Page 58 - Finance News

SMBC gets approval from RBI to acquire up to 25% stakes in Yes Bank

Will not be categorised as promoter, RBI clarified

AMFI inks pact with Dept of Posts to train 100K postmen to distribute MFs

A memorandum of understanding in this regard was signed between AMFI and the postal department at an event here to mark AMFI's 30th foundation day

VinFast Auto partners with SBI to provide car loans for EV buyers

The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker's first product rollout in the country

RBI approves Indranil Bhattacharya's nomination as MPC ex-officio member

Indranil Bhattacharyya, Executive Director at RBI, has been nominated as an ex officio member of the Monetary Policy Committee (MPC), following the 618th meeting of the RBI's Central Board in Lucknow

RBI names Indranil Bhattacharyya as new MPC member ahead of October meet

The RBI Board approved Bhattacharyya's nomination as an ex officio MPC member, replacing Rajiv Ranjan

The good and worrying about the bad loan problem of state-owned banks

Lenders are improving asset quality but they are struggling to recover money

RBI board to meet Friday to approve new internal monetary policy member

The RBI board will approve Indranil Bhattacharyya as the new internal member of the monetary policy committee, replacing Rajiv Ranjan ahead of the next review in late September

RBI receives ₹31,025 cr bids at VRR auction against ₹50,000 cr notified

RBI's overnight VRR auction received Rs 31,025 crore bids against Rs 50,000 crore notified as surplus liquidity stayed high despite upcoming tax outflows

Transfer-pricing cases under MAP take longer to resolve in India

OECD data shows higher timelines and heavier volumes than peer economies

GST rationalisation: GoM backs Centre's proposal to end 12%, 28% tax rates

The Group of Ministers on Thursday accepted the Central government's plan to replace current GST rates of 12% and 18% for most items with a much-lower 5% and 18% slabs, as well as a steep 40% levy on

GoM on rate rationalisation meets to discuss Centre's GST rate cut proposal

The 6-member Group of Ministers (GoM) on rate rationalisation is chaired by Bihar Deputy Chief Minister Samrat Choudhary

The cost of free: UPI's exponential growth strains limits of subsidies

Industry players add that while other monetisation-friendly avenues are emerging for UPI, those require to be developed further to offset the impact of free transactions

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