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INDIA FORMAL CREDIT PENETRATION
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...- Formal retail credit access doubles over past decadeIndia’s formal retail credit market has expanded sharply over the past decade, with credit access rising from 35% of consumers in 2017 to 7...
- CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...
- RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banksThe Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through...
- Kirti Kulhari, R Madhavan & Amitabh Bachchan co-star, lost Rs 2.4 lakh in credit card fraud despite never sharing her PINKirti Kulhari Loses Rs 2.4 Lakh In Fraud: A night out at the movies turned into a scramble to save her bank account, after actor Kirti Kulh...
- Reckitt's India business grows in high single-digitReckitt reported high single-digit growth for its India business during the April-June quarter. Germ protection, intimate wellness, and hou...
- BlueStone, SafeGold launch platform to convert household gold into digital gold, earn annual returnsSafeGold and BlueStone have partnered to convert idle physical gold into digital assets. Consumers can now lease their digital gold and ear...
- 5 credit cards with complimentary airport lounge access without any minimum spend criteria in 2026: One of them is lifetime freeLooking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or internation...
- Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform pushIndia's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...
- India's growing Rs 100 crore club tells a bigger tax storyMore than five hundred taxpayers disclosed incomes exceeding one hundred crore rupees for the current fiscal year. This growth reflects ris...
- Sam Altman eyes South Korea as testbed for OpenAI's first hardware deviceOpenAI's CEO is keen to test its inaugural hardware in South Korea, aimed for release by the first quarter of next year. This innovative sc...
- Alternate fuel penetration in Indian CV industry to touch 40-45% by FY30: ICRAThe rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy ...
- Credit card rewards are changing: Here's how travellers and reward seekers can maximise points and milesBanks increasingly reward engagement rather than ownership. Issuers want your premium card to become your preferred spending instrument, as...
- Army seeks indigenous drone-radars to see through dense foliageThe Indian Army seeks indigenous drone-mounted radars for detecting terrorist movement. These systems will penetrate dense forests and thic...
- AI-led underwriting is the missing link in India’s MSME credit storyIndia’s MSME credit gap sits at Rs 25-30 lakh crore. Of the 87 million registered MSMEs, only 36 million have ever taken a formal loan.
- Bank credit growth eases to 17.7% in fortnight to July 15Bank credit growth saw a slight deceleration to 17.7 percent year-on-year. Deposit growth also moderated to 12.7 percent in the same period...
- EV penetration may rise to 10-12% of total sales in FY27: Ind-Ra reportIndia's electric vehicle sales are projected to reach ten to twelve percent this fiscal year. E-two-wheelers will drive this adoption, supp...
- Vikas Khemani’s Carnelian Asset Management receives SEBI approval for mutual fund businessCarnelian Asset Management & Advisors, founded by market veteran Vikas Khemani, received SEBI approval to launch its mutual fund business. ...
- Trade, NBFC credit to remain fastest-growing lending segments: ReportTrade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisatio...
- Govt explores linking land records with ULI for faster farm creditThe Department of Land Resources is exploring digital land record integration with ULI. This initiative aims to provide faster and secure i...
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