Page 6 - Finance Sector

Sales of listed private NFCs grow at slower pace of 5.5% in Q1 FY26: RBI

Sales of listed private non-financial companies grew at a slower pace of 5.5 per cent in the first quarter of 2025-26 compared to 6.9 per cent in the year-ago period, the Reserve Bank of India said on Monday. The RBI released the data on the performance of the private corporate sector during the first quarter of 2025-26, drawn from abridged quarterly financial results of 3,079 listed private non-financial companies. "Sales of listed private non-financial companies rose by 5.5 per cent during Q1 2025-26 compared to 7.1 per cent growth in the previous quarter (6.9 per cent in Q1 2024-25)," the central bank said. According to the data, aggregate sales growth of 1,736 listed private manufacturing companies moderated further to 5.3 per cent during the first quarter of the current fiscal from 6.6 per cent in the previous quarter, mainly dragged by the weak performance of the petroleum industry. Sales growth of IT firms declined to 6 per cent during Q1 of 2025-26 from 8.6 per cent in the

Fintech Kiwi raises $24 mn Series B, aims profitability in two years

The round also saw participation from Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network

After a 4-month record in FY26, corporate bond issuances slow down in Aug

Market participants said that the bond market is currently in a wait-and-watch mode due to multiple uncertainties amid supply pressures from state bonds and central government bonds

From Finance Leader to Author: Nimisha Shah's New Book Aims to Transform Entrepreneurship

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Kissht Founder Ranvir Singh: Bringing Financial Freedom to Every Indian

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US tariff impact: MSME NPA classification period likely to be doubled

"The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon," the official said

RBI allows NRIs to invest rupee surplus in vostro accounts in G-secs

The Reserve Bank of India (RBI) on Tuesday said non-residents maintaining special rupee vostro accounts (SRVA) can invest surplus balances in central government securities (G-secs). "Persons resident outside India that maintain a SRVA for international trade settlement in Indian Rupees -- may invest their rupee surplus balance in the aforesaid account in central government securities (including Treasury Bills)," the central bank said in a notification. In a communication to all authorised dealer category-I banks, it said the directions take effect immediately and asked the banks to communicate the same to their clients. The RBI said operational instructions in this regard have been incorporated in the 'Master Direction' on the subject. The SRVA accounts are usually opened by foreign entities with an Indian bank to help settle international trade transactions in rupee. The notification comes days after the RBI simplified the process to open the SRVAs in an effort to boost rupee ...

Microfinance sector seeks up to $2.2 bn credit guarantee support from govt

The total loans outstanding for the sector were ₹3.5 trillion in June 2025, down 16.7 per cent from June 2024, the data showed

RBI says re-KYC completed for over 3.5 mn accounts in FI campaign

RBI reports 3.5 mn bank accounts have completed re-KYC during nationwide financial inclusion camps running from July to September 2025 at Gram Panchayat level

MFI industry's new challenge: Funds needed to survive, banks must act

The sector is ready to make amends, but it needs money to remain in business. If banks don't loosen the purse strings, things will worsen

ICICI Bank hikes minimum account balance for urban areas to ₹50,000

The minimum balance for semi-urban regions has been increased to ₹25,000 and for rural branches has been increased to ₹10,000 from ₹5,000

We have to play it right and convince people they can trust us: AU chief

I think the momentum will be huge in our favour be it in terms of deposits or loans. We just got the license last night and the kind of curiosity I am seeing around this is huge, said Agarwal

Banks roll over maturing VRRR amount; overnight WACR breaches repo rate

On Friday, the RBI conducted two VRRR auctions, one for six-day tenure and another for three-day tenure, to withdraw a total ₹3 trillion from the banking system

Life insurers' new business premium rises 22% to ₹38,958 cr in July

Driven by LIC's group single premiums and private sector's individual policies, life insurers posted 22.4% YoY NBP growth in July despite a dip in total policy count

Status quo on policy: Is this the end of the Reserve Bank's easing cycle?

With the rise in inflation from the fourth quarter, possibility of another rate cut uncertain, unless growth plays spoilsport

RBI to simplify claim process for deposits, lockers of deceased customers

The move is aimed at making settlement of claims or return of articles from a locker smooth for relatives after the death of a customer

DPDzero raises $7 mn Series A to scale AI-powered debt collections

Debt collections platform DPDzero secures $7 mn Series A funding led by GMO Venture Partners, SMBC Asia Rising Fund, and Blume Ventures to expand AI and field collection network

Indian economy contributing more to global growth than US: RBI Guv Malhotra

RBI Governor Sanjay Malhotra says India contributes 18% to global GDP versus US share of under 11%, retains FY26 growth forecast at 6.5% despite Trump's 'dead economy' remark

Leveraging tech can make JFS premier financial services entity: Kamath

Jio Financial Services to use digital innovation and Agentic AI to expand access and simplify financial services, says Chairman K V Kamath in FY25 annual report

Wine, music and jets draw scrutiny of asset-backed private credit managers

Investors are becoming more discerning after a period of rapid growth in the sector, fueled by demand from insurance companies for investment-grade rated strategies