Page 12 - Finance News
RBI proposes to make use of UTI mandatory for OTC derivative transactions
The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner
 "RBI proposes to make use of UTI mandatory for OTC derivative transactions")
BNPL: Limit instalments to 10-15% of income and restrict usage to two plans
Those with multiple loans, irregular earnings, or poor repayment habits should avoid this form of quick credit
 "BNPL: Limit instalments to 10-15% of income and restrict usage to two plans")
Reimagining the trousseau: Tradition makes way for practicality, identity
From metallic pastels to heirloom Banarasis, India's 2025 bridal couture blends legacy with lightness as brides look to stamp their own identity on their wedding outfits
 "Reimagining the trousseau: Tradition makes way for practicality, identity")
SFBs boost secured lending as they move towards universal bank status
AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks
 "SFBs boost secured lending as they move towards universal bank status")
US trade deal may reignite interest in manufacturing fund segment
Only seasoned investors with high risk appetite and a long horizon should hold manufacturing funds within their satellite portfolios, say experts
 "US trade deal may reignite interest in manufacturing fund segment")
Extending deadline not enough, MCA portal needs fixing, say experts
Despite the MCA extending its filing deadline to December 31, professionals say persistent glitches on the new version 3 portal continue to stall compliance work
 "Extending deadline not enough, MCA portal needs fixing, say experts")
Co-branded credit cards: Make sure your annual spend justifies the fee
Check whether reward points are easy to redeem, their expiry conditions, and brand-specific limits
 "Co-branded credit cards: Make sure your annual spend justifies the fee")
Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions
Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country
 "Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions")
Banking pads up to cover a new ground with risk-based deposit insurance
Shifting to a system of risk-based deposit insurance may over time force banks to become even more prudent and mindful of their finances
 "Banking pads up to cover a new ground with risk-based deposit insurance")
Bureau credit scores should not be the sole filter: IDfy's Ashok Hariharan
Ashok Hariharan, founder of IDfy, interacted with Raghu Mohan via email on issues in retail onboarding and underwriting
 "Bureau credit scores should not be the sole filter: IDfy's Ashok Hariharan")
Bank of India Q2FY26 results: Net profit up 7.62% on dip in credit costs
The Mumbai-based lender's shares ended 1.67 per cent lower, closing at Rs 123.30 per share on the BSE
 "Bank of India Q2FY26 results: Net profit up 7.62% on dip in credit costs")
Private life insurers see early demand surge after nil GST rollout
Private life insurers report strong post-GST growth as customers respond positively to the nil GST regime; term insurance demand surges 2.5x, say ICICI Prudential, HDFC Life
 "Private life insurers see early demand surge after nil GST rollout")
Allianz appoints Ritu Arora as country head for India effective immediately
In her role as Asia CIO, she managed investment functions across 12 countries with assets under management totalling about $50 billion, significantly boosting investments in Indian public markets
 "Allianz appoints Ritu Arora as country head for India effective immediately")
Value funds help balance growth portfolios; invest with 5-year view
Those unable to withstand periods of underperformance may avoid these funds
 "Value funds help balance growth portfolios; invest with 5-year view")
RBL Bank to explore equity fund raise during October 18 board meet
Board may approve equity shares, linked instruments via preferential issue or private placement
 "RBL Bank to explore equity fund raise during October 18 board meet")
Axis Finance to become upper-layer NBFC; listing likely within 3 years
Axis Bank CEO Amitabh Chaudhry says the NBFC arm's size qualifies it for upper-layer classification; stake sale planned to raise growth capital amid RBI's revised norms
 "Axis Finance to become upper-layer NBFC; listing likely within 3 years")
Govt working on mechanism to allow refund of ITC on capital goods
An inverted duty structure arises when the tax rate on inputs is higher than that on finished goods, leading to accumulation of unutilised ITC
 "Govt working on mechanism to allow refund of ITC on capital goods")
EPF settlement to take 12 months, pension withdrawal extended to 36 months
Workers changing jobs will now have to wait up to a year before they can withdraw their provident fund fully
 "EPF settlement to take 12 months, pension withdrawal extended to 36 months")
We continue to invest heavily in India GPS business, says Winnie Chen
Winnie Chen says real-time domestic payments are shaping expectations for faster, seamless cross-border transfers and stablecoin adoption
 "We continue to invest heavily in India GPS business, says Winnie Chen")
RBI consolidates regulatory norms into 238 master circulars, repeals 9,000
The central bank streamlines regulatory framework across 11 entity types and 30 thematic areas to simplify compliance and improve clarity for the financial sector