Page 40 - Finance News

RBI dismisses gold sale rumours, physical reserves steady at 880.52 tonnes

The clarification from the Reserve Bank of India (RBI) comes following reports that the RBI may have sold gold amounting to approximately $12 billion to shield its foreign-currency reserves

RBI June MPC decision: When and where to watch Guv Malhotra's address

The Reserve Bank of India's monetary policy committee will decide on the repo rate and announce inflation projections as well on June 5

Rupee falls 28 paise to 95.64 against US dollar during early trade

Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment

Corporate bond issuances hit 3-year low in Apr-May amid West Asia war

In April-May of FY27, Indian firms raised Rs 1.07 trillion, compared to Rs 2.53 trillion in the same period last year

Digital NBFCs' share of personal loans grows both in value and volume terms

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply

Soiled note disposal by RBI falls sharply in FY26 due to machine upgrades

The central bank disposed of 17 billion soiled and mutilated banknotes in FY26, down from 22.9 billion a year earlier, as replacement of shredding systems disrupted processing operations

UPI expands international presence to Cambodia through KHQR linkage

Indian travellers can use UPI apps at over 4.5 million merchant outlets in Cambodia, while Cambodian visitors will gain access to UPI-enabled payments in India in the next phase

Rupee rises 16 paise to 95.03 against US dollar during early trade

Forex traders said the USD/INR pair opened on a positive note this morning on a slight risk off sentiment

RBI staff strength falls for first time in five years, down 2.2% in FY26

The Reserve Bank of India's workforce declined to 13,220 in FY26, marking the first fall in five years, even as employee expenditure rose on higher pension-related costs

Now, over a third of term deposits ₹5 crore+ accounts: RBI data

Large-ticket deposits are gaining prominence as banks struggle to mobilise retail savings, increasing reliance on a small pool of high-value depositors

UPI transactions scale fresh peak in May; value rises to ₹29.90 trillion

UPI transactions touched a record ₹29.90 trillion in May while volumes rose to an all-time high of 23.20 billion, underscoring the continued expansion of India's digital payments ecosystem.

Govt plans 'AI-against-AI' approach to strengthen digital public infra

Govt is considering deploying artificial intelligence to identify vulnerabilities and strengthen digital public infrastructure as concerns grow over advanced AI models' cybersecurity capabilities

Rupee falls 9 paise to 94.94 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering a fall of 9 paise from its previous close

Preference for proven credit rating hits first-time borrowers harder

Consumer durable financing has emerged as the primary gateway to formal credit as lenders increasingly favour borrowers with established repayment records

Fault lines are deepening in ATM business as operational issues mount

Rising wage and logistics costs are exposing long-standing stress points in India's ATM ecosystem, prompting calls for a rethink of interchange fees

NPCI chief Asbe bats for regulatory framework for fintech AI ecosystem

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases

Net household financial savings rise to 7% of GNDI in FY25: RBI report

Net household financial savings increased to 7 per cent of GNDI in FY25 as a sharp decline in financial liabilities outweighed a moderation in gross financial savings

'Strong preference' for cash use despite digital payments growth

Despite rapid growth in digital payments, RBI's survey found that households and small retailers continue to prefer cash, while currency in circulation rose strongly in FY26

RBI plans cross-border CBDC pilots amid digital currency experiments

Central bank will expand digital rupee experiments in 2026-27, focusing on cross-border payments, asset tokenisation, programmable money and welfare applications

RBI weighs adding 'frictions' to digital payments to tackle online fraud

Central bank is exploring transaction delays, broader customer controls and a kill switch mechanism as digital payment frauds continue to rise in value