Page 93 - Finance News

Indian Rupee sees worst start in nearly 2 months; Opens 41 paise lower

The domestic currency weakened 41 paise to open at 85.65 against the greenback after closing at 85.24 on Friday

RBI may infuse up to Rs 4 trillion to shield economy from global risks

SBM India estimates that up to Rs 2 trillion could be injected in the first half, adding to an unprecedented $80 billion already pumped in since January

PoS transformation in progress, but business model needs a rethink

The real-time confirmation builds efficiency and trust, keeping operations smooth and allowing the merchant to focus on business

Rupee may hold gains near 85.5/$ as greenback wobbles, shows BS poll

Experts peg rupee at 85.50 against dollar by June; RBI expected to boost dollar purchases

RBI's MPC meet starts on Monday amid expectations of a policy rate cut

Also, focus will be on liquidity-related measures to boost transmission of policy rates to bank lending and deposit rates

Govt's FY25 capital expenditure may surpass RE of Rs 10.18 trillion

To meet the RE would require a 44 per cent year-on-year (Y-o-Y) increase in capex

RBI monetary policy: Expect 25-bp rate cut, but no change in stance

As headline inflation moves closer to RBI's target, and growth momentum remains elusive, a rate cut may be on the cards

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

A few players, including private banks, who securitised higher volumes in Q2 & Q3, were less active in the final quarter of the financial year, analysts and bankers said

'RBI may again cut repo rate by 25 bps as inflation eases, growth slows'

In February, the RBI's Monetary Policy Committee, headed by Governor Sanjay Malhotra, slashed the repo rate by 25 basis points to 6.25 per cent

Repo rate may be eased by 75-100 bps with inflation staying benign

The US has proposed a 26 per cent reciprocal tariff on India, which will take effect from April 9

Rupee strengthens to 84.95 intraday as dollar index continues to slip

The market was surprised with the central bank's decision to stay away from the foreign exchange market as it was an opportunity to buy dollars

Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets

Credit grew faster than deposits

Banks park record Rs 4.13 trillion with RBI in standing deposit facility

This marked the highest amount banks have parked in the SDF since its introduction in April 2022

Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation

The India Fintech Foundation (IFF) has 100 members at present

Ujjivan SFB rises after total deposits climb 20% to Rs 37,617 cr in Q4

Credit-deposits ratio declined to 85.4% as of 31st March 2025 as compared with 94.7% as of 31st March 2024

Rupee ends 20 paise stronger; Dollar's comeback keeps currency above 85/$

The domestic currency strengthened 20 paise to close at 85.24 against the greenback after closing at 85.44 on Thursday

Paytm unveils silent 'Mahakumbh Soundbox' with screen for discreet payments

The new product, launched at Startup Mahakumbh event in Delhi, can be useful for vendors who prefer not to have payment details spoken out loud, especially for transactions involving big amounts

As Mudra turns 10, signs of beneficiaries moving into higher loan bracket

The share of Shishu accounts declined to 51.7% of the total in FY25 while Kishor accounts' share has increased to 44.7%, suggesting some Shishu account holders have grown and availed Kishor loans

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

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