Page 16 - Finance News
Finance ministry to vet ongoing schemes for 16th Finance Commission
Ministries asked for five-year outlays and outcome assessments
 "Finance ministry to vet ongoing schemes for 16th Finance Commission")
Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju
DFS secretary M Nagaraju flags a sharp fall in loan accounts and disbursals, urges MFIs to introspect, consolidate operations, and revive passion for financial inclusion
 "Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju")
SBI aiming to modernise its core banking infrastructure in next 2 years
India's largest lender is overhauling its IT backbone for agility, scale, and AI-led efficiency
 "SBI aiming to modernise its core banking infrastructure in next 2 years")
Banks move to '.bank.in' domain from '.com': Here's why RBI made the change
Starting October 31, the Reserve Bank of India asked all banks to move their websites to the new '.bank.in' domain to stop phishing scams
 "Banks move to '.bank.in' domain from '.com': Here's why RBI made the change")
super.money issues 470,000 RuPay credit card in partnership with banks
Fintech super.money issued over 4.7 lakh RuPay credit cards through Axis Bank, Kotak811, and Utkarsh SFB, expanding access to first-time credit users across India
 "super.money issues 470,000 RuPay credit card in partnership with banks")
Draft ECL framework: Banks plan to move RBI for lower Stage-II floor
Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30
 "Draft ECL framework: Banks plan to move RBI for lower Stage-II floor")
Nine states raise ₹15,560 cr at weekly auction, lower than notified amount
After Maharashtra last week, Tamil Nadu rejects bids for 15-year paper
 "Nine states raise ₹15,560 cr at weekly auction, lower than notified amount")
State-run banks target ₹9,000 crore from Tier-II bonds by December
Fundraising rush follows SBI's record Oct issue as yields soften
 "State-run banks target ₹9,000 crore from Tier-II bonds by December")
RBI recognises SRPA as self-regulatory body for payment system operators
The RBI has recognised the Self-Regulated PSO Association (SRPA) as an SRO for payment system operators, marking a key step in strengthening oversight and governance in digital payments
Pre-Budget meetings with govt: Economists urge FM to push capex pedal
Some experts flagged that state governments' debt has become unsustainable
 "Pre-Budget meetings with govt: Economists urge FM to push capex pedal")
Uttar Pradesh govt's growing microfinance kitty at ₹32,500 crore
In the quarter ending September 30, 2025, microfinance institutions (MFI) clocked a growth of almost 4 per cent, with quarterly lending at ₹7,258 crore
 "Uttar Pradesh govt's growing microfinance kitty at ₹32,500 crore")
Festivals, GST rejig boost average credit card spending by 15%: RBI data
Credit card spending surged in September 2025 on strong festive demand and GST rationalisation, with private lenders such as HDFC Bank and ICICI Bank leading the growth in per-card spends
 "Festivals, GST rejig boost average credit card spending by 15%: RBI data")
Bond yields steady as cut-off yield on 10-year bond in line with forecast
Government bond yields remained unchanged on Friday as the cut-off for the new 10-year paper matched market expectations, with traders watching US Treasury moves next week
State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty
Expects three Indian lenders to be among Top-10 global banks in terms of mcap by 2030
 "State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty")
No regulator should substitute boardroom judgement: RBI Governor Malhotra
Financial stability remains the 'North Star' for the central bank
 "No regulator should substitute boardroom judgement: RBI Governor Malhotra")
KKR deepens India healthcare push with $200 mn Healthium MedTech plan
The private equity firm is focusing on entering areas such as cardiology, orthopaedics, and diagnostics, as India's medtech market is projected to grow to $50 billion over the next five years
 "KKR deepens India healthcare push with $200 mn Healthium MedTech plan")
Big bank pursuit: FM Nirmala Sitharaman says in talks with RBI, lenders
"There is a lot of work to do prior to my saying yes. The work has already commenced. We are discussing with the RBI and banks," the finance minister said
 "Big bank pursuit: FM Nirmala Sitharaman says in talks with RBI, lenders")
Despite digitisation, India will need more banks: DFS secy M Nagaraju
However, Nagaraju cautioned that the digital transition must be carefully managed to ensure that service quality and customer trust are not compromised
 "Despite digitisation, India will need more banks: DFS secy M Nagaraju")
Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'
The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks
 "Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'")
Global value chain faces disruption, reforms driving growth: FM Sitharaman
Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity
 "Global value chain faces disruption, reforms driving growth: FM Sitharaman")