Category: Banking & Finance

CIBIL Score: For a long time, there has been a common belief that the CIBIL score matters only for loan and credit card approval. But now the recent discussion in Parliament has made it clear that this score can also play a role in getting a job. Especially in the banking sector, during the recruitment process, […]

IndusInd Bank launched ‘Indus StartUp Banking’ on August 11, 2025, a comprehensive program to support early-stage startups in India. The initiative offers banking facilities, credit and beyond-banking services, including current accounts, API access and premium lounge access. Startups under 10 years old can apply, benefiting from customized solutions and strategic partnerships. IndusInd Bank on Monday […]

Deloitte India has entered into a strategic alliance with Embark to offer end-to-end support to global firms building and scaling their Global Capability Centres in India, covering strategy, operations, infrastructure and governance, a release said on Wednesday. Put simply, global capability centre or GCC, is a strategic offshore unit, where multinational companies brainstorm innovation and […]

Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman presided over the 166th anniversary of Income Tax Day observed by Central Board of Direct Taxes (CBDT), in New Delhi today. Union Minister of State for Finance, Shri Pankaj Chaudhary also graced the event with his presence. Shri Arvind Shrivastava, Secretary, Revenue; Shri Ravi Agrawal, Chairman, […]

What trends are you seeing in MSME credit growth and asset quality this year? Insights from the latest TransUnion CIBIL – SIDBI MSME Pulse Report highlight a very encouraging outlook for the MSME sector, both in terms of credit growth and asset quality. The data shows that MSMEs continue to demonstrate resilience and growing financial […]

Justice, N. Anand Venkatesh refuses to interfere with the inclusion of Zylog Systems Director, Srikanth Parthasarathy in the willful defaulters list. The Madras High Court has refused to interfere with the inclusion of a former Director of Zylog Systems Limited in the list of loan defaulters maintained by Credit Information Bureau of India Limited (CIBIL) […]

Anil Ambani’s legal team also raised concerns over due process, alleging that SBI failed to provide him with a personal hearing and did not furnish relevant documents. Agarwal Law Associates, the Legal Counsel for Anil Ambani, has responded to State Bank of India’s move to classify the Reliance Communications loan account as “fraud,” stating that […]

SBI posted a consolidated net profit of ₹77,561 crores (approximately $9.2 billion) in FY 25. According to Bloomberg data, this places SBI among the world’s most profitable companies, alongside global giants such as Alphabet, Apple, NVIDIA and JPMorgan Chase. State Bank of India (SBI), the country’s largest public sector lender, has emerged as the most […]

India and UK agreed on a free trade pact that gives British firms access to Federal Government contracts in select sectors – covering goods, services and construction – on a reciprocal basis. India is opening up a chunk of its protected Government procurement market to foreign firms, including the U.S, two Government sources said, in […]

RBI is examining shareholding norms and licensing rules for banks, as part of a broader review, Governor, Sanjay Malhotra said. India’s central bank is examining shareholding norms and licensing rules for banks as part of a broader review, Governor Sanjay Malhotra told the Times of India in an interview, less than a month after Japanese […]