Page 114 - Finance News

Indian Rupee strengthens to 3-week high as dollar extends fall

The dollar index was down 0.11 per cent, extending the monthly fall to over 3.6 per cent, the biggest since November 2022

Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt

Replying to another question, Sitharaman said it has been decided by the government to constitute the 8th Central Pay Commission (CPC)

State Bank of India shelves $1.7 billion fund raising as yields elevated

The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year

Rupee rises 25 paise to 86.80 against US dollar during early trade

Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery

Indian Rupee opens stronger, trades below 87 mark as dollar extends fall

The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline

BFSI GCCs reach new heights in India with neo and mid-sized banks

Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC

Credit-deposit growth gap likely to dip sharply in FY26: India Ratings

Rating agency says this would be in wake of sharp moderation in incremental LDR in February

IndusInd Bank case a rare instance when RBI cited its 'LOLR' role

Central bank can rescue a bank that is solvent but has temporary liquidity woes

New India Bank case: Accused surrenders before EOW; six arrested so far

Arunachalam Ullahanathan Maruthuvar (62), who had been absconding for the past month, surrendered at the EOW office in south Mumbai in the morning

Financial services adoption increases with more women participation

The survey was conducted across 10,000 agents in the country, recording financial transactions of women consumers

Rising micro loan stress: Lenders tap digital debt collection platforms

Spocto X and Credgenics are end-to-end debt collection platforms focused on digitizing the entire collection process

NaBFID in talks with ADB, WB for counter-guarantees to infra projects

DFI's loan book expected to touch Rs 3 trillion by FY28

Sa-dhan seeks new MFI refinance body, calls for more equity support

Sa-dhan has urged the government to set up a dedicated MFI refinance body and increase flexibility in the India Microfinance Equity Fund to address funding challenges in the microfinance sector

RBI awarded digital transformation Award 2025 for digital initiatives

The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI's internal and external processes

Flipkart-backed super.money joins top five UPI apps club: NPCI data

The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month

Securitised pools face pressure as collections dip on unsecured loans

The collections of microfinance pools have declined to about 90 per cent in the third quarter of financial year 2025 (Q3FY25) from around 97 per cent at the beginning of this year

Climate risks: RBI moots common pool of projects to enhance financing

Stressing the need for regulated entities to consider creating a common pool of bankable projects for climate related finance, RBI Governor said

FM Nirmala Sitharaman to launch PM Internship Scheme app on Monday

The FM will also launch the first facilitation centre for the Internship Scheme being set up in Kolkata by the Ministry of Corporate Affairs in collaboration with the Confederation of Indian Industry

AA ecosystem consent processing up 78% in FY25, shows Sahamati data

The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021

RBI to set up 'On Tap' cohort on climate change risks: Guv Malhotra

As a central bank, he said the RBI is mindful of its role in addressing and mitigating risks to the financial system from climate change