Page 6 - Finance News

Rupee falls on NDF dollar demand after Friday rebound, ends at 89.65

The rupee slipped to 89.72 per dollar on Monday on strong dollar buying in the NDF market, before trimming losses to close at 89.65 as dealers flagged a shift in RBI's approach

Paying in dollars soon? What rupee near 90 a dollar changes for your budget

For planning, the split matters. Near-term levels determine the cost of payments due now. Longer-term expectations do not help if your fee deadline is in the next few weeks

Home loan book set to cross ₹10 trn in FY26 on strong demand: SBI chief

At 14 per cent growth rate, SBI is well on the path to achieve a milestone of Rs 10 trillion home portfolio next financial year, he said

FM Sitharaman, MoS chair Finance, Corporate Affairs 'chintan shivir'

Senior officers from the Ministry of Finance and the Ministry of Corporate Affairs, and associated departments also attended the event

SBI to revisit construction finance policy for housing projects: Chairman

At present, the bank has almost negligible presence in construction finance for housing projects, but it is slowly building a book on commercial real estate, especially office space

Rupee sees strongest day in 3 years, strengthens to 89.29 per dollar

RBI intervened to curb speculative bets, say dealers

SFIO questions IndusInd Bank executives on accounting discrepancies

The MCA ordered an SFIO probe into IndusInd after statutory auditors and forensic reports flagged major accounting lapses

At $4.4 bn, Shriram Finance to get India's largest financial-sector FDI

Japan's MUFG Bank can nominate two non-independent directors

Benign inflation outlook calls for lower real interest rates: RBI Guv

MPC minutes: Data suggests some slack persists in economy, said Deputy Guv Gupta

MUFG deal: Shriram Finance likely to benefit from lower cost of funds

Some experts also said that with a significantly strengthened capital base, the lender may consider a move towards becoming a universal bank

GST rate rationalisation gives fillip to retail credit market in Q2FY26

The period saw more demand for vehicle finance (two-wheeler loans and auto loans) and consumer durables; and this also led to an uptick in the CMI for demand to 95 from 92

India's big bang financial reforms open doors to wave of foreign capital

In the latest step, lawmakers passed a bill this week allowing up to 100 per cent foreign ownership of insurance firms, bolstering an industry long viewed as under-penetrated and capital-starved

RBI's OMO auction sees strong demand, but experts say job still half done

Net liquidity fell into deficit after seven weeks; net liquidity in the banking system was in a deficit of ₹68,586 crore on Wednesday

FinMin unveils single brand logo for Regional Rural Banks nationwide

On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025

RBI clears Paytm arm PPSL as payment aggregator for offline transactions

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month

Finance Ministry asks three RRBs to give IPO blueprint by March-end

The DFS on Tuesday convened a meeting to review the IPO plans of three regional rural banks-Haryana Gramin Bank, Kerala Gramin Bank and Tamil Nadu Grama Bank

RBI Guv Malhotra signals rates to stay low for 'long period': Report

The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said

HDFC Bank cuts FD rates by 15 bps in select tenors; peak rate now 6.45%

HDFC Bank has lowered its fixed deposit rates by 15 bps for select tenors on deposits below Rs 3 crore, bringing its peak deposit rate down to 6.45% from December 17

RBI intervenes aggressively as rupee rebounds after hitting record lows

The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07

Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation

The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact