Page 32 - Finance News
RBI defers credit information reporting norms for CICs to July 1, 2026
RBI pushed the amended credit information reporting directions to July 1, 2026 and eased reporting requirements after feedback, while also clarifying rules for BSBD accounts
 "RBI defers credit information reporting norms for CICs to July 1, 2026")
RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes
RBI said FBB exposures to head offices and their branches will fall under LEF, while exposures to other group entities move to the ITE framework, with gross calculation retained
 "RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes")
India's UPI to be accepted in Cambodia under NPCI-ACLEDA partnership
NPCI International and ACLEDA Bank have partnered to enable UPI and KHQR acceptance in India and Cambodia, offering tourists secure, interoperable and seamless QR-based payments
 "India's UPI to be accepted in Cambodia under NPCI-ACLEDA partnership")
RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures
By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee
 "RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures")
Rupee to rise from record lows, US trade deal key for recovery: Poll
US President Donald Trump's punitive 50 per cent tariff on Indian goods has soured sentiment among foreign investors, who have sold around $17 billion of Indian equities so far this year
 "Rupee to rise from record lows, US trade deal key for recovery: Poll")
Foreign banks chase India's rupee bond market amid weak offshore demand
To compete, lenders including Standard Chartered Plc and Barclays Plc, are looking to widen their onshore offerings to appeal to Indian corporates shifting their borrowing to rupees
 "Foreign banks chase India's rupee bond market amid weak offshore demand")
Rupee breaches 90/$, down 5% this year; may continue downward 'crawl'
Uncertainty over US trade deal, FPI outflows, limited RBI intervention pushes rupee drop 5% vs $ in 2025
 "Rupee breaches 90/$, down 5% this year; may continue downward 'crawl'")
Rupee weakness clouds outlook for FPI flows; earnings revival key
Corporate earnings growth is estimated to be in high single digits for this fiscal and in mid-teens for the next two financial years
 "Rupee weakness clouds outlook for FPI flows; earnings revival key")
Bank of Maharashtra OFS oversubscribed, govt mops up ₹2,492 crore
Offer oversubscribed 1.72 times; stake dilution to 73.6% helps meet Sebi's 25% public holding norm ahead of 2026 deadline
 "Bank of Maharashtra OFS oversubscribed, govt mops up ₹2,492 crore")
Decision to write down AT1 bonds legally valid, Yes Bank admin tells SC
Administrator argues 2020 write-off was valid under Basel III; court's ruling could force ₹8,400 crore repayment to bondholders
 "Decision to write down AT1 bonds legally valid, Yes Bank admin tells SC")
Yields on outstanding loans fall 4 bps in Oct; fresh loan yields up 14 bps
In the last three months, the WALR on fresh loans declined by 17 bps for the banking sector
 "Yields on outstanding loans fall 4 bps in Oct; fresh loan yields up 14 bps")
Not losing sleep over it: CEA Nageswaran on rupee hitting record low
Chief Economic Advisor V Anantha Nageswaran expressed hope that the currency will recover next year
 "Not losing sleep over it: CEA Nageswaran on rupee hitting record low")
S&P upgrades rating for India's insolvency regime as IBC lifts recoveries
System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency
 "S&P upgrades rating for India's insolvency regime as IBC lifts recoveries")
RBI December MPC meet begins: Repo rate, growth outlook, and more
After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent since August
 "RBI December MPC meet begins: Repo rate, growth outlook, and more")
Rupee crosses 90-mark against USD in historic low amid trade deal impasse
On Tuesday, the rupee had already touched 89.9475 before ending the day at 89.87 - a decline of nearly 0.4 per cent
 "Rupee crosses 90-mark against USD in historic low amid trade deal impasse")
FM flags global tax risks from digitisation, new financial products
At Global Forum, India urges stronger transparency, confidentiality systems to tackle evolving financial structures
 "FM flags global tax risks from digitisation, new financial products")
NSFI 2025-30: Strengthening last-mile access, improving financial services
RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit
PFRDA plans to create NPS fund-of-funds to channelise money to select AIFs
PFRDA has classified all alternate investment instruments into equity and debt after Sebi categorised Real Estate Investment Trusts (REITs) as equity
 "PFRDA plans to create NPS fund-of-funds to channelise money to select AIFs")
Stronger data safeguards, effective use of shared info: Revenue secy
Shrivastava said over the years, the Global Forum has enabled a transformation in the global tax landscape from banking secrecy and limited cooperation to transparency and information exchange
 "Stronger data safeguards, effective use of shared info: Revenue secy")
Digitalisation, financial products call for global tax info exchange: FM
Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes