Page 43 - Finance News

1 year to 1 month: RBI relaxes rules but keeps checks for fintech expansion

Payment aggregators can add new lines with 30-day notification while staying audit-compliant

Finance ministry to review US tariff impact on MSME sector on Monday

DFS secy to meet PSBs to assess credit flow

Jal Shakti, Skills ministries lag as railways lead pack in total spending

Consumer affairs and railways lead FY26 spending so far, as FinMin launches early pre-budget consultations to ensure fiscal prudence and even-paced expenditure

SBI to enhance gender diversity, increase female workforce to 30% by 2030

SBI has a total staff strength of more than 2.4 lakh, one of the highest in any organisation in the country

Opening top PSB posts to pvt sector a 'dangerous precedent': Bank unions

UFBU calls new ACC guidelines a de facto privatisation of leadership and urges government to review the move through a joint stakeholder committee

RBI outlines steps to improve investment management of EPFO corpus

Suggests differentiated investment strategies, market-linked accounting

RBI consolidates regulatory norms into 238 master circulars, repeals 9,000

The central bank streamlines regulatory framework across 11 entity types and 30 thematic areas to simplify compliance and improve clarity for the financial sector

NITI Aayog calls for pruning tax offences from 35 to six in new paper

The new paper proposes a three-tier approach to decriminalise minor tax offences and retain criminal liability only for wilful and high-value evasion

Relaxation of risk weights unlikely to spur growth in absence of demand

Banks in India are currently sitting on excess capital, with CET1 ratios around 14.7 per cent, well above the regulatory requirement of 8-9 per cent

Govt opens up State Bank of India managing director position to pvt sector

FSIB may hire HR agency to carry out behaviour and competency assessment of candidates

Finance ministry raises questions over PLI plan for rare-earth output

Says these subsidies could leave bidder with little incentive to improve efficiency or cut costs

Recent RBI policies to help banks stay at equilibrium: K V Kamath

Jio Financial Services Chairman K V Kamath says RBI's latest measures will restore equilibrium in bank lending and boost corporate credit growth

India, UK can set benchmarks for inclusion, trust: RBI Governor Malhotra

Malhotra highlighted that both the United Kingdom and India rank among the top jurisdictions in terms of the number of fintech startups and the scale of investments flowing into the sector

Fadnavis unveils Maharashtra's ₹50 trillion asset tokenisation plan

The Maharashtra CM said the state aims to become India's first "tokenised state" by digitising real-world assets to unlock Rs 50 trillion in dormant capital

Shirish Chandra Murmu takes charge as RBI deputy governor for three years

Murmu was an executive director of the RBI before being elevated to the post of deputy governor. He succeeds M Rajeshwar Rao, who completed his term

Starmer rolls out red carpet for Indian firms, fintechs to invest in UK

UK PM Keir Starmer invites Indian firms and fintechs to expand in Britain, promising a red-carpet welcome, faster authorisations, and new visa routes for talent

RBI appoints Sanjay Kumar Hansda as new Executive Director from March

Hansda, who recently returned from the IMF after serving as Senior Advisor, will head RBI's Department of Economic and Policy Research from March 2025

ONGC likey to provide first guarantee in 15 years for unit's bond sale

ONGC Petro Additions Ltd (OPAL), in which ONGC owns more than 95% stake, is looking to raise 50 billion rupees ($563.22 million) through a multiple-tranche bond sale, they said

NBFC MUDRA aims to diversify funding base with first-ever bond sale

The company, a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), is expected to issue its first tranche of 20 billion rupees before the end of the current quarter

Mukesh Ambani tops Forbes India rich list with $105 billion fortune

India's 100 richest see combined wealth fall by 9 per cent to $1 trillion, reflecting market volatility and currency headwinds