Page 69 - Finance News

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

SBI cuts short-term retail deposit rates by 15 bps, effective July 15

The rate cut, the third such instance in the current financial year (FY26), comes in the backdrop of improved liquidity conditions and the policy rate cuts by the Reserve Bank of India (RBI)

RBI's 3-day VRRR sees weak demand amid GST outflows, reporting week

Market participants said that banks were reluctant to park higher amounts at the auction due to the fortnightly reporting period at the end of the current week

RBI Governor hints at allowing foreign banks to own 26% in Indian banks

Transmission is happening well: RBI Governor

Asset quality stress in MFI sector expected to persist in H1FY26: Icra

ICRA's July 2025 analysis on the Non-Banking Financial Company - Microfinance Institution (NBFC-MFI) said that the AUM of the sector declined 12 per cent in FY2025

Allcargo Terminals to raise ₹38.28 cr through convertible warrants issuance

"The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said

AI video platform Trupeer raises ₹25.8 crore from RTP Global, others

The funding round also saw participation from Salesforce Ventures and a consortium of over 20 CIO and CTO angel investors from Fortune 500 companies, Trupeer said

Citibank India expects a strong year for ECM business as IPOs pick up

Citibank has expanded its investment banking team in India from 28 to 38 over the past year and plans to continue adding bankers to meet the growing opportunity, country head said

PhonePe ropes in Meta's Shivnath Thukral as V-P for public policy

PhonePe has appointed ex-Meta India policy head Shivnath Thukral as vice-president for public policy, as the fintech firm gears up for its IPO

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger

Fraud crackdown: 40,000 taxpayers withdraw bogus claims of ₹1,045 crore

I-T dept said move came after a series of outreach efforts, including SMS alerts, emails, and physical programmes, were made across various locations, nudging taxpayers towards voluntary compliance

Rupee depreciates beyond 86 per dollar on foreign bank, corporate bids

The rupee settled at 85.99 per dollar, against the previous close of 85.78 per dollar. It has depreciated by 0.6 per cent in 2025-26 (FY26)

HDFC Bank CEO sees tailwind from lower CD ratio, strong deposit growth

CEO Sashidhar Jagdishan says merger synergies, reduced credit-deposit ratio and aggressive but prudent deposit growth put HDFC Bank on strong footing for FY26-27

Karnataka Bank appoints Raghavendra Bhat MD & CEO for three months

Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting

RBI to hold 3-day VRRR auction Tuesday to absorb ₹1 trillion liquidity

On Monday, the overnight weighted average call rate (WACR) settled at 5.31 per cent, against the previous day's close of 5.45 per cent

Safe-haven demand lifts gold to 3-week peak; silver nears 14-year high

Gold rose to a three-week high, boosted by safe-haven demand after US President Donald Trump threatened tariffs on the European Union and Mexico