Page 3 - Finance News

RBI not in favour of offshore settlement for govt bonds despite tax changes

The RBI had previously explored allowing settlement through offshore platforms to expand the foreign investor base for local currency debt, at a time when overseas interest was subdued

India's remittance inflows stay resilient despite West Asia conflict

Precautionary transfers boost flows; FCNR (B) deposits may offer near-term support

Banking system liquidity surplus at lowest in FY27 on advanced tax outflows

Liquidity surplus fell to Rs 23,881 crore from Rs 1.5 trillion a day earlier as advance tax payments drained funds from the banking system

MFI sector shows signs of recovery after prolonged slowdown: Report

The SIDBI-Equifax report said the sector's portfolio grew 3 per cent quarter-on-quarter in the March quarter, while 30-plus delinquency fell sharply

NPCI unveils Drunix to support blockchain and tokenisation ecosystems

The open-source platform is designed to help enterprises build blockchain networks, digital asset ecosystems and tokenisation platforms at scale

RBI lifts cap on FCNR(B), NRE deposit rates to boost foreign inflows

The central bank has temporarily withdrawn interest rate ceilings on select FCNR(B) and NRE deposits, giving banks greater flexibility to attract NRI funds

RBI injects ₹72,300 crore as advance tax outflows squeeze liquidity

Surplus liquidity fell to ₹23,881.21 crore on June 16 from ₹1.51 trillion a day earlier; overnight rates trade above repo rate

Rupee rises 31 paise to 94.29 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 94.46, then touched 94.29, registering a gain of 31 paise from its previous close

Sales growth of private firms accelerates to 13.9% in Q4FY26: RBI data

Sales growth of listed private non-financial companies strengthened in the March quarter, driven by manufacturing and services sectors, according to RBI data

India expands UPI footprint with launch at France's Galeries Lafayette

India launches UPI at Galeries Lafayette in Nice, expanding its digital payments footprint in France and enabling seamless transactions for Indian travellers

RBI eases capital norms on ECLGS 5.0 loans with lower risk weight

The central bank has allowed a zero-risk weight on a large portion of ECLGS 5.0-guaranteed loans, reducing capital requirements for lenders under the scheme

Tax reforms needed to deepen corporate bond market, says CareEdge

CareEdge Ratings said adverse taxation, weak secondary-market liquidity and a narrow investor base continue to constrain the growth of India's corporate bond market

ECLGS 5.0 could raise debt levels of rated corporates by around 10%

Crisil Ratings says ECLGS 5.0 could add around 10% debt to rated companies as firms seek funding support to manage higher working capital needs amid the West Asia conflict

Rupee rises 5 paise to 94.53 against US dollar as West Asia tensions ease

At the interbank foreign exchange market, the rupee opened at 94.69, then gained momentum and touched 94.53 in initial trade, registering a rise of 5 paise from its previous close

NBFCs can distribute insurance products without seeking RBI approval

New framework permits insurance distribution subject to Irdai approval and lays down safeguards for sale of third-party financial products

India saw $4.7 billion current account surplus in April: RBI data

The merchandise trade deficit stood at $27.9 billion in April 2026, marginally higher than $27.1 billion in April 2025

RBI allows banks to open repatriable rupee accounts for overseas investors

Move operationalises Centre's decision to expand direct equity investment access beyond NRIs and OCIs

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Economists have upgraded their outlook for India's balance of payments following the RBI's measures, with most now expecting a marginal surplus this fiscal year

Time for lenders to rethink MSME credit beyond collateral-based models

Financial institutions must pivot towards cashflow tracking and unified digital networks to unlock funding for small businesses

Rupee rises 58 paise to 94.60 against US dollar during early trade

Rupee movement today was significantly influenced by the peace deal between US and Iran and the consequent crash in Brent crude