Page 81 - Finance News

Union Bank, Canara Bank, IOB cut lending rates by 50 bps after RBI move

Following a 50 bps policy rate cut by RBI, Union Bank revises its external benchmark lending rate, easing loan costs for retail and MSME borrowers

Share of small-ticket gold loans to rise as RBI eases the LTV norms

Repo rate cut, liquidity infusing to aid NBFCs performance

Indian Oil withdraws 5-year bond issuance on higher-than-expected yield

Indian Oil Corporation withdraws Rs 3,000 crore bond offer as yield crosses expected levels, despite strong demand and competitive pricing post-policy announcement

Microfinance credit quality dips in FY25; NPAs rise to ₹55,000 crore

Microfinance sector sees worsening credit metrics in FY25 with PAR 31-180 and NPAs rising sharply amid disbursal decline and external disruptions, says MFIN

Microfinance loan disbursal falls 25% to ₹1.12 trillion in FY25

MFIs loan disbursement in FY25 was 25.4 per cent lower than the amount disbursed in 2023-24

Rupee gains for fifth straight session; ends 11 paise higher at 85.51/$

Indian Rupee today: The domestic currency appreciated 11 paise to end at 85.51 against the dollar, after closing at 85.62 on Tuesday

RBI to use cash reserve ratio for liquidity, policy transmission: Report

The person aware of the Reserve Bank of India's thinking declined to be identified because they are not authorised to speak to the media. The RBI did not reply to an email seeking comment

Rupee advanced as US-China trade tensions ease; opens higher at 85.53/$

Indian Rupee today: The domestic currency appreciated 9 paise to open at 85.53 against the dollar, after closing at 85.62 on Tuesday

What is Jane Street and why is Sebi probing the trading giant in India?

Jane Street is facing Sebi scrutiny in India and a lawsuit in the US after raking in billions through algorithmic trading strategies in equity derivatives markets

Change of stance to neutral doesn't mean pause on rate cut: Economists

The MPC, last week, cut the policy repo rate by 50 basis points (bps) to 5.5 per cent, surprising markets, which had largely priced in a more modest reduction of 25 bps

Zero-coupon bonds struggle to retain investor demand amid mkt trend shifts

Monetary-policy easing, an abundant liquidity infusion, and a cut in the cash reserve ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on bond yields

Rupee ends flat for second straight session as US-China trade talks linger

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the dollar, after closing at 85.63 on Monday

PSBs outpace private banks in loan growth for first time in 14 years

Public sector banks saw 13.1 per cent loan growth in the financial year 2024-25, beating private banks' 9 per cent for the first time since 2011

Rupee edges higher with US-China trade talks in focus; opens at 85.62/$

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the greenback, after closing at 85.63 on Monday

RBI considers fresh guidelines to curb mis-selling: Deputy governor Rao

RBI Deputy Governor M Rajeshwar Rao flags unethical recovery practices and high interest rates in microfinance, says guidelines to address mis-selling may be considered

New business premium of life insurers in May grows around 13%, shows data

Individual business grew 3.35 per cent Y-o-Y to Rs 10,611 crore, while group business expanded by 18.4 per cent Y-o-Y to Rs 19,851.8 crore

SPMCIL delivers 3.4 metric tonnes of refined gold to RBI in FY25: FM

Sitharaman added that SPMCIL also refines silver and gold received from institutions such as the Tirumala Tirupati Devasthanams and the Vaishno Devi Shrine Board

NHAI to consider public InvIT to widen investor base, include retail buyers

NHAI aims to launch a public infrastructure investment trust to allow retail investors access to highway assets and expand the overall investor base for asset monetisation

RBI to end daily VRR auctions from June 11 as liquidity improves

With net banking system liquidity in a surplus and muted demand from lenders, RBI discontinues daily Variable Rate Repo auctions introduced in January

RBI's revised QA norms to boost compliance, broaden microfinance reach

Industry body says lowering QA threshold for NBFC-MFIs to 60% will improve compliance, enable diversification, and support long-term sector sustainability