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FINANCE SECTOR
Senior citizens FD interest rates up to 8.3%: SBI, HDFC Bank, PNB, ICICI Bank, Axis Bank and moreHighest FD interest rate: Senior citizens seeking lucrative returns on their savings can now explore attractive fixed deposit options. Smal...
Gujarat govt to unveil New Industrial Policy 2026 on June 15Gujarat is set to launch its Industrial Policy 2026 on June 15, aiming to accelerate growth, attract investments, and foster innovation. Th...
Haryana approves Rs 913-cr power infrastructure expansionHaryana's power sector is set for major upgrades. The state has approved additional infrastructure works worth over Rs 900 crore under the ...
Default clouds hover over microfinance as industry flags weak monsoonIn the evolving world of India's microfinance sector, fresh credit risks are emerging on the horizon. The dual challenges of an unsteady mo...
Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...
Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
Syndicate Finance bridges the execution gap for India's export-ready textile manufacturersAs India cements its position in global apparel supply chains, structured lending is emerging as the critical enabler and Syndicate Finance...
BRICS agriculture ministers begin deliberations in Indore on food security, small farmers' welfareBRICS agriculture ministers are meeting in Indore. India is chairing the two-day event. Key discussions focus on food security. The welfare...
HFCs emerge stronger after FY26 stress, asset quality recovers sharply; sector better placed for FY27: ReportHousing finance companies have emerged stronger after facing challenges. Asset quality has improved significantly. Loan growth is picking u...
Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...
Credit guarantee scheme for MFI 2.0 gets extensionThe Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees ...
President approves merger of REC with Power Finance CorporationThe President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in...
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMinThe Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen over 1 lakh guarantees issued, totaling Rs 48,484 crore in just one month. ...
Pvt sector reposing faith in economy, capex cycle showing signs of revival: Punjab National Bank CMD Ashok ChandraPrivate sector investment is reviving. Companies are borrowing more for expansion and infrastructure. Punjab National Bank (PNB) sanctioned...
Nvidia, Broadcom, Micron stocks crash: Why are tech shares down today?Nvidia, Micron, Broadcom stocks: There has been high volatility in the tech sector in the Wall Street.
Global watchdog calls for tighter controls on agentic AI in financeThe Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate r...
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
Finance Minister to review flagship schemes with state-owned banks, RRBs in West Bengal: SourcesFinance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet wit...
FM Sitharaman discusses ways to boost growth with Bengal CMThe meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, also dwelt on improving the credit ...
Jobs outlook may cool down in Sept quarter amid economic woesIndia's employment outlook is set to soften in July-September 2026, with 59% of employers anticipating hiring increases, down from 74% in t...