Page 3 - Finance News

BFSI Insight Summit: PAN, CKYC norms for lenders in 10-15 days, says MFIN

Industry body MFIN aims to strengthen borrower identification and credit underwriting by encouraging lenders to adopt PAN and CKYC records within an aspirational 18-month timeline

BFSI Insight Summit 2026: FCNR(B) not a short-term fix, say PSB chiefs

At the BFSI Insight Summit 2026, PSB chiefs said attractive yields, leverage and RBI support helped banks mobilise a record $127 billion in FCNR(B) deposits, easing funding pressure

BFSI Insight Summit: Looking at if we can have YONO Bharat, says C S Setty

SBI Chairman C S Setty says the bank is working with NPCI to prevent UPI merchant charges from reaching customers, while FCNR(B) inflows will ease deposit competition

BFSI Summit 2026: 'Fund diversification lot harder for smaller NBFCs'

Industry leaders say smaller NBFCs face limited funding access due to lower credit ratings, while larger lenders benefit from diversified funding sources and faster growth

BFSI Insight Summit 2026: Oil, AI play weigh on funding and markets

Elevated oil prices, AI-driven capital flows and weak foreign inflows pressure the rupee and bond yields, while smaller NBFCs face tighter funding, experts at the summit say

Foreign assets disclosure scheme gets 1,100 declarations as deadline nears

The Income Tax Department is stepping up outreach to UAE property owners and other taxpayers as around 1,100 declarations have been filed under FAST-DS ahead of the December 31 deadline.

FII outflows stabilising, India story intact, say foreign bank CEOs

Speaking at Day 1 of the BS BFSI Insight Summit 2026, foreign bank CEOs discussed FII outflows, the long-term India growth story, cross-border capital flows, and opportunities in SME financing

India's AA network: New pricing model to now be rolled out from Dec 1

Sahamati has deferred the new pricing model's rollout from November 1 to December 1, giving financial institutions another month of free data access amid requests for postponement

UPI's rising volumes need investment, minimal MDR can help: SBI Chairman

At the Business Standard BFSI Insight Summit 2026, SBI Chairman CS Setty says a minimal MDR could support banks, with safeguards to protect consumers from extra charges

Small finance banks expand reach, but India's credit gap remains wide

After a decade of rapid growth, small finance banks are looking beyond their original mandate, even as they navigate microfinance stress and the challenge of building sustainable businesses

Global rate risks, capital outflows to weigh on Indian markets: Experts

At the Business Standard BFSI Insight Summit 2026, experts warned that high US yields, oil prices and AI-driven capital outflows could weigh on Indian markets, the rupee and bond yields

Indian banks face tighter liquidity, rising risks, says Axis Bank CEO

At the Business Standard BFSI Insight Summit 2026, Axis Bank CEO Amitabh Chaudhry discussed tighter liquidity, credit growth, asset quality, and emerging risks for lenders

Rupee falls 5 paise to 94.98 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.92, then lost ground to touch 94.98, lower by 5 paise over its previous close

Rupee troubles run deeper than crude oil surge, West Asia conflict

Global yields, hedging shifts and capital outflows add to pressure on the currency

MCA extends annual filing deadlines, waives extra fees for FY26 filings

MCA extends FY26 filing deadlines to December 31 for financial statements and January 31 for annual returns, waiving additional fees amid concerns over portal glitches

FSDC flags AI boom, rising global bond yields as financial stability risks

The FSDC, chaired by Finance Minister Nirmala Sitharaman, called for stronger financial safeguards amid geopolitical uncertainties, the AI boom and rising global bond yields.

Currency in circulation growth hits five-year high, says RBI report

Currency in circulation rose 13.5% YoY to ₹43.46 trillion in October, while reserve money grew 10.3%, supported by FCNR(B) inflows and RBI liquidity measures

RBI's net dollar purchases hit record $43.26 billion in August: Bulletin

The RBI's net dollar purchases more than doubled to $43.26 billion in August, while its outstanding net short position in the forward market climbed to a record $200.06 billion

RBI tightens operational risk capital norms for banks from April 2027

The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027

Outward remittances under LRS rise 3.6% to $2.74 billion in August 2026

Outward remittances under the RBI's Liberalised Remittance Scheme rose 3.6% YoY to $2.74 billion in August, driven by overseas investments, while education spending fell