Page 40 - Finance News

Pension assets may reach ₹45 trn in 5 years: PFRDA Chairperson S Ramann

Pension assets are projected to triple to ₹45 trillion in five years as PFRDA reforms open up customised products and aim to cover half of India's workforce by 2030

Nabfid must now focus on urban local bodies, says DFS secy M Nagaraju

Addressing NaBFID's infrastructure conclave, Nagaraju said the institution should work on new instruments at scale so that banks can rebalance their portfolios every three to five years

Banks bid ₹45,783 crore at RBI overnight VRR auction as liquidity dips

Banks bid nearly double the notified Rs 25,000 crore at RBI's overnight VRR auction as surplus liquidity fell to Rs 63,745 crore from Rs 1.89 trillion earlier this week

Corporates file $3.48 billion ECB intent in July, shows RBI data

Indian companies, including NBFCs, filed intent for $3.48 bn in ECBs in July 2025, with $3.22 bn via the automatic route and $100 mn via the approval route, RBI data showed

UP to benefit most from GST cuts, CM Adityanath hails PM for 'Diwali gift'

He said the tax changes will give a major boost to farmers, local industries and employment while strengthening the state's transformation from a 'BIMARU' state to a prosperous one

Viewing EPF passbook just got easier as EPFO unveils 'Passbook Lite'

'Passbook Lite' allows members to quickly view a summary of contributions, withdrawals, and current balance without needing to open the separate passbook portal

Finance ministry urges employees to opt for UPS before Sept 30 deadline

Around 31,555 central government employees had opted for the UPS till July 20

RBI sets up regulatory review cell to revisit rules every 5-7 years

RBI has established a regulatory review cell to assess norms every 5-7 years and formed an external advisory group of experts to channel industry feedback into the review process

Rupee gains to over 2-week high ahead of US Federal Reserve meet outcome

The US rate setting panel is scheduled to announce its policy decision after Indian markets hours. The foreign exchange market has priced in a 25-basis-point rate cut

PFRDA proposes NPS exit, withdrawal rule changes; seeks feedback by Oct 17

PFRDA has proposed amendments to NPS exit and withdrawal rules, including redefining exit, higher lump sum limits, revised partial withdrawals and financial assistance options

PM Vishwakarma Scheme: PSBs disbursed loan in 1 of 4 applications till Aug

The scheme - launched in 2023 on the birthday of PM Modi to provide financial support and skill development to artisans in informal sector - has received 1.2 mn applications by PSBs till August 2025

GST cut to save discoms ₹3,000 crore annually on power costs: MNRE

MNRE said reducing GST on renewable devices to 5% from 12% will save discoms Rs 2,000-3,000 crore annually, lower solar project costs and boost clean energy investment

Central govt notifies CGST rates for goods effective September 22

States will now have to follow suit and notify the State GST (SGST) rates to be levied on goods and services beginning Monday

Fintech firm Razorpay integrates Apple Pay to support foreign transactions

Razorpay has integrated Apple Pay for cross-border transactions, enabling Indian merchants to tap global users with faster checkout and higher conversion rates

Financial inclusion drive opens 6.1 million Jan Dhan accounts in 2.5 months

The Finance Ministry said its three-month financial inclusion drive has opened 6.1 million Jan Dhan accounts, 26 million social security enrolments and updated crores of inactive accounts

Securitisation volumes to dip in Q2 as investors shun unsecured loans

Securitisation activity is likely to stay subdued in Q2FY26, with volumes at Rs 63,000 crore as investors turn cautious on unsecured and microfinance loan pools

CSC e-Governance Services crosses ₹3,000 crore loan disbursal mark

"The programme has shown rapid growth, with disbursals of Rs 86 crore in FY 2023-24, Rs 1,631 crore in FY 2024-25, and Rs 1,300 crore till August 2025 in FY 2025-26," it said

Corporate credit growth to revive in H2 FY26, says Crisil Ratings

Crisil Ratings expects bank credit growth to accelerate in H2 FY26 to 11-12%, driven by retail loans and NBFCs, with corporate credit growth rebounding to 9.7%

Muthoot Finance raises $600 mn via ECB, completes $2 bn GMTN target

Muthoot Finance has raised $600 million via ECB, marking the final tranche under its $2 billion GMTN programme, with funds earmarked for lending expansion across India

Firstsource Solutions appoints Kumaran Shanmuhan as Chief Strategy Officer

The appointment is a step in advancing Firstsource's 'UnBPO vision', which the company described as transformative reimagining of outsourcing driven by expertise and technology