ICICI Bank has issued a warning to customers about increasing online loan scams that lure victims with false promises of instant approvals and minimal checks, using fake websites, cloned apps, and social media outreach to steal personal data and funds.…
The Finance Industry Development Council prepares to oppose the Reserve Bank of India’s draft proposal to ban revolving credit products for non-bank finance companies, citing risks to liquidity and MSMEs. The Finance Industry Development Council is preparing to tell the…
Despite increased health awareness during the pandemic, India’s health insurance industry struggles with trust deficits, highlighting deep-seated structural and operational issues that threaten sector growth and consumer confidence. Despite the rise in health awareness during the pandemic, India’s health insurance…
Industry groups in India are lobbying for reforms to GST regulations, aiming to reclaim input tax credits on construction and operational costs for data centres, warehouses, and employee benefits, to boost competitiveness and investment. Industry groups are pressing New Delhi…
The Indian government is revising pension policies to better reflect evolving social realities, introducing new family pension rules, support measures, and digital reforms to improve accessibility for retirees and their families. The government will keep revisiting pension rules as social…
Understanding lender requirements, organising essential documents, and managing credit profile can significantly enhance the likelihood of swift personal loan approval. A personal loan can offer a quick way to cover planned expenses or unexpected costs without putting up collateral, but…
India’s securities regulator, Sebi, has implemented a comprehensive overhaul of the mutual fund registration process, introducing a single application form and tighter eligibility standards to enhance transparency and investor protection. Sebi has overhauled the way mutual funds are registered in…
The Reserve Bank of India has overhauled its external commercial borrowings framework, expanding eligibility and easing regulations to facilitate easier overseas funding for Indian companies, effective from February 2026. India’s central bank has loosened its rules on external commercial borrowings,…
India’s power regulator introduces measures allowing renewable project developers to extend grid connectivity rights via daily charges, while tightening rules against capacity hoarding, potentially freeing up 15.7GW of transmission capacity and accelerating the country’s clean energy target. Shares in Suzlon…
India’s regulator SEBI is taking a cautious, data-driven approach to assess the impacts of the new Common Account Statement (CAS) system, as it gathers feedback and explores technological innovations like AI to ensure market stability and attract foreign investment. Tuhin…
Despite a series of holidays around the Onam festival, banks in Kerala are set to stay open from August 25 to 28, with digital banking services likely unaffected, though branch operations may face delays. Banks in Kerala will not be…
India’s Income Tax Department has introduced a time-limited scheme enabling small taxpayers to regularise unreported foreign assets and income, aiming to boost compliance and reduce disputes before stricter enforcement begins. India’s Income Tax Department has opened a time-limited route for…
