Page 5 - Finance News

RBI comes back swinging to hit brakes on rupee's slide towards 90

The central bank likely sold dollars on the order-matching platform and in the non-deliverable forward market, helping lift sentiment

Rupee may drop to 90 vs dollar by Dec-end, regain by Mar: BS Poll

Possible US trade deal may help lift Indian currency, say experts

Banks raised ₹55K crore through CDs in fortnight ended November 14

Outstanding certificate of deposits touch an all-time high of Rs 5.34 trillion

FinMin renews merger proposal of state-owned general insurance firms

Govt infused ₹17,450 cr between 2019-20 and 2021-22 in 3 PSU general insurance companies, namely Oriental Insurance, National Insurance and United India Insurance, to bring them out of distress

₹25k crore borrowing limit approved for India's first maritime NBFC

₹8,000 crore earmarked to be raised for FY25, SMFCL to mobilise funds through leading banks, financial institutions and bond issuances

FM Nirmala Sitharaman holds pre-Budget meet with energy, infra leaders

Finance minister Nirmala Sitharaman on Friday chaired her tenth pre-budget consultation, engaging key leaders from the energy and infrastructure sectors ahead of Union Budget 2026-27

PSU NBFCs plan to raise up to ₹24,000 crore through bonds next week

PSU NBFCs Nabard, Sidbi, PFC and IRFC will raise up to ₹24,000 crore next week as issuers rush to lock in funds ahead of the RBI's December policy review amid expectations of firming yields

UPI set to interlink with European instant payment system TIPS: RBI

UPI will be linked with Europe's tips system to enable faster, low-cost cross-border payments between India and the Euro area, with RBI and ECB starting work on technical integration

Muthoot Finance revises FY26 gold loan growth projection upward

In Q2FY26, Muthoot Finance's consolidated loan AUM increased by 42 percent from last year to Rs 1.47 trillion, while its gold Loan AUM increased by 45 percent from the year-ago quarter to Rs 1.24 trn

Sebi to strengthen link between infra and markets: Tuhin Kanta Pandey

He said that Sebi is actively engaging with institutional advice investors to deepen their participation in real estate investment trusts and infrastructure investment trusts

Small finance banks' Q2FY26 profit plunged 55% on rising credit cost

Rise in provisions & shrinking NII weigh on bottom-line

In a first, commercial banks' credit-deposit ratio breaches 80% mark

Another rate cut will make mobilising resources tough

Govt notifies capital gains scheme, expands digital payment options

The Capital Gains Accounts (Second Amendment) Scheme, 2025 adds digital payments, e-statements and mandatory online closure from 2027, modernising the 1988 framework for reinvesting capital gains

RBI plans to conduct 7-day VRR auction Fri to infuse ₹50,000 crore

The RBI's VRR operations are intended to infuse liquidity into the financial system and anchor short-term money market rates closer to the policy repo rate

RBI doesn't target rupee level, fall due to dollar demand: Guv Malhotra

The RBI Governor says rupee's fall is due to dollar demand, not policy moves, assures strong forex buffers and highlights improving strength of Indian banks

NBFCs seek refinance window, tax tweaks in pre-Budget meeting with FM

Industry representatives push for a dedicated refinance line, SARFAESI changes and tax alignment to support funding and recovery

Investment rate of 32% needed to achieve over 7% growth: EAC-PM chief Dev

PM EAC Chair Mahendra Dev said India must lift investment to 34-35% and raise savings to sustain 7%+ growth, stressing private investment, labour-intensive manufacturing and stronger exports

Trai sets deadlines for BFSI to adopt '1600' series for official calls

Trai said the direction has been issued "to enhance consumer trust, curbing spam, and preventing fraudulent activities perpetrated through voice calls"

RBI's inflation model under fire as persistent overestimates draw scrutiny

The central bank's inflation miss in the first three months of the year was 0.7 percentage points - the biggest gap in almost six years, and well above economists' projections

India in talks with 7-8 countries to extend UPI services: DFS secretary

India plans to expand UPI to 7-8 more countries by next year as DFS says the goal is to prioritise Middle East and East Asia, even as banking health strengthens and insurance remains a key focus