Page 95 - Finance News

UPI QR codes fastest-growing payment infrastructure in FY25, shows data

In FY25, the number of UPI QR codes saw 91.5 per cent year-on-year (Y-o-Y) growth to 657.9 million, while growth in credit card slowed down to 7.94 per cent Y-o-Y

FM Sitharaman meets ADB chief, Italian FM, discusses economic issues

Sitharaman is in Milan to attend the 58th annual meeting of the Asian Development Bank (ADB)

India sees maiden RMBS listing; NHB expects cos to raise Rs 10K cr in FY26

The National Housing Bank-promoted RDCL listed the first-ever set of securities of Rs 1,000 crore maturing in 20 years with a coupon of 7.26 per cent payable monthly, on the NSE

Proptech startup Alt DRX raises $2.7 million from investors to expand biz

In a statement on Monday, the company said it has "closed its Pre-Series A funding round, raising Rs 23 crore ($2.7 million)"

Why competition in money matters can be damaging to your financial journey

Unnecessary competitiveness shifts our focus from our own destination to imagined races. It turns a fulfilling long-term journey into a relentless sprint that leaves us tired and anxious

Banks remain cautious in lending to NBFCs despite risk weight reversal

Despite RBI's decision to revert risk weights on NBFC loans from April 1, banks continue to exercise caution, limiting credit access to mid-sized NBFCs and MFIs

Co-lending 2.0 gains ground, but earlier avatar continues to cast a shadow

The reality is that co-lending did not take off because banks and NBFCs had to dance around issues after blowouts in shadow banking, and iron out the finer aspects of the model

Will ensure RoA over 1% in FY26 despite margin pressure: SBI Chairman

RoA is a profitability ratio that shows how much profit a company would generate from its assets

Monitor top advance tax payers, check fake claims: CBDT to I-T dept

The Union government has set a target of Rs 25.20 trillion for the I-T department under the direct taxes head for the current fiscal

Sebi working to set up centralised KYC system: Tuhin Kanta Pandey

He added that the finance secretary is chairing the committee responsible for this initiative, and efforts are underway to expedite the process

RBI releases report on market timings; suggests extending call hours

RBI working group recommends extending call money hours to 7 PM and synchronising repo markets, while retaining current timings for G-secs and forex markets

Rupee hits 7-month peak against US dollar, slips on RBI intervention

The rupee briefly appreciated to 83.76 per dollar, its strongest level in seven months, before retreating as RBI stepped in to buy $3 billion and boost forex reserves

NITI bats for MSME Credit Guarantee Fund overhaul, AI, skilling support

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Centre in the year 2000 to provide collateral-free credit to the sector

Set up grievance redress system for registration cases: CBIC to CGST staff

The applicants may send grievances containing ARN details, jurisdiction details (centre/state) and issue in brief on that email address

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Poonam Gupta will oversee Monetary Policy, Research and Financial Stability departments at RBI and joins MPC as India debates targeting core versus headline inflation

New ITR-3 Form: Relief for professionals as asset limit raised to ₹1 crore

CBDT doubles asset reporting limit to ₹1 crore under revised ITR-3 for AY 2025-26 and introduces structured capital gains rules, buyback taxation, and dropdown menus

RBI seeks 'vostro' accounts investment cap removal to push Rupee trade

The holders of such accounts can invest in Indian government debt without registering as foreign portfolio investors (FPIs), as overseas investors have to

Indian Rupee slips under 84/$ after strong open; hits seven-month high

The domestic currency appreciated 71 paise to 83.78 against the greenback, after opening at 84.09 on Friday

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

Nabfid plans to raise up to ₹70,000 crore in FY26 for development push

Eyes ECBs and international bond markets