Page 6 - Finance News

FinMin unveils single brand logo for Regional Rural Banks nationwide

The Finance Ministry on Thursday unveiled a new logo for Regional Rural Banks (RRBs) to signify a single and unified brand identity. On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025. The reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts. As part of creating a single and unified brand identity for the RRBs after the major amalgamation drive, a common logo for the 28 RRBs has been unveiled, the Finance Ministry said in a statement. This marks an important step toward strengthening the identity and visibility of these institutions serving the rural communities, it added. The colours of the RRB logo have been chosen to convey the objectives of the RRBs, it said, adding that dark blue ..

RBI intervenes aggressively as rupee rebounds after hitting record lows

The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07

Insurance industry flags concerns over proposed Insurance Amendment Bill

Under the proposed Bill, the revised definition of insurance business seeks to allow insurers to enter into non-insurance contracts as well

Insurance Amendment Bill to ensure accessibility, affordability for all: FM

Nirmala Sitharaman further noted that India needs further capital infusion into the insurance sector

Exit regulation amendments: PFRDA allows loans against pension savings

Partial withdrawal norms for NPS accounts rationalised; annuity mandate at retirement relaxed for smaller balances

Belated return: Claim refunds, credits, carry forward house property loss

If you file an updated return later, you will have to pay interest and additional tax, and will not be able to claim refunds

Tax hierarchy sees reshuffle as Odisha, Telangana take unexpected leads

Smaller states such as Odisha and Telangana are emerging as the fastest-growing contributors to GST and direct taxes, challenging the long-held dominance of India's traditional economic powerhouses

Foreign firms can't claim full head office expense deduction in India: SC

Tax experts said the ruling brings finality to the treatment of inter-office expenses for foreign banks and other multinational enterprises with Indian branches

States should improve tax base, prevent revenue leakages: MoS finance

States have been provided financial assistance of Rs 4,24,227 crore since 2020-21 under the Scheme of Special Assistance to States for Capital Expenditure and Investment

Year-end fund review: Is underperformance cyclical or fundamental?

Temporary underperformance could be due to the fund manager's investment style not being favoured by the market currently; wait out such phases

Fintechs hold steady in changing terrain as unsecured credit business grows

Growth fueled by digital infrastructure and co-lending, as fintechs shift to asset-light models amid tighter funding

Banks asked to offer basic services to customers at all branches

Lenders nudged to cut charges and maintain uniformity

Microfinance institutions remain in pain even as green shoots appear

Microfinance portfolios fall for the sixth straight quarter despite improved asset quality, as credit access tightens

PLI cumulative incentive disbursement reached ₹23,946 crore: Jitin Prasada

Government data shows PLI schemes for 12 sectors drove over ₹18.7 lakh crore in incremental production/sales as of September 2025

Goa nightclub fire incident exposes EPFO's compliance failure: Officers

EPFOA alleges that the nightclub's EPF-registered entity, M/s Being GS Hospitality Goa Arpora LLP, never deposited provident fund dues since its coverage

RBI revises cash credit and overdraft norms to boost monitoring, discipline

The Reserve Bank of India has introduced revised norms governing cash credit, current and overdraft accounts, aiming to give banks greater operational flexibility while strengthening credit discipline

What are the best term insurance premium rates for young professionals?

Check out the term insurance rates from various insurers for young male professionals living in a large city

PFRDA widens pension fund investment rules to boost returns and diversity

The changes were announced in a circular on Wednesday and are effective immediately

Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off

Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent

RBI proposes full disclosure of forex transaction costs for retail users

RBI has proposed that authorised dealers give retail users a full break-up of transaction costs for forex cash, tom and spot contracts, including all fees, exchange rates and conversion charges