Page 3 - Finance News
Stellar growth, low inflation raise questions over need for RBI rate cuts
India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent
 "Stellar growth, low inflation raise questions over need for RBI rate cuts")
RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll
OMOs for liquidity infusion expected, say economists
 "RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll")
Bond yields likely to ease before RBI's monetary policy review meeting
Optimism building around potential announcement of an OMO calendar
 "Bond yields likely to ease before RBI's monetary policy review meeting")
Affordable housing gets out of pocket as costs rise and hurdles persist
Despite policy boosts, land costs and lender parity issues are driving the sector off-script
 "Affordable housing gets out of pocket as costs rise and hurdles persist")
Private equity, venture capital investments hit $5.3 bn in October: EY-IVCA
Pure-play PE/VC investments hit a 13-month high of USD 5 billion - an 81 per cent increase over October 2024 - while real estate and infrastructure investments fell sharply by 86 per cent
 "Private equity, venture capital investments hit $5.3 bn in October: EY-IVCA")
Corporate loan growth to hit double digit, ₹7 trn credit in pipeline: SBI
The SBI Chairman also said that the bank may not need equity capital to drive credit growth and maintain a capital adequacy ratio of 15 per cent over 5-6 years
 "Corporate loan growth to hit double digit, ₹7 trn credit in pipeline: SBI")
Non-par products gain ground in listed life insurers' product mix in H1FY26
Volatile equity markets and lower deposit rates boosted demand for non-par guaranteed-return products in H1FY26, lifting their share across most listed life insurers except HDFC Life
 "Non-par products gain ground in listed life insurers' product mix in H1FY26")
Microfinance portfolio drops 17% in Q2; 5 million borrowers exit credit
India's microfinance sector saw its sixth straight quarterly decline in gross loan portfolio in Q2 FY26, with sustained funding squeeze pushing nearly 5 million borrowers out of formal credit systems
 "Microfinance portfolio drops 17% in Q2; 5 million borrowers exit credit")
Reserve Bank of India subsumes over 9K norms into 244 master directions
Move aims to ease compliance burden for regulated entities
 "Reserve Bank of India subsumes over 9K norms into 244 master directions")
RBI Deputy Governor Swaminathan urges MFI lenders to review pricing
At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments
 "RBI Deputy Governor Swaminathan urges MFI lenders to review pricing")
State capital outlay to rise 4-6% but stays below long-term average: Crisil
Water supply and sanitation, including housing and urban development and irrigation, will continue to be the main drivers of the capital expenditure, the report said
 "State capital outlay to rise 4-6% but stays below long-term average: Crisil")
SMFG accelerates India expansion by boosting lending, $5 bn buying blitz
Japan's second-largest lender has made investments to expand in financial services from retail to wholesale banking in India, such as a landmark deal that made it the biggest shareholder of Yes Bank
 "SMFG accelerates India expansion by boosting lending, $5 bn buying blitz")
Non-banks served 45% of commercial sector's funding till October
Corporate bond issuances surge as non-bank channels match banks in FY26
 "Non-banks served 45% of commercial sector's funding till October")
CBDT to nudge 25K high-risk taxpayers to disclose foreign assets
Move aims to nudge 25,000 taxpayers to disclose foreign assets and income
 "CBDT to nudge 25K high-risk taxpayers to disclose foreign assets")
Bandhan Bank to sell unsecured NPAs worth nearly ₹7,000 crore to ARCs
According to sources, the bank may consider selling more such loan pools if the current portfolios receive strong interest from ARCs
 "Bandhan Bank to sell unsecured NPAs worth nearly ₹7,000 crore to ARCs")
New banking connect platform to give RBI real-time oversight of transfers
A real-time view of transactions on the Banking Connect platform will help the regulator monitor fund transfers to sectors such as cryptocurrency and gaming, Chaturvedi added
 "New banking connect platform to give RBI real-time oversight of transfers")
Regulators considering review of strict currency derivatives rules
After the advisory, trading in the contracts -- used to hedge against foreign exchange risks and speculate on currency movements -- nosedived in India and rose overseas
 "Regulators considering review of strict currency derivatives rules")
RBI expected to cut interest rate to 5.25% as inflation drops: Poll
RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates
 "RBI expected to cut interest rate to 5.25% as inflation drops: Poll")
Irdai asks insurers for customer-centricity, stricter grievance compliance
Irdai has raised concerns over rising complaints, urging insurers to improve grievance redressal systems, standardise classification processes
 "Irdai asks insurers for customer-centricity, stricter grievance compliance")
FIMMDA unveils SORR-based OIS plan, invites comments by December 15
FIMMDA has released a proposed settlement and trading framework for a new SORR-linked OIS product, aligning with the shift to secured benchmarks, and has invited market feedback by December 15
 "FIMMDA unveils SORR-based OIS plan, invites comments by December 15")
