Page 67 - Finance News

LRS remittances rise 8.6% in April 2025 on travel, investment boost

April 2025 outward remittances under the RBI's LRS rose 8.6 per cent YoY to $2.5 billion, but full-year outflows fell by 6.85 per cent amid global uncertainty and high base

Robust balance sheets key to boost monetary policy impact: RBI study

A reduction in policy rates can boost investment more if balance sheets are healthier, especially among small firms, finds RBI staff study in its June bulletin

RBI net short dollar position dips to $72.5 bn in April as rupee gains

RBI's net short dollar position in rupee forwards narrowed to $72.5 billion in April while REER rose for the first time in six months as the rupee appreciated

RBI extends trading hours of call money, repo, tri-party repo markets

Central bank extends interbank call money hours to 7 pm from July and repo, TREP market hours to 4 pm from August

Net FDI improves to $3.9 bn in April 2025 as repatriation slows: RBI

Net FDI rose to $3.9 billion in April 2025 on easing capital repatriation while gross FDI inflows touched $8.8 billion, with manufacturing and services leading

Share of public sector banks in CD issuances rises to 69% in 2024: RBI

Public sector banks accounted for 69 per cent of CD issuances by Dec 2024, up from 6 per cent in 2022, with Q4 FY25 issuance reaching an all-time high of Rs 3.7 trillion

FinMin may bring cheques, credit cards, higher overdrafts in PMJDY 2.0

The official said that the government believes that these upgrades will also help reduce the number of inoperative accounts

Centre may speed up stake dilution in GIC Re, New India Assurance

As of now, the government holds 85.44 per cent in New India Assurance and 82.4 per cent in GIC Re

Banks need to further improve their customer service: DFS secretary

The bank launched cash flow-based digital lending products designed specifically for MSME customers, strengthening its support for the country's small businesses

IndiaBonds raises ₹32.5 cr in first funding round to boost growth

The round was led by a curated group of marquee individual investors from the investment and technology sectors, many of whom bring deep experience and strategic insight in scaling financial

RBI extends interbank call money market timings by 2 hours from July 1

The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. IST

RBI's surplus fund withdrawal set to dampen money market sentiment

The Reserve Bank of India will conduct a seven-day variable rate reverse repo (VRRR), for Rs 1 trillion ($11.64 billion) on Friday, its first such operation since November-end

Low interest rate in India is coming at the cost of rupee exchange rate

There is high negative correlation between the India 10-year and US 10-year bond yield spread and rupee-dollar exchange rate

Credit card spends up 14.5% to ₹1.89 trn in May 2025; HDFC, SBI lead

Spends rose to Rs 1.89 trillion in May 2025 with 2.7 per cent M-o-M growth, supported by strong card issuances and led by HDFC Bank, SBI Cards and ICICI Bank

Rupee rises as oil dips, equities shaky on fragile Israel-Iran ceasefire

Near-term outlook positive for Indian currency as truce takes hold after violations

Govt cancels Pankaj Dwivedi's appointment as Union Bank executive director

In an unusual step, the Centre cancels Pankaj Dwivedi's appointment as Union Bank ED without citing a reason, following reports of a pending sexual harassment chargesheet

Major companies to tap debt market to raise over ₹10K cr this week

Amid geopolitical tension and RBI's hawkish outlook, major Indian companies including ICICI Bank and APMDC are issuing bonds to raise over ₹10,000 crore

Evera Cabs secures $4 mn from Mufin Green Finance to speed up EV expansion

Homegrown EV cab firm Evera secures funding from Mufin Green Finance to double airport reach, scale operations with BluSmart fleet acquisition and new growth targets

PSL norm easing provides limited room for SFBs to make gains: CareEdge

RBI cuts priority sector lending target for Small Finance Banks from 75 to 60 per cent starting FY26, easing compliance burden but offering limited short-term profit

Geopolitical tensions not to put much pressure on rupee, inflation: S&P

Rates of the benchmark Brent crude fell to around $69 a barrel after US President Donald Trump announced that Israel and Iran have agreed to a 'complete and total ceasefire'