Category: Banking

Marking a decade of the scheme, Prime Minister Narendra Modi Tuesday said that more than Rs 33 lakh crores of collateral-free loans have been sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) aimed at empowering individuals to showcase their entrepreneurial skills. He interacted with select beneficiaries at his residence in Delhi and said it has […]

New Banking System: The Reserve Bank of India (RBI) on Friday decided to launch a dedicated Internet domain ‘bank.in’ for Indian banks and ‘fin.in’ for non-bank financial institutions to curb cyber security threats. RBI announce new Bank Domain: RBI Governor, Sanjay Malhotra has announced the launch of a special ‘bank.in’ Internet domain for Indian banks to […]

In 2025, the Reserve Bank of India (RBI) implemented a series of robust guidelines to enhance the transparency and efficiency of CIBIL score management. These reforms aim to empower individuals by ensuring quicker updates, prompt notifications and improved accessibility to their credit history. By understanding these changes, borrowers can make well-informed financial choices and exercise […]

As we welcome the New Year, significant changes are on the horizon, including the RBI’s revised regulations for fixed deposits and modifications to the credit card offerings from certain issuers. Furthermore, this period typically prompts many employers to ask their employees for proof of tax-saving investments made during the financial year.  Starting January 1, 2025, […]

Credit scores play a crucial role in our financial lives, impacting loan approvals, interest rates, and even credit card limits. However, concerns are growing about the transparency of these scores and the methodologies used to calculate them. Recent cases highlight instances where individuals with clean repayment histories faced unexpected credit score drops or were denied […]

Bank of Baroda (BoB) plans to open 600 new branches over the next two to three years as part of its goal to double its business (deposits and advances) to ₹48 lakh crore within five years. This expansion aligns with BoB’s strategy to emphasize loans to the retail, agriculture, and MSME (RAM) sectors, further strengthening […]

Markets regulator, Sebi is expected to take steps to rein in the retail frenzy in F&O trading in a board meeting on Sept 30. These decisions could include tightening of rules for the speculative futures & options segment of the market and stricter margining system. The Sebi board is also expected to give its nod […]

JP Morgan CEO Jamie Dimon, in an interview, highlighted global economic concerns, particularly the persistence of inflation and geopolitical risks. He emphasized the importance of geopolitical factors over financial markets in shaping the future, while acknowledging the strength of the US economy. Dimon also expressed optimism about India’s economic progress, citing reforms like Aadhaar and […]

BSE has warned merchant bankers that sometimes discrepancies have come to light, and that due diligence based on SEBI guidelines needs to be followed. In a potential sign that stock exchanges are tightening regulations on SME issuers, the BSE has cautioned that merchant bankers should conduct thorough due diligence before submitting draft papers, according to […]

Balance-level delinquencies in credit card segment stood at 1.8% in Q1FY25 – highest among all other credit divisions. Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25). In all other credit segments, including personal loans, delinquencies declined even as retail credit […]