Page 41 - Finance News

Commercial banks may not need RBI approval for floating subsidiaries

Regulator to emphasise on non-duplication of businesses

Indian govt pushes to expand rupee settlement with key trade partners

Initial steps include establishing direct rupee rates that don't rely on a third currency, such as the US dollar, for cross-reference, said the person familiar with the central bank's thinking

Festive rush propels Skye Air to target 300k drone shipments this October

Drone startup Skye Air expects record festive volumes, partners with Blue Dart, DTDC, Shiprocket, and Ecom Express; plans city-wise expansion to Bengaluru and beyond in 2025

Foreign investors to invest ₹50k cr in finance, banking sectors: Goyal

Even in turbulent times, Foreign Direct Investment (FDI) continues to flow robustly, the minister said

PNB expects $1 billion hit in transition to new credit rules, says CEO

The country's third-largest state-owned lender by market capitalisation is one of the first to disclose an estimate on the likely effect of the rules

Banking pads up to cover a new ground with risk-based deposit insurance

Shifting to a system of risk-based deposit insurance may over time force banks to become even more prudent and mindful of their finances

Govt extends deadline for filing GSTR-3B return by 5 days till Oct 25

The Central Board of Indirect Taxes and Customs (CBIC), in a notification, said the GSTR-3B filers for September and the July-September quarter can pay taxes by October 25

Emirates NBD to invest $3 bn in RBL Bank for up to 60% controlling stake

The proposed investment will be made through a preferential issue and is subject to regulatory approvals and customary closing conditions

Listing of PSU financial subsidiaries to unlock value: DFS Secretary

M Nagaraju says listing subsidiaries of state-owned financial entities will unlock value, strengthen corporate governance, and enhance market oversight

Corporate fundraising through bonds totals Rs 5.47 trillion in H1FY26

Indian firms raised Rs 5.47 trillion through bonds in H1FY26 as lower yields drove strong Q1 activity; experts expect a rebound in the second half as banks re-enter the market

I-T department begins action on firms failing to report high-value deals

The Income Tax Department has started issuing notices and levying penalties on these non-compliant entities, directing field officers to complete the process by end-November

RBI initiatives helping cross-border trade, payments: Governor Malhotra

RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs

Allianz appoints Ritu Arora as country head for India effective immediately

In her role as Asia CIO, she managed investment functions across 12 countries with assets under management totalling about $50 billion, significantly boosting investments in Indian public markets

RBL Bank to explore equity fund raise during October 18 board meet

Board may approve equity shares, linked instruments via preferential issue or private placement

RBI not targeting any specific Rupee level, says Guv Malhotra at IMF

The Reserve Bank of India is selling dollars in both onshore and offshore markets after what it saw as speculative attacks by global fund managers on the rupee

Axis Finance to become upper-layer NBFC; listing likely within 3 years

Axis Bank CEO Amitabh Chaudhry says the NBFC arm's size qualifies it for upper-layer classification; stake sale planned to raise growth capital amid RBI's revised norms

Festive demand, tech push lift India's PE-VC deal value to $26 bn in 2025

During the first nine months of 2025, PE and VC investments have already exceeded the aggregate investment amount recorded in the whole of 2023 and 2024, respectively

Sebi chief urges public interest directors to strengthen governance at MIIs

Speaking at the Public Interest Directors Conclave, the Sebi chairman said that the role of PIDs will increase in significance and will also be under increased scrutiny

Paytm brings entities under direct ownership to simplify structure

The move consolidates Paytm's offline and online merchant payments and brings insurance and lending arms under One97 Communications' direct control

Algorithmic decision-making, data concentration pose systemic risks: RBI DG

RBI Deputy Governor Swaminathan J says fintech growth and technological interconnections require strong digital governance to prevent systemic vulnerabilities