Page 65 - Finance News

Credit growth may remain subdued despite 100 bps policy repo rate cut

Banks await reduction in CRR, and festival season loan demand

Affordable housing dream of millions in India gets closer to reality

RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored

Finance lobby groups will need to make cultural shift as they become SROs

A related concern is what if other financial sector regulators were also to latch on to the SRO idea? How does coordination happen between them in the case of financial conglomerates?

To be inclusive, insurance will need a mix of tech and human touch

While digital channels drive accessibility and cost efficiency, physical touch points build confidence and cater to the underinsured segments

Govt aims to clear SVB backlog in two years with bulk entry processing

The revamped framework aims to reduce paperwork and resolve valuation issues without lengthy disputes

Finmin asks PSBs to monetise subsidiary stakes via listing on bourses

There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term

Centre extends CBDT chief Ravi Agrawal's tenure by 1 year till June 2026

Ravi Agrawal, a 1988-batch officer of the Indian Revenue Service, was initially appointed as CBDT Chairman

FM Nirmala Sitharaman nudges public sector banks to push credit growth

After slipping to 12% in FY25, loans growth has fallen below 10%

Call, TREPs rates rise post VRRR auction; rupee logs 2-year best gain

Overnight rates climbed after RBI's VRRR auction while the rupee gained 1.3 per cent during the week, marking its strongest performance since January 2023

RBI issues final guidelines on due diligence of AePS touchpoint operators

RBI's new AePS guidelines, effective January 2026, require acquiring banks to perform due diligence, monitor transactions, and update KYC of inactive operators

ICAI to limit individual tax audits by CAs to 60 annually from April 2026

ICAI President Charanjot Singh Nanda on Friday said the limit of 60 tax audits is already in place but a chartered accountant is also permitted to carry out the audits for partners also

States, UTs may borrow ₹2.87 trn via govt securities in Q2, says RBI

Bond market participants said that the borrowing amount for both state government securities and T-bills was tad lower than the expected

Post offices across India to start accepting digital payments from August

QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices

Income-tax Bill 2025: Digital data and the question of power and privacy

A Parliamentary Select Committee reviewing the Bill is expected to submit its report during the monsoon session

SBI likely to kick off debt fundraising by August via tier II bond issue

SBI has not tapped the bond market in the first half of 2025 and shelved a plan to issue infrastructure bonds in March due to elevated yields

Indian banks ready to lend, but tycoons show little appetite to borrow

Private sector expansion plans are at a three-year low, with bank exposure to key industries like roads, power and telecom down to 11% of their loan book, half the level seen a decade ago

Govt, UPI apps to lay real-time digital tripwire for every payment tap

Extra layers of scrutiny to guard the digitally unversed

Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman

The minister who was in GIFT City, Gandhinagar for a high-level review of the IFSC's progress, emphasised the need to make it competitive

ICICI Bank raises ₹1,000 cr via Tier-II bonds at 7.45% amid demand

The lender's first Tier-II bond issue in FY26 drew strong investor interest, allowing tight pricing despite rate volatility; bonds have 15-year maturity with 10-year call

MSME Credit top ₹40 trn; growth in active loans slowdown in FY25: CRIF

Credit to MSMEs grew 20% in FY25 to ₹40 trillion, driven by PSL norms, digitisation, and government support, even as active loan growth and term loan share moderated