Page 4 - Finance News

Banks raise fresh deposit rates in June; lending rates edge up: RBI

Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

Over 55 million income tax returns filed for AY27 ahead of July 31 deadline

The last date to file ITR 1 and ITR 2 for AY 2026-27 is July 31, 2026

Sectoral, destination shifts mark outward Indian FDI commitments in June

Shifting global supply chains are pushing more Indian firms to build a footprint abroad

Rupee rises 20 paise to 95.30 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.40 before rising further to 95.30, up 20 paise from its previous close

Govt tweaks MFI credit guarantee rules to boost scheme utilisation

The government has eased norms under the microfinance credit guarantee scheme to boost fund flow to smaller lenders as utilisation of the ₹20,000-crore corpus remains low

Lenders less likely to extend credit to new borrower now than a decade back

Lenders are less likely to provide loans to borrowers who are new to credit, as they prefer to serve their existing customers, a leading credit information company said on Thursday.

Industry concerns prompt GSTN to defer proposed e-way bill enhancements

The proposed August 1 rollout has been put on hold after businesses sought more time to modify ERP systems, update databases and test compliance processes

Zero PSB locker thefts in FY26: How bank lockers are secured in India

Public sector banks reported no locker thefts in FY26 after 40 cases over the previous four years. RBI guidelines prescribe security standards, customer alerts and bank liability for losses

Rupee rises 13 paise to 95.63 against US dollar during early trade

The rupee received support from positive domestic markets and foreign capital inflows, though a stronger dollar after the Fed policy decision limits gains

$32 bn inflows from India's forex drive yet to lift rupee, boost liquidity

RBI Governor Sanjay Malhotra has said that banks have mobilised $32 billion under recent measures, though the inflows are yet to significantly boost forex reserves, banking liquidity or the rupee

IBC moratorium shields only corporate debtor, not promoters, directors: SC

Top court says insolvency moratorium cannot be used by promoters, directors or guarantors to stall consumer and other legal proceedings against them

Google Pay launches second cobranded credit card, partners with SBI Card

Company also integrates Google Gemini into the app to help users analyse spending, track savings and understand financial concepts such as credit scores

Rupee is undervalued, says RBI Governor: What it means and why it matters

RBI Governor Sanjay Malhotra says the rupee is undervalued and recent weakness is due to global factors, not India's economy. Here's what it means and why it matters

Banks collected ₹7,086 crore as minimum balance penalties in FY26: Govt

According to the Finance Ministry, private sector banks accounted for nearly 70 per cent of the total minimum balance charges collected in FY26

Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know

Tax experts say one of the biggest misconceptions among taxpayers is that the income-tax department watches every small UPI transaction in real time

Rupee rises 5 paise to 95.77 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close

Banks double cyber insurance cover to $100 mn as digital threats intensify

Higher cyberattacks, rising claim severity and tighter regulatory scrutiny are prompting banks and financial institutions to significantly increase cyber insurance cover

Monsoon Session: PSBs' profit nearly trebled in 5 years, says FinMin

Public sector banks posted a record ₹1.98 trillion profit in FY26 as bad loans hit a historic low and credit growth remained strong across retail, MSMEs and agriculture

Lender fixes accountability: HDFC Bank clears path for CEO call

With the legal review and the MSRDC deposit issue now closed, HDFC Bank's board is expected to take up Managing Director and CEO Sashidhar Jagdishan's reappointment