Page 28 - Finance News

Bank credit growth slows to 13.8% in March 15 fortnight, deposits rise

Bank credit growth eased to 13.8 per cent in the March 15 fortnight, while deposit growth improved to 10.8 per cent, reflecting tax outflows and seasonal lending trends

India's forex reserves drop $11.41 billion to $698.346 billion: RBI data

The kitty had expanded to an all-time high of $728.494 billion during the week ended February 27 this year, before the onset of the West Asia conflict

Rupee tanks 86 paise to settle at fresh all-time low of 94.82 vs US dollar

A sharp decline in the domestic equity markets and sustained FII outflows put further pressure on the local unit, according to forex traders

MFI guarantee scheme offers relief, but sector faces key challenges

Centre's credit-guarantee scheme offers temporary relief to microfinance institutions, but sustainable recovery will depend on improved lending practices, risk management, and sector discipline

RBI injects ₹65,322 crore in banking system via 6-day VRR auction

The RBI injected the funds at a cut-off rate of 5.26 per cent and a weighted average rate of 5.29 per cent

RBI to hold key interest rate unchanged until at least mid-2027: Poll

Most economists said the RBI is unlikely to deviate from the ​neutral stance it has maintained since June given the uncertainty around how long the conflict will ‌persist

West Asia conflict: Bankers suggest Covid-like moratorium for MSMEs

Flag cash-flow risks to RBI, Centre amid West Asia war

Bank holidays March 2026: Banks to remain closed for next 4 days, know why

Banking operations across India will be impacted this week as branches will remain closed on four days between March 26 and March 29, 2026. As per the holiday calendar issued by the RBI

RBI cancels Treasury bill auction amid high bids to boost liquidity

Central bank rejects all bids at weekly auction, aiming to avoid signalling higher yields and support liquidity ahead of financial year-end

RBI rejects all treasury bill bids as investors seek higher returns

The central bank did not accept any investor bids for 91-day, 182-day and 364-day T-bills. The RBI announced the auction of short-term government securities on February 21

Rupee gains on fall in crude and dollar index; bond yields harden

The rupee strengthened after three days of losses on easing crude and dollar index, while bond yields hardened on higher-than-expected SDL auction cut-offs

Digital personal loan value outpaces volume growth in Q3 FY26: FACE

Digital personal loan value rose sharply in Q3 FY26, outpacing growth in loan volumes, highlighting strong demand for higher-ticket credit

RBI's misselling proposals may reshape how retail game is played hereupon

RBI's draft norms on misselling aim to strengthen customer protection, but raise concerns over regulatory overreach and impact on banking sales models

RBI injects ₹55,837 crore in banking system through 3-day VRR auction

The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said

Bond yields trim losses after Donald Trump's signal on Iran pause

Rupee hits fresh low, nears $94 a $

RBI in talks with central banks of four to five countries on CBDC

The move is expected to bring down the cost of remittances and reduce checks on cross-border transactions

RBI net buys $2.52 billion in January, first purchase in 8 months

RBI turned a net buyer of dollars in January 2026, purchasing $2.52 billion after eight months, even as forward market positions and currency metrics shifted

West Asia crisis needs close monitoring and proactive steps: RBI

RBI report calls for close monitoring of West Asia conflict and proactive steps to limit spillovers, citing India's oil dependence and rising global volatility

Remittances to India unlikely to be hit, may touch a new high of $140 bn

Remittances to India are projected to reach up to $140 billion in FY26 despite West Asia tensions, supported by resilient inflows and precautionary transfers, SBI report says

RDI Fund draws 200 applications; venture capital firms dominate entries

The government has received nearly 200 applications for second-level fund managers under the RDI Fund, with venture capital firms accounting for around 80 per cent