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Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global

Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…

ANI   


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SBI raises lending rates by 5 to 10 basis points; New loans to cost more

The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…

ANI   


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4 mins read

DMK vows to repeal CAA if INDIA bloc is voted to power

Tamil Nadu's ruling DMK, a key constituent of the INDIA bloc, in its manifesto released on Wednesda…

PTI   


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RBI announces auction sale of Govt. securities of ₹32,000 crore

The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs …

ANI   


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5 mins read

Hyundai IPO review – Everything you need to know about India’s biggest IPO

Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai Motor Company is all …

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3 mins read

Healthcare in India faces massive strain as costs rise by 14% annually; most expenses paid out-of-pocket

Kidney disease has emerged as a growing concern in India, with Delhi being identified as the kidney…

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Bajaj Housing Finance IPO booked over 4x on the second day. Should you jump aboard this ship?

While the allotment is expected to be finalised by September 12, the listing on NSE and BSE will te…

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RBI imposes penalties on three housing finance companies for non-compliance with directions

The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…

ANI   


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Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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India's most wanted borrower Vijay Mallya gets sentenced to 4 months in jail

The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a c…

PTI   


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DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024

Under Fund of Funds for startups, Rs 805.86 crore was invested in the startups by supported AIFs (A…

PTI   


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Borrowers with multiple personal loans a big risk to profitability of banks and NBFCs

Raging inflation is not just burning a hole in the pockets of consumers. It is also impairing the a…

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ICRA forecasts slowdown in India's economy: GDP growth expected to hit six-quarter low in Q1 FY2025

In a rather dampened forecast for the Indian economy, ICRA has forecast a sharp slowdown in India's…

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Indian markets an oasis of safety amid global volatility in recent years: Anand Rathi report

The Indian stock markets have emerged as an oasis of safety in amidst the volatility of global fina…

ANI   


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Budget for world's fastest growing economy: Key numbers to be watched

Finance Minister Nirmala Sitharaman will be presenting her fifth Budget that may do a tightrope wal…

PTI   


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Inflation is making Indian companies borrow more – that's bad news when interest rates are high

The interest rates were increased for the first time since 2018, ending an era of low interest r…

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Goa, Haryana, Kerala, and Telangana among nine states eligible to borrow another ₹23,523 crore having completed PDS reforms

The Centre has granted permission of reform-linked borrowing worth Rs 23,523 crore to nine states.

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S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…

PTI   


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Vedanta Resources pays $400 million debt, borrowings down to $6.4 billion

Vedanta's gross debt as of today stands at USD 6.4 billion, down from USD 6.8 billion at the end of…

PTI