track

Indian Rupee opens at 85.87/$; Gains 17 paise on hopes of tariff relief

The domestic currency strengthened 17 paise to open at 85.87 against the greenback after closing at 86.05 on Friday

India planning to bring 300 million new users onto UPI payments platform

The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones