Page 3 - Finance News
RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows
Market participants said the decision to double the VRR amount was due to outflows due to advance tax and goods and services tax (GST) collections, expected to be Rs 2 trillion
 "RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows")
Rupee hits record low for third straight session on US-India deal jitters
The RBI's three-year dollar-rupee buy/sell swap auction, which is scheduled for Tuesday, is now in focus
 "Rupee hits record low for third straight session on US-India deal jitters")
Foreign firms can't claim full head office expense deduction in India: SC
Tax experts said the ruling brings finality to the treatment of inter-office expenses for foreign banks and other multinational enterprises with Indian branches
 "Foreign firms can't claim full head office expense deduction in India: SC")
States should improve tax base, prevent revenue leakages: MoS finance
States have been provided financial assistance of Rs 4,24,227 crore since 2020-21 under the Scheme of Special Assistance to States for Capital Expenditure and Investment
 "States should improve tax base, prevent revenue leakages: MoS finance")
IRFC scraps ₹5,000 cr 10-year zero-coupon bonds issue as cut-off rises
Sources said the state-owned institution was looking to raise funds at a similar level but investors wanted a higher cut-off. As a result, it decided to scrap the issuance
 "IRFC scraps ₹5,000 cr 10-year zero-coupon bonds issue as cut-off rises")
MUFG nears $3.2 bn deal to acquire minority stake in Shriram Finance
Shriram's shares have risen almost 50 per cent this year, giving the Mumbai-based financial services firm a market value of roughly $18 billion
 "MUFG nears $3.2 bn deal to acquire minority stake in Shriram Finance")
Rupee falls 9 paise to all-time low of 90.58 against dollar in early trade
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front
 "Rupee falls 9 paise to all-time low of 90.58 against dollar in early trade")
Fintechs hold steady in changing terrain as unsecured credit business grows
Growth fueled by digital infrastructure and co-lending, as fintechs shift to asset-light models amid tighter funding
 "Fintechs hold steady in changing terrain as unsecured credit business grows")
Banks asked to offer basic services to customers at all branches
Lenders nudged to cut charges and maintain uniformity
 "Banks asked to offer basic services to customers at all branches")
Microfinance institutions remain in pain even as green shoots appear
Microfinance portfolios fall for the sixth straight quarter despite improved asset quality, as credit access tightens
 "Microfinance institutions remain in pain even as green shoots appear")
Nepal likely to soon allow Indian notes above ₹100, easing travel, tourism
Nearly 10 years after high-denomination notes were banned, Nepal plans to allow Indian notes above ₹100, easing travel for workers, students, pilgrims and tourists, and smoothing trade
 "Nepal likely to soon allow Indian notes above ₹100, easing travel, tourism")
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
 "Stablecoins can undermine trust in currency, financial system: RBI dy guv")
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
 "Rupee hits new low on weak sentiment amid US trade deal uncertainty")
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
 "DFS tightens grievance redressal oversight; banks, insurers face rankings")
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
 "SBI cuts peak deposit rate by 15 bps; cuts MCLR by 5 bps across tenors")
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
 "PLI cumulative incentive disbursement reached ₹23,946 crore: Jitin Prasada")
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
 "Banks bring back in-person verification as digital fraud risks escalate")
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
 "GST cuts: Insurers still negotiating commission revisions with distributors")
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
 "Pension parking lot expanded to gold and silver ETFs, AIFs, Invits")
