Page 2 - Finance News
Rupee ends flat as merchant bids, oil blunt comfort from modest inflows
The rupee closed at 96.2550 per dollar, little changed from its close at 96.20 in the previous session
 "Rupee ends flat as merchant bids, oil blunt comfort from modest inflows")
Rupee rises 5 paise to 96.11 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close
 "Rupee rises 5 paise to 96.11 against US dollar during early trade")
Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge
The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets
 "Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge")
RBI proposes one-time nod for MFs, insurers to raise bank stakes
The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals
 "RBI proposes one-time nod for MFs, insurers to raise bank stakes")
NBFC education loans may grow 20% in FY27 despite US slowdown: Crisil
NBFC education loan portfolios are expected to reach Rs 94,000 crore in FY27 as growing diversification across study destinations offsets weaker demand for US-focused education
 "NBFC education loans may grow 20% in FY27 despite US slowdown: Crisil")
Leverage advanced tech to reduce costs, RBI Governor Malhotra tells banks
Takes stock of FCNR (B) deposit mobilisation
 "Leverage advanced tech to reduce costs, RBI Governor Malhotra tells banks")
India draws nearly $10 billion under RBI's deposit drive to support rupee
The RBI announced a zero-cost foreign-exchange swap facility at its June 5 policy meeting for deposits raised from non-resident Indians, allowing banks to offer higher returns on such deposits
India asks state-owned banks to step up foreign currency deposits
The Centre has asked state-run banks to intensify efforts to mobilise NRI deposits as policymakers seek to strengthen foreign exchange reserves
 "India asks state-owned banks to step up foreign currency deposits")
Rupee falls 48 paise to 96.16 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 95.95 then lost ground and touched 96.16 registering a fall of 48 paise from its previous close
ATM cash-loading staff call strike in some states demanding wage revision
A strike by cash-loading staff of cash management companies may disrupt ATM cash replenishment in several states as workers press for higher wages
 "ATM cash-loading staff call strike in some states demanding wage revision")
Strong funding demand lifts bank, commercial paper borrowings in Q1
In June alone, CP issuances climbed to a 55-month high of ₹2.55 trillion, largely driven by refinancing of maturing papers
 "Strong funding demand lifts bank, commercial paper borrowings in Q1")
FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace
Lenders report encouraging response from Singapore, HK, Gulf, UK, US; ECB inflows seen picking up in Q3 FY27
 "FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace")
Business beyond hugs and handshakes: Bank-fintech ties enter a new phase
The bank-fintech partnership is undergoing a structural shift as governance premium takes top billing
 "Business beyond hugs and handshakes: Bank-fintech ties enter a new phase")
'Low income levels crimp panchayats' ability to raise own-source revenue'
Low incomes, limited economic activity and weak tax collection continue to constrain panchayats' own-source revenue, affecting their financial autonomy
 "'Low income levels crimp panchayats' ability to raise own-source revenue'")
India's foreign exchange reserves rise by $7.26 billion to $674.19 billion
India's foreign exchange reserves increased by $7.26 billion in the latest reporting week, supported by a rise in foreign currency assets and gold reserves, RBI data showed
 "India's foreign exchange reserves rise by $7.26 billion to $674.19 billion")
Rupee rises 15 paise to 95.32 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback before slipping to 95.32, up 15 paise from its previous close
 "Rupee rises 15 paise to 95.32 against US dollar during early trade")
RBI faces $100 billion unwinding challenge after record defence of rupee
With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date
 "RBI faces $100 billion unwinding challenge after record defence of rupee")
Datanomics: Housing, gold loans drive household debt to a decade high
RBI has cautioned that global shocks, including the West Asia conflict, could weaken borrowers' repayment capacity despite stronger household credit profiles in FY26
 "Datanomics: Housing, gold loans drive household debt to a decade high")
NBFCs strengthen treasury teams after RBI opens term money market
NBFCs are hiring treasury specialists in money market operations and liquidity management as the RBI's proposal to widen access to the term money market reshapes funding strategies
 "NBFCs strengthen treasury teams after RBI opens term money market")
Securitisation volumes rise 20% in Q1 as NBFCs drive market growth: ICRA
India's securitisation market grew about 20 per cent in the first quarter of FY27, with NBFCs driving issuances as gold loans emerged as the largest asset class, ICRA said
 "Securitisation volumes rise 20% in Q1 as NBFCs drive market growth: ICRA")