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Muthoot, Manappuram hit new highs in weak market; rally upto 17% in 1 week

Share price of Muthoot Finance and Manappuram Finance hit their respective new highs, gaining 2% in Thursday's intra-day trade in an otherwise weak market

No lock-in FDs abroad: RBI set to tighten overseas remittance rules

Reserve Bank of India plans to block overseas fixed deposits under Liberalised Remittance Scheme to curb misuse, protect forex reserves, and prevent passive capital flight by resident Indians

RBI sends conflicting signals about monetary policy with surprise moves

The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth

Share of small-ticket gold loans to rise as RBI eases the LTV norms

Repo rate cut, liquidity infusing to aid NBFCs performance

Microfinance credit quality dips in FY25; NPAs rise to ₹55,000 crore

Microfinance sector sees worsening credit metrics in FY25 with PAR 31-180 and NPAs rising sharply amid disbursal decline and external disruptions, says MFIN

Jana Small Finance Bank applies to RBI for universal banking licence

Jana Small Finance Bank Applies to RBI for Universal Banking License

RBI to use cash reserve ratio for liquidity, policy transmission: Report

The person aware of the Reserve Bank of India's thinking declined to be identified because they are not authorised to speak to the media. The RBI did not reply to an email seeking comment

Bank holiday today: Are banks shut on June 11 for Kabir Jayanti, Saga Dawa?

Bank holiday today: Banks in two states are closed today, June 11, 2025, due to Sant Guru Kabir Jayanti and Saga Dawa. Check holiday details and services available

Reduce unclaimed assets: FM Sitharaman to financial sector regulators

At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors

RBI's decision on cash infusion fuels demand for India's short-term bonds

Reserve Bank of India's unexpected move to release ₹2.5 trillion ($29 billion) starting September may prompt lenders to favour shorter-tenor securities over longer-dated ones

India May inflation likely cooled to 3% as food price pressure eases: Poll

RBI which targets inflation in the middle of its 2-6 per cent range in the medium term, also shifted its policy stance to 'neutral' from 'accommodative'

RBI considers fresh guidelines to curb mis-selling: Deputy governor Rao

RBI Deputy Governor M Rajeshwar Rao flags unethical recovery practices and high interest rates in microfinance, says guidelines to address mis-selling may be considered

SPMCIL delivers 3.4 metric tonnes of refined gold to RBI in FY25: FM

Sitharaman added that SPMCIL also refines silver and gold received from institutions such as the Tirumala Tirupati Devasthanams and the Vaishno Devi Shrine Board

Bond yields harden as traders sell bonds at profit after RBI rate cut

Government bond yields rose as traders booked profits following RBI's 50 basis point repo rate cut and change in policy stance, impacting market sentiment

Jana Small Finance Bank applies to RBI for universal banking licence

Jana Small Finance Bank (Jana SFB) on Monday said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal bank. The strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking, the bank said in a statement. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics, it said. Since receiving its SFB licence in 2017, Jana has built a robust portfolio in deposits, loans, and financial services tailored to individuals, MSMEs, and institutions, it said. With a growing deposit base, national presence, digital services and a strong asset quality track record, the bank believes it is well-positioned to take the next step in its evolution, it adde

RBI to end daily VRR auctions from June 11 as liquidity improves

With net banking system liquidity in a surplus and muted demand from lenders, RBI discontinues daily Variable Rate Repo auctions introduced in January

RBI's revised QA norms to boost compliance, broaden microfinance reach

Industry body says lowering QA threshold for NBFC-MFIs to 60% will improve compliance, enable diversification, and support long-term sector sustainability

PFC withdraws zero-coupon bonds issuance due to weak investor demand

PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics

RBI to discontinue daily variable rate repo auctions from June 11

The RBI started conducting daily VRR auctions on every working day from January 16, when banks were grappling with tight liquidity conditions

HDFC Bank reduces MCLR by 10 bps across all loan tenures from 7 June

The MCLR for HDFC Bank now ranges from 8.90 to 9.10 per cent across tenors, following a 50 bps cut in the repo rate by the RBI's monetary policy committee last week