Finance News
IBC has shifted balance of power in favour of creditors, investors: IBBI ED
Insolvency and Bankruptcy Board of India Executive Director Jithesh John observed that there was a noticeable improvement in credit discipline with 30,310 cases settled prior to admission
 "IBC has shifted balance of power in favour of creditors, investors: IBBI ED")
Over 30K IBC cases settled pre-admission covering ₹13.78 trillion: Ibbi
Citing a study by IIM Ahmedabad, John said creditors in resolved cases realised 32 per cent of admitted claims and 168 per cent of liquidation value
BS Poll: RBI FY25 surplus transfer likely to be higher than previous fiscal
RBI may transfer a higher surplus in FY25 as gains from dollar sales and interest earnings strengthen its financials, exceeding last year's ₹2.1 trillion payout
 "BS Poll: RBI FY25 surplus transfer likely to be higher than previous fiscal")
RBI mandates reporting of digital lending apps via CIMS portal from May 13
RBI directs regulated entities to upload digital lending app data on the CIMS portal by June 15 to enhance transparency and streamline digital lending regulations
 "RBI mandates reporting of digital lending apps via CIMS portal from May 13")
Rupee regains its ground against dollar snapping three day losing streak
The rupee recovered 34 paise against the dollar as RBI stepped in via state-run banks while bond yields eased after strong OMO auction demand calmed sentiment
 "Rupee regains its ground against dollar snapping three day losing streak")
Indian Rupee reverses early losses; snaps three-day fall to end at 85.38/$
The domestic currency closed 34 paise higher at 85.38 after ending at 84.72 against the greenback on Thursday
 "Indian Rupee reverses early losses; snaps three-day fall to end at 85.38/$")
India Rupee extends fall as border tensions rise; opens lower at 85.84/$
The domestic currency opened 12 paise lower at 85.84 after ending at 84.72 against the greenback on Thursday, according to Bloomberg data
 "India Rupee extends fall as border tensions rise; opens lower at 85.84/$")
India-Pak face-off: Rupee logs worst day in over 2 yrs, erases 2025 gains
The rupee fell 1.03 per cent, bond yields rose 6 bps and equities declined as India retaliated to missile attacks by targeting Pakistani air defence systems
 "India-Pak face-off: Rupee logs worst day in over 2 yrs, erases 2025 gains")
Porter raises $200 mn in Series F round led by Kedaara and Wellington
Porter has raised $200 million in a Series F round led by Kedaara and Wellington to scale operations, deepen impact on MSMEs, and build a green logistics network
 "Porter raises $200 mn in Series F round led by Kedaara and Wellington")
RBI removes short-term investment limits for FPIs in corporate debt
The RBI has removed short-term and concentration limits on FPI investments in corporate debt to ease access and deepen market participation
 "RBI removes short-term investment limits for FPIs in corporate debt")
DFS tells public sector banks to speed up CIRP filings, cut delays at NCLT
The Department of Financial Services has urged public sector banks to reduce procedural delays in insolvency filings and improve resolution timelines under the IBC
 "DFS tells public sector banks to speed up CIRP filings, cut delays at NCLT")
A, BBB-rated NBFCs face sharper slowdown amid asset quality stress
Lower-rated NBFCs face increased credit cost, lagged funding relief and rising losses in unsecured segments as overall loan growth slows down, says India Ratings
 "A, BBB-rated NBFCs face sharper slowdown amid asset quality stress")
Indian Rupee logs worst session since Feb 2023; ends 1.03% lower at 85.72/$
The currency depreciated by 1.03 per cent in today's session, making it the worst day since February 6, 2023
 "Indian Rupee logs worst session since Feb 2023; ends 1.03% lower at 85.72/$")
Currency paradox: Rupee's gain aids macro outlook; risks India Inc earnings
The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback
 "Currency paradox: Rupee's gain aids macro outlook; risks India Inc earnings")
RBI bumper payout to help offset shortfall in tax revenues, say analysts
Kotak Mahindra Bank expects RBI to transfer up to ₹3.5 trillion to the government, while IDFC First Bank estimates the dividend at around ₹3 trillion for the fiscal year ending March
 "RBI bumper payout to help offset shortfall in tax revenues, say analysts")
Rupee recovers to open stronger at 84.65/$; India-Pak tensions in focus
The domestic currency opened 38 paise higher at 84.65 after ending at 84.83 against the greenback on Wednesday
 "Rupee recovers to open stronger at 84.65/$; India-Pak tensions in focus")
Exim Bank withdraws planned 10-yr bond issuance over high yield demands
The bank had planned to raise Rs 2,500 crore through 10 year bonds. The base issue size was Rs 500 crore and the green shoe option was Rs 2,000 crore
 "Exim Bank withdraws planned 10-yr bond issuance over high yield demands")
AI regulation needs global cooperation, not isolated moves: Sitharaman
Speaking in Milan, Finance Minister calls for common global framework for the technology
 "AI regulation needs global cooperation, not isolated moves: Sitharaman")
Amid India-Pak tensions, rupee sees steepest 1-day drop in a month
The rupee fell 0.47 per cent intraday amid rising India-Pakistan tensions and a stronger dollar index, before recovering partially on likely RBI-backed intervention
 "Amid India-Pak tensions, rupee sees steepest 1-day drop in a month")
RBI framework suggest impact analysis before finalising regulations
RBI's new framework proposes mandatory public consultation, impact analysis, and periodic review for significant regulations, promoting transparency in rule-making
 "RBI framework suggest impact analysis before finalising regulations")
