RBI imposes penalties on Union Bank, Central Bank, Bank of India, Pine Labs
The Reserve Bank of India (RBI) on Friday imposed monetary penalties on Union Bank of India, Central Bank of India, Bank of India, and Pine Labs for non-compliance with regulatory norms. The penalties amount to ₹95.40 lakh on Union Bank of India, ₹63.60 lakh on Central Bank of India, ₹58.50 lakh on Bank of India, and ₹3.10 lakh on Pine Labs.

Banks shouldn’t chase credit growth at cost of stability: secretary Nagaraju
Indian banks should avoid chasing credit growth at the expense of financial stability, the Department of Financial Services (DFS) secretary M. Nagaraju said on Friday, flagging lenders' past challenges with sour assets.

RBI’s ‘Payments Vision 2028’envisages a switch-on/off facility across digital payment modes, electronic cheques
 

Govt to borrow ₹8.2 lakh crore in April-September of FY27
 

RBI injects ₹65,322 crore in banking system via 6-day VRR auction
 

RBI open market operations help banks to cut treasury losses in Q4
 

RBI plans cross-border revamp, lighter rules for small payment firms
 

RBI LRS Deadline Is March 31: Last few days to use RBI’s LRS limit for this financial year
Indians have a limited time remaining in this financial year to use the Reserve Bank of India’s Liberalised Remittance Scheme (LRS) for sending money abroad optimally. For investing in international stocks, properties, or supporting foreign education, approval is necessary for remittances abroad. Under the RBI’s Liberalised Remittance Scheme (LRS), every resident, including minors (countersigned by a guardian), is allowed to remit up to 2.5 lakh US dollars (USD 2,50,000) per fiscal year. So, if you want to avail of the limit of the RBI LRS scheme for this FY, make sure you remit by March 31, 2026.

Jefferies exits HDFC Bank; trims India weighting
Mumbai: International brokerage Jefferies has exited its holdings in HDFC Bank, the second largest in the stock indices and the largest in Bank Nifty, and has also trimmed its India weighting.

AI will cause limited job losses, boost productivity: HDFC Bank ex-CEO Aditya Puri
Mumbai : Artificial intelligence (AI) will cause limited job losses while significantly boosting productivity and supporting India’s long-term growth trajectory, former HDFC Bank chief executive Aditya Puri said at the Mint India Investment Summit in Mumbai on Friday.

Canara Bank, UCO Bank, SBI and other PSU banks fall up to 5% as bond yields rise sharply
Bank of Baroda, Canara Bank, Punjab National Bank, and UCO Bank were among the PSU lenders that witnessed heavy selling in Friday’s session (March 27), reacting to a sharp rise in bond yields.

Banking changes from April 1:Ignoring this could cost you ₹200-800 a year
 

Odisha's Subhadra scheme boosts savings 45%, spending 28%: SBI Research
 

Canara Bank may jump back to ₹158; stock may gain up to 21%: Choice Broking
 

NHB launches Gruh Sugam portal focusing on defence, paramilitary, govt personnel
New Delhi: National Housing Bank (NHB), the apex agency established by the government to promote a cost-effective housing finance system, has launched the Gruh Sugam Portal.

Bajaj Housing Finance hits record low, less than 10% away from IPO levels
 

Credit growth rose 14% in March 15 fortnight
 

Piramal Finance plans to raise ₹15,000 crore through debt issue
Non-bank lender ​Piramal Finance said ‌on Friday it ​would ⁠raise up to ₹15,000 crore ‌through an issue of non-convertible ‌debentures.

MFI guarantee scheme offers relief, but sector faces key challenges
Source Credit: Raghu Mohan, Business Standard

New Delhi: The Centre has moved to offer a Rs 20,000 crore credit-guarantee scheme for micro-finance institution (MFIs). The MFI credit-guarantee scheme - which had been in the works for nearly six months - will kick in on March 20 and remain active until June 30, or when cumulative-guarantee coverage reaches Rs 20,000 crore, whichever is earlier.

Margin calls in gold loans: Avoid borrowing over 50-60% of pledged value
 

Fino PB withdraws resolution seeking shareholders' nod to reappoint CEO
 

Fino Payments Bank CEO Rishi Gupta gets bail in program manager case
The Special Judge for Economic Offences, Nampally, Hyderabad, on Thursday granted bail to Rishi Gupta, MD & CEO, Fino Payments Bank (FPB).

Crypto extends losses amid macro-driven selloff; Bitcoin slips near $68k
 

Long term SIP returns start to disappoint. A part of the blame lies with you
It’s time to take stock of the SIP situation. You see, with every passing day, more and more investors are starting to wonder whether this journey has been worth it. The answer is not straightforward. But then there are some takeaways that are hard-hitting. Even as we dive into this, let me reveal my finding upfront – “SIPs sahi hai. Sometimes.”

ICICI Pru MF reclassifies its thematic advantage FoF; Sebi nod to 6 IPOs
ICICI Pru MF reclassifies its thematic advantage FoF

Gift card for mutual funds offers a timely nudge toward SIPs
The market regulator’s proposal to allow gifting of mutual funds (MF) via a prepaid payment instrument (PPI) can kick off a new way to celebrate significant lifestage moments such as weddings, graduations and birthdays while nudging youngsters to take the MF route to wealth creation. A purpose-locked instrument, it will offer a smarter alternative to cash or store coupons or even jewellery that are the usual gifts on such occasions.  

India to raise Rs 8.20 trillion via bonds in April–September, less front-loaded borrowing plan indicates relief for yields
The Central government will raise 8.20 trillion rupees ($86.38 billion) through bonds between April and September, amounting to 51% of its annual borrowing plan, the finance ministry said on Friday. The share is slightly lower than market expectations, as traders had anticipated borrowing to be between 53% and 56% in the first half of the fiscal year starting April 1. The borrowing programme is also less front-loaded compared to recent years, which could help ease pressure on bond yields that have risen sharply in recent weeks.

India 10-year yield logs biggest weekly surge since RBI's surprise hike in May 2022
Mumbai: Indian government bonds plunged on Friday, capping a week of losses, as New Delhi’s fuel excise duty cut clouded the fiscal outlook, intensified oil-driven anxiety, and drove the 10-year yield to its biggest weekly jump in nearly four years.

Govt to borrow Rs 8.2 lakh crore in H1, Rs 15,000 crore via sovereign bonds
The Centre will raise Rs 8.2 lakh crore, or 51% of the revised annual gross borrowing target of Rs 16.09 lakh crore, from the market in the first half of 2026-27, including Rs 15,000 crore through sovereign green bonds.

Bond yields surge on fiscal worries
Bond yields surged on Friday after the government cut excise duties on auto fuels, sparking fiscal worries alongside inflation pressures from high oil prices and increased state government borrowing supply, said market participants. The yield on 10-year benchmark bond ended at 6.94, up 7 bps from the previous close, the highest since July 2024.  The uncertainty over duration of the ongoing West Asia war has led to further rise in crude oil prices, which hovered around $ 110 per barrel on Friday, up 2.6%.

SoftBank secures $40 billion loan to boost OpenAI investments
SoftBank Group said on Friday it has secured a $40 ​billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate ‌purposes, marking another significant step in its artificial intelligence strategy.