Page 68 - Finance News
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
 "Major companies to tap debt market to raise over ₹10K cr this week")
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
 "Evera Cabs secures $4 mn from Mufin Green Finance to speed up EV expansion")
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
 "PSL norm easing provides limited room for SFBs to make gains: CareEdge")
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'
 "Geopolitical tensions not to put much pressure on rupee, inflation: S&P")
Rupee sees best opening in over a month on Israel-Iran ceasefire
Indian Rupee today: The domestic currency rose 64 paise to open at 86.11 against the dollar, after closing at 86.75 on Monday
 "Rupee sees best opening in over a month on Israel-Iran ceasefire")
PSBs' loan growth to outpace private banks in FY26: Fitch Ratings
PSBs' loans grew by 12.4 per cent while private peers lagged with 7.5 per cent in FY25
 "PSBs' loan growth to outpace private banks in FY26: Fitch Ratings")
FM flags tax appeals backlog, tells CBDT to fast-track resolution
Sitharaman asks tax department to resolve 5.7 lakh pending appeals, improve grievance redressal and refunds, and adopt a more taxpayer-centric approach
 "FM flags tax appeals backlog, tells CBDT to fast-track resolution")
DFS Secretary urges fast-tracking of government data integration with ULI
ULI, seen as the UPI of credit, gets a push from the DFS and RBI, which have asked ministries and states to onboard datasets for seamless and inclusive credit delivery
 "DFS Secretary urges fast-tracking of government data integration with ULI")
Industry finds GST beneficial, seeks clarity and dispute reform: Survey
Goods and Services Tax (GST) was rolled out on July 1, 2017. GST subsumed about 17 local taxes and 13 cesses into a 5-tier structure, simplifying the tax regime
 "Industry finds GST beneficial, seeks clarity and dispute reform: Survey")
Retail credit growth slows in Q4 FY25 despite rate cut: CIBIL report
This and other factors pushed the Credit Market Indicator (CMI) to a two-year low of 97, according to TransUnion CIBIL's June 2025 Credit Market Report
 "Retail credit growth slows in Q4 FY25 despite rate cut: CIBIL report")
Impact of India's large rate cut may be limited, says rate panel member
The MPC delivered a larger-than-expected 50-bp rate cut in June to bolster economic growth as inflation remained below target
 "Impact of India's large rate cut may be limited, says rate panel member")
Rupee slips 16 paise as West Asia tensions flare up; ends at 86.74/$
Indian Rupee today: The domestic currency depreciated 16 paise to end at 86.74 against the dollar, after closing at 86.59 on Friday
 "Rupee slips 16 paise as West Asia tensions flare up; ends at 86.74/$")
Strong FY25 performance supports standalone credit profiles of banks: Fitch
The sector reported improved asset quality, stronger capital buffers and stable profitability despite the slowest sector loan growth in four years
 "Strong FY25 performance supports standalone credit profiles of banks: Fitch")
Limit on duration for state debt STRIPS may dent demand, say insurers
STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities by enabling distinct trading of these components
 "Limit on duration for state debt STRIPS may dent demand, say insurers")
Rupee weakens as US strike on Iran stokes tensions; opens at 86.77/$
Indian Rupee today: The domestic currency depreciated 18 paise to open at 86.77 against the dollar, after closing at 86.59 on Friday
 "Rupee weakens as US strike on Iran stokes tensions; opens at 86.77/$")
RBI deepens scrutiny of bank board meetings and governance practices
The central bank's message (through SSMs) is clear: Mere box-ticking will not suffice
 "RBI deepens scrutiny of bank board meetings and governance practices")
Central banks in Asia scale back currency intervention as dollar weakens
The greenback has plummeted against major currencies this year, suffering drops of around 10% against the euro and the Swiss franc
 "Central banks in Asia scale back currency intervention as dollar weakens")
Bengal may lose ₹25 cr GST as SBI shifts key unit from Kolkata to Mumbai
This proposed shift has drawn protests from civil society groups like Bank Bachao Desh Bachao Manch (Save Bank, Save Nation Platform), describing SBI's decision as arbitrary and opaque
 "Bengal may lose ₹25 cr GST as SBI shifts key unit from Kolkata to Mumbai")
Chanda Kochhar once proposed HDFC-ICICI merger, reveals Deepak Parekh
Before the HDFC-HDFC Bank merger, Chanda Kochhar had pitched an ICICI-HDFC merger, says Deepak Parekh in a rare public disclosure
 "Chanda Kochhar once proposed HDFC-ICICI merger, reveals Deepak Parekh")
Yes Bank extends CEO's tenure by 6 months: Move to help SMBC steer strategy
Kumar has led the bank since its reconstruction in March 2020. He was first appointed the bank's administrator and later made the MD & CEO
 "Yes Bank extends CEO's tenure by 6 months: Move to help SMBC steer strategy")