Page 19 - Finance News

Harness AI, build human oversight: RBI Governor Sanjay Malhotra to banks

Malhotra says Brics discussing linking fast payments with digital currencies

Fintech firms Paytm, Pine Labs double down on adding sales employees

Comes at a time when maintaining merchant relationships becomes a paramount priority

Oil-and-gas PSUs see first Q1 capex decline in at least five years

Combined capital expenditure by 12 oil and gas PSUs fell 3.8 per cent to Rs 27,161 crore in Q1FY27, led by sharp declines at ONGC and Indian Oil, though experts see the dip as temporary

NaBFID, IIFCL, NIIF merger plan stuck amid inter-departmental reluctance

A proposal to bring three major infrastructure financing institutions under common management remains stalled despite overlapping mandates, similar government backing and growing capital needs

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

'More than we can handle': StanChart's PD Singh on FCNR deposits

"We are in a very critical phase where foreign capital will find its way to India if we are able to articulate the benefits we have," Singh said

Tata Capital's revolving credit exposure below 5% of loan book: Sabharwal

Lender to submit feedback on RBI proposal to bar NBFCs from offering revolving credit products

Govt approves introduction of one billion polymer banknotes of ₹10 and ₹20

The polymer banknotes will be issued alongside paper-based notes, with the procurement process currently at an initial stage, the government said

RBI Governor Sanjay Malhotra urges lenders to accelerate AI spend

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

Disinvestment, OFS, strategic sale, privatisation: What's the difference?

From LIC's stake sale to Air India's handover, the government has used different routes to reduce its presence in state-owned firms

Rupee falls 8 paise to 95.38 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

How has the govt's disinvestment strategy changed since liberalisation?

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991

MDR in future only on some merchant UPI transactions: FM Sitharaman

"No MDR framework has yet been finalised," Sitharaman said. She added that consumers would continue to make instant digital payments through UPI without paying a transaction charge

FCNR (B) swaps: Weekly bank slots delay RBI's dollar receipts

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR

FCNR(B) flows pour into 5-year G-secs under RBI's concessional swap window

Foreign lenders with relatively small loan books emerge most active buyers; bond yields soften

RBI officers seek HR policy review, time-bound promotions up to Grade E

Staff body seeks five-year qualifying service for financial upgradation across grades up to Grade E and calls for a more inclusive work environment for women officers

Govt collects ₹10,040 crore duty on gold imports in 2.5 months after hike

The effective customs duty on gold, silver and precious metals was raised from May 13, with gold imports yielding Rs 100.4 billion in duty through August 2

Rupee falls 11 paise to close at 95.28/$ on firm crude oil prices

Lack of any breakthrough in talks in West Asia put further pressure on the local unit, while FII inflows provided some support, forex traders said

Explained: What is NCDC (Amendment) Bill 2026 & what it proposes to change?

The Centre has proposed changes to the law governing NCDC, seeking to give the institution greater flexibility in supporting co-operative development