Page 3 - Finance News

Could UPI payments become chargeable? Here's what the new Bill says

The proposed Bill doesn't impose MDR yet, but it gives the Centre the power to decide which digital payments remain free

Closing auction sparks divergence in benchmark indices for second day

Thin liquidity and institutional orders during the Closing Auction Session continued to widen the gap between the Sensex and Nifty, raising concerns over price discovery

Delhi Lakshmi Yojana registrations begin: Eligibility, documents, key rules

Delhi government launches portal as registrations begin. Check eligibility, documents and how the ~2,500 monthly benefit works

Centre releases additional tax devolution of ₹1.09 trillion to states

The finance ministry on Saturday said the Centre has released additional instalment of tax devolution to state governments amounting to Rs 1.09 lakh crore, which is in addition to the normal monthly amount. Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year. "The Union government has released additional instalment of tax devolution to state governments amounting to Rs 1,09,019 crore on 1st August 2026, which is in addition to the normal monthly devolution to be released on 10th August 2026," the ministry said in a statement.

Policy pillars: Finance Commissions, tax devolution and fiscal balance

Finance Commissions have a critical role in fostering the balance between fiscal capacities and needs of the Union and states, and among the states inter se

Banks raise fresh deposit rates in June; lending rates edge up: RBI

Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

Lenders less likely to extend credit to new borrower now than a decade back

Lenders are less likely to provide loans to borrowers who are new to credit, as they prefer to serve their existing customers, a leading credit information company said on Thursday. According to TransUnion CIBIL data, only 13 per cent of overall loans in FY26 were NTC borrowers against 32 per cent in FY17 despite an expansion in the number of credit-eligible people to 89 crore from 79 crore at March 2017. Its chief executive and managing director Bhavesh Jain said private sector lenders are least likely to entertain NTC customers, and the bulk of such borrowers are brought by public sector banks and non-bank lenders. Jain said a particular lender's risk appetite or credit policy would be influencing such decisions of staying away from the NTC category, and stressed that the repayment performance of the NTC category is on par with prime or near-prime borrowers. In some cases, lenders are choosing to give credit not just to existing credit customers, but to borrowers who have a histo

NPS gets two new PFRDA tools for fund comparison, complaints: How to use

PRIDE-DISHA helps compare NPS fund performance, while Pension Sahayak makes raising and tracking complaints easier

Sebi eases security transmission rules, fast-track for low-value claims

Markets regulator Sebi on Thursday revised the security transmission framework by introducing a new fast-track mechanism for low-value claims and standardising documentation requirements to make the process efficient and investor-friendly. The framework introduces Quick Transmission Processing (QTP) and revises the monetary thresholds under the simplified documentation route. Under the new norms, the markets watchdog said QTP will apply to claims involving securities worth up to Rs 10,000 held in physical mode and Rs 30,000 for demat holdings. It also revised the threshold for transmission through simplified documentation to Rs 10 lakh for physical securities and Rs 30 lakh for demat holdings. In a circular issued on Thursday, Sebi said it has also standardised the documentation and procedures for transmission by removing the mandatory requirement of probate of a will in line with recent amendments to succession laws. It has replaced separate affidavits and no-objection certificat

Old Pension Scheme option opens for select NPS employees: Who qualifies

Certain Central government employees can now choose OPS instead of NPS, subject to eligibility

Climate 'black swan' risks: Why investors are preparing for the worst

Climate risks are no longer just an environmental concern. Large investors are now studying whether climate tipping points could trigger sudden losses across financial markets

RBI Ombudsman scheme offers up to Rs 33 lakh to customers: Know rules

The revamped grievance redressal framework is free to use, but customers must follow specific steps before approaching the regulator

Education loan demand shifts beyond US, NBFC AUM seen up 20%: Report

US education loan disbursal fell 57% in FY26, but NBFC education loan assets are still expected to grow 20% this financial year

75% insurance buyers save up to 70% on premiums by comparing plans: Report

Premiums for similar insurance cover can vary widely, making comparison an important step before buying

EPS 2026 brings 5 key pension changes for EPF members: Here's what changed

From a new withdrawal waiting period to faster claim settlements, here's what the notified EPS 2026 changes for members

Central Autonomous Body employees get 2 more NPS fund option: Details

Two additional life-cycle funds with higher equity exposure are now available to eligible NPS subscribers

Car purchase on your mind? Check latest auto loan rates and EMIs

Passenger vehicle sales gained momentum in June as demand for alternative-fuel vehicles rose. Compare auto loan rates, EMIs and lenders before financing your next purchase

EPF withdrawal rules changed? Here's what the new Scheme 2026 means

From simpler withdrawal categories to a longer wait for final settlement, here's what the new EPF Scheme changes.

Could you have unclaimed insurance money? Here's how to find and recover it

Here's how to trace unclaimed payouts and recover money due to you or your family.