Page 7 - Finance News

FCNR (B) swaps: Weekly bank slots delay RBI's dollar receipts

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR

FCNR(B) flows pour into 5-year G-secs under RBI's concessional swap window

Foreign lenders with relatively small loan books emerge most active buyers; bond yields soften

RBI officers seek HR policy review, time-bound promotions up to Grade E

Staff body seeks five-year qualifying service for financial upgradation across grades up to Grade E and calls for a more inclusive work environment for women officers

Govt collects ₹10,040 crore duty on gold imports in 2.5 months after hike

The effective customs duty on gold, silver and precious metals was raised from May 13, with gold imports yielding Rs 100.4 billion in duty through August 2

Rupee falls 11 paise to close at 95.28/$ on firm crude oil prices

Lack of any breakthrough in talks in West Asia put further pressure on the local unit, while FII inflows provided some support, forex traders said

Explained: What is NCDC (Amendment) Bill 2026 & what it proposes to change?

The Centre has proposed changes to the law governing NCDC, seeking to give the institution greater flexibility in supporting co-operative development

Govt mops up ₹45,306 cr from disinvestment, asset monetisation in FY26

The government had pegged Miscellaneous Capital Receipts, which includes PSU disinvestment and public asset monetisation, at ₹33,837 crore in the Revised Estimates

IT rules for online lower, nil TDS certificates to be notified soon: Govt

A taxpayer typically applies for a lower or nil TDS certificate when their actual tax liability is expected to be lower than the amount of TDS that would otherwise be deducted

NPCI targets Indian diaspora to drive UPI growth across overseas markets

NPCI plans to use the country's vast diaspora to drive global expansion, while also exploring AI-enabled payments through platforms like ChatGPT and Gemini

How India's PSU stake-sale journey has evolved: Explained in 5 charts

The latest LIC stake sale marks another milestone in the government's disinvestment drive. Here's what the data reveals about PSU stake sales, disinvestment receipts and major listings

Dropping this Oct: Apple Pay services set for India launch, no UPI yet

Apple Pay is set to launch in India by October, initially supporting Visa and Mastercard credit cards but not UPI, as Apple negotiates transaction fees with banks

Centre to push for NCDC power expansion through cooperative law amendment

The proposed NCDC law amendment seeks to widen financing channels for the cooperative sector and reduce procedural delays in accessing loans, grants and other financial assistance

Deterrence beyond a slap on the wrist: Reimagining financial penalties

Fines on Indian financial institutions are a pittance. The enforcement regime must be reimagined, reports Raghu Mohan

Govt clarifies UPI to remain free; MDR may apply to large merchants later

The Ministry of Finance said UPI users will continue to pay no transaction charges, while a possible MDR could apply only to select merchant transactions above a threshold.

RBI's draft revolving credit curbs may dent NBFCs' flexi-credit biz

The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts

Sustained investment needed to run UPI reliably: Payments Council of India

The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

RBI aims to absorb ₹2 trillion through seven-day VRRR auction on Monday

Banking-system liquidity was in a surplus of Rs 3.61 trillion on Thursday, while the weighted average call rate settled at 5.09 per cent, central bank data showed

AI safety must keep pace with adoption in financial sector: CEA Nageswaran

The Chief Economic Adviser said AI can improve credit assessment and risk detection in fintech, but firms must prioritise safety and security as adoption accelerates

RBI eases bank PSL calculation for loans backed by non-resident deposits

Advances backed by eligible fresh FCNR(B) and NRE deposits mobilised during specified periods will be excluded from adjusted net bank credit used to determine PSL targets

RBI proposes new derivative-risk capital framework effective April 2027

The draft requires commercial banks to adopt the basic approach for credit valuation adjustment while offering simpler treatment to those with smaller derivatives books