Page 2 - Finance News

SC to hear challenge against EPF rules governing international workers

Supreme Court issues notice on plea challenging EPF Scheme provisions requiring foreign nationals working in India to contribute to provident fund

Choosing between RERA and consumer court for action against builders, dues

Carefully assess nature of grievance before choosing forum

Irdai clears Allianz Jio Reinsurance, Kiwi General Insurance to begin ops

In a press release following its 134th board meeting, the regulator said it had granted certificates of registration to one reinsurer and one general insurer

ECB volumes may grow 25-30% to $65 billion in FY27: Citibank executive

Prolonged geopolitical tensions could pose headwinds

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

Govt buys back G-secs worth ₹6,309 crore in RBI's switch auction

The government has bought back G-secs worth Rs 6,309 crore from the switch auction conducted by the Reserve Bank of India (RBI), and has issued bonds worth Rs 6,431.797 crore, according to a release. Government securities (G-Secs) are low-risk debt instruments that are issued by the government and offer fixed returns and are backed by a sovereign guarantee. The securities repurchased by the government were part of the scheduled bonds set to mature in the next financial year. These included Rs 1,684 crore of 7.33 per cent GS 2026, Rs 1,035 crore of 5.74 per cent GS 2026, Rs 590 crore of 8.15 per cent GS 2026, and Rs 3,000 crore of 8.24 per cent GS 2027, the release said. In exchange, the government issued Rs 1,719.236 crore of 6.57 per cent GS 2033, Rs 986.526 crore of 7.62 per cent GS 2039, Rs 605.609 crore of 6.57 per cent GS 2033, and Rs 3,120.426 crore of 7.40 per cent GS 2062, the release added. This is the fourth switch auction by the RBI since February. In a bond switch, th

FPIs sold IT stocks heavily despite positive net inflows in February

FPIs sold nearly ₹17,000 crore worth of IT stocks in February despite strong overall equity inflows, as fears of AI-led disruption drove the sector to its steepest monthly fall since 2008

RBI issues draft guidelines on compensating customers for digital fraud

The guidelines come amid a rise in fraud cases as digital payments see wider adoption in the country

RBI policy easing: Share of loans below 9% rate increases to 62.4%

RBI data shows a strong shift in lending patterns after policy easing, with loans priced below 9% rising sharply as PSBs led credit growth and monetary transmission became more visible

Can tenants claim ownership after decades of occupancy? SC clarifies

Supreme Court clarified that decades of occupancy do not grant tenants ownership rights, orders the eviction of a shop's occupants

War disruption: When airlines, hotels must refund cancelled bookings

If airlines cancel flights due to war or airspace closure, passengers can seek full refunds. But if travellers cancel voluntarily, contractual rules apply and insurance may not cover war

EPFO retains employees' provident fund interest rate at 8.25% for 2025-26

This is the second year in a row that the EPF interest rate has been kept unchanged at 8.25%

EPFO panel clears new SOP for exempted establishments, CBT to take call

EPFO's Exempted Establishment Committee has approved a consolidated SOP to streamline regulation of exempted establishments, replacing annual audits with risk-based reviews; CBT will review it next

MFI sector continues signs of stabilisation in Q3 FY26: Arohan Financial

Arohan posts 87% jump in Q3 profit as asset quality improves

Use current valuations to enter small-cap stocks with robust fundamentals

Enter only those stocks that have consistently strong financials, adequate liquidity, and no signs of corporate governance risk

NaBFID's debut CD raises ₹5,000 crore at 6.95% amid strong demand

NaBFID's maiden one-year CD issue raised Rs 5,000 crore at 6.95%, pricing tighter than comparable AIFI issuances and signalling strong investor confidence in short-term funding markets

Rs 19.5 lakh return on Rs 18,000 investment? Govt flags fraud online scheme

Fact-check unit warn that the fraudulent pitch uses AI-generated content and impersonates the Finance Minister to target victims via social media

IFSCA to seek Centre's nod to open insurance-linked securities to investors

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

Banks need to focus on core biz, desist from misselling: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday came down heavily on banks resorting to mis-selling of financial products, including insurance, saying it is an offence under the Bharatiya Nyaya Sanhita (BNS). "Banks should concentrate on their core business... My pet peeve has always been .... you're spending more time on selling insurance when it is not required, and conveniently, it fell between two stools (of RBI and IRDAI)," Sitharaman told reporters after her customary post-Budget address to the Central Board of the RBI. On February 11, the RBI had issued draft guidelines on mis-selling, saying banks will have to refund the entire amount paid by the customer for purchase of the product or service and also compensate the customer for any loss arising due to mis-selling as per an approved policy. The public has been given time until March 4 to give feedback. The stricter norms on mis-selling will come into effect from July 1, the RBI had said. "I am glad that the RBI is coming up

BC channel payout has to match commercial reality: Dharanidhar Tripathy

BC payouts must reflect rising compliance costs and risks to sustain last-mile banking and deepen financial inclusion, says Dharanidhar Tripathy