Page 4 - Finance News
RBI revises bank leverage ratio norms, new framework effective April 2027
The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027
 "RBI revises bank leverage ratio norms, new framework effective April 2027")
India's forex reserves decline $5 billion to $721 billion: RBI data
Experts attribute the sharp decline in the kitty to deployment of FCNR(B) resources and currency defence put up by the RBI through dollar sales
 "India's forex reserves decline $5 billion to $721 billion: RBI data")
Rupee rises 3 paise to 94.78 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 94.78, registering a gain of 3 paise over its previous close
 "Rupee rises 3 paise to 94.78 against US dollar during early trade")
Shallow rate hike cycle likely to still test borrowers this time
A shallower rate-hike cycle could still strain household budgets as higher EMIs, elevated inflation and uncertain wage growth weigh on borrowers
 "Shallow rate hike cycle likely to still test borrowers this time")
Rupee snaps eight-day winning streak as rise in crude offsets inflows
The rupee weakened to 94.83 against the dollar after eight sessions of gains as rising crude oil prices and dollar buying offset foreign inflows linked to the Jio Platforms IPO
 "Rupee snaps eight-day winning streak as rise in crude offsets inflows")
Rajasthan govt launches campaign to curb GST evasion, fraudulent ITC claims
Rajasthan's Commercial Tax Department has intensified its drive against GST evasion, detecting potential tax irregularities of ₹2.85 crore across 10 business establishments.
 "Rajasthan govt launches campaign to curb GST evasion, fraudulent ITC claims")
Finance Ministry to invite comments on amended GST return forms from Nov 1
The revised GSTR-1, GSTR-1A and IFF forms aim to improve reconciliation with GSTR-3B, minimise mismatches in liabilities and input tax credit, and reduce notices to taxpayers
 "Finance Ministry to invite comments on amended GST return forms from Nov 1")
RBI rejects all bids at govt's T-bill auction as short-term yields surge
The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent
 "RBI rejects all bids at govt's T-bill auction as short-term yields surge")
October MPC minutes: Rate cuts off table as members flag rising inflation
RBI MPC minutes show members concerned about broadening inflation, with two dissenting on the shift to calibrated tightening despite unanimous support for a 25-basis-point rate hike
 "October MPC minutes: Rate cuts off table as members flag rising inflation")
Rupee gains for eighth straight session, longest winning streak in 8 years
The rupee strengthened to 94.47 per dollar, its strongest level in six weeks, supported by foreign inflows linked to Jio Platforms' IPO and recent RBI measures to curb dollar demand
 "Rupee gains for eighth straight session, longest winning streak in 8 years")
Bajaj Finance, Piramal Finance flag early signs of stress in gold loans
Indian banks and non-bank lenders have rushed to lend to consumers against their gold holdings as they consider these loans more secure
 "Bajaj Finance, Piramal Finance flag early signs of stress in gold loans")
Rupee jumps to six-week high as Jio IPO-linked inflows bolster recovery
The rupee rose to a peak of 94.4925 before trimming gains slightly to last quote at 94.56, up 0.4% on the day
Rising overnight rates may spur strong demand at RBI's liquidity auction
Festive cash withdrawals and tighter CRR requirements shrink surplus liquidity, prompting banks to seek short-term funds from the RBI
 "Rising overnight rates may spur strong demand at RBI's liquidity auction")
Rupee rises 9 paise to 94.80 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 94.90 then touched 94.80 against the American currency, registering a gain of 9 paise from its previous close
 "Rupee rises 9 paise to 94.80 against US dollar during early trade")
MFIs may have to grin & bear for some time as funding pressures persist
A tweak in microfinance norms may be needed as flight to safety overrides growth objectives
 "MFIs may have to grin & bear for some time as funding pressures persist")
FPIs pull out ₹52,100 cr from equities in Oct so far amid global headwinds
The latest outflow follows a net withdrawal of ₹ 35,861 crore in September. FPIs had invested ₹ 20,200 crore in Indian equities in July and ₹ 29,631 crore in August
 "FPIs pull out ₹52,100 cr from equities in Oct so far amid global headwinds")
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
L&T Finance cautious on rural loans amid weather risks, eyes urban growth
The NBFC expects loan-book growth of over 20 per cent in H2FY27, driven by urban finance and festive demand, while monitoring crop output, rural liquidity and weather-related risks
 "L&T Finance cautious on rural loans amid weather risks, eyes urban growth")
Global investors firm India BFSI bets with over $20 bn in deals since 2025
Major investments by Fairfax, MUFG, SMBC and Emirates NBD lead a wave of foreign capital commitments across India's banking, NBFC and insurance sectors amid regulatory reforms and strong credit demand
Global digital payments to double by 2030 as new instruments gain ground
Capgemini's World Payments Report 2027 says non-cash transactions have grown nearly fivefold over the past decade, with instant payments, e-money and digital currencies reshaping global commerce
 "Global digital payments to double by 2030 as new instruments gain ground")