Page 40 - Finance News
RBI flags geopolitical tensions as key risk to cross-border payments
The RBI and the Monetary Authority of Singapore (MAS) have operationalised the linking of their respective FPS - UPI and PayNow - respectively in 2023
 "RBI flags geopolitical tensions as key risk to cross-border payments")
UPI accounts for 85% of payment volumes: RBI's payment system report
RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25
 "UPI accounts for 85% of payment volumes: RBI's payment system report")
Corporate advance growth for large banks robust in Q2 as demand picks up
Pickup driven largely by higher working capital demand
 "Corporate advance growth for large banks robust in Q2 as demand picks up")
Venture funding slowed in September quarter; exit activity at 7-year high
Geopolitical uncertainty weighs on new investment, but strong IPO activity drives record exit value, says KPMG report
 "Venture funding slowed in September quarter; exit activity at 7-year high")
CBDC adoption may take 2-3 years as banks struggle with tech, incentives
CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee
 "CBDC adoption may take 2-3 years as banks struggle with tech, incentives")
Customers allowed to opt for up to four nominees in bank accounts
New provisions come into effect from November 1
 "Customers allowed to opt for up to four nominees in bank accounts")
Railways using tech, DFCs to ease movement amid Chhath rush: Vaishnaw
Sincere effort to ease movement within constraints, says minister
 "Railways using tech, DFCs to ease movement amid Chhath rush: Vaishnaw")
Credit card transactions surge, but debit card transactions decline: RBI
The report also highlighted that private sector banks continue to dominate the credit card segment, focusing on digital and co-branded offerings for customers
 "Credit card transactions surge, but debit card transactions decline: RBI")
RBI proposes to make use of UTI mandatory for OTC derivative transactions
The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner
 "RBI proposes to make use of UTI mandatory for OTC derivative transactions")
Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report
Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024
 "Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report")
Bank customers can opt for up to four nominees in their accounts from Nov 1
The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday
SFBs boost secured lending as they move towards universal bank status
AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks
 "SFBs boost secured lending as they move towards universal bank status")
UCO Bank to add another 150 branches by March to expand business
Currently, the Kolkata-based lender has 3,322 branches across the country and with the addition of 150 branches, the network would rise to 3,472 by the end of the current financial year
 "UCO Bank to add another 150 branches by March to expand business")
Provisions of SC/ST Act can't be used to curtail bank's mortgage rights: HC
According to the petition before the court, a credit facility of Rs 16.69 crore was sanctioned by Axis Bank to Sundev Appliances Ltd, secured by a mortgaged property in Maharashtra's Vasai, in 2013
 "Provisions of SC/ST Act can't be used to curtail bank's mortgage rights: HC")
Large pvt banks see green shoots, expect credit demand revival in H2FY26
Attribute this to fiscal, monetary measures
 "Large pvt banks see green shoots, expect credit demand revival in H2FY26")
RBI's proposal on ECB likely to give realty sector a funding boost
Proposal allows External Commercial Borrowings for real-estate activities where FDI is permitted
 "RBI's proposal on ECB likely to give realty sector a funding boost")
Travel, education drag outward remittances under RBI's LRS in August
India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms
 "Travel, education drag outward remittances under RBI's LRS in August")
Extending deadline not enough, MCA portal needs fixing, say experts
Despite the MCA extending its filing deadline to December 31, professionals say persistent glitches on the new version 3 portal continue to stall compliance work
 "Extending deadline not enough, MCA portal needs fixing, say experts")
Lenders tap alternative data as next frontier in credit fraud fight
Fintechs, credit platforms analyse digital footprint, metadata, behaviour to detect fraud and underwrite new-to-credit users
 "Lenders tap alternative data as next frontier in credit fraud fight")
26% of Jan Dhan accounts with PSBs inactive as usage slows under PMJDY
As of September 2025, 142.8 million Jan Dhan accounts in public sector banks are inactive; officials say RuPay card issuance gap also persists at 31 per cent
 "26% of Jan Dhan accounts with PSBs inactive as usage slows under PMJDY")