Private lenders in south India have nearly doubled their gold loan portfolios over three years, driven by rising bullion prices and persistent demand for secured credit, with Federal Bank leading the surge. Gold lending has become one of the sharpest…
Among small finance banks, Utkarsh Small Finance Bank currently provides the most attractive 3-year fixed deposit rates, with a marginal advantage over AU and Ujjivan, especially for senior citizens, highlighting the importance of comparing final maturity values for large investments.…
Indian banks are surpassing expectations in attracting foreign currency deposits, driven by strong demand from non-resident Indians and favourable schemes, boosting lenders’ stability and funding options amid intense domestic competition. Indian banks are drawing foreign currency deposits at a faster…
Recent Supreme Court decisions in India are prompting insurers to increase reserves as they face potentially higher liabilities for motor accident claims, including compensation for domestic work and claims by family members of policyholders. General insurers in India are likely…
The Reserve Bank of India has unveiled draft guidelines aimed at making loan costs more transparent and consistent, including publishing monthly lending rates and capping charges on microfinance and small loans, with new rules set to come into effect in…
India’s state-backed infrastructure financier NaBFID is planning to raise up to $4 billion through external commercial borrowings to bolster long-term infrastructure projects, amid calls for increased investment to meet the country’s ambitious growth targets. NaBFID is preparing to tap overseas…
Karnataka has approved 83 new industrial projects worth over ₹6,250 crore, with a focus on spreading growth beyond Bengaluru and generating over 30,000 jobs across the state, signalling a significant boost to its industrial ambitions. Karnataka has cleared 83 industrial…
PayU has introduced India’s first RBI-compliant payment checkout designed to enable visually impaired users to complete transactions independently, highlighting a significant step towards inclusive digital payments in India. PayU has launched what it describes as India’s first RBI-compliant payment checkout…
Indian shares are expected to open lower on Thursday amid global cues, MSCI index adjustments, and a busy earnings calendar, with investors weighing inflows and outflows driven by index reshuffles. Indian shares are set for a softer start on Thursday,…
Indian equities are predicted for a muted start on Thursday, with regional gains offset by elevated crude prices and geopolitical tensions, despite supportive global cues and benign inflation data. Indian shares are set for a muted start on Thursday, with…
