Page 7 - Finance News

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

NSFI for relook at BC payouts, use network for cross-selling

The move for the overhaul of the BC channel comes even as the National Institute of Bank Management submitted its report on the channel though it is not yet public

Unclaimed assets worth ₹2,000 cr provided to rightful owners in Oct, Nov

The government has launched a nationwide campaign 'Your Money, Your Right' to facilitate the settlement of unclaimed financial assets, and Rs 2,000 crore have been claimed by their rightful owners in October and November this year. The government launched the campaign on October 4 to facilitate the settlement of unclaimed financial assets, including bank deposits, insurance, dividends, shares, mutual funds and pensions, to their legitimate claimants. From October to December 5, 2025, camps have been held in 477 districts with participation of public representatives, district administration, and officials from financial institutions, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. To maximise outreach during the campaign, standard operating procedures (SOPs), frequently asked questions (FAQs), and awareness material in major regional languages, along with short video messages, have been widely disseminated. District-level camps are organised

RBI Governor asks banks for transmission of rate cut to customers

Reserve Bank Governor Sanjay Malhotra on Tuesday met the MD and CEO of public sector banks and select private sector banks here and urged them to pass on the rate cut to support sustainable growth. Since February 2025, the RBI has trimmed the key policy rate by 125 basis points to 5.25 per cent to support growth. India recorded an 8 per cent GDP growth in the first half of the current financial year. During the meeting, the RBI Governor observed that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment, the central bank said in a statement. He noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth and deeper financial inclusion, it said. Emphasising better customer service, he urged banks to focus on reducing grievances and ...

Why India's Cities can't crack property tax even after digital push

Cities are experimenting with online portals, waivers and service linkages, yet India's property tax collections remain weak, undermining municipal finances even as urban responsibilities keep rising

Board approval must for bank entities to do same business, says RBI

RBI says bank's NBFC group entities that have not been independently identified as NBFC-Upper Layer are now exempted from listing

PE, VC inflows up 9% in October as macro signals boost investor sentiment

India's private equity, venture capital investments touched $5.3 billion in Oct 2025, rising nine per cent, as resilient sectors, policy cues and a steady macro backdrop supported investor confidence

DPDP rules lift cyber, D&O cover enquiries, but major demand yet to emerge

India's DPDP Act has prompted firms to reassess cyber and D&O liability limits, lifting enquiries but not yet translating into a surge in purchases

Rs 170 bn dues, 34,000 unsold flats: what DDA's data means for home buyers

DDA has Rs 17,000 crore in liabilities and unsold inventory: A situation that could lead to better availability and competitive pricing for homes