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IMF EXTENDED CREDIT FACILITY
Delhi EV buyers get single-window charging push, wider charging network under new policyDelhi's new EV policy aims to boost electric vehicle adoption with a single-window clearance for charging stations and encouragement for ho...- RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
- Bank credit to industry grows at robust 17.5% in May: RBIIndian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by ...
- Fintechs capture 57% share of small personal loans as stress mounts: RBI reportFintech lenders now dominate India's small personal loan market, holding over half of loans under Rs 50,000 by March 2026. This rapid expan...
- Credit guarantee of Rs 13 lakh cr to micro, small cos in last few yrs; delayed payments under lensThe government has provided substantial credit guarantees, totaling Rs 13 lakh crore, to micro and small enterprises, significantly boostin...
- Digital India to power India's growth story with AI, chips and DPI: MeitYIndia is poised for a digital leap, with AI, semiconductors, and indigenous manufacturing set to drive economic growth. Building on a decad...
- Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...
- DGFT extends enhanced export insurance cover for West Asia shipments till September 30Indian exporters shipping to West Asia will benefit from extended enhanced insurance cover against payment defaults until September 30, 202...
- India's external debt rises to $762.8 billion in FY26, debt-to-GDP ratio climbsIndia's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. T...
- 5 silent reasons banks slash your credit card limit without warning
- India-Seychelles conclude umbrella line of credit agreement worth Rs 1250 croreIndia and Seychelles have solidified their partnership with a Rs. 1250 crore line of credit for development projects and an extradition tre...
- Govt to launch affordable cloud-based hospital management system for small clinics on Jun 29A new, affordable cloud-based Hospital Management Information System, e-Sushrut clinic, is set to launch for small healthcare facilities. D...
- Banks' credit steady at 17.7%, deposits ease to 12%: RBIBank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...
- Govt extends deadline for bids under Rs 7,280-crore rare earth magnet schemeIndustry demands have prompted the Ministry of Heavy Industries to extend the bidding deadline for its rare earth permanent magnet incentiv...
- Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reportsVenezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts follow...
- 'Growth momentum solid,' IMF says, backing Fed's wait-and-see approachThe U.S. economy is showing robust growth, with first-quarter GDP revised upwards to 2.1%. The International Monetary Fund anticipates infl...
- Government extends deadline for rare earth magnet manufacturing tenderThe Ministry of Heavy Industries has extended by one month the deadline for the global tender under India’s rare earth permanent magnet inc...
- Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...
- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...
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