Page 89 - Finance News

Indian Rupee gains for third session; Opens 16 paise stronger at 85.61/$

The domestic currency strengthened 16 paise to end at 85.61 against the greenback after closing at 85.77 on Tuesday

ICICI Bank slashes savings account deposit interest rate by 0.25%

The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings

Ajay Narayan Jha steps down from Finance Commission with 6 months to go

The former finance secretary was appointed secretary, expenditure, in the Ministry of Finance in October 2017 and remained in office until February 2019

Rupee breaches 86 per dollar level on US President Trump's tariff relief

The dollar index was trading a tad lower at 99.70, against the previous close of 99.75

Festive lending slowed in Q3 amid strict norms, tight liquidity: Report

Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24

ED leads finance ministry pack, but conviction rates offer cold comfort

The finance ministry houses a dozen or so investigative agencies but the large pendency of cases in various courts and tribunals raises questions about where their efforts are headed

Indian Rupee extend gains to close at 85.77/$; Ends 28 paise higher

The domestic currency strengthened 28 paise to end at 85.77 against the greenback after closing at 86.05 on Tuesday

RBI's liquidity infusion plan pushes govt bonds to over 3-year highs

Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday

India moves to deepen junk debt market by allowing bad loan securitisation

Reserve Bank of India (RBI) said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track

Indian Rupee opens at 85.87/$; Gains 17 paise on hopes of tariff relief

The domestic currency strengthened 17 paise to open at 85.87 against the greenback after closing at 86.05 on Friday

India planning to bring 300 million new users onto UPI payments platform

The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones

Taxing times: I-T department tightens scrutiny of FPIs based in Mauritius

Over half a dozen receive demand letters from dept

PSBs red flag technical glitches in implementing PM Vidyalaxmi scheme

Among the key issues highlighted are persistent technical glitches, including repeated login failures due to server-level errors and frequent auto logouts from the portal

Bank of Maharashtra cuts repo-linked lending rate by 25 bps to 8.80%

The reduced rates will make loans more affordable and enhance the financial well-being of its customers

UPI outages lasted 282 minutes across two incidents in 2022, 2025

The longest outage, lasting 187 minutes, was in January 2022

OIS rates fall significantly on expectations of deeper rate cuts by RBI

Market participants said that the fall in overnight rates further weighed on OIS rates

Banks seek power to freeze accounts in case of illicit transactions

"In light of this, we may propose this as a suggestion for further consideration by the RBI," a working group constituted by the Indian Banks' Association said in a report

IOB reduces repo-linked lending rate by 25 basis points following MPC cut

The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27 per cent tariffs on Indian imports to the US by President Donald Trump

UPI down again: Google Pay, Paytm, PhonePe hit amid widespread disruption

Users reported failed payments and problems with fund transfers as the most common issues

Will money in hand from tax breaks in FY26 make its way to realty buys?

Realty majors hopeful of mid-level housing revival; But experts say education, savings may take priority