Page 70 - Finance News

India reaches 15th spot in top FDI destinations in 2024: UNCTAD report

India moved up to 15th in global FDI rankings as flows stayed at $28 billion in 2023 despite a global drop and led Asia in capital expenditures for new projects

Reserve Bank of India eases provisioning rules for infrastructure loans

The Reserve Bank of India proposed in May last year that lenders should set aside 5% of the loan value for an infrastructure project being built to cover risks

Rupee extends slump to 3-month low on Iran-Israel tensions; ends at 86.74/$

Indian Rupee today: The domestic currency depreciated 27 paise to close at 86.74 against the dollar, the lowest level since March 17 this year

RBI's new rule on gold-backed loan will lead to biz model adjustment: S&P

Earlier this month, the RBI raised the loan-to-value (LTV) ratio for lending against gold to 85 per cent for borrowings under ₹2.5 lakh from the present 75 per cent

Rupee weakens for third day on Iran-Israel conflict; opens lower at 86.53/$

Indian Rupee today: The domestic currency depreciated 6 paise to open at 86.53 against the dollar, the lowest level since April 9 this year

Nirmala Sitharaman ask fintechs to find solutions to prevent cyberfrauds

Lauding the success of fintechs, the Finance Minister said they have helped in speeding up financial inclusion, and taking the payment system to even the far-flung areas of the country

Sitharaman says India's finance future is 'phygital', driven by UPI

At the Digital Payments Awards, Sitharaman lauds UPI's global success, urges fintech to tackle cybersecurity and deepfakes, and credits RBI's enabling regulation

ESAF Bank to sell ₹735 cr in NPAs, write-offs amid MFI sector stress

ESAF Small Finance Bank approves sale of ₹735 crore in stressed loans to ARCs, with over 90% provisioned; microfinance delinquencies continue to weigh on sector

Banks' supervisory data quality index improved in March 2025, says RBI

RBI reports sDQI for scheduled commercial banks improved to 89.3 in March 2025; small finance banks scored above 90, reflecting higher data accuracy and compliance

China pitches digital yuan to challenge dollar-led global currency system

To curb overreliance on a single currency, China is pushing for a multi-polar currency system with the digital renminbi at its centre

Rupee remains under pressure amid West Asia jitters; ends lower at 86.47/$

Indian Rupee today: The domestic currency depreciated 23 paise to end at 86.47 against the dollar, according to Bloomberg

Standard Chartered faces RBI scrutiny over lapses in derivatives sales

The banking regulator has also flagged issues relating to Standard Chartered's maintenance of reserves and the accounting treatment of forward rate agreement trades in previous financial years

Supervisory Data Quality Index of commercial banks improves in March: RBI

The index will help the regulator to assess the financial health of commercial banks, including small finance banks

Rupee extends slide on West Asia tensions; opens lower at 86.37/$

Indian Rupee today: The domestic currency depreciated 13 paise to end at 86.37 against the dollar, the lowest level since April 9 this year

Fintech industry seeks UPI merchant discount rate levy on large sellers

MDR refers to a fee that merchants pay banks or companies processing payments for executing a transaction

RBI Governor's remarks soothe bond market; rupee hits 2-month low

Yields dip after RBI eases rate concerns; rupee weakens on Middle East tension, crude oil rally, and tariff fears as dollar demand from oil importers weighs

IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report

Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and investor confidence

Rupee slides to two-month low on West Asia jitters; ends lower at 86.24/$

Indian Rupee today: The domestic currency depreciated 18 paise to end at 86.24 against the dollar, the lowest level since April 9 this year

73% ATMs now dispense ₹100, ₹200 notes ahead of RBI's Sept 30 deadline

RBI directed banks in April 2025 to ensure 75 per cent of ATMs dispense ₹100 or ₹200 notes from at least one cassette by the September 30 deadline to improve access to small denominations

Rupee gains slightly on softer crude oil prices; opens higher at 86.01/$

Indian Rupee today: The domestic currency rose 5 paise to open at 86.01 against the dollar, after closing at 86.06 on Monday