Page 46 - Finance News

Govt to meet banks, fintechs on Aug 29 to discuss Online Gaming Act rollout

The meeting, to be cochaired by secretaries of Department of Financial Services and Meity, will focus on operational measures required to enforce ban on real-money online games, according to source

Indian banks' net interest margins likely to improve in H2 FY26: S&P

S&P Global expects Indian banks' margins to recover in H2 FY26 after RBI's 100 bps rate cut hit Q1 earnings, with SBI, ICICI posting profit growth and asset quality seen healthy

Bond yields fall after four sessions of gains ahead of weekly auction

Government bond yields eased on short covering and FPI buying ahead of a Rs 32,000 crore auction, with spreads between 10-year and 15-year bonds and SDLs widening further

More than 560 mn Jan Dhan accounts opened in last 11 years: Sitharaman

She stated that PMJDY has been one of the major channels for delivering benefits under various schemes

RBI mulls restricting shadow banks from duplicating parent businesses

The central bank has been watchful of potential blowups in the sector, and has warned shadow lenders it would not hesitate to take action against firms that pursue reckless growth

'Not worried about rupee becoming a reserve currency': US Secy Bessent

As Trump tariffs hit India's trade, US Treasury Secretary Scott Bessent shot down talk of the rupee gaining 'reserve' status, citing its weakness versus the dollar

The great tax rewrite: New law promises simplicity, stronger oversight

A sharper new income-tax law simplifies the landscape for individuals and corporations, expands the reach of enforcement authorities

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Bank holiday today: Are banks open or closed on Wednesday, August 27?

As per the Reserve Bank of India's (RBI) regional holiday calendar, banks will be closed in certain regions of India on Wednesday, August 27 in observance of the first day of Ganesh Chaturthi

Diwali tax cuts risk worsening India's tariff sting as Trump threat looms

While lower consumption taxes will indeed spur demand, particularly for durables such as autos, TVs and ACs, it may not happen immediately

Govt bonds recover all losses on short covering; SDL yields surge

Government bonds recovered losses on Tuesday after short covering, with the 10-year yield closing flat at 6.60 per cent while SDL spreads widened sharply to 80 basis points

Nabfid, Nabard to tap overseas market by FY26-end amid yield pressure

NaBFID aims to raise $1 bn via ECBs and dollar bonds while Nabard eyes overseas fundraising by FY26-end as rising bond yields and global risks weigh on domestic mobilisation

Gems and jewellery sector seeks RBI relief as 50% US tariffs hit exports

Facing a 50% US tariff on exports, the gems and jewellery sector has asked the RBI for loan relief and EMI support, warning of payment delays, job losses and sector-wide stress

SBI Card, Flipkart launch co-branded credit card for seamless shopping

Customers can seamlessly apply for the credit card digitally via the Flipkart App, and SBI Card SPRINT, by visiting the SBI Card website SBI Card.com, the SBI Card said in a statement

UPI goes global: Cross-border transactions grow 20-fold in a year

Cross-border UPI transactions rose 20 times to 7.55 lakh in FY25, with expansion to seven countries and over 1.5 million merchants accepting the platform

India Inc meeting capex need with own cash, says SBI chief C S Setty

IBA to seek RBI nod to fund listed firms' M&A activities, says CS Setty

We don't get a penny for UPI infra: Axis Bank MD & CEO Amitabh Chaudhry

Axis Bank MD Amitabh Chaudhry said banks earn nothing from UPI transactions despite bearing the infrastructure costs, as subsidies and incentives shrink further

Non-bank lender Altum Credo raises ₹170 crore in funding led by BII

The funding will help the Pune-headquartered affordable housing-focused lender expand its operations in the country, as per a statement

RBI won't be found wanting if 50% US tariff hurts growth: Governor

Says Basel-III norms for credit and market risks likely from April 2027

Finance ministry allows one-time switch from new pension scheme to NPS

Finance ministry notification enables Central staff under the Unified Pension Scheme to shift to NPS once, not later than a year before superannuation