Page 19 - Finance News
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
 "Fintech NBFCs grew faster than industry, but both show annual moderation")
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
 "Be polite in dealing with honest taxpayers: Sitharaman tells GST officers")
India's financial sector sees $8 billion in deals, M&As jump 127% in 2025
In May, Japan's Sumitomo Mitsui Banking Corporation (SMBC) agreed to acquire a 20 per cent stake in Yes Bank for $1.6 billion
 "India's financial sector sees $8 billion in deals, M&As jump 127% in 2025")
NPCI says teething issues persist in same-day cheque clearing system
NPCI says minor issues remain in the T+0 cheque clearing process introduced on October 4, assuring customers that all cheques are being cleared the same day
 "NPCI says teething issues persist in same-day cheque clearing system")
NBFC and fintechs' micro loan play catches regulatory attention
NBFCs and fintechs are filling the gap left by cautious banks in micro lending, even as regulators monitor rising exposure and borrower indebtedness in the segment
 "NBFC and fintechs' micro loan play catches regulatory attention")
RBI flags geopolitical tensions as key risk to cross-border payments
The RBI and the Monetary Authority of Singapore (MAS) have operationalised the linking of their respective FPS - UPI and PayNow - respectively in 2023
 "RBI flags geopolitical tensions as key risk to cross-border payments")
UPI accounts for 85% of payment volumes: RBI's payment system report
RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25
 "UPI accounts for 85% of payment volumes: RBI's payment system report")
Corporate advance growth for large banks robust in Q2 as demand picks up
Pickup driven largely by higher working capital demand
 "Corporate advance growth for large banks robust in Q2 as demand picks up")
Venture funding slowed in September quarter; exit activity at 7-year high
Geopolitical uncertainty weighs on new investment, but strong IPO activity drives record exit value, says KPMG report
 "Venture funding slowed in September quarter; exit activity at 7-year high")
CBDC adoption may take 2-3 years as banks struggle with tech, incentives
CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee
 "CBDC adoption may take 2-3 years as banks struggle with tech, incentives")
Customers allowed to opt for up to four nominees in bank accounts
New provisions come into effect from November 1
 "Customers allowed to opt for up to four nominees in bank accounts")
Railways using tech, DFCs to ease movement amid Chhath rush: Vaishnaw
Sincere effort to ease movement within constraints, says minister
 "Railways using tech, DFCs to ease movement amid Chhath rush: Vaishnaw")
Credit card transactions surge, but debit card transactions decline: RBI
The report also highlighted that private sector banks continue to dominate the credit card segment, focusing on digital and co-branded offerings for customers
 "Credit card transactions surge, but debit card transactions decline: RBI")
RBI proposes to make use of UTI mandatory for OTC derivative transactions
The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner
 "RBI proposes to make use of UTI mandatory for OTC derivative transactions")
Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report
Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024
 "Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report")
Bank customers can opt for up to four nominees in their accounts from Nov 1
The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday
SFBs boost secured lending as they move towards universal bank status
AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks
 "SFBs boost secured lending as they move towards universal bank status")
UCO Bank to add another 150 branches by March to expand business
Currently, the Kolkata-based lender has 3,322 branches across the country and with the addition of 150 branches, the network would rise to 3,472 by the end of the current financial year
 "UCO Bank to add another 150 branches by March to expand business")
Provisions of SC/ST Act can't be used to curtail bank's mortgage rights: HC
According to the petition before the court, a credit facility of Rs 16.69 crore was sanctioned by Axis Bank to Sundev Appliances Ltd, secured by a mortgaged property in Maharashtra's Vasai, in 2013
 "Provisions of SC/ST Act can't be used to curtail bank's mortgage rights: HC")
Large pvt banks see green shoots, expect credit demand revival in H2FY26
Attribute this to fiscal, monetary measures
 "Large pvt banks see green shoots, expect credit demand revival in H2FY26")