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Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

Banking system’s ₹5 lakh cr plus surplus liquidity prompts RBI to announce drain out auction Fintech IPO plans hit pause as weak rupee, retail pullback weigh on timing Godrej Capital eyes ₹50,000 cr AUM in 2 years, to launch gold loans by June FIU-IND, SEBI sign MoU to strengthen anti-money laundering framework in India HDFC Bank chairman resignation not a sign of financial stability: InGovern HDBFS shares jump 12% post Q4 results, brokerages see steady growth ED arrests former ADAG executive Amitabh Jhunjhunwala in loan fraud case Q4 Results Highlights Today: Elecon Engineering PAT declines, ICICI Lombard net profit rises 7%, HDB Financial shares gain ahead of Q4 results today, Reliance Industrial Infra, GTPL Hathway, Tejas Networks to announce Q4 results today, ICICI Prudential Life, Anand Rathi Share rise Satin Growth Alternatives launches debut ₹200 cr fund Insurers need to make payouts quick and frictionless, says DFS Secretary C-D ratio of banks widens to 255 bps Non-life insurers’ premium income rises 9.2% to ₹3.35 lakh crore in FY26 RBI allows NBFCs, including gold loan companies, to open branches without prior approval Trump says he may fire Fed chair Jerome Powell if he does not step down RBI allows NBFCs to open branches without prior approval, eases norms LPL Financial opens Global Capability Centre in Hyderabad Shriram Finance arm gets RBI nod to start primary dealer business NBFCs' reliance on bank borrowings to increase in FY27 on lower interest rates RBI holds talks with banks on ways to boost deposits Banks increase mark-up over repo-linked external benchmark loans to protect margins Paytm becomes majority Indian-owned and controlled company as domestic investors raise stake UPI clocks 228.5 billion transactions in 2025, driving India’s digital payments boom Kevin Warsh files financial disclosures, pledges divestment for Fed nomination Bitcoin climbs to 4-week high on hopes of US-Iran peace talks Gold loans register sharp growth to emerge India’s second-largest retail credit product: TransUnion CIBIL Poonawalla Fincorp mops up ₹2,500 cr via QIP RBI returns Ujjivan SFB’s application to transition to a universal bank LIC board approves 1-for-1 bonus issue BoB and Reliance Jio launch mobile banking app for feature phone users Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data ICICI Prudential AMC Q4 profit rises 10% to ₹763 crore, AUM up 25% RBI rejects Ujjivan SFB’s universal bank licence bid, asks it to reapply Rupee slumps 65p amid spike in crude oil prices due to failure of US, Iran to reach a truce deal Reliance Jio and Bank of Baroda partner to launch 'bob World Lite' on feature phones, boosts digital inclusion Visa, HDFC Bank launch FIFA World Cup 2026 card and rewards campaign Small finance banks set for strong Q4FY26; Outlook hinges on FY27 macro trends: Report RBI criticises banks’ rupee arbitrage trades Q4 Preview: ICICI Pru AMC likely to report 5% growth in Q4 net profit Alignment of average call rate with repo rate contingent on level of liquidity: RBI AI to reduce uncertainties and expand opportunities - RBI DG UPI at 10: From payments pipe to backbone of India’s digital financial ecosystem Shriram Finance’s credit rating climbs after MUFG investment Invoices financed on RXIL’s platform jumps 51% to ₹1,21,105 cr in FY26 Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance RBI unveils medium-term strategy framework ‘Utkarsh 2029’ Fintechs bet big on digital FDs, eye larger share of retail savings RBI proposes ₹1 Lakh crore asset threshold for NBFC Upper Layer classification India to push for reporting of offshore rupee trades despite resistance, sources say Sa-Dhan’s new microfinance sector guardrails to focus on early risk identification, stronger governance frameworks India's remittances to reach record $140 billion in FY26: SBI Research RBI’s recent currency curbs can backfire. Here’s why RBI's cash withdrawal plan pushes up bond yields, swap rates West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report RBI to conduct 7-day VRRR auction as liquidity surplus hits ₹4.5 lakh crore Delhi High Court says LIC policy details cannot be shared without basic identification Indian banks resilient despite rising credit pressure in Asia: Fitch RBI moots delay and kill switch feature to combat rising online frauds CBI registers FIR in ₹550 crore IDFC bank embezzlement case RBI issues guidelines to enhance efficiency of cross-border inward payments Banks close out bulk of their long dollar positions ahead of RBI’s April 10 deadline Bitcoin holds near $71K as markets weigh geopolitics and macro signals PMMY loans’ disbursal reach all time high at ₹5.64 lakh cr in FY26 Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources say NCLAT upholds NCLT order on distribution of funds from a resolution plan India’s securitisation market hits record ₹2.55 lakh crore in FY26 on NBFC boost West Asia war: RBI warns of upside risks to current account deficit in FY27; rupee faces continued headwinds RBI holds rates steady amid global inflation, growth concerns RBI proposes easing capital adequacy requirements for banks A sharp correction in gold prices can trigger margin calls and liquidation of leveraged positions: RBI study Found no concerns related to governance, conduct in HDFC Bank: RBI Governor Coal Ministry allows insurance surety bonds to replace bank guarantees RBI MPC Meeting 2026 Highlights: RBI holds rates unchanged at 5.25%; projects FY27 GDP at 6.9% Sachdev invests $5 million in embedded credit platform GLAAS Interest rates to remain low in medium to long term: RBI Governor RBI ups crude oil, exchange rate baseline assumptions for FY27 RBI decides to do away with IFR requirements for banks Visa India head Sandeep Ghosh resigns; leadership change in key payments market Digital lending platform KreditBee raises $280 million, enters the unicorn club RBI MPC Meet 2026: FY27 GDP projection at 6.9%, retail inflation seen at 4.6% MPC keeps repo rate unchanged at 5.25% RBI proposes additional measures to promote ease of doing business, capital adequacy and market development Antwerp court clears way for Mehul Choksi extradition to India Bank of Baroda unveils AI-powered multilingual conversational platform for customer interactions Pre-funding norms for biz: Business correspondents may get some relief IRDAI forms panel to review health insurance US-based insurance broker Lockton to expand reinsurance biz in India this fiscal RBI MPC Meet April 2026: Date, Time, When & Where, Expectations & live details RBI likely to revise inflation upwards; GDP faces downside risks amid global uncertainties: Report India plans sovereign guarantees on loans to businesses hit by Iran war, sources say Steady Q4 expected for banks on strong metrics RBI proposes separate categories of banking correspondents, uniformity in wages Yes Bank names Vinay Muralidhar Tonse as MD & CEO UCO Bank records 19% rise in loan growth in Q4 Bitcoin tops $70,000 on optimism over possible Iran ceasefire Details on state debt maturity profile to whet auction, derivatives demand, investors say RBI rate-setting panel starts deliberations amid West Asia crisis; decision on Wednesday Valura.ai onboards over 1,000 wealth advisors RBI-spurred rupee rally sparks importer rush, hedging costs soar most since global financial crisis India banking sector outlook: Credit growth strong, margins to stay under pressure RBI likely to hold rates as ‘Goldilocks’ phase gives way to stress
Centre extends CGSMFI-2.0 scheme and raises MFI loan cap to ₹1,000 crore
By BL New Delhi Bureau · 2026-06-10 · via Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
The government has also raised the maximum loan amount limit for large NBFC-MFIs and MFIs to ₹1,000 crore fro…