Finance News

IndusInd Bank MD and CEO Sumant Kathpalia resigns with immediate effect

Bank seeks RBI nod for panel to discharge CEO duties

NPCI issues two circulars on API usage amid rising UPI disruptions

NPCI has asked banks to enforce changes in the response time of UPI APIs by June 16

10-year bond yields fall 6 bps after RBI's open market operation plan

Foreign banks net sell Rs 9,800 crore in one week to book profit after fall in yields

Evren raises $100 mn from ALTÉRRA to build 11 GW clean energy pipeline

The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh

Sovereign bonds rally after RBI unveils large-scale debt purchase plan

The benchmark 10-year yield fell seven basis points to 6.33 per cent to trade near a three-year low. The 7.1 per cent 2034 bond also slid by the same magnitude

Indian rupee loses steam after slipping under 85/$; opens 5 paise lower

The domestic currency opened 5 paise lower at 85.08 after ending at 85.03 against the greenback on Monday

Rupee rallies to under 85 vs dollar intraday on strong equity inflows

RBI to conduct OMO to purchase Gsec worth ₹1.25 trillion

NPCI directs UPI members to follow new API guidelines to avoid disruptions

For instance, this includes restricting a high number of repeat APIs for the same or older transactions

Norms on forwards likely to boost demand for 10-15-year state bonds

The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points

Inherent risks in sustainable finance drive up lending costs: RBI's Rao

He noted that this prompts private sector investors and lenders to seek appropriate de-risking mechanisms

RBI to infuse Rs 1.25 trillion worth of liquidity via bond purchases

The first tranche of Rs 50,000 crore is scheduled for May 6, followed by three tranches of Rs 25,000 crore each on May 9, 15 and 19, respectively

Indian Rupee opens 12 paise higher at 85.33/$ amid steady FII inflows

With three sessions remaining in this month, the currency is on track to end April with gains of 0.20 per cent

MP has received investment proposals worth Rs 20,000 crore: CM Yadav

Yadav was speaking with reporters after attending the daylong Madhya Pradesh Tech Growth Conclave 2025' in Indore on Sunday

Uttarakhand to strengthen startups, sets up venture fund of Rs 200 crore

CM Dhami said that a venture fund of Rs 200 crore has been set up to boost entrepreneurship in the state

Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra

RBI governor says rupee's orderly movement reflects strong macro fundamentals

Axis Bank plans to raise Rs 20,000 cr through stake sale, debt issuance

The Mumbai-based bank plans to raise 350 billion rupees ($4.1 billion) through local rupee bonds or foreign currency bonds, Additional Tier-1 bonds, infrastructure bonds and other debt, the bank said

Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm

Pahalgam terror attack: Rupee, bond weaken on rising India-Pak tension

The rupee settled at 85.45 per dollar on Friday, against the previous close of Rs 85.27 per dollar. It depreciated up to 85.67 against the dollar during the day

Indian Rupee falls 18 paise to 85.45/$ as tensions escalate with Pakistan

The domestic currency closed 18 paise weaker at 85.45 after ending at 85.27 against the greenback on Thursday

RBI's cash infusion to aid more rally in short bonds, says Nomura

The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action