Page 46 - Finance News

India's forex reserves fall $2.3 billion to $700.23 billion, shows RBI data

Last week, India's forex kitty had declined by $396 million to $702.57 billion, data showed

India remains anchor of stability in volatile world: RBI Guv Malhotra

The governor attributed the country's strong fundamentals to low inflation, good foreign exchange reserves, a narrow current account deficit, and the very strong balance sheets of banks

Jains form tiny population but contribute 24% of tax revenues: Rajnath

He also said the Jain community's philosophy is deeply rooted in Indian culture, and its history is an invaluable lesson in the spiritual and cultural journey of India

Govt looks to address gaps used to illegally transfer forex overseas

Several scammers are easily tampering with certificates issued by chartered accountants (CAs) using easily available and simple tools like PDF editors

RBI proposes basic savings bank deposit account as a standard service

The central bank, in the draft circular, has asked banks to publicise that BSBD accounts are available and their features

Nearly 4,000 GST complaints filed in first week of reforms, says govt

The Consumer Affairs Ministry said the National Consumer Helpline received 3,981 GST-related complaints in the first week of reforms, mainly on milk pricing and electronics

India Ratings downgrades Wapcos loans on stretched working capital cycle

India Ratings has cut WAPCOS's bank loan rating from A- to BBB citing a stretched working capital cycle, reliance on debt and audit concerns, even as its order book remains strong

Slower growth, under-target inflation will prompt another rate cut: BMI

BMI added that the central bank's growth and inflation forecasts for FY26 are too high, pointing to it as one of the main reasons behind the possible cuts

Govt bond yields soften as RBI signals scope for further rate cuts

Government bond yields fell six basis points as RBI governor Sanjay Malhotra signalled space for further easing of 25-30 basis points, boosting gilts market sentiment

PSBs continue to grab higher share in incremental credit growth: RBI

Bankers said the increase in market share in the last 18 months is the outcome of a combination of factors like changes in macro environment

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers

RBI to ease risk weights for NBFC infra loans, cut financing costs

It has been proposed to introduce a principle-based framework for assigning risk weights to infrastructure loans given by these entities

RBI examining digital phone locking as loan recovery tool, says governor

In September 2025, it was reported that the RBI is considering allowing lenders to use "device-locking technology" (DLT), by which they can lock the borrowers' smartphone in the case of a default

FM proposes 'Pension Sakhis' to drive NPS growth, launches new scheme

FM Nirmala Sitharaman proposed training women as Pension Sakhis to boost NPS enrolments and launched the Multiple Scheme Framework giving subscribers greater flexibility

UPI transaction down 2% in Sept; IMPS, FASTag, AePS also record decline

UPI transactions fell to 19.63 billion in September though value rose marginally, while IMPS, FASTag, and AePS also recorded declines in both volume and value

Higher-rated banks to pay less premium under RBI's proposed model

RBI has proposed a risk-based deposit insurance premium model from FY27 with the flat rate as the ceiling, lowering costs for stronger banks while improving risk management

RBI to issue draft framework easing ECB norms, widens eligibility scope

RBI will release a draft framework to simplify ECB rules with wider borrower and lender eligibility, relaxed limits, eased reporting, and extended IFSC repatriation timeline

FIU issues notices to 25 offshore crypto platforms for PMLA non-compliance

FIU-IND has flagged 25 offshore crypto platforms for operating in India without PMLA registration and ordered takedown of their apps and URLs under IT Act directions

No proposal to levy charges on UPI transactions, says RBI governor

RBI governor Sanjay Malhotra said UPI transactions will remain free, while the central bank tests an AI-driven fraud detection system to curb risks in digital payments

FACE appoints ex-RBI executive Manoranjan Mishra as independent director

Ex-RBI executive director Manoranjan Mishra has joined FACE as an independent director, bringing decades of regulatory experience to strengthen fintech self-regulation