Page 72 - Finance News

Adani Enterprises to raise ₹1,000 crore via NCDs; issue opens 9 July

Second public NCD issuance by Adani Enterprises offers tenors of 24 to 60 months, interest options across eight series, and listing on both BSE and NSE

Number of bank frauds increased threefold in FY25, but amount dipped

The number of frauds related to credit/debit cards and internet banking rose over five times in FY25

FX reserves reclaim $700 billion mark, just short of all-time high

India's forex reserves hit $702.7 bn in week ended June 27, nearing 2024 peak; driven by $5.9 bn RBI dollar purchases, partly offset by revaluation losses

HDFC Bank mops up ₹49K crore in Q1 FY26 deposits, outpaces peers

Loan growth of country's largest private sector lender lagged that of industry

Banking system liquidity surplus tops ₹4 trillion; strong VRRR demand

Liquidity jumps on government spending and surplus transfer; RBI gets ₹1.7 tn bids at 7-day VRRR, with cut-off at 5.47%; experts see preference for shorter operations

Ministerial group on GST discusses curbing ITC frauds, leakages by sector

The GoM also discussed state-specific policy suggestions for boosting revenue, and coordination between central and state tax administrations for plugging GST evasion

NBFC's micro loan stress increases in FY25, says RBI report

RBI's FSR shows NBFCs' stressed assets rose sharply as write-offs jumped and credit risks increased, especially in small-ticket personal loans below ₹50,000

India's fintech sector ranks 3rd globally in H1 2025 funding round: Tracxn

Bengaluru-led funding activity in India with overall startups raising $889 million, down 26% from H2 2024, shows Tracxn fintech report

Rupee bond rush set to ease as RBI signals limited scope for rate cuts

Aggressive liquidity infusions and a series of rate cuts this year, most recently a surprise 50 basis point cut to 5.5 per cent in June, pushed yields to the lowest in three years

Momentum funds may deliver high long-term returns for aggressive investors

With improving market conditions and clearer sector trends, experts say momentum-based index funds could suit investors willing to take short-term volatility

FinMin pushes PSBs to expand branches amid private sector competition

Amid rising competition from private and small finance banks, PSBs have been asked to scale up physical infrastructure and cover over 200 unbanked population clusters

Banking system liquidity hits 3-year high at $3.74 trillion: RBI data

Banking system liquidity rose to a net surplus of Rs 3.74 trillion, the highest since June 2022. The market is now awaiting action from the RBI to manage the surplus and ensure monetary transmission

Central Bank partnership to boost bancassurance: FGILI MD & CEO Alok Rungta

Alok Rungta, managing director and chief executive officer, FGILI, talks about the impact of the bancassurance channel and the company's growth strategies

RBI's prepayment penalty ban poses bigger hit for NBFCs, say experts

NBFCs have around 5-25 per cent of their AUM under floating rate micro, small, and medium enterprises (MSMEs) loans which will be impacted as majority of them charge 2-5 per cent prepayment penalties

UCO Bank's total business jumps 13% to Rs 5.24 trillion in Q1FY26

According to provisional figures disclosed to bourses, total advances stood at Rs 2.25 lakh crore, registering a 16.58 per cent year-on-year increase

Private credit deals gaining momentum in India, says Cerberus MD Ghosh

Cerberus, which has $65 billion under management globally, was among the anchor investors in Shapoorji Pallonji Group's $3.4 billion financing, the country's largest private credit deal to date

RBI bars prepayment penalty on floating rate micro, small business loans

From January 2026, banks and NBFCs cannot charge micro and small businesses for early repayment of floating rate loans as RBI moves to enhance financing access

More VRRRs likely as banking system liquidity surplus hits ₹3.31 trn

Despite RBI's VRRR auction, liquidity surplus rose to its highest in weeks, keeping overnight rates near the SDF rate and prompting expectations of further auctions

RBI bars lenders from charging pre-payment fees on MSE, individual loans

RBI bans pre-payment charges on floating-rate loans for individuals and MSEs from Jan 2026. The move aims at ensuring fair lending practices and improving access to affordable finance

Indian Bank cuts lending rate for one year maturity by 5 bps to 9%

Besides, the Chennai-based bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025