Page 18 - Finance News

BS BFSI Insight Summit: SFBs' MFI stress set to ease in 2-3 quarters

While SFBs have grown rapidly over the past few years, their microfinance portfolios have affected asset quality

BS BFSI Summit: SBI one of the largest spenders on tech, says C S Setty

At BS BFSI Summit 2025, Setty discussed the slowdown in credit growth, the RBI's reforms, and the potential impact of allowing private sector professionals into public-sector banks

BFSI summit: Do NBFCs need bank licence to grow, or is it overrated now?

With evolving tech, funding models and regulation, bank licences are no longer the premium growth lever for NBFCs, and strategy, agility matter now, said experts at Business Standard BFSI Summit 2025

India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta

At Business Standard's BFSI Summit 2025, RBI Deputy Governor Poonam Gupta said India's strong growth outlook leaves scope for monetary policy easing while fiscal policy remains conducive for expansion

Overhaul of GST processes in works for easier compliance, faster refunds

The government is finalising a major GST overhaul with automated refunds, pre-filled returns, and analytics-based scrutiny to simplify compliance and boost liquidity for MSMEs

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Industry body calls for clearing ₹18 trillion in pending tax appeals, TDS rationalisation and tax neutrality for fast-track demergers ahead of Union Budget 2026

Credit card spends hit record ₹2.2 trillion in September on festive boom

Festive shopping, GST rate cuts, and heavy bank offers push card spending to an all-time high; HDFC, SBI Cards, and ICICI Bank lead growth

CBI finds fund diversion via shell firms in Yes Bank-Anil Ambani Group case

The Enforcement Directorate is also investigating suspected irregularities in the same set of transactions that occurred during Rana Kapoor's tenure at Yes Bank

Rupee weakens due to persistent demand for dollar among importers

The rupee settled at 88.25 per dollar against the previous close of 87.85 per dollar

Need to promote wider use of digital solutions: RBI Deputy Governor

Swaminathan says steps like ULI facilitate cash-flow-based lending

Jio Payments Bank updates its website domain as per RBI guidelines

The payments bank's new official domain, jiopayments.bank.in, replaces jiobank.in as part of RBI compliance and enhanced digital security framework

Govt plans to hike foreign investment cap in PSBs to 49%, says report

India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector

RBI likely to increase the number of NBFCs under upper layer list

RBI may expand the upper layer of NBFCs amid rising size and interconnectedness, bringing more large public and private sector NBFCs under enhanced regulatory norms

LinkedIn clash: RBI economist accuses SBI of plagiarism in report

An RBI economist accused SBI of plagiarism, saying its Ecowrap report copied RBI's monetary policy research; SBI rejected the claim, calling it 'sensational'

RBI proposes to allow banks to fund domestic, overseas acquisitions

Draft rules propose bank financing for domestic and overseas M&A, PSU divestments, and IPO subscriptions; framework to take effect from April 1, 2026

RBI proposes lower risk weight for NBFC loans to infrastructure projects

Draft norms define high-quality infrastructure projects, aim to reduce capital burden for NBFCs and align risk weights with actual project performance

Govt expands NPS, UPS options for central employees: LC75 and BLC

New LC75 and BLC schemes offer central government employees flexible equity exposure and greater control over their retirement investments

Forex reserves jump by $4.496 billion to $702.28 billion, shows RBI data

For the week ended October 17, foreign currency assets, a major component of the reserves, decreased by $1.692 billion to $570.411 billion, the data released on Friday showed

Fintech NBFCs grew faster than industry, but both show annual moderation

Operating on a small-ticket, high-volume model, fintech-driven NBFCs saw active loans grow by 25.6 per cent on an annual basis, outperforming the overall NBFC industry's 15.1 per cent growth

Be polite in dealing with honest taxpayers: Sitharaman tells GST officers

The minister also nudged Goods and Services Tax (GST) officers to make use of technology to reduce the compliance burden on taxpayer seeking GST registration