Companies in India are turning to high-yield bonds and other alternative sources of finance after the removal of taxation benefits on market-linked debentures and debt mutual funds. The move has triggered a demand for private credit funds, alternative investment funds (AIFs), family offices, and high-net-worth individuals (HNIs). Private firms with ratings between BBB and A+ have seen limited appetite among qualified institutional buyers, and that has prompted them to seek funding elsewhere.

In FY 23, Ruloans facilitated the disbursement of Rs 26,000 crores of retail loans. With a vision to achieve a turnover of 2,500 crores by 2026 and disbursements of over 1,00,000 crores Ruloans is poised to expand their partner network to encompass more than 75,000 partners by 2026.

Eqaro’s financial guarantees provide MSMEs with access to working capital, assets & inventory without having to put up collaterals and margin money and, Eqaro’s Rental Bond provides Zero deposit homes to the tenants and takes the uncertainty out of tenancy by covering all the financial risks in the tenancy for the landlords.

Tamil Nadu Industries Minister T R B Rajaa has said that the Fintech City being established in Chennai is expected to bring in an investment of Rs 1,000 crore in its first phase. The state's Chief Minister MK Stalin on Saturday laid the foundation stone of the Fintech City and a Fintech Tower, which is expected to create 90,000 jobs in the state.

The MOU between India and Philippines envisages the constitution of a Joint Working Group (JWG) co-chaired at the undersecretary level from the Ministries of Finance, and comprising senior representatives from Foreign and IT Ministries, Central Banks, financial sector regulatory institutions and other related agencies as members.

The Adani Group is seeking to refinance $3.8bn of loans taken to acquire cement assets and has reportedly started discussions with "at least" five additional international banks to expand its group of lenders. The majority of Adani's existing lenders, consisting of Barclays, Deutsche Bank and Standard Chartered, are anticipated to participate in the refinancing, with the group due to begin meeting with potential new lenders.

From July 1, overseas expenses on credit cards exceeding Rs 7 lakh will be subject to a 20 per cent TCS. However, if such expenses is incurred for medical or educational purpose, the TCS would be levied at lower rate

Reliance Industries has been granted permission by the Reserve Bank of India (RBI) to retain $2bn over its raised $3bn loan in the last fiscal year to use for working capital and expansions in energy and telecoms. The strong demand for the loan saw the company retain more than needed. Lenders from the UK, the US, India, South Korea, Taiwan and Mauritius were involved in the initial loan deal.