Page 29 - Finance News

Stablecoins can undermine trust in currency, financial system: RBI dy guv

Sankar highlighted that stablecoins do not serve any purpose that cannot be served by fiat money

Rupee hits new low on weak sentiment amid US trade deal uncertainty

The currency, Asia's worst performer in 2025, saw mild RBI intervention as FPIs sold over ₹14,000 crore in equities this month

DFS tightens grievance redressal oversight; banks, insurers face rankings

In a key reform introduced in June 2025, DFS began ranking public sector banks, private sector banks and public sector insurers on the basis of the quality and timeliness of grievance disposal

SBI cuts peak deposit rate by 15 bps; cuts MCLR by 5 bps across tenors

SBI's Amrit Vrishti, which offered 6.6 per cent for 444 days, has been revised downward to 6.45 per cent

PLI cumulative incentive disbursement reached ₹23,946 crore: Jitin Prasada

Government data shows PLI schemes for 12 sectors drove over ₹18.7 lakh crore in incremental production/sales as of September 2025

Banks bring back in-person verification as digital fraud risks escalate

Banks are slowing down fully online account opening after a rise in mule accounts and digital fraud; lenders are now adding in-person checks and branch visits to make customer verification stronger

Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis

The seeds of the Fragile-Five debacle were sown by the Reserve Bank of India buckling under political pressure and cutting rates in 2012 amid soaring fiscal deficits and untamed inflation

GST cuts: Insurers still negotiating commission revisions with distributors

Life insurers have formed committee to discuss the capping of distributor commission

Pension parking lot expanded to gold and silver ETFs, AIFs, Invits

PFRDA has overhauled NPS investment rules, allowing wider exposure to AIFs, REITs, InvITs, commodities, IPOs and a broader equity universe to boost returns and deepen diversification

40% tax deduction applies only to income from long-term finance: SC

The Supreme Court has held that statutory corporations cannot claim a 40% tax deduction on income not directly derived from long-term finance

Goa nightclub fire incident exposes EPFO's compliance failure: Officers

EPFOA alleges that the nightclub's EPF-registered entity, M/s Being GS Hospitality Goa Arpora LLP, never deposited provident fund dues since its coverage

India must overhaul corporate bond market architecture: NITI Aayog

NITI Aayog warns India's shallow corporate bond market could constrain investment-led growth and calls for sequenced reforms to deepen liquidity, broaden investors and cut regulatory frictions

RBI revises cash credit and overdraft norms to boost monitoring, discipline

The Reserve Bank of India has introduced revised norms governing cash credit, current and overdraft accounts, aiming to give banks greater operational flexibility while strengthening credit discipline

GST 2.0 pushes eway Bill volumes to third-highest ever at 129.8 mn in Nov

E-way bill generation climbed to 129.8 million in November, the third-highest monthly total so far, rising 28 per cent year-on-year as trade activity strengthened and controls to curb misuse tightened

PFRDA widens pension fund investment rules to boost returns and diversity

The changes were announced in a circular on Wednesday and are effective immediately

NBFC vehicle-loan AUM to grow 16-17%, reach ₹11 trillion by FY27: Crisil

NBFCs' vehicle-loan AUM is seen growing 16-17 per cent annually through FY26-FY27 to Rs 11 trillion by March 31, 2027, with used-vehicle loans expected to outpace new loans, Crisil Ratings said

Inching up: 10-year bond yield rises 14 bps since RBI's 25-bp rate cut

The 10-year benchmark government bond yield has risen 14 bps since the RBI's 25 bps repo rate cut, as traders price in the move as the last of the cycle and foreign investors unwind positions

Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off

Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent

RBI proposes full disclosure of forex transaction costs for retail users

RBI has proposed that authorised dealers give retail users a full break-up of transaction costs for forex cash, tom and spot contracts, including all fees, exchange rates and conversion charges

Days after rate cut, RBI Governor Malhotra prods bank CEOs to lower costs

RBI Governor Sanjay Malhotra urged banks to lower intermediation costs, improve service quality, and strengthen fraud safeguards, citing faster transmission after recent rate cuts