The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products

RBI, Reserve Bank of India

The rupee appreciated 9 paise to 87.10 against the US dollar in early trade on Wednesday, fuelled by the broad weakening of the US dollar and easing crude oil prices.
Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral.
Rupee is expected to trade with a slight negative bias as fears of a prolonged trade war continue to grip the financial world, they said.
At the interbank foreign exchange, the rupee opened at 87.18 against the greenback, then gained some ground and touched 87.10 against the greenback, up 9 paise from its previous close.
On Tuesday, the rupee rebounded from initial losses and settled with a gain of 13 paise at 87.19 against the US dollar.
"The rupee traded in a narrow range, caught between global uncertainty driven by Trump factor. Moreover, persistent FII selling, with USD 128 million offloaded in the last session and total outflows nearing USD 12 billion this ye

Rupee

Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets

Net liquidity in the banking system was in a deficit of Rs 1.09 trillion as of Monday, according to the latest data by RBI

interest rate, lending rate

14 states raised Rs 50,500 crore through bonds at the auction

State bond yields harden on heavy supply and weak investor demand

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday.
Over USD 129 billion were remitted by the non-resident Indians (NRIs) and people of Indian origin to the homeland in 2024, and it is fair to assume that they have investments of similar quantum in the global markets, chairman of the financial regulator K Rajaraman said here.
"...as of now, about 5,000 NRIs have invested about nearly a billion and a half... in various banking products. They have also invested close to USD 7 billion in the fund ecosystem," he said at an event organised by the Institute of Internal Auditors here.
Dedicated facilities for attracting the diaspora money into the GIFT City in Gujarat were started in 2024.
Rajaraman said the over 19 million-strong diaspora is a big catchment of funds, and explained the idea behind it.
"The thought process is how do we create a platform which can

GIFT City

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday.

The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit.
Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index.
At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close.
On Monday, the rupee settled with a gain of 5 paise at 87.32 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 106.61, lower by 0.12 per cent, amid escalating trade tensions, which have been triggered by US.  President Donald Trump's renewed tariff policies.
Brent crude, the global oil benchmark, quoted 0.63 per cent lower at USD 71.17 per barrel in futures 

Rs, Rupee, Indian Currency, Economy

Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux

From a risk perspective, it is better to spread your deposits across multiple banks, given the extent of the current deposit cover

Fixed Deposit

Namibia said the visa regime is based on the principle of reciprocity

Namibia

The index evaluates how combining premium education with additional investment-based residence and citizenship rights creates significant opportunity for the next generation

caste wealth analysis, upper caste, sc, st

Paytm UPI users can now set up automatic payment deductions directly from their bank account for trades, without having to transfer large sums to their trading accounts on brokerage apps

Paytm

The Income Tax Bill 2025 grants tax authorities the power to access personal digital spaces, including emails and social media, to track tax evasion starting in April 2026.

Income Tax

The Gold Card will cost $5 million and will be available very soon, said Trump

Donald Trump, Trump

Several multinational companies sponsor thousands of H-1B visas each year

H-1B Visa

A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism

home insurance

US$ 1 million can buy 99 sq m in Mumbai, 208 sq m in Delhi and 370 sq m in Bengaluru: Knight Frank's The Wealth Report 2025

Real Estate

While some policyholders face sharp hikes, many find ways to manage costs by switching plans or opting for features that reduce long-term expenses

Health insurance customers will face higher premiums as insurers implement hikes. HDFC Ergo General Insurance has recently raised premiums for its flagship product, Optima Secure. New India Assurance has also announced upcoming hikes across all its p

A minimum life insurance benefit of Rs 50,000 will be provided in cases where an EPF member dies without completing one year of continuous service

EPFO

With 85,698 HNWIs and 191 billionaires, India is positioning itself as a key player in the global wealth landscape.

US Dollar

Bengaluru & Chennai saw highest new supply absorption share in 2024 - 53% each out of approx. 65,230 units (Bengaluru) & 19,220 units (Chennai)

real estate construction building

Says UPI is evolving rapidly, and there are multiple innovations around UPI for data-driven services and merchant solutions

KETAN PATEL, co-founder and chief executive officer (CEO) of Mswipe Technologies

Central bank has 'communicated intention' to provide sufficient liquidity, says senior executive of Kotak Mutual Fund

DEEPAK AGRAWAL, chief investment officer - debt at Kotak Mutual Fund

Samtani talks about Indian engineers and Generative AI (GenAI) in banking

Gunjan Samtani, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India

He said the asset liability committee of the bank will meet this week and the external benchmark linked loans would be reduced from this month itself

CS Setty, Chairman, SBI

Says with higher rentals, cost of Aadhaar devices and the know-your-customer paraphernalia, the commercial viability of the BC network is certainly to be looked at

Anand Kumar Bajaj, founder-managing director (MD) and chief executive officer of PayNearby

Bima Stack makes purchasing insurance simpler, speeds up claims and strengthens access to products. It gives people control over their data

The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr

M&A activity in India has largely been unaffected by geopolitical uncertainty

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

Digital underwriting is not just about making decisions quickly through automation: It ensures greater financial inclusion and improves risk control

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment

money cash merger demerger acquire acquisition

The success of National Urban Cooperative Finance and Development Corporation will revive public confidence in the sector and provide regulatory comfort

Irdai's new accounting norms for premium reporting has resulted in insurers revising commissions on multi-year health policies

Health insurance, cashless, credit cards, loans on card swipe

The Gurugram-headquartered company serves over 10.2 million customers nationwide, with 21 new policies issued every minute on its platform

Ankit Agrawal, chief executive officer and founder, InsuranceDekho

Obligatory cession is the portion of business that Indian non-life insurers must mandatorily reinsure with GIC Re

insurance

Irdai felt the need to permit insurers to hedge through equity derivatives

Change in accounting norms, sharp decline in premiums from govt. schemes have also weighed on health insurance premium growth

Finance News: Get latest Banking news, Reserve Bank of India news, FIIs, NBFC, Insurance news, SEBI news, Public and Private sector bank news, NBFCs and gold lending news at Business Standard.

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