Page 37 - Finance News

RBI MPC October policy: Central bank cuts FY26 inflation estimate to 2.6%

The Monetary Policy Committee (MPC) stated that the Consumer Price Index (CPI) inflation for Q1 of 2026-27 is projected at 4.5 per cent

RBI retains call rate as policy anchor in liquidity management framework

As part of operational changes, the central bank will discontinue the use of 14-day variable rate repo (VRR) and variable rate reverse repo (VRRR) as the main tools for managing short-term liquidity

Credit quality of Indian companies likely to remain stable in H2FY26

Rating agencies say easing monetary cycle, declining inflation supporting this

FinMin urges RBI to push rollout of digital fraud detection platform

Once operational, DPIP will collect and analyse data from various sources to identify potential threats and prevent fraudulent activities

Lending rates ease 6 bps in August; 1-year MCLR steady in September

RBI data shows lending rates on fresh and outstanding loans fell six bps in August, while the one-year median MCLR of banks stayed unchanged at 8.60 per cent in September

PhonePe, Mastercard roll out tap-and-pay contactless payments in India

PhonePe and Mastercard have launched contactless tap-and-pay payments for Indian cardholders using NFC-enabled Android smartphones at merchant outlets in India and abroad

Govt keeps interest rates on various small savings schemes unchanged

The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes, too, have been retained at 7.1 per cent and 4 per cent, respectively

RBI retains call rate as policy anchor in revised liquidity framework

Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China

Charlie Javice gets 7 yrs in prison for defrauding JPMorgan of $175 million

The 33-year-old Frank founder was convicted of conspiracy, bank fraud, and wire fraud after faking user records to sell her startup to JPMorgan in a $175 million deal

Asheesh Pandey named MD of Union Bank; Kalyan Kumar to head Central Bank

The Appointments Committee of the Cabinet headed by the Prime Minister approved these appointments for an initial period of three years

RBI raises overseas perpetual debt ceiling to strengthen bank capital

Perpetual debt issued in foreign currency or in Indian rupees overseas will be eligible for inclusion in banks' additional tier-1 capital of up to 1.5 per cent of risk weighted assets

RBI eases small business loan rules, expands lending scope against gold

With the revised rules, lenders can now extend working capital loans to any business that relies on gold as a raw material, expanding credit access beyond the jewellery sector

India to sell new 10-year government bond on October 3 to raise $3.6 bn

The current benchmark 6.33 per cent 2035 bond has an outstanding of 1.8 trillion rupees

Govt appoints Shirish Chandra Murmu as RBI deputy governor, effective Oct 9

His appointment will take effect from October 9 for a period of three years

Shirish Chandra Murmu appointed RBI deputy governor, effective Oct 9

Shirish Murmu, currently an executive director at the RBI, will succeed Rajeshwar Rao, whose tenure ends on October 8

Only 10% consumers see full GST benefit, 3 in 10 see cuts on food: Report

The survey highlights that while appliances and vehicles benefit from the new GST cuts, the promised price reductions on packaged foods and medicines remain elusive for most consumers

Bond traders eye dovish RBI shift to spark rally in sluggish market

A 25 basis-point interest-rate cut, combined with clear guidance on further easing, may drive the 10-year yield lower by as much as 30 basis points

Every percentage point paid as fee matters in long-term wealth growth

The brain finds it comfortable to shut down when faced with too much complexity. To fix that, we have to simplify, even if that requires a small sacrifice in accuracy

Private credit is on course for its biggest year in emerging markets

Funding by the likes of Blackstone Inc. and Apollo Global Management Inc. is putting EM deals from private lenders on course for the biggest year on record

DFS, SC's MCPC hold 40-hour mediation training for DRT, PSU executives

DFS and Supreme Court's MCPC conducted a 40-hour mediation training for DRT presiding officers and PSU bank executives to enhance dispute resolution through consensus