BUSINESS
Counterfeit notes of Rs 500 denomination surged 37% YoY in FY25, shows RBI annual report
The other denominations where fake currency were found were Rs 100 denomination with 51,069 pieces, Rs 200 denomination with 32,660 pieces, and Rs 2000 denomination with 3,508 pieces in 2025, report showed.
BUSINESS
Value of retail CBDC in circulation rose 334% in FY25: RBI annual report
The retail CBDC pilot was started on December 1, 2022. The RBI launched the wholesale pilot of CBDC on November 1, 2022 to settle G-Secs trades using the digital rupee.
BUSINESS
RBI annual report bats for dovish monetary policy, cites benign inflation outlook, moderate growth
The monetary policy committee of the RBI started the rate cutting cycle early this year with 25 basis points (Bps) each cut in February and April policy to support growth.
BUSINESS
Cooling inflation gives confidence of durable alignment over 12-month horizon: RBI annual report
India's retail inflation slowed to 3.16% in April, the lowest since July 2019. Inflation was at 3.34% in March
BUSINESS
IndusInd Bank management was aware of derivatives discrepancies 15 months before disclosure: SEBI
The bank had revealed the numbers on March 10, 2025.
BUSINESS
Short-term debt gets cheaper due to higher surplus systemic liquidity
Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.
COMPANIES
LIC nears stake acquisition in health insurance firm, eyes higher AAA bond investments in FY26
Unlike typical acquisitions where a committee might determine stake size, LIC has opted for internal deliberations to decide the quantum of investment
BUSINESS
Rupee falls 30 paise in afternoon trade amid sell-off in equities
At 2:15 PM, the local currency was trading at 85.4012 against the US dollar, as compared to 85.0912 against the greenback at previous close
BUSINESS
MPC Poll | RBI likely to cut repo rate by 25 bps in June policy
If the central bank cuts the rate in June policy, then it will the third consecutive rate cut after 25 bps cut each in February and April to support growth. Currently, the repo rate stands at 6.00 percent.
BUSINESS
RBI board approves record dividend transfer of Rs 2.69 lakh crore to Centre for FY25
RBI board revised Contingent Risk Buffer to 6.0 percent, ± 1.5 percent of balance sheet size, as against the existing level of 6.5 percent, with a lower bound of 5.5 percent.
BUSINESS
IndusInd Bank taps CD market after two months, gets 50 bps higher rate than peers
IndusInd Bank stayed absent from the primary market after mobilizing heavy funds in March. The lender had ramped up efforts to mobilise certificates of deposit in March to raise more than Rs 16,500 crore through CDs.
BUSINESS
Indian rupee logs biggest single-day gain in over 2 years at close
According to the Bloomberg data, the local currency’s biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day.
BUSINESS
FPIs sell over Rs 4,000 crore of Indian bonds in global indices in just a week as US yields spike
The spread between Indian and US 10-year bonds recently fell to its lowest in over two decades, after the yield on US treasuries spiked over fiscal concerns.
BUSINESS
Banks seeking CRR cut over OMO auctions for liquidity infusion
A 50 bps CRR cut can free up around Rs 1.20 lakh crore worth of banks’ liquidity which lenders can use for lending or parking in money market instruments, thus accruing recurring returns which gets added to the bottomline.
BUSINESS
Call money volumes may not get fillip despite proposed extension in market timings
On May 2, the Reserve Bank of India’s (RBI) working group has recommended the extending of trading timings for the call money market to 7 PM from the current timing of 5 PM. This, to meet the needs of the banks in real-time payment system.
BUSINESS
India, US 10-year bond yield spread narrows to over 20-year low
According to the Bloomberg data, spread is lowest since July 28, 2004, when it was at 135 bps.
BUSINESS
Sebi's Tuhin Kanta says looking into IndusInd Bank case if there are any 'egregious violations'
"...whatever Sebi’s remit is, Sebi is doing. It is RBI’s remit but if there are any egregious violations by anyone in its capacity Sebi is looking into it," said Sebi's Tuhin Kanta Pandey.
BUSINESS
IndusInd Bank to keep selective exposure to large corporate loans, says management
In the reporting quarter, the bank has let go some corporate accounts for balance sheet management and liquidity management. This has led to fall in corporate loan growth, lender said.
BUSINESS
IndusInd Bank in process to take steps to assess roles, fixing staff accountability
Mehta said bank will submit the recommendation of chief executive officers (CEO) names to the Reserve Bank of India (RBI) by June 30.
BUSINESS
PFC to raise 15-20% of Rs 1.4 lakh crore via overseas market in FY26: Chairman Parminder Chopra
The company will raise the funds from overseas market through bonds and syndicated loans, Chopra said.
BUSINESS
PFC flags Gensol loan as fraud over undelivered electric vehicles
PFC invoked bank guarantees and recovered Rs 44 crore, covering payments made for vehicles that were never delivered. The current outstanding dues from Gensol amount to Rs 263 crore.
BUSINESS
MC Interview| Samena Capital commits Rs 500 crore for UGRO Capital's preferential allotment
The board of directors of UGRO Capital on May 20 approved the fund raising of Rs 400 crore through issuance of equity shares by way of rights issue and Rs 914.30 crore via issuance of unsecured compulsorily convertible debentures (CCDs).
BUSINESS
For banks, arbitrage in TREPS market is opening doors to an easy money route
After the first rate cut, banks enjoyed 10 -33 bps increase in treasury income due to the arbitrage in TREPS market, while after the second rate cut, the arbitrage shrunk a bit to 10-18 bps.
BUSINESS
Lenders flag off on draft gold loan guidelines to RBI
According to the RBI’s draft guidelines, lenders have to include appropriate single borrower limits and sectoral limits for loan portfolio against gold collateral, mechanisms to ensure end-use of loans, LTV ratio, valuation standards, and standards of gold purity.
