Page 35 - Finance News
Hero Future Energies secures ₹1,908 cr funding from SBI, Canara Bank
These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement
 "Hero Future Energies secures ₹1,908 cr funding from SBI, Canara Bank")
Unclear guidelines hold back growth of credit line on UPI since launch
Industry sources in the know added that more clarity was required in terms of reporting the use of credit line on UPI to credit bureaus in the country.
 "Unclear guidelines hold back growth of credit line on UPI since launch")
Microfinance sector faces funding crunch, default fears amid scrutiny
The microfinance industry is in a bind as funding declines and fears of defaults swirl amid stricter regulatory scrutiny
 "Microfinance sector faces funding crunch, default fears amid scrutiny")
SBI aims to be one-fourth of India's GDP by assets: Chairman C S Setty
Setty highlighted that India has to focus on the emerging sectors
 "SBI aims to be one-fourth of India's GDP by assets: Chairman C S Setty")
Warburg Pincus to invest ₹500 cr in Truhome Finance, says CEO Subramanian
He further mentioned that, aside from the fund infusion, the company has the "scale and figures" needed for an initial public offering
 "Warburg Pincus to invest ₹500 cr in Truhome Finance, says CEO Subramanian")
Sitharaman launches campaign to return ₹1.84 trn unclaimed financial assets
Most of the locked-up funds are in the form of deposits, insurance, provident fund, and shares, Finance Minister Nirmala Sitharaman said, calling on officials to ensure they reach the rightful owners
 "Sitharaman launches campaign to return ₹1.84 trn unclaimed financial assets")
States, UTs to borrow ₹2.81 trillion via bonds in Q3 FY26, says RBI
States and Union Territories will borrow Rs 2.81 trillion in Q3 FY26 through securities, with borrowing patterns shaped by GST changes, redemptions and tax devolution
 "States, UTs to borrow ₹2.81 trillion via bonds in Q3 FY26, says RBI")
RBI grants FIDC self-regulatory status to oversee non-bank lending sector
The FIDC is a representative body of non-banking financial companies (NBFC) registered with the RBI
 "RBI grants FIDC self-regulatory status to oversee non-bank lending sector")
Lower CASA ratios, declining FDS raise deposit stability concerns for bank
This comes amid concerns in some quarters over the increased preference for capital market investments by households looking for higher yields
 "Lower CASA ratios, declining FDS raise deposit stability concerns for bank")
India's forex reserves fall $2.3 billion to $700.23 billion, shows RBI data
Last week, India's forex kitty had declined by $396 million to $702.57 billion, data showed
 "India's forex reserves fall $2.3 billion to $700.23 billion, shows RBI data")
India remains anchor of stability in volatile world: RBI Guv Malhotra
The governor attributed the country's strong fundamentals to low inflation, good foreign exchange reserves, a narrow current account deficit, and the very strong balance sheets of banks
 "India remains anchor of stability in volatile world: RBI Guv Malhotra")
Jains form tiny population but contribute 24% of tax revenues: Rajnath
He also said the Jain community's philosophy is deeply rooted in Indian culture, and its history is an invaluable lesson in the spiritual and cultural journey of India
 "Jains form tiny population but contribute 24% of tax revenues: Rajnath")
Govt looks to address gaps used to illegally transfer forex overseas
Several scammers are easily tampering with certificates issued by chartered accountants (CAs) using easily available and simple tools like PDF editors
 "Govt looks to address gaps used to illegally transfer forex overseas")
RBI proposes basic savings bank deposit account as a standard service
The central bank, in the draft circular, has asked banks to publicise that BSBD accounts are available and their features
Nearly 4,000 GST complaints filed in first week of reforms, says govt
The Consumer Affairs Ministry said the National Consumer Helpline received 3,981 GST-related complaints in the first week of reforms, mainly on milk pricing and electronics
 "Nearly 4,000 GST complaints filed in first week of reforms, says govt")
India Ratings downgrades Wapcos loans on stretched working capital cycle
India Ratings has cut WAPCOS's bank loan rating from A- to BBB citing a stretched working capital cycle, reliance on debt and audit concerns, even as its order book remains strong
 "India Ratings downgrades Wapcos loans on stretched working capital cycle")
Slower growth, under-target inflation will prompt another rate cut: BMI
BMI added that the central bank's growth and inflation forecasts for FY26 are too high, pointing to it as one of the main reasons behind the possible cuts
 "Slower growth, under-target inflation will prompt another rate cut: BMI")
Govt bond yields soften as RBI signals scope for further rate cuts
Government bond yields fell six basis points as RBI governor Sanjay Malhotra signalled space for further easing of 25-30 basis points, boosting gilts market sentiment
 "Govt bond yields soften as RBI signals scope for further rate cuts")
PSBs continue to grab higher share in incremental credit growth: RBI
Bankers said the increase in market share in the last 18 months is the outcome of a combination of factors like changes in macro environment
 "PSBs continue to grab higher share in incremental credit growth: RBI")
RBI proposes easing curbs on current, cash credit, and overdraft accounts
RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers