Page 60 - Finance News
RBI's revised co-lending norms likely to boost NBFC growth: Crisil
The revised norms allow Direct Lending Guarantees across loan types and reduce the minimum loan retention threshold for NBFCs to 10%, says Crisil
 "RBI's revised co-lending norms likely to boost NBFC growth: Crisil")
RBI's AI panel calls for balancing innovation with risk mitigation
Seven sutras outlined for fair, transparent, and safe AI adoption
 "RBI's AI panel calls for balancing innovation with risk mitigation")
SBI to impose nominal charges from Aug 15 on IMPS transfers beyond ₹25,000
Transactions above ₹ 25,000 done through online channels will now attract nominal charges ranging from ₹ 2-10 plus Goods and Services Tax (GST)
 "SBI to impose nominal charges from Aug 15 on IMPS transfers beyond ₹25,000")
Banks to clear cheques within few hours from October 4, says RBI
Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours
 "Banks to clear cheques within few hours from October 4, says RBI")
Monetary Policy Committee likely to get a new member before October meet
Indranil Bhattacharyya will take over as executive director in charge of the monetary policy department as Rajiv Ranjan is set to retire
 "Monetary Policy Committee likely to get a new member before October meet")
RBI allows NRIs to invest rupee surplus in vostro accounts in G-secs
In a communication to all authorised dealer category-I banks, it said the directions take effect immediately and asked the banks to communicate the same to their clients
Simple language, lucid, says FM as Parliament passes Income Tax Bill, 2025
Opposition members staged a walkout in the Rajya Sabha during the discussion, mirroring their protest in the Lok Sabha on Monday
 "Simple language, lucid, says FM as Parliament passes Income Tax Bill, 2025")
MFIN seeks ₹20,000-cr credit guarantee from govt to boost NBFC-MFIs
MFIN seeks a ₹15,000-₹20,000 crore government-backed credit guarantee to encourage banks to lend to NBFC-MFIs, citing improved collection efficiency and liquidity needs
 "MFIN seeks ₹20,000-cr credit guarantee from govt to boost NBFC-MFIs")
Microfinance sector seeks up to $2.2 bn credit guarantee support from govt
The total loans outstanding for the sector were ₹3.5 trillion in June 2025, down 16.7 per cent from June 2024, the data showed
 "Microfinance sector seeks up to $2.2 bn credit guarantee support from govt")
Raising FDI limit for insurers to 100% will create jobs: FM Sitharaman
The increase in FDI in Indian insurance companies from 74 per cent to 100 per cent was announced in the Union Budget on February 1, 2025
 "Raising FDI limit for insurers to 100% will create jobs: FM Sitharaman")
Net direct tax mop-up falls nearly 4% to ₹6.64 trn in FY26 on high refunds
Total net collections stood at about Rs 6.64 trillion, a 3.95 per cent fall over Rs 6.91 trillion collected in the same period last fiscal (2024-25)
 "Net direct tax mop-up falls nearly 4% to ₹6.64 trn in FY26 on high refunds")
New Income-Tax Bill restores alternate minimum tax relief for LLPs
Lok Sabha clears revised I-T Bill, along with tax law amendments
 "New Income-Tax Bill restores alternate minimum tax relief for LLPs")
RBI says re-KYC completed for over 3.5 mn accounts in FI campaign
RBI reports 3.5 mn bank accounts have completed re-KYC during nationwide financial inclusion camps running from July to September 2025 at Gram Panchayat level
Govt plans credit guarantees for small firms, exporters hit by US tariffs
The federal finance ministry has proposed to provide 10-15 per cent credit guarantees to banks for advancing loans to stressed small businesses, with turnover up to ₹500 crore
 "Govt plans credit guarantees for small firms, exporters hit by US tariffs")
VinFast Auto India, HDFC Bank partner for auto, inventory financing
The two partners have signed a Memorandum of Understanding (MoU) for the same, the company, a subsidiary of Vietnam's EV maker VinFast, said in a statement
 "VinFast Auto India, HDFC Bank partner for auto, inventory financing")
Monsoon session: Lok Sabha passes two tax bills amid din, without debate
These Bills, introduced by Finance Minister Nirmala Sitharaman, were passed without any debate amid vociferous protest by member of Opposition over revision of electoral rolls in Bihar
FM Sitharaman introduces modified Income Tax Bill in Lok Sabha
Introducing The Income-TaIntroducing The Income-Tax (No.2) Bill, 2025, Sitharaman said the bill seeks to consolidate and amend the law relating to income-tax and will replace the Income Tax Act, 1961
 "FM Sitharaman introduces modified Income Tax Bill in Lok Sabha")
India's tax reform needs more economic focus, less political manoeuvring
Over eight years later, GST has fallen short of expectations, prompting the government to appoint Home Minister Amit Shah to lead negotiations for its reform
 "India's tax reform needs more economic focus, less political manoeuvring")
No plan to restore OPS due to its 'unsustainable fiscal liability', says FM
Finance Minister Nirmala Sitharaman said the features of Unified Pension Scheme have been designed to ensure payment of assured payouts while also maintaining the fiscal sustainability of the fund
 "No plan to restore OPS due to its 'unsustainable fiscal liability', says FM")
Trump's 50% tariffs forcing Indian banks to scrutinise exporters' loans
Lenders are asking borrowers more pointed questions when vetting new export financing proposals or renewals of such funding
 "Trump's 50% tariffs forcing Indian banks to scrutinise exporters' loans")