Page 93 - Finance News

Indian Rupee opens 71 paise stronger at 84.67/$ as border tensions ease

The domestic currency opened 71 paise higher at 84.67 after ending at 85.38 against the greenback on Friday

State-run banks cautious; target modest 11-13% credit growth in FY26

Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages

Govt bonds, rupee seen gaining as India-Pakistan border tensions ease

Bond yields may ease 3-4 bps while rupee likely to stabilise near 85 mark as ceasefire and RBI's support measures improve sentiment in bond and currency markets

Income Tax dept notifies all 7 ITR forms for assessment year 2025-26

One important change has been introduced in ITR-1 and 4, which was notified on April 29, relating to the reporting of capital gain income from listed equities

PhonePe records slight drop in UPI market share as April volumes fall

PhonePe's UPI market share slipped to 46.73 per cent in April amid a 2.22 per cent dip in total transactions on the real-time payments network

Indo-Pakistan tensions: Banks saw demand for cash surge near borders

As branches shut in the wake of shelling and security concerns post Operation Sindoor, banks are focusing on refilling ATMs to meet the surging demand for cash

Indo-Pak tensions: PSBs fortified ops in sensitive areas along border

Banks such as Punjab & Sind Bank, Canara Bank, Union Bank of India, and Punjab National Bank have asked their circle heads to stay in their zonal offices

Legacy issues behind us, PNB is charting a new growth path: Ashok Chandra

The bank has reported a 14 per cent rise in total business at Rs 26.83 trillion in FY25, one of the highest in the banking system

IBC has shifted balance of power in favour of creditors, investors: IBBI ED

Insolvency and Bankruptcy Board of India Executive Director Jithesh John observed that there was a noticeable improvement in credit discipline with 30,310 cases settled prior to admission

Over 30K IBC cases settled pre-admission covering ₹13.78 trillion: Ibbi

Citing a study by IIM Ahmedabad, John said creditors in resolved cases realised 32 per cent of admitted claims and 168 per cent of liquidation value

BS Poll: RBI FY25 surplus transfer likely to be higher than previous fiscal

RBI may transfer a higher surplus in FY25 as gains from dollar sales and interest earnings strengthen its financials, exceeding last year's ₹2.1 trillion payout

RBI mandates reporting of digital lending apps via CIMS portal from May 13

RBI directs regulated entities to upload digital lending app data on the CIMS portal by June 15 to enhance transparency and streamline digital lending regulations

Rupee regains its ground against dollar snapping three day losing streak

The rupee recovered 34 paise against the dollar as RBI stepped in via state-run banks while bond yields eased after strong OMO auction demand calmed sentiment

Indian Rupee reverses early losses; snaps three-day fall to end at 85.38/$

The domestic currency closed 34 paise higher at 85.38 after ending at 84.72 against the greenback on Thursday

India Rupee extends fall as border tensions rise; opens lower at 85.84/$

The domestic currency opened 12 paise lower at 85.84 after ending at 84.72 against the greenback on Thursday, according to Bloomberg data

India-Pak face-off: Rupee logs worst day in over 2 yrs, erases 2025 gains

The rupee fell 1.03 per cent, bond yields rose 6 bps and equities declined as India retaliated to missile attacks by targeting Pakistani air defence systems

Porter raises $200 mn in Series F round led by Kedaara and Wellington

Porter has raised $200 million in a Series F round led by Kedaara and Wellington to scale operations, deepen impact on MSMEs, and build a green logistics network

RBI removes short-term investment limits for FPIs in corporate debt

The RBI has removed short-term and concentration limits on FPI investments in corporate debt to ease access and deepen market participation

DFS tells public sector banks to speed up CIRP filings, cut delays at NCLT

The Department of Financial Services has urged public sector banks to reduce procedural delays in insolvency filings and improve resolution timelines under the IBC

A, BBB-rated NBFCs face sharper slowdown amid asset quality stress

Lower-rated NBFCs face increased credit cost, lagged funding relief and rising losses in unsecured segments as overall loan growth slows down, says India Ratings