Page 3 - Finance News

RBI changes stance to 'calibrated tightening': Here's what it means

The RBI's new calibrated tightening stance signals that further rate hikes remain possible as the central bank responds to inflation and economic risks

RBI MPC hikes repo rate by 25 bps to 5.5%, near-term cuts 'off the table'

RBI MPC October 2026: At its policy meeting, held between October 5 and October 7, the committee changed the stance to 'calibrated tightening'

Deceased borrower's loan: What's the spouse's liability?

Marriage alone does not make a spouse liable for a deceased borrower's debt. Recovery depends on whether the spouse was a co-borrower or guarantor, or inherited assets from the deceased

Will RBI join global central banks in raising rates as energy prices rise?

A look at some of the data points that the rate-setting panel may consider to take a decision

Union Cabinet approves ₹10,000 crore commitment to SME Growth Fund

The fund will provide growth capital to SMEs seeking to expand capacity, adopt technology, enter global markets, make acquisitions and join global value chains

Domestic banks tighten grip on equity deals as fundraising surges

Kotak Mahindra Capital Co. reclaimed the top position after working on 45 deals through the end of September, capturing a 9.5% market share

Rupee slips 4 paise to 96.39 against US dollar during early trade

However, positive sentiments in the domestic equity markets and a weaker dollar index cushioned the local unit against further decline, forex traders said

GST Council meeting rescheduled again, to take place on October 8

This is the second time that the date of the 57th GST Council meeting has been rescheduled

RBI set for first rate hike in almost four years as rupee, inflation weigh

A hike would put the Reserve Bank of India alongside Asian peers that have already begun tightening and mark the first such move under Governor Sanjay Malhotra

GST input tax credit: What businesses can claim and what stays blocked

From raw materials and rent to motor vehicles and construction, businesses can claim ITC on eligible expenses, but GST rules block credit for several categories

RBI MPC October 2026 meeting: When and where to watch rate decision live

RBI MPC meet: At its August monetary policy review, the RBI kept the repo rate unchanged at 5.25 per cent and maintained its 'neutral' stance

HDFC Bank mobilised over ₹1.5 trn in deposits in July-September quarter

In contrast, India's second-largest private-sector bank, ICICI Bank, mobilised $17.88 billion in FCNR(B) deposits and raised $3.55 billion through dollar-denominated bonds

RBI may continue liquidity absorption as it begins rate-hiking cycle

Core liquidity surplus remains around ₹10 trillion, keeping the focus on RBI's liquidity operations as markets expect a 25-basis-point repo rate increase this week

GST Council may consider ITC rationalisation for real estate, construction

Proposals include ITC on pipelines and telecom towers, contracted prices between government-owned firms, and wider credit for hospitality, tourism and wellness services

GST Council may wind up Fitment Committee, consolidate officer panels

The proposed structure will comprise the GST Secretariat, implementation committee and a single standing committee, replacing several existing panels and sectoral groups

HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

ICRA sees state borrowing at ₹4.8-5.4 trillion in fourth quarter of FY27

ICRA retains its FY27 gross state borrowing estimate at ₹13.4-14 trillion, assuming states broadly adhere to the RBI's indicative auction calendar for the third quarter

RBL Bank deposits rise 34% YoY to ₹1.56 trn in Q2; advances grow 40%

Deposits increased to ₹1.56 trillion and gross advances to ₹1.43 trillion, while the CASA ratio declined to 27.2 per cent despite growth in low-cost deposits

RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity

During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion

The CEO factory: How ICICI, SBI, Axis shaping financial services leadership

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles