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Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   


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2 mins read

Jio Financials gets RBI nod to become Core Investment Company

Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a …

ANI   


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2 mins read

Household savings are choosing mutual funds over banks to invest savings: RBI Governor

The households are choosing the capital markets over the banks to park or invest their savings, hig…

ANI   


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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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3 mins read

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…

ANI   


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1 min read

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major e…

PTI   


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Household debt in India does not pose systemic concern: RBI

Despite the recent increase in financial liabilities, household debt in India is much lower than in…

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3 mins read

Amid growing political uncertainty in Pakistan, IMF expresses concern over its financial stability

The IMF noted that despite a coalition government formed by the alliance of Pakistan Muslim League-…

ANI   


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2 mins read

RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling

As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed …

ANI   


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2 mins read

Finance minister asks for greater push and investment in the manufacturing sector at the CII Annual Summit

Finance Minister Nirmala Sitharaman asked for a greater push to manufacturing sector. Speaking at t…

ANI   


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6 mins read

How 4 Gen Zers are reaching financial independence

Many Gen Z Americans are prioritizing financial savviness, aiming for financial independence and ea…

Noah Sheidlower   


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2 mins read

SBI Caps report highlights optimistic outlook for the Indian economy, despite deteriorating global pitch

State Bank of India (SBICAPS) report titled "Maintaining Momentum on a Deteriorating Global Pitch" …

ANI   


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Indian stocks kick off FY25 on a flyer, indices at fresh peak

Riding on the gains from the previous financial year, Indian stock indices kicked off the new fisca…

ANI   


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3 mins read

FPI's holdings are up by ₹16,990 crore since the inclusion of govt bonds in JP Morgan Index

The Foreign Portfolio Investors (FPIs) are responding positively on inclusion of Indian government …

ANI   


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1 min read

Stable, strong financial system to act as bedrock for economic progress: RBI Governor

Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to …

PTI   


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Monetary Policy Committee keeps repo rate unchanged at 6.5%, confirms RBI governor Shaktikanta Das

The Indian central bank’s rate-setting panel, the Monetary Policy Committee (MPC), has kept the rep…

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2 mins read

Indian economy making solid recovery despite global headwind: RBI Governor Das

Reserve Bank Governor Shaktikanta Das has stated that the Indian economy has made a strong recovery…

PTI   


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3 mins read

FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account

The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…

PTI   


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4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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S&P Global Market raised growth forecast of China, still significantly lower than India

The S&P Global Market Intelligence has upwardly revised GDP forecasts for China in its latest repor…

ANI