Page 21 - Finance News

Gold loans' share of system credit could reach 10% in 5 years: JP Morgan

Gold loans could gain from a structural shift towards monetising household gold, lower borrowing costs and rising financial literacy, with penetration remaining relatively low

Debit card rule may act as template to shield UPI users from MDR fee

A 2017 RBI rule barring merchants from passing debit card MDR to customers could guide safeguards against similar charges on UPI payments

Foreign currency assets fuel $50 bn forex reserve surge since June-end

Reserves have risen by nearly $50 billion since the last week of June, while foreign currency assets increased by $7.23 billion and gold reserves gained $2.68 billion

HDFC, PNB lead banks lining up for the next wave of dollar bonds

HDFC Bank's latest $1.75 billion fundraise through the twin dollar bond issuance takes the bank's total fundraising through dollar bonds over the past two months to $2.5 billion

Amfi announces initiatives to deepen mutual fund penetration

Amfi will conduct workshops and awareness programmes targeting women, first-time investors and underserved communities, while training 10,000 mutual fund distributors

Bond yields harden, rupee slips on hawkish MPC, rising crude oil

Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals

RBI aims to absorb ₹2.5 trillion via seven-day VRRR auction on Monday

The banking system had a liquidity surplus of Rs 3.5 trillion on Thursday, while banks parked Rs 95,970 crore in the three-day VRRR auction on Friday

Sebi cancels registration of 15 investment advisers, 25 research analysts

Capital markets regulator Sebi on Friday cancelled the registration certificates of 15 investment advisers after they failed to pay the mandatory renewal fees.

Govt bonds log worst week in FY27 on RBI's premature end to FCNR (B) scheme

The selloff in bonds was amplified by a spike in crude prices that intensified inflation and rate hike fears for the world's third-largest oil importer

India's credit footprint expands as new states emerge as growth centres

Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets

HDFC Bank raises $1.75 bn through overseas bond issue to fund business

HDFC Bank , acting through GIFT City Branch, has completed the issue of $1.75 billion in senior unsecured bonds

Bad loans at a decade low, but stress in agriculture sector persists

While public sector banks have cleaned up their balance sheets to match private peers overall, private lenders now hold a higher share of bad debt in retail loans

Rupee gains 9 paise to 95.65 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.69, then rose to 95.65, higher by 9 paise from its previous close

Why India's Unified Payments Interface needs reform, and not US pressure

The lesson for New Delhi: Keep peer-to-peer and mom-and-pop transactions free, but let large commercial platforms pay, say, 0.5 per cent

Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins

Both will serve as part-time, non-official directors for four years from August 20, 2026, or until further orders, whichever is earlier

EPFO plans district-level push, industry-led skilling for PM-VBRY rollout

Proposed measures include real-time data access for states, district-level workshops and industry inputs on skills and short-term training needed by employers

Public sector banks underparticipate in forex derivatives mkt: RBI DG Jain

Local currencies will play an increasing role in cross-border trade and payments as settlement can lower transaction costs, currency mismatches and improve efficiency

Sebi permits IFSCA-regulated entities to access KRA records for KYC

Markets regulator Sebi allowed entities regulated by the IFSCA to access the systems of registered KYC registration agencies, facilitating seamless sharing of client information for financial services

Risks facing UCBs no longer confined by size or geography: RBI DG

RBI Deputy Governor Swaminathan J says growing reliance on technology and third-party providers exposes smaller banks to cyber, digital fraud and operational risks

RBI Guv expects $80 bn foreign-currency inflows from rupee support measures

RBI Governor Sanjay Malhotra said flows have been stronger than expected, with FCNR(B) deposits and overseas borrowing already bringing in $56.85 billion