Page 15 - Finance News

RBI doesn't target rupee level, fall due to dollar demand: Guv Malhotra

The RBI Governor says rupee's fall is due to dollar demand, not policy moves, assures strong forex buffers and highlights improving strength of Indian banks

NBFCs seek refinance window, tax tweaks in pre-Budget meeting with FM

Industry representatives push for a dedicated refinance line, SARFAESI changes and tax alignment to support funding and recovery

Investment rate of 32% needed to achieve over 7% growth: EAC-PM chief Dev

PM EAC Chair Mahendra Dev said India must lift investment to 34-35% and raise savings to sustain 7%+ growth, stressing private investment, labour-intensive manufacturing and stronger exports

Trai sets deadlines for BFSI to adopt '1600' series for official calls

Trai said the direction has been issued "to enhance consumer trust, curbing spam, and preventing fraudulent activities perpetrated through voice calls"

RBI's inflation model under fire as persistent overestimates draw scrutiny

The central bank's inflation miss in the first three months of the year was 0.7 percentage points - the biggest gap in almost six years, and well above economists' projections

India in talks with 7-8 countries to extend UPI services: DFS secretary

India plans to expand UPI to 7-8 more countries by next year as DFS says the goal is to prioritise Middle East and East Asia, even as banking health strengthens and insurance remains a key focus

SBI chief pitches for national financial grid to check digital frauds

It will be a dedicated intelligence infra company that will enable real-time intel sharing among banks and other financial-sector participants to strengthen customer protection against digital frauds

CBDT confident of meeting FY26 tax target; refund checks slowing outflows

Chairman Ravi Agarwal says the department expects to meet its ₹25.2 trillion direct tax goal for FY26, with refunds slowing due to verification of incorrect claims and a dip in filings this year

GST reforms expected to ignite animal spirits in financial sector: DEA secy

Recent uncertainties created by global tariffs have not impacted the Indian economy severely, she said

The Sixteenth Finance Commission submits its five-year fiscal blueprint

Panel's recommendations sent to PM and finance minister; report to be tabled in Parliament

Insurance could be exempted from GST so that insurers can claim ITC: LIC MD

LIC MD Ratnakar Patnaik urges the government to exempt insurance from GST to restore input tax credit and suggests raising the tax threshold for high-value insurance policies

ITR forms, rules under new Income Tax Act to be notified by Jan: CBDT chief

The intent of the department is to keep the I-T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961, CBDT chief Ravi Agrawal said

RBI's export relief may dent dollar flows, pressure rupee, say bankers

The RBI on Friday announced a package of relief measures to help exporters cope with the pressure from US tariffs, including extending the export realisation window to 15 months from nine

RBI's 10% Tier-I cap on acquisition financing restrictive, say bankers

Experts suggest 30% equity contribution should include preference shares and convertible instruments

Treading with care at a new frontier: RBI cautious on banks' M&A funding

Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models

Card payments get a tech lift as fintechs expand device tokenisation

This contrasts with card-on-file tokenisation (CoFT), where tokens are stored on the merchant's or the payment processor's servers instead of the user's device

Tax and tariff disruptions reshape supply chains as strategic engines: PwC

PwC India's survey says shifting tariffs, uncertainty are testing supply chain resilience, even as firms underuse AI, face rising ESG pressures and struggle to give supply chains strategic influence

RBI in 'formidable position' to fulfil public policy mandates: DG Murmu

RBI Deputy Governor Shirish Chandra Murmu says the central bank's economic capital, risk buffers and revaluation practices place it in a strong position to meet its policy mandates

ICL Fincorp to launch ₹100 crore NCD issue offering 12.62% effective yield

The issue has a base size of Rs 50 crore and a green-shoe option of Rs 50 crore. The instruments are rated BBB- by domestic rating agency Crisil

Banking system credit grows 11.3% in October 31 fortnight: RBI data

According to the data, banking system credit stood at Rs 193.9 trillion, while deposits stood at Rs 241.7 trillion during this period