Page 55 - Finance News
Account Aggregator ecosystem driving credit access, says Finance ministry
As on date, 112 Financial Institutions have gone live both as Financial Information Providers (FIP) and Financial Information Users (FIU), while 56 have gone live solely as FIP and 410 as FIU
 "Account Aggregator ecosystem driving credit access, says Finance ministry")
UPI transactions up 3% in August to 20 bn as festive demand lifts usage
Festive season demand lifted UPI volumes in August, while IMPS declined; FASTag and AePS posted strong gains, reflecting India's deepening digital payments adoption
 "UPI transactions up 3% in August to 20 bn as festive demand lifts usage")
India to implement OECD's crypto reporting framework from April 2027
India is expected to sign the Multilateral Competent Authority Agreement (MCAA), a global framework for automatic exchange of tax information next year, he said
 "India to implement OECD's crypto reporting framework from April 2027")
Rupee hits fresh intraday low of 88.33 on tariff fears, ends flat at 88.20
The local currency regained all losses by the end of the trade on likely Reserve Bank of India (RBI) intervention by dollar sales, to settle at 88.20 per dollar, flat against Friday
 "Rupee hits fresh intraday low of 88.33 on tariff fears, ends flat at 88.20")
Bajaj Markets crosses $3 bn in disbursals, targets $1 bn more in FY26
Aims to end FY26 with an annualised run rate of close to billion dollars in disbursal
 "Bajaj Markets crosses $3 bn in disbursals, targets $1 bn more in FY26")
Deutsche Bank puts India retail banking business up for sale, invites bids
The Germany-based bank has pledged to make its retail business more profitable
 "Deutsche Bank puts India retail banking business up for sale, invites bids")
GST 2.0 should pave way towards single nationwide tax rate: Report
The report titled 'GST 2.0: Two Slabs Today, One Rate Tomorrow', strongly recommended pegging the peak indirect tax rate, including cesses, to 18 per cent
 "GST 2.0 should pave way towards single nationwide tax rate: Report")
Cut GST on automotive tyres, don't treat them like luxury goods: ATMA
At present, all major categories of automotive tyres attract GST at 28 per cent, the highest tax slab
 "Cut GST on automotive tyres, don't treat them like luxury goods: ATMA")
RBI likely to meet bond market this week to discuss H2FY26 borrowing
The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields
 "RBI likely to meet bond market this week to discuss H2FY26 borrowing")
Net ECB inflows rise to $4.6 billion in Apr-Jun 2025, shows RBI data
RBI data showed net ECB inflows rose to $4.6 billion in April-June 2025 from $2.8 billion a year ago, even as registrations moderated and sectoral trends diverged
 "Net ECB inflows rise to $4.6 billion in Apr-Jun 2025, shows RBI data")
Private capex likely to rise 21.5% to ₹2.67 trn in FY26: RBI article
The continued policy push for infrastructure, sustained disinflation, combined with lower interest rates, easy liquidity conditions, and rising capacity utilisation
 "Private capex likely to rise 21.5% to ₹2.67 trn in FY26: RBI article")
SBI signs Euro 100 mn line of credit with AFD to boost green financing
The funds raised will be used for climate mitigation actions aimed at reducing greenhouse gas emissions, the bank stated
 "SBI signs Euro 100 mn line of credit with AFD to boost green financing")
SBI, AFD sign Euro 100 mn line of credit to boost green financing in India
By empowering these measures, this collaboration strives to further advance India's transition to a low-carbon economy while enhancing resilience to climate-related risks, it said
 "SBI, AFD sign Euro 100 mn line of credit to boost green financing in India")
Investment outlook remains cautiously optimistic going ahead: RBI study
RBI study signals a cautiously optimistic outlook for private investments in FY26, backed by healthier balance sheets, policy support, and rising capex momentum
US tariffs pose downside risk to aggregate demand, says RBI report
Headline inflation to remain significantly below target this year; S&P upgrade bodes well for yields
NRI deposit inflows dip 10% in April-June, outstanding deposits rise
The total outstanding NRI deposits reached $168.32 billion at the end of June 2025, up from $155.78 billion a year ago
 "NRI deposit inflows dip 10% in April-June, outstanding deposits rise")
Datanomics: Higher investment needed to tread on 8% growth trajectory
India experienced its dream run of economic growth during 2003-10, barring 2008 when external shocks in the form of global financial crisis punctured India's high growth
 "Datanomics: Higher investment needed to tread on 8% growth trajectory")
Industry credit growth slows to 6% in July; bankers expect momentum ahead
During this period, credit to micro industries grew 21 per cent, while credit to medium industries rose 14.7 per cent. In contrast, credit to large industries increased by only 0.9 per cent
 "Industry credit growth slows to 6% in July; bankers expect momentum ahead")
Prebudget meetings for FY27 to start on October 9, Finance Ministry says
The Finance Ministry issued the Budget circular for FY27 announcing prebudget meetings from October 9 to mid-November to review expenditure needs and receipts of ministries
 "Prebudget meetings for FY27 to start on October 9, Finance Ministry says")
RBI imposes penalty of ₹44.70 lakh on Bandhan Bank over regulatory lapses
In a statement on Friday, the RBI said that a statutory inspection for supervisory evaluation of the bank was conducted with reference to its financial position as on March 31, 2024
 "RBI imposes penalty of ₹44.70 lakh on Bandhan Bank over regulatory lapses")