Page 90 - Finance News
RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.
 "RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra")
Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend
Indian Rupee today: The domestic currency began the session 3 paise higher at 85.97 on Friday, after closing at over a month's low on Thursday
 "Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend")
RBI sells $34.5 bn in FY25, highest since global financial crisis
RBI sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government
 "RBI sells $34.5 bn in FY25, highest since global financial crisis")
NPCI steps up UPI vigil to prevent future disruptions in core network
Outlines operational guidelines for 10 APIs linked to UPI
 "NPCI steps up UPI vigil to prevent future disruptions in core network")
Govt to have a say in new payments regulatory board with a significant role
RBI governor, as chair of the board, will have casting vote
 "Govt to have a say in new payments regulatory board with a significant role")
Notes in circulation rose to Rs 34.8 trn in 2024: RBI's monthly bulletin
CAGR of notes in circulation in value terms higher than volume terms last year
 "Notes in circulation rose to Rs 34.8 trn in 2024: RBI's monthly bulletin")
RBI moots special shares for UCBs as new source to raise capital
Special Share Certificates to be issued at book value without voting or membership rights; RBI says SSCs will be classified under Tier I capital for large UCBs
 "RBI moots special shares for UCBs as new source to raise capital")
Indian Rupee slips past 86 mark to close at over one-month low
Indian Rupee today: The domestic currency closed 37 paise lower at 86.01 on Thursday, marking its weakest level since April 11 this year
 "Indian Rupee slips past 86 mark to close at over one-month low")
NiC rises to Rs 34.8 tn but growth slows with shift to higher notes
Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.8 trillion in 2024, with increased ATM access and digital adoption impacting demand
Inflows in NRI deposits increases nearly 10% in FY25, shows RBI data
Outstanding deposits up $12.8 bn in year to $ 164.7 bn
 "Inflows in NRI deposits increases nearly 10% in FY25, shows RBI data")
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")