Page 111 - Finance News
RBI to introduce exclusive internet domains for banks and non-banks
RBI proposes additional factor authentication (AFA) for online international 'card-not-present' transactions
 "RBI to introduce exclusive internet domains for banks and non-banks")
SaaS unicorn Perfios acquires financial crime management company Clari5
The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets
 "SaaS unicorn Perfios acquires financial crime management company Clari5")
RBI ends rate cut wait; Sanjay Malhotra stresses 'less restrictive' policy
First repo cut in 5 yrs, of 25 bps to 6.25%, set to ease home loan rates; MPC keeps 'neutral' stance
 "RBI ends rate cut wait; Sanjay Malhotra stresses 'less restrictive' policy")
Intervention aims to maintain stability, orderliness: RBI Governor Malhotra
Market participants said that the Governor's statement suggests that the RBI is indicating a willingness to allow market-driven depreciation while maintaining some level of intervention
 "Intervention aims to maintain stability, orderliness: RBI Governor Malhotra")
Finance ministry may consider rate cut for small savings schemes in FY26
The central bank on Friday reduced the repo rate by 25 basis points to 6.25 per cent from 6.5 per cent following its first monetary policy review of the year
 "Finance ministry may consider rate cut for small savings schemes in FY26")
RBI to postpone digital deposit buffer mandate for banks by 1 year
Originally proposed in July 2024, the RBI's guidelines required banks to set aside an additional 5 per cent 'run-off factor' on digitally accessible retail deposits
 "RBI to postpone digital deposit buffer mandate for banks by 1 year")
Infibeam Avenues' subsidiary receives approval to offer UPI payments
Axis Bank will act as the payment service provider (PSP) bank for RediffPay
 "Infibeam Avenues' subsidiary receives approval to offer UPI payments")
India's forex reserves rise $1.05 bn to $630.607 bn, shows RBI data
This is second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with forex market interventions by RBI
 "India's forex reserves rise $1.05 bn to $630.607 bn, shows RBI data")
Cognida.ai raises $15 million to transform enterprise AI adoption
Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable
 "Cognida.ai raises $15 million to transform enterprise AI adoption")
Experts believe RBI's rate cut to ease interest costs, support growth
MPC maintained the policy stance at 'neutral', which gives flexibility to remain data dependent and respond to exigencies
RBI announces to add bond derivatives to investors' hedging toolkit
Reserve Bank of India Governor Sanjay Malhotra announced the plan in the authority's policy statement Friday
 "RBI announces to add bond derivatives to investors' hedging toolkit")
RBI MPC 2025 Highlights: Endeavour of RBI to provide as much as liquidity as required, says RBI Guv
RBI Monetary Policy Highlights: RBI Governor Sanjay Malhotra announced a 25 bps cut in the repo rate -- from 6.5% to 6.25%
 "RBI MPC 2025 Highlights: Endeavour of RBI to provide as much as liquidity as required, says RBI Guv")
Rupee sidesteps RBI rate cut to end higher, posts worst week in over 2 yrs
The Reserve Bank of India cut its key interest rate for the first time in nearly five years and signalled a less restrictive policy approach, seeking to provide stimulus to a sluggish economy
 "Rupee sidesteps RBI rate cut to end higher, posts worst week in over 2 yrs")
RBI allows 156 vostro accounts with 26 banks for rupee trade settlement
The government in consultation with the RBI, has taken several steps towards increasing the availability and acceptability of the domestic currency and use of other local currencies for cross-border
New income-tax law explained: No new taxes, simplified for common man
Finance Secretary Tuhin Kanta Pandey has already indicated that the new Bill will not have provisos and explanations or long sentences. It will be tax neutral
 "New income-tax law explained: No new taxes, simplified for common man")
Sebi-registered non-bank brokers can directly access NDS-OM, says RBI
Access to Negotiated Dealing System Order Matching (NDS-OM), at present is available to regulated entities and to the clients of banks
 "Sebi-registered non-bank brokers can directly access NDS-OM, says RBI")
Repo rate cut to provide long-awaited relief on interest rates: Experts
Repo rate is the interest rate at which the RBI lends money to commercial banks
Employee unions of state-owned non-life insurers seek 22% salary hike
Groups seek parity with what LIC employees earn, say salary revision due since 2022
 "Employee unions of state-owned non-life insurers seek 22% salary hike")
India can achieve 7% growth rate and should aspire for more: RBI Governor
Projected growth rate of India by RBI stands at 6.6% in FY25 and 6.7% in FY26
Why RBI has asked banks to change their internet domain name to 'bank.in'?
The Reserve Bank of India (RBI) announced the launch of two domains: '.bank.in' for all Indian banks and 'fin.in' for NBFCs
 "Why RBI has asked banks to change their internet domain name to 'bank.in'?")