Page 48 - Finance News

Finance ministry asks PSBs to broaden credit focus amid tariff woes

"PSBs have been told to focus on credit growth across loan sizes, especially in core engineering, manufacturing, agriculture, MSMEs, and startups," the official said

RBI to conduct overnight VRR auction to infuse Rs 50,000 cr amid GST flows

RBI will conduct an overnight variable rate repo auction to infuse Rs 50,000 crore into the banking system, easing tightness from GST outflows and maturing VRRR amounts

RBI moots revision in capital charge norms for counterparty credit risks

The revision pertaining to CCR is proposed to largely align with the Basel Committee on Banking Supervision (BCBS) guidelines, reflecting the development and depth of the respective market segments

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

The incidence of default was higher among private lenders compared to their public sector counterparts, according to CareEdge Rating data

US tariffs key drag on growth, flags benign inflation outlook: MPC

The Reserve Bank of India held its key repo rate steady at 5.50 per cent earlier this month, after cutting rates by 100 basis points so far in 2025

Explainer: Why govt disbanded the NAA and why GST 2.0 may revive it

The Centre is considering reviving anti-profiteering provisions for two years to ensure consumers benefit from GST rate cuts

Banks fund India's digital payments while fintechs reap the revenue

UPI cost burden reaches Rs 8,500 crore annually as third-party apps dominate customer engagement

Re 1 rise in UPI value trims debit card use by 14 paise: SBI Report

SBI Research report reveals that a Re 1 increase in UPI transaction value reduces debit card usage by 14 paise, reflecting UPI's growing dominance in India's digital payments landscape

Rupee sees highest single-day gain in over six weeks on tariff relief

The Rupee saw its highest single-day gain in over six weeks, rising 0.45%, on hopes of a possible easing of US tariffs and a sovereign credit rating upgrade

Datanomics: GST rate-cut move chases push akin to the Laffer curve

GST collections expanded just 1.7 per cent in July, the slowest growth rate since the Centre began publishing monthly net receipts

Low savings account interest rates fuel a rush to liquid mutual funds

Net new account openings swell to 220,000 in 2025

US tariff impact: MSME NPA classification period likely to be doubled

"The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon," the official said

Mobile phone makers pitch for 5% GST in rate revamp to spur demand

Industry bodies representing device makers had earlier this year petitioned the finance ministry for a shift to 12 per cent, as the government reviewed GST rate slabs

Equities, rupee sparkle on 'double Diwali' promise; bonds flicker

10-yr bond yield sees sharpest rise in nearly two years as GST rejig plan stokes fiscal fears

The matrix, decoded: How QR codes are transforming payments in India

QR code, the little pixelated square, has changed how India pays or accesses information. Its applications are only limited by imagination

Mutual fund overseas assets fall 5.6% to $8.3 billion in FY25, says RBI

At the end of FY24, Indian mutual funds held assets of over $ 8.81 billion in foreign assets, as per the central bank's annual survey of foreign assets and liabilities of mutual funds

Bond yields jump 10 bps on GST cut proposal, wipe out rating upgrade gains

The 10-year bond yield rose 10 basis points to 6.50 per cent on fiscal worries over GST cuts, reversing gains from S&P's sovereign rating upgrade earlier last week

Govt mulling further FDI regime easing, more tax benefits for startups

The government is embarking on the next 100-day agenda of transformation to take India on a fast track to developed nation

As many as 409 firms operating from IFSC GIFT City: FM informs Parliament

Finance Minister Nirmala Sitharaman stated in a written Lok Sabha reply that banking, asset management, and other financial ecosystems have now been included and enabled in GIFT IFSC

FinMin to meet CEOs of PSBs on August 20 to review Q1 performance

The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources