Page 34 - Finance News

Rupee falls 13 paise to 94.81 against US dollar during early trade

Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment

Public sector banks grapple with empty boardroom seats, face challenges

8 of 11 nationalised banks don't have a chairperson

Rupee weakens, bond yields harden tracking rise in crude oil prices

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Early delinquency rate in MFI drops sharply to 2.3%: Equifax India

This trend suggests that lenders are prioritising credit discipline over growth, particularly in a macro environment marked by cautious lending

RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks

Nationwide capacity-building initiative aims to train 1.4 lakh UCB staff and strengthen governance, compliance and operational resilience in the sector

Rupee declines 24 paise to 94.39 against US dollar in early trade

Factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further

Corporate credit card overdue applicable only to corporate entity: RBI

RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load

Reserve Bank of India finalises ECL norms, rollout set for April 2027

RBI introduces expected credit loss framework for banks, to be implemented from April 2027, replacing incurred loss norms and strengthening credit risk provisioning

MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

RBI to implement phased FX derivatives reporting norms from July 2027

Feedback highlighted operational challenges in capturing and reporting transactions undertaken by related entities across jurisdictions

MobiKwik gets RBI's nod for non-banking financial company licence

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering

CCIL revamps trade reporting system to boost offshore rupee transparency

The overhaul started earlier this year and comes as regulators have stepped up monitoring of the currency and asked lenders to report their offshore rupee transactions

Rupee falls 11 paise to 94.27 against US dollar on safe haven demand

Investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty

Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data

FY26 card spends up 12% to ₹23.62 trillion

RBI cancels Paytm Payments Bank licence; cites governance lapses

Regulator cites governance concerns; says bank has sufficient liquidity to repay all deposits upon winding up and will approach High Court

Gap between ATM withdrawals and cash in circulation widens, says SBI

Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record highs

IDBI Bank disinvestment process to continue: FM Nirmala Sitharaman

Sitharaman says IBA committee will look into issues of distribution tieups of banks for third-party products

RBI cancels licence of Paytm Payments Bank, cites compliance issues

In January 2024, the RBI directed the bank to stop accepting new deposits, citing non-compliance with rules related to customer due diligence, use of funds and technology systems

Rupee declines 24 paise to 94.25 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the same level in early deals, registering a loss of 24 paise from the previous closing level

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January