Page 63 - Finance News

RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech

RBI Governor Sanjay Malhotra said a favourable monsoon, along with the supportive policy of the government and the central bank, augurs well for the economy

RBI holds repo rate, says uncertainty of US tariffs 'still evolving'

Policy-setting committee continues with neutral stance as governor says Indian economy holds bright prospects

RBI removes prior approval requirement for opening vostro accounts

RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade

Cleanup, derisking key challenges before new IndusInd MD & CEO Rajiv Anand

Consolidation of balance sheet likely to top Rajiv Anand's agenda at the bank

Paytm waits on mkt cap rule to ramp up UPI: MD & CEO Vijay Shekhar Sharma

Paytm CEO says the firm will deepen its UPI push once market share caps are imposed in 2026; aims to grow merchant services, go AI-first, and expand globally

Wine, music and jets draw scrutiny of asset-backed private credit managers

Investors are becoming more discerning after a period of rapid growth in the sector, fueled by demand from insurance companies for investment-grade rated strategies

Big NBFCs raise billions as credit boom brews, RBI watches with interest

Flush with parent backing and top credit ratings, India's largest NBFCs are raising record sums without chasing bank licences, as they prepare for a fresh wave of private sector credit demand

GameRamp raises $5.4 mn pre-seed round to scale AI and launch tools

San Francisco-based GameRamp raises $5.4 million to expand AI and engineering teams in India and the US, and launch AI monetisation and embedded financing tools

Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS

Of the total indirect tax arrears, over ₹2.66 trillion pertain to those where pending taxes in individual cases is above ₹10 crore as of June 2025

RBI MPC meet: Rate cut unlikely in August; growth, inflation rate in focus

RBI MPC: The odds of another cut in the August meeting are rising after the US imposed a 25 per cent tariff on Indian exports

RBI MPC Meet August 2025: When and where to watch the rate decision live

The MPC meeting is held bi-monthly to decide the interest rates, inflation, and growth estimates

Bank credit raised by India Inc drops to 22% in Q1FY26, shows data

Corporates increasingly turn to debt capital markets as bank credit share in fundraising hits multi-year low, signalling shift in funding dynamics

GST evasion of ₹7.08 trn detected in 5 yrs, includes ITC fraud of ₹1.79 trn

In the 2023-24 fiscal, ₹2.30 trillion worth GST evasion was detected by CGST field officers, involving ITC fraud of ₹36,374 crore

Parl panel urges FinMin to expedite full enforcement of GSTAT benches

In May last year, the government had appointed Justice (Retd) Sanjaya Kumar Mishra as the first President of the GST Appellate Tribunal (GSTAT)

Parl panel suggests regional fintech clusters on lines of GIFT City

The finance ministry stated that the reason for this strategy is that the mainland activities are not affected by the offshore activities

NCAER suggests ₹14K cr annual green grant for states to meet RE target

To meet the 500GW renewable energy target by 2030, NCAER suggests providing Rs 14,000 crore in green grants annually to states, with significant allocations to Jharkhand, Maharashtra, and others

Banking system liquidity surplus reaches ₹4.09 trillion amid govt spending

The surplus liquidity has kept the overnight weighted average call rate below the repo rate of 5.50%, and overnight tri-party repo rate below the standing deposit facility (SDF) rate of 5.25%

Banks complete re-KYC of over 1.42 mn accounts in first month of campaign

In the first month of the nationwide re-KYC campaign, over 1.42 million bank accounts were re-verified, and thousands of new enrollments were made under various government schemes

PNB Housing Finance to consider external, internal candidates for MD & CEO

PNB Housing Finance explores internal and external candidates for MD&CEO following Girish Kousgi's resignation. Jatul Anand, newly appointed Executive Director, is in the running for the role

Govt pushes financial inclusion as banks open 559 mn Jan Dhan accounts

As of date, over 55.90 crore accounts have been opened under the PMJDY, Minister of State for Finance Pankaj Chaudhary said in a written reply