Page 90 - Finance News
Broad-based transmission of policy rates still some way off, say experts
RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week
 "Broad-based transmission of policy rates still some way off, say experts")
Banks propose RBI switch to overnight liquidity management, new benchmark
The 14-day variable rate repo, or reverse repo, has been the RBI's main cash management tool since a change in 2020 that was intended to reduce lenders' reliance on the central bank
 "Banks propose RBI switch to overnight liquidity management, new benchmark")
Indian Rupee slips below 85/$; Gains 38 paise at open as dollar, oil slides
The domestic currency strengthened 38 paise to open at 85.06 against the greenback after closing at 85.44 on Thursday
 "Indian Rupee slips below 85/$; Gains 38 paise at open as dollar, oil slides")
India subprime loans on edge of crisis with distress among 68% borrowers
The $45 billion industry will probably muddle through its latest difficulties, though analysts want the central bank to come up with more robust supervision
 "India subprime loans on edge of crisis with distress among 68% borrowers")
Razorpay POS sees surge in offline payments across merchant network
The company recorded growth across categories such as apparel, bookstores, cafes and restaurants, and jewellery, among others, between April 2024 and March 2025
 "Razorpay POS sees surge in offline payments across merchant network")
Banks pitch SORR as overnight benchmark ahead of RBI policy meeting
The central bank has been conducting a series of interactions with banks, seeking feedback to tide over the liquidity crunch in the banking system and improve monetary transmission
 "Banks pitch SORR as overnight benchmark ahead of RBI policy meeting")
Rupee inches up as dollar index moderates on US economic growth concerns
The dollar index, which measures the strength of the greenback against a basket of six major currencies, dropped below the 102 mark on Thursday
 "Rupee inches up as dollar index moderates on US economic growth concerns")
Finance ministry asks banks to work on deposit mobilisation strategies
The meeting was chaired by the Department of Financial Services (DFS) Secretary M Nagaraju with the PSB chiefs and select private sector banks
 "Finance ministry asks banks to work on deposit mobilisation strategies")
RBI maintains FPI investment caps in govt securities, corp bonds for FY26
The Reserve Bank of India (RBI) maintained the existing caps of 6 per cent for government securities, 2 per cent for state government securities and 15 per cent for corporate bonds
 "RBI maintains FPI investment caps in govt securities, corp bonds for FY26")
Piramal Finance raises Rs 2,300 crore via external commercial borrowing
The facility carries a tenor of three years and is fully hedged, ensuring mitigation of foreign exchange and interest rate risks, the press release added
 "Piramal Finance raises Rs 2,300 crore via external commercial borrowing")
UPS may be replicated to other stakeholders of NPS: Finance Secretary
The government has recently introduced the UPS under NPS for central government employees. The scheme is effective from April 1
 "UPS may be replicated to other stakeholders of NPS: Finance Secretary")
EPFO eases withdrawal process, no need for bank account verification
The move is expected to fast-track claim settlement process for nearly 80 million members and ensure ease of doing business for employers
 "EPFO eases withdrawal process, no need for bank account verification")
Indian Rupee ends 7 paise stronger; US tariffs spark dollar, oil selloff
The domestic currency strengthened 7 paise to end at 85.44 against the greenback after closing at 85.51 on Wednesday
 "Indian Rupee ends 7 paise stronger; US tariffs spark dollar, oil selloff")
Indian Rupee opens at 85.73/$; Slips 22 paise amid tariff concerns
The Trump administration slapped a 26 per cent tariff on imports from India
 "Indian Rupee opens at 85.73/$; Slips 22 paise amid tariff concerns")
Run up to MPC review: RBI actively focusing on policy rate transmission
Amid fiscal consolidation, heavy lifting by central bank to support economy
 "Run up to MPC review: RBI actively focusing on policy rate transmission")
Small transactions drive 7.8% drop in UPI payments' average ticket size
The ticket size for peer-to-peer UPI payments was recorded at Rs 2,666 in H2 2024
 "Small transactions drive 7.8% drop in UPI payments' average ticket size")
RBI's Rs 80,000 cr OMO push drags 10-year government bond yield under 6.5%
State-owned banks rushed to replenish their held-to-maturity (HTM) portfolios ahead of the auctions, further driving yields lower, according to dealers
 "RBI's Rs 80,000 cr OMO push drags 10-year government bond yield under 6.5%")
Poonam Gupta: Deputy RBI governor's focus could be liquidity conundrum
Her appointment comes less than a week before a meeting of the monetary policy committee
 "Poonam Gupta: Deputy RBI governor's focus could be liquidity conundrum")
Indian start-ups raised $1.23 bn venture debt in 2024: Stride Ventures
The global venture debt market has been growing at a CAGR of 14 per cent
 "Indian start-ups raised $1.23 bn venture debt in 2024: Stride Ventures")
Indian cos raise Rs 58,000 cr in FY25 from overseas capital market
Lower hedging cost, demand for high-yield paper, need to diversify borrowing sources drove the fund raise
 "Indian cos raise Rs 58,000 cr in FY25 from overseas capital market")