Page 105 - Finance News

Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets

Credit grew faster than deposits

Banks park record Rs 4.13 trillion with RBI in standing deposit facility

This marked the highest amount banks have parked in the SDF since its introduction in April 2022

Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation

The India Fintech Foundation (IFF) has 100 members at present

Ujjivan SFB rises after total deposits climb 20% to Rs 37,617 cr in Q4

Credit-deposits ratio declined to 85.4% as of 31st March 2025 as compared with 94.7% as of 31st March 2024

Rupee ends 20 paise stronger; Dollar's comeback keeps currency above 85/$

The domestic currency strengthened 20 paise to close at 85.24 against the greenback after closing at 85.44 on Thursday

Paytm unveils silent 'Mahakumbh Soundbox' with screen for discreet payments

The new product, launched at Startup Mahakumbh event in Delhi, can be useful for vendors who prefer not to have payment details spoken out loud, especially for transactions involving big amounts

As Mudra turns 10, signs of beneficiaries moving into higher loan bracket

The share of Shishu accounts declined to 51.7% of the total in FY25 while Kishor accounts' share has increased to 44.7%, suggesting some Shishu account holders have grown and availed Kishor loans

Broad-based transmission of policy rates still some way off, say experts

RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week

Banks propose RBI switch to overnight liquidity management, new benchmark

The 14-day variable rate repo, or reverse repo, has been the RBI's main cash management tool since a change in 2020 that was intended to reduce lenders' reliance on the central bank

Indian Rupee slips below 85/$; Gains 38 paise at open as dollar, oil slides

The domestic currency strengthened 38 paise to open at 85.06 against the greenback after closing at 85.44 on Thursday

India subprime loans on edge of crisis with distress among 68% borrowers

The $45 billion industry will probably muddle through its latest difficulties, though analysts want the central bank to come up with more robust supervision

Razorpay POS sees surge in offline payments across merchant network

The company recorded growth across categories such as apparel, bookstores, cafes and restaurants, and jewellery, among others, between April 2024 and March 2025

Banks pitch SORR as overnight benchmark ahead of RBI policy meeting

The central bank has been conducting a series of interactions with banks, seeking feedback to tide over the liquidity crunch in the banking system and improve monetary transmission

Rupee inches up as dollar index moderates on US economic growth concerns

The dollar index, which measures the strength of the greenback against a basket of six major currencies, dropped below the 102 mark on Thursday

Finance ministry asks banks to work on deposit mobilisation strategies

The meeting was chaired by the Department of Financial Services (DFS) Secretary M Nagaraju with the PSB chiefs and select private sector banks

RBI maintains FPI investment caps in govt securities, corp bonds for FY26

The Reserve Bank of India (RBI) maintained the existing caps of 6 per cent for government securities, 2 per cent for state government securities and 15 per cent for corporate bonds

Piramal Finance raises Rs 2,300 crore via external commercial borrowing

The facility carries a tenor of three years and is fully hedged, ensuring mitigation of foreign exchange and interest rate risks, the press release added

UPS may be replicated to other stakeholders of NPS: Finance Secretary

The government has recently introduced the UPS under NPS for central government employees. The scheme is effective from April 1

EPFO eases withdrawal process, no need for bank account verification

The move is expected to fast-track claim settlement process for nearly 80 million members and ensure ease of doing business for employers

Indian Rupee ends 7 paise stronger; US tariffs spark dollar, oil selloff

The domestic currency strengthened 7 paise to end at 85.44 against the greenback after closing at 85.51 on Wednesday