Page 11 - Finance News

RBI withdraws over ₹6 trillion of bank liquidity after record spike

The Reserve Bank ​of India received offers worth ₹3.53 trillion at an overnight auction, right ‌after banks parked ₹2.59 trillion through a 30-day auction

Rupee rises 4 paise to 94.39 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar, then touched 94.39, registering a gain of 4 paise from its previous close

GST Council meeting postponed, likely to be held in Delhi on October 7

GST Council meeting postponed, likely to be held in Delhi on October 7

PFRDA moots guaranteed pension plans, in talks with finance ministry

In talks with finance ministry; access to derivatives is key

RBI's 30-day VRRR auction raises odds of rate hike in October policy

Fx reserves swell to nearly $741 bn, driven by rush of swap dollars

India's forex kitty jumps $11.47 bn to fresh all-time high of $740.8 bn

In the previous reporting week, the kitty increased $12.422 billion to a $729.328, then a record high

Microfinance recovery to help SFB gross NPAs decline in FY27: Crisil

Improvement will be driven by a recovery in microfinance credit performance and a rising contribution from non-microfinance loans, where asset quality is expected to remain stable

RBI absorbs ₹6.02 trillion via VRRR auctions amid record liquidity surplus

The RBI absorbed ₹6.02 trillion of surplus liquidity through two three-day VRRR auctions as banks parked funds with the central bank amid large inflows from the special FCNR(B) deposit scheme

India's card use set for steady growth on convenience, inclusion: Report

India's card payments are set for steady growth as financial inclusion, rising incomes and easier access drive electronic transactions, while rewards and instalment options boost credit card use

India's record diaspora inflows leave RBI facing potential $10.6 bn bill

India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management

RBI steps in again to support rupee as oil prices, Asian currencies weaken

The RBI stepped up dollar sales near the start of Friday's session and continued its intervention through the day, helping the rupee withstand higher oil prices and weakness in Asian currencies

Rupee rises 5 paise to 94.46 against US dollar during early trade

The rupee gained 5 paise to 94.46 against the US dollar in early trade, supported by expectations of stronger foreign inflows and improved risk appetite, while higher crude prices may limit gains

Datanomics: Dollar inflows through swap windows far exceed 2013 levels

The move, announced on August 14, aims to cap dollar inflows that have already outpaced the $26 billion raised in 2013, when then RBI Governor Raghuram Rajan launched a similar swap scheme

RBI's dollar sales, robust swap inflows lift rupee to 10-week high

Liquidity surplus at record high of ₹9.7 trn; call rate drops below 5%

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

Revolving credit ban will impact a larger section, NBFCs tell RBI

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity

Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector

RBI's forex swap window draws $136.37 billion, FCNR (B) leads inflows

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

Temasek Trust's philanthropy group expands India network, backs 2 ventures

Temasek Trust's Philanthropy Asia Alliance is expanding in India with support for education and rural women ventures, while exploring climate, health and AI-led solutions

FCNR(B) inflows cross $100 billion, beat RBI's $80-billion estimate: Report

The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11