Page 2 - Finance News

RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26

Reports first mark-to-market loss on forward contracts in at least five years

RBI's net short forward dollar position falls to $95 bn after six months

The Reserve Bank of India's outstanding net short dollar position in the forward market declined in April, marking the first reduction after six consecutive months of increases

RBI to estimate natural real rate of interest, potential GDP growth in FY27

RBI plans to estimate India's natural real interest rate and potential GDP growth in FY27 to strengthen macroeconomic forecasting and policy analysis

RBI's penalties on regulated entities at 5-year low of ₹26.33 crore in FY26

RBI's penalties on regulated entities fell to a five-year low of ₹26.33 crore in FY26, with enforcement action taken against 241 entities

Bank credit growth remains strong at 16.2% despite global uncertainties

Bank lending continued to outpace deposit growth in the fortnight ended May 15, with strong traction in NBFC, retail and industrial credit segments

DFS secy advises PSU banks to ramp up preparedness amid West Asia war

DFS Secretary M Nagaraju reviewed PSU banks' performance and urged them to remain prepared and adaptable in view of the evolving situation in West Asia

India's foreign exchange reserves fall by $7.5 bn to $681.4 bn: RBI

India's forex reserves fell sharply as RBI interventions and declining gold and foreign currency assets weighed on the overall kitty

NCLT-approved resolution plans under insolvency code decline to 225 in FY26

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

What are plastic banknotes and why is RBI considering them now?

The RBI is considering polymer currency notes as printing costs rise and demand for cash continues despite digital payments growth.

Rupee rises 5 paise to 95.53/$ on potential US-Iran ceasefire deal

Forex traders said the agreement is expected to keep trade flowing through the strategic Strait of Hormuz while both countries continue negotiations around Iran's nuclear program

India may soon get plastic currency notes as RBI revives decade-old plan

Reserve Bank of India is considering a pilot project for polymer banknotes, citing longer shelf life, lower replacement costs and rising demand for cash despite the growth of digital payments

Fintech and payments industry preparing a 'safe harbour' proposal

Payments Council of India has engaged independent consultants to draft framework to be submitted to RBI

MFIs recalibrate growth strategy, expand non-microfinance portfolios

Large microfinance institutions are diversifying into retail and MSME lending as regulatory changes and recent sector stress reshape growth strategies

MFI portfolio drops 9% YoY to Rs 3.34 trillion as of April 2026: Equifax

India's microfinance sector saw slower loan growth and disbursements in FY26, though asset quality improved sharply amid tighter underwriting and credit monitoring

Income Tax Dept enables online ITR-2 filing for AY27; deadline July 31

ITR-2 is filed by individuals and HUFs who do not earn any income from business or profession, but have receipts from capital gains

Rupee falls 8 paise to 95.78 against US dollar in early trade on oil prices

Forex traders said escalating US-Iran conflict is again boosting safe-haven demand for the dollar

Cash logistics companies nudge banks towards demand-led ATM loading

India's cash logistics industry has proposed flexible ATM replenishment cycles to reduce fuel consumption and operating costs amid rising fuel prices and wage pressures

Rupee declines 17 paise to 95.43 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, down 17 paise from its previous close

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

Rupee rises 40 paise to 95.20 against US dollar on hopes of Iran peace deal

At the interbank foreign exchange market, the rupee opened at 95.36 against the US dollar, then touched 95.20 in early trade, up 40 paise from its previous close