Page 52 - Finance News
Call for paring govt stake in public sector banks, greater board autonomy
The discussion also touched upon the objective of ensuring that at least two public sector banks feature among the world's top 20 banks
 "Call for paring govt stake in public sector banks, greater board autonomy")
ED claims MNC firms gained from fake input tax credit scam worth crores
The raids were undertaken in connection with a multi-crore fake ITC fraud following registration of a case under the Prevention of Money Laundering Act (PMLA), it said in a statement
 "ED claims MNC firms gained from fake input tax credit scam worth crores")
Overleverage in retail loans is a concern, warns JFSL chairman Kamath
K V Kamath warns of overleverage in retail credit as fintechs lend at low scores; RBI data shows rising defaults in unsecured personal loans
 "Overleverage in retail loans is a concern, warns JFSL chairman Kamath")
Banks park ₹1.5 trillion at RBI's three-day VRRR liquidity auction
Banks placed Rs 1.5 trillion in RBI's three-day VRRR auction as surplus liquidity hit Rs 2.85 trillion, with WACR firming to 5.43 per cent from 5.35 per cent
 "Banks park ₹1.5 trillion at RBI's three-day VRRR liquidity auction")
Indian banks' dividend payouts may fall by 4.2% in FY26, says S&P
S&P Market Intelligence expects Indian banks' dividend pay-outs to decline 4.2% in FY26 as margins and profits weaken, with HDFC Bank and Bank of Baroda set to cut dividends
 "Indian banks' dividend payouts may fall by 4.2% in FY26, says S&P")
Exporters, industry bodies knock on RBI's door for US tariff buffer
Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US
 "Exporters, industry bodies knock on RBI's door for US tariff buffer")
Finance firms may keep cornering mkt share from banks: S&P Global Ratings
S&P Global Ratings expects NBFCs to expand loan books at 21-22% in two years, outpacing banks' 11-12% growth, with India's household leverage set to rise to 31% by FY30
 "Finance firms may keep cornering mkt share from banks: S&P Global Ratings")
NaBFID to submit infrastructure financing report to DFS within 15 days
NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs
 "NaBFID to submit infrastructure financing report to DFS within 15 days")
Climate finance crucial, India needs $10 trn for net zero: Bhupender Yadav
Yadav said such high-integrity carbon markets, based on transparency and clear accounting, can channel billions into climate action that would otherwise not be financed
 "Climate finance crucial, India needs $10 trn for net zero: Bhupender Yadav")
Rupee plunges 36 paise to close at all-time low of 88.47 against US dollar
Forex traders said a recovery in the US dollar ahead of the inflation data and foreign fund outflows further dented investors' sentiments
 "Rupee plunges 36 paise to close at all-time low of 88.47 against US dollar")
RBI likely to grant lenders greater authority for small loan recovery
Last year, the Reserve Bank of India asked lenders to halt locking phones of defaulting borrowers
 "RBI likely to grant lenders greater authority for small loan recovery")
RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr
Central bank has purchased the parcel for self-use and commercial purposes, according to documents
 "RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr")
ICICI Bank, Amazon Pay renew partnership for co-branded credit cards
ICICI Bank and Amazon Pay have extended their co-branded credit card partnership for seven years, lowering forex markup and continuing unlimited cashback rewards
 "ICICI Bank, Amazon Pay renew partnership for co-branded credit cards")
Non-life insurance premiums up 1.6% in August on crop insurance drag
Non-life insurers saw premiums rise 1.6% in August to Rs 24,953 cr as crop insurance weakened; New India Assurance and National Insurance posted strong growth
India's outbound FDI down to $2.1 billion in August, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
 "India's outbound FDI down to $2.1 billion in August, shows RBI data")
NBFCs see minimal relief in borrowing costs despite aggressive rate cuts
Muted transmission of repo rate reductions keeps borrowing costs high, with analysts expecting full benefits to flow in gradually over 18 months
 "NBFCs see minimal relief in borrowing costs despite aggressive rate cuts")
NBFC loans to grow 15-17% in FY26 on GST reforms, liquidity boost: Icra
Their credit expanded 17 per cent in FY25 and 24 per cent in FY24, respectively
Banks, NBFCs may tap overseas market as dollar bond spreads narrow
Following India's rating upgrade, in investment grade space, spreads have compressed by 10 - 15 bps while in high yield space spreads have compressed by 25 - 30 bps
Gujarat stays top state for bank-backed investments; Maharashtra second
Bank and financial institution support for projects stayed high in FY25, with Gujarat, Maharashtra, and Uttar Pradesh among the top states driving nearly 60 per cent of total project costs
 "Gujarat stays top state for bank-backed investments; Maharashtra second")
From exporters to bond traders, RBI facing increasing calls to step in
It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in