Page 32 - Finance News

SBI chief flags rising risks from rapid growth in digital finance

Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems

Life insurers' new business premium jumps 39% in April on GST boost

Life insurers reported a sharp rise in new business premium in April, driven by strong growth in LIC and private insurers amid continued GST-related momentum

Fintech firms form SRO to boost trust in digital precious metals market

Digital gold and silver platforms have formed a self-regulatory body to improve governance, transparency and consumer protection amid regulatory uncertainty

RBI steps in to support rupee as Iran war, PM Modi's remarks spook traders

The renewed pressure on Indian markets came after US President Donald Trump on Sunday rejected Iran's response to a US proposal for peace talks to end the war

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy

Rupee crashes 139 paise to 94.90 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close

Bank credit grows 16% in fortnight ended April 30, shows RBI data

Bank credit expanded 16 per cent year-on-year in the fortnight ended April 30, while deposit growth edged up to 12.3 per cent, RBI data showed

NBFC-MFIs drive sharp rise in microfinance originations in Q4: Report

NBFC-MFIs led the growth in microfinance originations during Q4FY26, while higher average ticket sizes and continued lending to existing borrowers supported disbursement momentum

Non-bank lenders plan $1.6 bn in debt sales as yields decline, say bankers

A drop in Indian corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April

Proposal to raise Jan Suraksha cover under review: DFS secy M Nagaraju

The Finance Ministry is evaluating a proposal to raise insurance cover under PMJJBY and PMSBY to Rs 5 lakh from Rs 2 lakh

Microfinance sector posts Q4FY26 growth after eight quarters of decline

The microfinance sector's gross loan portfolio rose sequentially in Q4FY26, supported by higher loan originations, bigger ticket sizes and improving asset quality

Rupee falls 28 paise to 94.77 against US dollar amid West Asia conflict

At the interbank foreign exchange market, the rupee opened at 94.77 against the US dollar, registering a fall of 28 paise over its previous close

RBI not to consider fresh applications for full-fledged money changers

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

Rupee to trade around ₹95 per US dollar by 2026-end amid Iran war: BMI

However, slowing profit repatriation and central bank currency intervention will limit the pace of rupee depreciation, the Fitch group company said in a report

Rupee rises 23 paise to 94.95 against US dollar during early trade

Forex traders said oil prices fell to $108 per barrel, as signs of easing geopolitical tensions in the West Asia offset the lingering supply concerns

NPCI explores agentic AI layer for faster UPI compliance cycles

Currently, banks require four to eight weeks for certification with UPI's operating circulars (OCs) that NPCI releases from time to time

Sebi proposes allowing OBPPs to offer IFSCA products, tax-saving bonds

However, there is no provision to permit OBPPs to offer products or securities or services that are regulated by IFSCA

India's investment story stronger than it looks: RBI Deputy Governor

RBI Deputy Governor Poonam Gupta says India's growth and investment contribution are underestimated, while defending the current inflation target and policy continuity

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

Rupee hits record low of 95.43 per dollar as US-Iran strikes rattle markets

At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close