Page 4 - Finance News

RBI notifies amended ECB framework, eases cost and maturity norms

The central bank said the regulations were finalised after examining feedback received from stakeholders on the draft framework released on October 3, 2025

Going OTP-less: Mastercard, Visa rolling out passkeys for card transactions

For the first time in India, an at-scale, OTP-less authentication framework will allow users to complete credit and debit card transactions

Targeted interventions needed to bolster Rupay debit card: Report

A DFS report shows UPI has overtaken cash as the most preferred payment mode and recommends focused merchant enablement and stronger support for RuPay debit card usage in rural and semi-urban India

Draft rules seek mandatory reporting of offshore related-party ₹-Fx deals

The RBI has proposed expanding reporting norms to require AD Cat-I banks to disclose all offshore related-party rupee FX derivative contracts to CCIL, with phased compliance thresholds over 24 months

UPI emerges as the most preferred mode for transactions now: Report

The evaluation indicates a significant and sustained increase in the adoption of digital payments across diverse socio-economic segments

Insurers face rising losses as civil unrest grows in wealthy nations

Claims tied to SRCC, strikes, riots and civil commotion, are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies

Centre launches digital coupons for PDS in Gujarat on pilot basis

India pilots CBDC-based digital food coupons in Gujarat, enabling beneficiaries to redeem ration entitlements through programmable e₹ instead of physical grain

RBI curbs loans extended to brokers in blow to proprietary trading volumes

All credit facilities to securities firms will have to be backed by collateral, while lending for trading on their own account or investments by brokers will be prohibited

BHIM's UPI volumes grow five-fold, market share inches closer to 1%

Government-backed payments app processes 172 million UPI transactions in January, overtakes Cred and Amazon Pay on leaderboard

RBI allows NBFCs to factor DLG in determining provisions under ECL

RBI allows NBFCs to factor in default loss guarantees from lending apps while computing ECL provisions, tightening uniformity without diluting prudential safeguards

PFRDA plans higher equity exposure, new asset classes to boost NPS returns

Regulator plans gradual shift towards 25% equity in government composite scheme and new asset classes, including AIFs, to support long-term returns

Rupee weakens as RBI intervenes; forex reserves drop $6.7 billion

Indian unit settles at 90.64 per dollar as RBI intervenes via dollar sales; forex reserves drop $6.7 billion in week ended February 6 on decline in gold holdings

RBI draft mandates 60% C/D ratio for rural and semi-urban branches

Prioritise opening CBS-enabled branches in tier-5 centres

Cards in play: Sandeep Ghosh on the opportunity in cash conversion

Despite UPI's dominance, the digital payments game is far from over, Ghosh tells Manojit Saha, pointing to the opportunity that lies in cash conversion

Uday Kotak appointed Chairman of GIFT City

Kotak succeeds Hasmukh Adhia as non-executive chairman of Gujarat's IFSC hub, with appointment effective immediately

Outstanding CP falls Rs 1 trillion since Aug 2025 as CD issuances rise

Investors are moving away from commercial papers towards certificates of deposit as issuances and rates rise, with banks tapping CDs to manage deposit tightness, RBI data show

RBI's proposed mis-selling norms may hit credit life business of insurers

RBI's draft rules on bundling and consent could dent credit life insurance and bancassurance income, though insurers say overall impact will be limited

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

Experts say simpler rules, tax benefits aid GIFT City's emergence as preferred jurisdiction

Govt conducts switch with RBI, moves FY27 maturities to 2040 bond

Centre buys back over Rs 75,500 crore of FY27 securities from RBI and issues 8.30% GS 2040 bond to smoothen redemption profile

RBI digital payments index rises to 516.76 in Sept 2025 on wider adoption

RBI's Digital Payments Index climbed to 516.76 in September 2025 from 465.33 a year earlier, driven by gains in payment performance and enablers