RBI plans to ask banks to follow stricter rules for gold loans
Gold loans in India have been growing rapidly, increasing by 50% since September 2024, which is faster than the growth of overall loans. As...
Odisha Withdraws Ban, Allows HDFC, ICICI, Axis Bank to Handle State Business Again
The Odisha government has reversed its decision and will now allow HDFC Bank, ICICI Bank, and Axis Bank to manage the money and accounts...
India gets 4th set of swiss bank account details under the agreed framework
As part of the annual automated information exchange, under which Switzerland has exchanged information with 101 countries about roughly 34 lakh financial accounts, India...
RBI Policy Live Updates: EMIs set to rise as RBI hikes repo rate by...
In response to persistently high inflation, the Reserve Bank of India (RBI) announced a 50 basis point increase in the repo rate on September...
SBI & HDFC Entered Into Top 100 Global Banks By Total Assets : S&P...
SBI and HDFC have been featured in recent rankings by S&P Global Market Intelligence. SBI and HDFC are the only Indian banks ranked among...
MUFG to Acquire 20% Stake in India’s Shriram Finance for Rs 39,600 Crore
Japan’s largest bank group, MUFG Bank, is investing a huge amount of money—₹39,618 crore (about $4.4 billion) in Shriram Finance, an Indian non-banking finance...
RBI Steps In: New Relief Measures for Exporters Facing Tariff Pressures and Their Lenders
The Reserve Bank of India (RBI) has introduced special relief measures to help exporters who are struggling because of higher global tariffs and trade...
AU Small Finance Bank hit their 52-week lows in intraday trade
On Wednesday, February 19, 2025, several stocks hit their 52-week lows in intraday trade on the BSE. AU Small Finance Bank experienced a notable...
RBI’s latest guidelines on inoperative accounts and unclaimed deposits in banks
RBI has announced new rules to make it easier for people to reactivate old/inactive bank accounts or claim unclaimed money. RBI said that these...
World Bank extends unconditional loan of $250 million for SALT project in Andhra Pradesh
The World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra's Learning Transformation (SALT) project in recognition of the...