The Hindu Businessline News

The rupee on Thursday closed at a record low of 90.4825 per US dollar

Banks can now offer cash credit account to customers basis their needs without any restrictions. Further, a bank may maintain current account or OD account without any restriction in case of customers with less than 10 crore exposure to banks.

Stronger dollar and persistent foreign outflows kept pressure on the domestic currency

The aforementioned OMO purchase auction is part of the liquidity injection measures announced by the RBI in its bi-monthly monetary policy review.

The purchase is part of RBIs plan to inject one trillion rupees worth of liquidity via bond purchase and $5 billion equivalent via a foreign exchange swap this month

The fund house is a joint venture between ICICI Bank, Indias second-largest private lender, which holds 51% and Prudential, which owns the rest

The regulator has also approved investments in gold and silver ETFs, enabling exposure to commodities for the first time

With incomplete economic data after a lengthy government shutdown, the Fed expects inflation to ease to around 2.4% next year even as growth strengthens.

Indian Digital Payment Intelligence Corporation will be established as a Section 8 company (a special type of non-profit organisation) under the Companies Act, 2013

The Banker says BoB has improved customer experience by enhancing its phygital banking services

The base issue size was 1,000 crore with a green shoe option of 1,500 crore

Mehta, former chairman at YES Bank and Punjab National Bank, steered IndusInd through its leadership crisis earlier which unfolded after the bank reported discrepancies in its derivatives portfolio which led to around Rs 2,000 crore impact on balance sheet.

More than half of the fund has already been committed, and the firm is actively looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum

Ageas Federal, a joint venture between the Ageas Group and Federal Bank that began operations in 2008, operates through 3,770-plus branches including partner bank branches

The campaign promotes four retail banking products: home loans, car loans, MSME loans through bob Digi Udyam, and the bob Masterstroke Lite Savings Account

The digital segment has grown at a 45% compound annual growth rate over the past two years, driven primarily by partnerships with fintech companies targeting small merchants, gig workers, and self-employed borrowers

Indian banks are holding 78,000 crore of unclaimed money, while insurance companies have nearly 14,000 crore lying unclaimed

IndusInd Banks board has faced criticism from investors over shortfalls in oversight and delay in disclosing the accounting lapses in its derivative portfolio, which led to the hit to the banks accounts

When the company opens a new presence in a Tier 3 city, the outlet is able to break even in as early as 18 to 24 months, Edelweiss AMCs CEO Radhika Gupta said

The DFS approval comes four months after the Bank received in-principal approval from the Reserve Bank of India (RBI) for transitioning to a universal bank

In response to the cumulative 100 bps cut between Feb-Oct 2025, the weighted average lending rate (WALR) of banks declined by 69 bps for fresh rupee loans, while WALR of outstanding rupee loans reduced by 63 bps

Transaction cost will include remittance fees, foreign exchange rate, currency conversion charges etc

They believe the central bank may have hit upon the aforementioned strategy to stabilise the Rrupee, which vaulted over the psychologically crucial 90 to the Ddollar mark last week

In latest bi-monthly monetary policy statement, Malhotra highlighted that the system-level financial parameters related to capital adequacy, liquidity, asset quality and profitability of Scheduled Commercial Banks continue to remain robust

A bank has accused RHFL, its then director Jai Anmol Ambani, and former CEO Ravindra Sharad Sudhakar of defaulting on credit facilities which eventually led the account to be classified as NPA in 2019

The bank aims to use its wholly owned subsidiary State Bank Operations Support Services (SBOSS) in rural and semi-urban areas

RBIs final guidelines streamline bank reorganisation, enhancing compliance while allowing flexible lending overlaps, says Crisil Ratings.

CBI acted on a complaint filed by Union Bank of India against Reliance Home Finance, Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL

The 2 new solutions will help finance teams monetise with modern revenue strategies, improve spend controls, streamline procurement, and gain end-to-end financial visibility

The Level Up Credit Card introduces a Salary Day Bonus feature, offering up to 37.5% rewards on salary disbursement days, enabling employees to maximise returns on essential expenses coinciding with payroll cycles

The card is available against an FD from 20,000 and is open to all applicants aged 18 and above

Meanwhile, mop up through TDS on transaction of crypto has more than doubled in three years, Finance Ministry data, presented in Lok Sabha showed

Indian currency slips past 90-mark again vs dollar

According to the report, industry gross direct premium income surged 24.1% year-on-year in November 2025, reflecting sustained demand momentum

ICICI Prudential AMC Is also awaiting the markets regulator's approval to acquire group company ICICI Ventures as part of its private equity expansion

At the current market price of the bank, the total proceeds from the stake sale are estimated at 63,000 crore

Fino Payments Bank will re-brand itself as Fino SFB post conversion and double its branch network from 120 currently, over the next 2-3 years, and hire 500-600 employees in the initial years of becoming a SFB.

This will help financial institutions adopt a calibrated and well-informed approach while evaluating proposals

IL&FS said it will file an application before the NCLT against the erstwhile whole-time directors, who owe nearly 90 per cent of the total dues, and also seek recovery from independent directors of these three companies

Bajaj Finance plans to enter wealth management business.

As India continues to expand subsidised health insurance schemes, the study highlights why unification of data and processes across different stakeholders is essential for improving service delivery

Stating that the digital transformation would be similar to what State Bank of India had undergone in terms of various processes, the secretary hinted at a comprehensive set of reforms in insurance whichwill be announced soon

With cheaper funding, banks can lower lending rates such as MCLR and base rates, making home, auto, and business loans more affordable

It moved travel and transited to the main PhonePe app

1 lakh crore OMO purchases along with the 3-year USD/INR buy-sell swap will support liquidity and monetary transmission

With Finos exit, there are only few operational and large scale payments bank in the country. These include Airtel Payments Bank, Jio Payments Bank and India Post Payments Bank

Real interest rates remain high even as nominal rates fall

Announces lliquidity enhancement measures; ups FY26 GDP projection by 50 bps, cuts inflation projection by 60 bps

The tie-up will provide Vastus customer base access to two main insurance products

India has more than 44,000 registered FPOs, but fewer than one-third can secure formal credit, FPO Shakti addresses this challenge