Page 4 - Finance News

RBI to conduct overnight VRR auction to infuse ₹1.25 trillion liquidity

The Reserve Bank of India will conduct an overnight VRR auction on Thursday to manage evolving liquidity conditions and keep overnight rates aligned with the policy repo rate

Global investors expect rupee to weaken further with 100 in sight

The rupee was already under pressure before the West Asia conflict began, weighed down by widening external balances and foreign fund outflows

Rupee hits fresh record low of 96.90 against US dollar in early trade

On Tuesday, the Indian rupee slumped for the eighth consecutive session and ended 50 paise down at its record low of 96.70 against the US dollar

Rupee weakens past 96.5 against $, hits new low for 7th straight session

The rupee weakened to a fresh low against the dollar amid elevated crude oil prices, higher US Treasury yields, and continued foreign fund outflows

Credit card adoption rises in Tier-II, -III cities: SBI Card report

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

RBI proposes revised capital adequacy disclosure norms for banks

Draft norms aim to align Indian banks with Basel Pillar 3 requirements and improve transparency, comparability, and market discipline

DFS secy holds workshop on overhauled IBC rules for banking sector

Workshop focused on amended IBC provisions, including group insolvency and cross-border resolution frameworks for stressed assets

EPFO to roll out WhatsApp chatbot for member queries amid rising grievances

EPFO plans to launch a WhatsApp-based chatbot to handle member queries, PF services, and grievance-related communication in regional languages

RBI to conduct five-day VRR auction on Wednesday for ₹1.5 trillion

The Reserve Bank of India will conduct a five-day variable rate repo auction to manage evolving liquidity conditions in the banking system

Rupee slips to lifetime low of 96.44 against US dollar as oil prices rise

A combination of high crude prices, underpinned by the prolonged US-Iran impasse, and subdued capital inflows is widening India's external imbalances and leaving the rupee vulnerable

RBI keeping close watch to see if supply shocks warrant policy action: Guv

RBI Governor Sanjay Malhotra said the central bank is monitoring whether supply shocks from the West Asia conflict trigger broader inflationary pressures

Stablecoins fail core tests of money; CBDC not risky: Reserve Bank of India

The Reserve Bank of India said stablecoins fail key tests of money and warned that such virtual digital assets pose financial stability and jurisdictional risks

Bank of India hikes interest rates on select medium and long-term deposits

Bank of India has revised interest rates on select fixed deposits below ₹3 crore across medium and long-term tenures, with the revised rates taking effect from May 18

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

Fintechs set to take fresh guard as reality comes to bite the sector

With funding tightening and regulators increasing scrutiny on risk, firms must move past the growth-at-all-costs model to survive

RBI relief to NBFCs likely to spur participation in equity markets

New norms, effective from July, exempt smaller NBFCs from registration need

RBI announces seven-day VRR auction worth ₹1 trillion next week

The Reserve Bank of India will conduct a seven-day variable rate repo auction worth Rs 1 trillion to manage evolving liquidity conditions in the banking system

Rupee slides to record low past 96/$ as oil nears $110 per barrel

The rupee fell 0.3 per cent to 96.05 per US dollar, eclipsing its previous all-time low of 95.9575 in the previous session

Govt likely to restrict manual edits in GSTR-3B returns under GST push

The proposed move aims to reduce GST mismatches and tighten compliance by limiting manual changes in GSTR-3B once returns are auto-populated