Page 106 - Finance News

Indian Rupee opens at 85.73/$; Slips 22 paise amid tariff concerns

The Trump administration slapped a 26 per cent tariff on imports from India

Run up to MPC review: RBI actively focusing on policy rate transmission

Amid fiscal consolidation, heavy lifting by central bank to support economy

Small transactions drive 7.8% drop in UPI payments' average ticket size

The ticket size for peer-to-peer UPI payments was recorded at Rs 2,666 in H2 2024

RBI's Rs 80,000 cr OMO push drags 10-year government bond yield under 6.5%

State-owned banks rushed to replenish their held-to-maturity (HTM) portfolios ahead of the auctions, further driving yields lower, according to dealers

Poonam Gupta: Deputy RBI governor's focus could be liquidity conundrum

Her appointment comes less than a week before a meeting of the monetary policy committee

Indian start-ups raised $1.23 bn venture debt in 2024: Stride Ventures

The global venture debt market has been growing at a CAGR of 14 per cent

Indian cos raise Rs 58,000 cr in FY25 from overseas capital market

Lower hedging cost, demand for high-yield paper, need to diversify borrowing sources drove the fund raise

NPCI expands AI use to enhance customer safety in digital transactions

NPCI is conducting a pilot study in collaboration with public and private sector banks to integrate Artificial Intelligence (AI) and Machine Learning for strengthening customer safety

UPI payments face outage for third time in a week, NPCI flags latency

This is the third time processing UPI payments has faced an outage

Govt appoints Sivasubramanian Ramann as the next PFRDA chirperson

Ramann, who is currently serving as the deputy comptroller and auditor general (CAG) and chief technology officer at the CAG of India, has been appointed for a tenure of five years

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

NPCI appoints industry veteran Rajola as executive director of growth

Rajola will be responsible for driving the adoption of NPCI's payment solutions

UPI outage hits transactions as year-end rush strains bank servers

A surge in UPI transactions and year-end bank closures led to a system outage, causing transaction failures, which the NPCI attributed to high volumes and financial year-end settlements at banks

UP Co-operative Bank outpaces commercial lenders in loans, advances

UPCB has achieved a credit deposit (CD) ratio of over 72 per cent, higher than the overall banking sector's CD of 61 per cent in UP

Indian Rupee ends at 85.51/$ as markets focus on tariff announcement

Trump is expected to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden

Govt appoints Poonam Gupta as new RBI Deputy Governor ahead of MPC

The government has appointed NCAER Director General Poonam Gupta as the RBI Deputy Governor for a three-year term

Indian Rupee opens 21 paise weaker at 85.68/$ with Trump tariffs in focus

Tracking the fall in the dollar index, the currency appreciated by 2.39 per cent in March, registering the best month since November 2018

Microfinance stress continues to affect loan originations: CRIF data

Rising delinquencies, over-leverage strain the sector

UPI clocks new record in value and volume in March after dip in Feb

Digital payments system tops Rs 24 trn in value and 19 billion in volume for first time

RBI announces Rs 80,000 crore OMO buys before MPC review meeting

Banking system liquidity turned surplus after 4 months