Page 101 - Finance News

Taxing times: I-T department tightens scrutiny of FPIs based in Mauritius

Over half a dozen receive demand letters from dept

PSBs red flag technical glitches in implementing PM Vidyalaxmi scheme

Among the key issues highlighted are persistent technical glitches, including repeated login failures due to server-level errors and frequent auto logouts from the portal

Bank of Maharashtra cuts repo-linked lending rate by 25 bps to 8.80%

The reduced rates will make loans more affordable and enhance the financial well-being of its customers

UPI outages lasted 282 minutes across two incidents in 2022, 2025

The longest outage, lasting 187 minutes, was in January 2022

OIS rates fall significantly on expectations of deeper rate cuts by RBI

Market participants said that the fall in overnight rates further weighed on OIS rates

Banks seek power to freeze accounts in case of illicit transactions

"In light of this, we may propose this as a suggestion for further consideration by the RBI," a working group constituted by the Indian Banks' Association said in a report

IOB reduces repo-linked lending rate by 25 basis points following MPC cut

The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27 per cent tariffs on Indian imports to the US by President Donald Trump

UPI down again: Google Pay, Paytm, PhonePe hit amid widespread disruption

Users reported failed payments and problems with fund transfers as the most common issues

Will money in hand from tax breaks in FY26 make its way to realty buys?

Realty majors hopeful of mid-level housing revival; But experts say education, savings may take priority

RBI to conduct extra Rs 40K cr OMO purchase to infuse durable liquidity

The RBI has infused Rs 2.9 trillion via OMO auctions so far. It has also infused Rs 2 trillion via long-term variable rate repo (VRR) auctions

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Some analysts noted that gold loan financiers may consider increasing interest rates on such loans

Rupee logs biggest single-day gain in over 2 years on falling crude prices

The rupee settled at 86.05 per dollar on Friday, against 86.70 per dollar on Thursday. Last week, it had settled at 85.23 per dollar

RBI to mandate application submissions via Pravaah portal from May 1

In a statement, the Reserve Bank said it is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency

One-third of digital payments in 2024 are driven by credit use: Report

According to a report by digital payments fintech Phi Commerce, UPI has become a transformational product in digital payments responsible for 65 per cent of total transactions

Commerce ministry alerts customs to monitor imports, exports vigilantly

The concerned line ministries and industry associations have also been asked to provide inputs on the surge in imports and its impact on the domestic industry

Indian Rupee logs best session since March 2023 as dollar weakness deepens

The domestic currency strengthened 64 paise to end at 86.24 against the greenback after closing at 86.69 on Wednesday

Rupee gains 45 paise; Opens at 86.24/$ as dollar, oil prices extend slide

The domestic currency weakened 45 paise to open at 86.24 against the greenback after closing at 86.69 on Wednesday

Home, auto loans turn cheaper after RBI cuts policy repo rate by 25 bps

Loans to mid and large corporates are linked to the marginal cost of funds based lending rate or MCLR which is yet to come down

The sector that didn't flinch: BFSI shines as markets face turbulence

Here are 10 stocks across different segments of the BFSI universe that have held up well in the past six months - and may have more room to run

Average call, policy repo rate spread narrows as liquidity improves

The WACR moved in tandem with policy repo rate. Additionally, the overnight rates in collateralised segment - that is, triparty repo (TREPS) and market repo - broadly remained aligned with WACR