Page 68 - Finance News

Rate cuts by RBI not magic bullet to propel investments: Raghuram Rajan

Rajan further said interest rates, at this point, are not overly high and the impact of rate cuts announced by the RBI will take time to play out

Banks must boost cyber resilience amid rising threats: DFS Secretary

Speaking at a prize distribution ceremony of the 'Code Against Malware' hackathon at PNB headquarters here, Nagaruaju highlighted the growing importance of cybersecurity in the banking sector

EduFund secures $6 million in Series A round to expand beyond metro cities

EduFund has raised $6 mn in a Series A round. The funding will support its expansion into Tier-I and Tier-II cities, with new AI tools and expanded loan offerings

India's VC funding hits $3.5 bn led by fintech amid global slowdown: KPMG

Global venture capital (VC) investment declined to $101.05 billion across 7,356 deals in the second quarter of 2025, compared to Q1's $128.4 billion: KPMG's latest Venture Pulse report

Select Committee submits report on Income Tax Bill, 2025; seeks key edits

A panel of 31 Lok Sabha members, led by Baijayant Panda suggested over 30 changes to ensure clarity, fairness, and alignment with existing laws in the proposed Income Tax Bill, 2025

Govt changes timing of overnight rate release with effect from Aug 4

Financial Benchmark India will publish the daily Mumbai Interbank Offer Rate at 12:45 p.m. IST, instead of the current 10:45 a.m. IST

Firstsource signs pact to acquire UK-based Pastdue Credit Solutions

The acquisition is subject to UK Financial Conduct Authority approval, Firstsource said in an exchange filing

Private sector bank chiefs take home hefty compensation cheques in FY25

Public sector banks' chiefs trail far behind, with the chairman of SBI, India's largest lender, earning a fraction of what private sector banks' chief executives make

IFC announces equity investment of $20 million in Transvolt Mobility

IFC makes its first-ever equity investment in an EV platform, investing $20 million in Transvolt Mobility to help scale its electric fleet and create 8,200 jobs over the next five years

₹25K cr SBI QIP draws bids worth ₹1 trn; LIC, domestic MFs lead charge

LIC bids over Rs 5,000 crore in SBI's Rs 25,000 crore QIP, joined by major MFs and FPIs; fundraise to boost capital adequacy by 60 bps with 3.47% equity dilution

Rupee drops to three-week low as dollar strengthens, FPIs limit fall

The rupee fell past 86 per dollar to close at a three-week low amid dollar strength, but FPI inflows and exporter sales helped limit the extent of depreciation

SBI eyes ₹25,000 crore via record QIP, sets floor at 2.5% discount

The bank's board approved another ₹20,000 crore fund raise by issuing bonds

Corporate bonds gain favour as government securities' yields remain steady

Yield spreads widen as investors move to short-tenure corporate bonds; AA-rated issuers tap market amid low G-Sec supply and abundant banking system liquidity

NPCI adds 13 Indian banks to India-Singapore UPI-PayNow platform

NPCI International has added 13 more Indian banks to the India-Singapore UPI-PayNow platform, expanding the remittance network to 19 banks and enabling faster, secure cross-border fund transfers

Bank NIMs may shrink by 30 bps in FY26 on loan repricing: Fitch Ratings

According to the agency's estimates, the banking system level NIMs of Indian banks stood at 3 per cent in FY25

Cash makes a comeback in Bengaluru as vendors ditch UPI amid GST fears

Small vendors across Bengaluru are removing UPI options, citing GST notices, tax demands, and fears of harassment or eviction as reasons for switching back to cash-only transactions

Embassy Reit plans to tap debt market with ₹2,000 crore bond sale

The real estate investment trust will look to close the funding round before the end of this month

RBI's liquidity steps to aid 100 bps rate cut transmission in 2025: Fitch

Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins

JPMorgan profit beats analysts expectation; raises interest income forecast

The bank now expects about $95.5 billion of NII, or the difference between what it earns on loans and pays out on deposits, compared with an earlier estimate of nearly $94.5 billion

RBI monetary policy: August rate cut hopes get a fillip, says BS poll

Economists pencil in 25 bps reduction in the repo rate by December