Page 6 - Finance News

Fintech funding up 14% to $2.2 bn in Jan-Sep, deal count falls 41%: Tracxn

This year's funding is still only about 40 per cent of the peak of $5.5 billion recorded in the first nine months of 2021

RBI extends forex risk reserve requirement to banks' own hedging contracts

The central bank has mandated a 20 per cent reserve on eligible rupee derivative contracts used by authorised dealers to hedge their own currency risks, without a minimum transaction threshold

RBI tightens rupee derivatives rules, widens 20% cash reserve requirement

The move is the latest in a slew of measures announced by the central bank since Saturday aimed at supporting the rupee, which has been falling due to steep oil prices and capital outflows

EPFO 3.0 rollout a year away; gig worker benefits may be delayed

EPFO 3.0 may take another year to roll out after tendering is completed, potentially delaying social-security benefits for gig, platform, unorganised and construction workers.

RBI steps may steady rupee, but new lows seen by FY27-end: BS Poll

Poll respondents expect the depreciation bias to persist, with some suggesting that the RBI may need to raise interest rates more aggressively to counter pressure on the rupee

Securitisation volume hits record ₹1.47 trillion in H1 FY27: ICRA

Gold loan securitisation and a recovery in vehicle loan transactions drove a 42 per cent rise in volumes, with ICRA projecting a record Rs 2.6-2.7 trillion for FY27

CreditAccess Grameen raises $175 million via syndicated social loan

The microfinance lender secured funding from 10 financial institutions across Asia, the Middle East and Africa to diversify borrowing sources and optimise funding costs.

RBI's liquidity move lifts weighted average call money rates by 12 bps

The measures, including moves to increase the daily CRR maintenance limit to 99 per cent and bond sales through open market operations, will also help accelerate rate hike transmission, they said

Banks seek RBI relief, clarity on India's latest rupee-defence measures

Lenders have approached ‌RBI via a forex industry body, seeking the removal of a mandate that banks make a 20% cash deposit with the RBI for FX derivatives used to hedge current-account exposures

Mutual funds set to extend $4.5 bn bond sellfoff after RBI policy shift

The Reserve Bank of India raised rates for the first time in nearly four ‌years and signalled further increases as inflation rises

Rupee posts biggest gain in 6 months after RBI measures to support currency

The currency gained 1%, its biggest jump since April, to 95.7575 per dollar on Monday

HSBC leads international banks in fundraising for Indian companies

The bank topped G3 bonds and syndicated loans, and ranked among the leading international investment banks for equity fundraising

UPI MDR framework needs rationalisation to protect public trust: Report

The report suggested that merchants with annual turnover of Rs 50 crore or more are mandated by law to provide UPI as a means for accepting payments

PNB Housing Finance sees 5-8 bps margin improvement from rate hike: MD

After a gap of almost four years, the Reserve Bank raised its benchmark lending rate by 25 basis points to 5.5 per cent, making borrowing from the central bank costlier to contain inflation

FPIs pull out ₹44,166 cr from equities in Oct, 2026 outflows cross ₹3 trn

Also, the artificial intelligence-led rally in North Asian markets attracts higher foreign capital

Rupee defence raises question of how far RBI will go as pressure mounts

The rupee is poised to rally when trading resumes Monday, with analysts expecting the RBI to defend the 97-per-dollar level

RBI opens special dollar window for oil firms as rupee comes under pressure

Special window for PSU oil companies from Monday; Forex dealers will not permit users to rebook any foreign exchange derivatives

CEA calls for flexible special mention accounts norms for MSME loans

Chief Economic Adviser V Anantha Nageswaran said a uniform 90-day overdue timeline does not suit all MSMEs, as businesses across sectors have different cash flow cycles

Shriram Finance to raise FD rates by 15-40 basis points from October 11

The revised rates will apply to deposits of up to ₹10 crore, with 36-60-month deposits earning 7.85 per cent; additional rates for seniors, women and renewals will continue

September e-way bill generation rises 7.2% to a new record 141.53 million

September e-way bill generation rose 1.75 per cent from August to a record 141.53 million, as the GST Council proposed curbs on routine checks of goods moving by road.