Page 12 - Finance News

Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know

Tax experts say one of the biggest misconceptions among taxpayers is that the income-tax department watches every small UPI transaction in real time

Rupee rises 5 paise to 95.77 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close

Banks double cyber insurance cover to $100 mn as digital threats intensify

Higher cyberattacks, rising claim severity and tighter regulatory scrutiny are prompting banks and financial institutions to significantly increase cyber insurance cover

Monsoon Session: PSBs' profit nearly trebled in 5 years, says FinMin

Public sector banks posted a record ₹1.98 trillion profit in FY26 as bad loans hit a historic low and credit growth remained strong across retail, MSMEs and agriculture

Lender fixes accountability: HDFC Bank clears path for CEO call

With the legal review and the MSRDC deposit issue now closed, HDFC Bank's board is expected to take up Managing Director and CEO Sashidhar Jagdishan's reappointment

Rupee rises for third session on softer crude, firmer dollar caps gains

The rupee gained on lower crude oil prices and RBI-linked dollar sales, but a stronger dollar ahead of the US Federal Reserve's policy decision limited the upside

33% finfluencers recommend stocks but only 6% are Sebi registered: Report

The report notes that a significant proportion of the 48 prominent Indian finfluencers analysed continue to fall short of disclosure and transparency standards

Govt considering proposal to ease FDI norms for downstream investments

The government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs, sources said

Govt accepts ₹12,604 crore in G-Sec buyback against ₹20,000 crore offer

The government accepted Rs 12,604 crore of bids in the buyback auction as part of its strategy to retire short-dated securities and smooth the redemption profile

Rupee rises 11 paise to settle at 95.88 against US dollar amid oil dip

According to forex traders, the sustained outflow of foreign capital amid selling pressure in domestic equity markets, and elevated dollar index ahead of the Fed Reserve policy decision, capped gains

Rupee rises to near two-week high of ₹95.70/$ as RBI support bolsters rally

The rupee had dropped sharply last week but has since recovered about 1% to trade at 95.70 per US dollar, against 95.91 in the ‌previous session

RBI proposes demat-only securitisation notes, retains ₹1 crore ticket size

Draft amendments require commercial banks to issue securitisation notes in demat form while retaining the ₹1 crore minimum investment size for issuance and transfers

Bank balance sheets alone can't fund Viksit Bharat ambitions: RBI DG Jain

RBI Deputy Governor Rohit Jain says India must deepen bond, forex and derivatives markets, as bank financing alone cannot support the investment needed for Viksit Bharat

BharatPe, Centrum Financial Services lock horns over Unity SFB capital move

Court restrains lender from taking up authorised share capital increase without BharatPe's approval as shareholders dispute warrant conversion and potential stake dilution

Crypto exchanges, companies welcome new crypto-asset reporting framework

CBDT's Crypto-Asset Reporting Framework sets tax reporting norms for crypto firms from 2026, boosting transparency and paving the way for a clearer regulatory framework

CBDT's crypto asset tax reporting: What it means for exchanges, investors

Objective of guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system

RBI intervention lifts rupee to strongest one-day gain in over a month

The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar

India may attract up to $85 billion under RBI's swap facility: Report

The Reserve Bank of India (RBI) introduced the swap facility on June 5, 2026, as part of a host of measures to strengthen India's balance of payments and incentivise capital inflows

Gold loan-backed PSLC sales boost PSBs' non-interest income in Q1FY27

Strong growth in gold loan portfolios enabled public sector banks to exceed priority sector targets and earn higher fee income by selling surplus PSLCs in the June quarter

Rupee rises 28 paise to 96.25 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level