Page 17 - Finance News

Finance Ministry asks three RRBs to give IPO blueprint by March-end

The DFS on Tuesday convened a meeting to review the IPO plans of three regional rural banks-Haryana Gramin Bank, Kerala Gramin Bank and Tamil Nadu Grama Bank

RBI Guv Malhotra signals rates to stay low for 'long period': Report

The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said

HDFC Bank cuts FD rates by 15 bps in select tenors; peak rate now 6.45%

HDFC Bank has lowered its fixed deposit rates by 15 bps for select tenors on deposits below Rs 3 crore, bringing its peak deposit rate down to 6.45% from December 17

RBI intervenes aggressively as rupee rebounds after hitting record lows

The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07

Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation

The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact

Trump tariffs, trade talks stalemate keep Indian rupee under strain

The rupee is among the worst-performing currencies globally this year, sliding 6% against the dollar

Rupee slide puts spotlight on limits to India's currency defence

A key reason is the Reserve Bank of India's $64 billion short-dollar position - a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders

Rupee slips past 91 against dollar amid FPI outflows, riskoff trade

The rupee is currently the worst-performing Asian currency, with 5.95 per cent depreciation witnessed in 2025 so far

Exit regulation amendments: PFRDA allows loans against pension savings

Partial withdrawal norms for NPS accounts rationalised; annuity mandate at retirement relaxed for smaller balances

RBI to act only if rupee volatility rises beyond a point: Neelkanth Mishra

Mishra said rupee is expected to average around 90 per dollar by June 2026 and weaken further to 92 per dollar by June 2027

RBI swap auction sees strong demand; bids twice the notified amount

The first leg of the swap will be settled on Thursday, when the RBI will inject rupee liquidity into the banking system. The transaction will be reversed after three years

Tax hierarchy sees reshuffle as Odisha, Telangana take unexpected leads

Smaller states such as Odisha and Telangana are emerging as the fastest-growing contributors to GST and direct taxes, challenging the long-held dominance of India's traditional economic powerhouses

Rupee's relentless slide fuelling talk of RBI intervention, say bankers

Dominance of flows has dulled the rupee's sensitivity to daily swings in its Asian peers, allowing the downside momentum to build and raising expectations of depreciation and speculative activity

Rupee slides 9 p to record low of 90.87 against US dollar in early trade

The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal

RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows

Market participants said the decision to double the VRR amount was due to outflows due to advance tax and goods and services tax (GST) collections, expected to be Rs 2 trillion

Rupee hits record low for third straight session on US-India deal jitters

The RBI's three-year dollar-rupee buy/sell swap auction, which is scheduled for Tuesday, is now in focus

Foreign firms can't claim full head office expense deduction in India: SC

Tax experts said the ruling brings finality to the treatment of inter-office expenses for foreign banks and other multinational enterprises with Indian branches

States should improve tax base, prevent revenue leakages: MoS finance

States have been provided financial assistance of Rs 4,24,227 crore since 2020-21 under the Scheme of Special Assistance to States for Capital Expenditure and Investment

IRFC scraps ₹5,000 cr 10-year zero-coupon bonds issue as cut-off rises

Sources said the state-owned institution was looking to raise funds at a similar level but investors wanted a higher cut-off. As a result, it decided to scrap the issuance

MUFG nears $3.2 bn deal to acquire minority stake in Shriram Finance

Shriram's shares have risen almost 50 per cent this year, giving the Mumbai-based financial services firm a market value of roughly $18 billion