Page 96 - Finance News

UPI transaction value dips 3% to ₹23.9 trillion in April, volume dips 2%

In March, the volume reached 18.3 billion and the value stood at ₹24.77 trillion, marking a 14 per cent and 13 per cent rise, respectively

Regional banks to function under 'One State, One RRB' from today: Details

28 Regional Rural Banks, down from 43, with more than 22,000 branches, will serve 700 districts in India

From today, ATM withdrawals beyond limit will cost you more: Details

The free limit under the new ATM rules has been set at three for metropolitan regions and five for non-metropolitan areas

Bank retail credit witness sharp slowdown in FY25; drops to 11.6%

Reserve Bank of India data showed the overall bank credit growth declined to 11 per cent in FY25 from 20.11 per cent in FY24

Rupee hits 5 month high; logs biggest single-day gain in 29 months

10 year govt bond yield fall 23 bps in April

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

February repo rate cut: Deposits rates inch up, lending rates fall

The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of scheduled commercial banks stood at 6.65 per cent in March 2025

Non-food bank credit growth decelerates to 12% in March 2025, says RBI

The data released by RBI, compiled from 41 select scheduled commercial banks (SCBs) that account for nearly 95 per cent of total non-food credit, highlights notable trends across key economic sector

Ministry of Finance initiates search for a new whole-time member for Sebi

The new WTM may serve for up to five years, as specified in the appointment order, but must retire upon reaching the age of 65

RBI rate cuts to impact key profitability indicator of banks: Crisil

Crisil Ratings said the RoA will contract by 0.10-0.20 per cent to 1.1-1.2 per cent in FY26 from an over-two-decade high of 1.3 per cent in FY25

Rupee hits 2025 peak, boosted by portfolio inflows, exporter hedging

The rupee rose 0.5 per cent to a high of 84.78 per dollar, tracking gains in Asian currencies, which were up by as much as 0.8 per cent on the day

RBI has room for more rate cuts, but with caution, says rate panel member

Going forward, continuing policy easing - both rate cuts and liquidity infusions - could eventually alter the growth-inflation

Rupee opens stronger at 85.15/$ as oil falls; focus on India-Pak tensions

The domestic currency opened 10 paise higher at 85.15 after ending at 85.25 against the greenback on Tuesday

IndusInd Bank MD and CEO Sumant Kathpalia resigns with immediate effect

Bank seeks RBI nod for panel to discharge CEO duties

NPCI issues two circulars on API usage amid rising UPI disruptions

NPCI has asked banks to enforce changes in the response time of UPI APIs by June 16

10-year bond yields fall 6 bps after RBI's open market operation plan

Foreign banks net sell Rs 9,800 crore in one week to book profit after fall in yields

Evren raises $100 mn from ALTÉRRA to build 11 GW clean energy pipeline

The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh

Sovereign bonds rally after RBI unveils large-scale debt purchase plan

The benchmark 10-year yield fell seven basis points to 6.33 per cent to trade near a three-year low. The 7.1 per cent 2034 bond also slid by the same magnitude

Indian rupee loses steam after slipping under 85/$; opens 5 paise lower

The domestic currency opened 5 paise lower at 85.08 after ending at 85.03 against the greenback on Monday

Rupee rallies to under 85 vs dollar intraday on strong equity inflows

RBI to conduct OMO to purchase Gsec worth ₹1.25 trillion