Page 3 - Finance News

UPI transactions dip 1.7% by value in April after record March

UPI transactions dipped in April after March highs, but rising daily volumes signal steady growth in India's digital payments ecosystem

Govt to continue with budgeted capex due to global uncertainties: Official

Expenditure Secretary V Vualnam said the upcoming few months, the next quarter and the year ahead would be very difficult to envisage with lots of possible stress points

Why women entrepreneurs in India struggle to access complex business loans

More women entrepreneurs are getting loans, but limited access to larger business credit is restricting their growth, exposing deep structural gaps in India's MSME lending system

Record low rupee may end India's cheap-money era, force RBI policy shift

Rupee weakness amid global turmoil and capital outflows may limit RBI's policy stance, raising risks of rate hikes as inflation, currency pressure and external shocks reshape India's monetary outlook

FDI inflows set to top $90 billion in FY26, says DPIIT secretary

India's FDI inflows are set to cross $90 billion in FY26, driven by reforms, FTAs, and rising global investor confidence across key sectors

Cost of funds for NBFCs, HFCs may rise marginally over medium term: Ind-Ra

Ind-Ra said that despite recent policy rate cuts, borrowing costs are unlikely to soften meaningfully due to weak transmission, higher deposit competition

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

RBI exempts smaller NBFCs, creates structured exit route for first time

RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day

Rupee falls 13 paise to 94.81 against US dollar during early trade

Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment

Public sector banks grapple with empty boardroom seats, face challenges

8 of 11 nationalised banks don't have a chairperson

Rupee weakens, bond yields harden tracking rise in crude oil prices

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Early delinquency rate in MFI drops sharply to 2.3%: Equifax India

This trend suggests that lenders are prioritising credit discipline over growth, particularly in a macro environment marked by cautious lending

RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks

Nationwide capacity-building initiative aims to train 1.4 lakh UCB staff and strengthen governance, compliance and operational resilience in the sector

Rupee declines 24 paise to 94.39 against US dollar in early trade

Factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further

Corporate credit card overdue applicable only to corporate entity: RBI

RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load

Reserve Bank of India finalises ECL norms, rollout set for April 2027

RBI introduces expected credit loss framework for banks, to be implemented from April 2027, replacing incurred loss norms and strengthening credit risk provisioning

MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

RBI to implement phased FX derivatives reporting norms from July 2027

Feedback highlighted operational challenges in capturing and reporting transactions undertaken by related entities across jurisdictions

MobiKwik gets RBI's nod for non-banking financial company licence

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering