Page 80 - Finance News
Banks seek overnight liquidity ops, easier reserve norms from RBI
RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs
 "Banks seek overnight liquidity ops, easier reserve norms from RBI")
Indian Rupee opens higher at 85.59/$ as US fiscal concerns weigh on dollar
Indian Rupee today: The domestic currency began the session 5 paise stronger at 85.59 against the dollar
 "Indian Rupee opens higher at 85.59/$ as US fiscal concerns weigh on dollar")
ARCs earning from SR redemption up 15.8% in FY25 on better recovery
ARCs see 15.8 per cent growth in SR redemptions to Rs 43,256 crore in FY25; SR issuance declines, total dues acquired rise to Rs 16.14 trillion
 "ARCs earning from SR redemption up 15.8% in FY25 on better recovery")
Indian Rupee ends flat at 85.64/$ as high oil prices offset weak dollar
Indian Rupee today: The domestic currency closed at 85.64, the same level it ended yesterday against the greenback
 "Indian Rupee ends flat at 85.64/$ as high oil prices offset weak dollar")
EPFO adds 1.45 million net members in March 2025, up 1.15% year-on-year
This growth in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programmes
 "EPFO adds 1.45 million net members in March 2025, up 1.15% year-on-year")
Indian Rupee opens flat at 85.65/$ as weak Dollar caps decline
Indian Rupee today: The domestic currency depreciated 1 paise to open at 85.65 after closing at 85.64 against the greenback on Tuesday
Expedite M&As that pose no competition threat: FM Sitharaman to CCI
Antitrust regulator must balance 'regulatory vigilance with a pro-growth mindset', says Nirmala Sitharaman
 "Expedite M&As that pose no competition threat: FM Sitharaman to CCI")
IndusInd Bank likely to flash red in Q4FY25 amid accounting lapses
Derivative portfolio losses and MFI income discrepancies may result in a Rs 200 crore Q4FY25 net loss and a structural hit to core margins, say analysts
 "IndusInd Bank likely to flash red in Q4FY25 amid accounting lapses")
Flipkart-backed super.money eyes neo-bank play in India's fintech race
With 175 million UPI transactions, super.money eyes top 5 neo-bank spot by expanding into credit, wealth and insurance while maintaining cashback-led engagement
 "Flipkart-backed super.money eyes neo-bank play in India's fintech race")
BLS E-Services to expand Business Correspondent network to 60,000 agents
Currently, BLS e-services, a subsidiary of BLS International, operates a network of over 44,800 active BCs serving more than 23,900 rural/semi-rural PIN codes and 17,600 urban locations
 "BLS E-Services to expand Business Correspondent network to 60,000 agents")
Indian Rupee ends 23 paise weaker at 85.63/$; dollar, crude trade weak
The domestic currency depreciated 23 paise to end at 85.63 after closing at 85.40 against the greenback on Monday
 "Indian Rupee ends 23 paise weaker at 85.63/$; dollar, crude trade weak")
Indian Rupee snaps two-day winning streak; opens 8 paise lower at 85.48/$
The domestic currency opened 8 paise lower at 85.48 after closing at 85.40 against the greenback on Monday
 "Indian Rupee snaps two-day winning streak; opens 8 paise lower at 85.48/$")
What role will central banks play when tokenised finance goes mainstream?
With apps like Robinhood easing investing, Millennials and Gen Z reject private banks offering unlisted unicorns to their wealthy parents but not to actual users of these startups' services
 "What role will central banks play when tokenised finance goes mainstream?")
Management buyouts have seen an uptick after Covid-19, shows data
Funding options, structural changes make increased traction likely
 "Management buyouts have seen an uptick after Covid-19, shows data")
Open market operations: The central bank's new communication policy
The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue
 "Open market operations: The central bank's new communication policy")
SC upholds use of input tax credit for mandatory GST appeal deposit
In the context of GST, a tax credit refers to input tax credit, or ITC, which means the credit of GST paid on purchases that a business can use to offset the GST liabilities on sales
 "SC upholds use of input tax credit for mandatory GST appeal deposit")
RBI proposes new norms for RE investments in AIFs, seeks public feedback
As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June
 "RBI proposes new norms for RE investments in AIFs, seeks public feedback")
India to tighten rules on firms with indirect foreign ownership: Report
The discussions are close to being finalised, the sources, both government officials said. They declined to be identified as the discussion was not public
 "India to tighten rules on firms with indirect foreign ownership: Report")
Indian Rupee ends higher at 85.40/$ as dollar slips after Moody's downgrade
The domestic currency ended 12 paise higher at 85.40 after closing at 85.52 against the greenback on Friday
 "Indian Rupee ends higher at 85.40/$ as dollar slips after Moody's downgrade")
Indian Rupee opens 8 paise higher at 85.44/$ as oil, dollar retreat
The domestic currency opened 8 paise higher at 85.44 after ending at 85.52 against the greenback on Friday
 "Indian Rupee opens 8 paise higher at 85.44/$ as oil, dollar retreat")