Category: Banking & Finance

The Reserve Bank of India (RBI) is considering easing investment norms for regulated entities (REs) in alternative investment funds (AIFs), following earlier restrictions aimed at financial discipline. A draft proposal suggests capping a single RE’s contribution to an AIF scheme at 10% of its corpus, with a 15% ceiling for all RE investments in a […]

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In 2004-05, Pakistan’s GDP was $132 billion, while Tamil Nadu’s GSDP was only $48 billion. By 2023-24, Tamil Nadu’s GSDP has nearly equalled Pakistan’s GDP, reaching $329 billion, highlighting a growing economic divergence. Pakistan’s economic position, […]

Banks advised to expedite the resolution process by minimizing delays in filing CIRP applications. Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a review meeting today to monitor the progress of Public Sector Banks in clearing pending cases for admission at National Company Law Tribunal (NCLT). The review entailed a follow up on […]

Sumitomo Mitsui Banking will either buy less than 26% in Yes Bank and do a merger through a share swap or buy up to 26% and launch an open offer. Apart from SBI, other Yes Bank shareholders include Axis Bank, Kotak Mahindra Bank and HDFC Bank. Japan’s Sumitomo Mitsui Banking Corp. (SMBC) has secured Reserve […]

Congress spokesperson, Supriya Shrinate alleged that Union Bank of India placed an order for two lakh copies of a book authored by Subramanian, who had earlier served as Chief Economic Adviser to the Union Government. The Congress on Tuesday (May 6, 2025) claimed that Narendra Modi Government abruptly terminated K.V. Subramanian’s tenure as India’s Executive Director at […]

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 […]

Uday Kotak warns that India’s economic ‘animal spirits’ are fading as young business families focus more on investments than building companies. He urges policymakers to address the impact of US policies pulling foreign capital away. Kotak stresses the need for a national strategy to counter this challenge and navigate the current economic environment. Uday Kotak, […]

Barely a month after the Reserve Bank of India (RBI) warned of a contagion, lenders, especially non-bank financiers, have also started witnessing stress in their collateral-backed secured loan books. Early signs of stress are visible in micro-loans against property (micro-LAP), and lending for two-wheelers and some other vehicle categories, according to experts. It is more […]

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2025-GST, clarifying the procedure for handling Departmental appeals related solely to interest and penalties under Section 128A of the Central Goods and Services Tax (CGST) Act, 2017. Kind attention is invited to the Section 128A of the Central Goods and Service Tax […]

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 […]