Post stake acquisition, SMBC would not be treated as a promoter of YES Bank, but would be its largest shareholder, the central bank said

Shareholders approved a proposal for raising funds via NCDs and CPs aggregating 1500 crore and 1000 crore, respectively, the move is aimed at diversifying sources of funding and reduce cost of borrowing

Speaking at the Feds annual research conference, Musalem noted that inflation remains above the central banks 2% target and could move higher, while risks to the labor market have yet to materialise.

The inflation target can be changed from 4% to 4.5-5%, say experts

New product aimed at aspiring homeowners in the lower to mid income segment

Over the past few years, the company has evolved from being a purely people-led service provider to a people-plus-technology business, building AI solutions to complement its domain expertise

This appointment comes as the current ex-officio member of the MPC Rajiv Ranjan, ED, will be retiring September-end

The move is part of long-term strategy to change the loan mix after RBI relaxed the qualifying assets criteria for NBFC-MFIs

The RBI highlighted that India's experience with inflation targeting is unique compared with other countries. This is because more than half of the consumption basket in India consists of food and energy items

The report said that the gross NPA (GNPA) ratio also showed an improvement, falling to 2.3% in Q1FY26 compared to 2.7% a year ago

Kumar, who took charge after the banks reconstruction in March 2020, was reappointed in 2022 for a three-year term

This comes at a time when banks are having healthy deposit inflows even amid deposit rate cuts and credit growth has slowed

The Centre has been established with an objective of strengthening the MSME ecosystem through capacity building, research, and industry collaboration, thereby contributing to Indias vision of becoming a developed nation

Pandey stressed that reforms must actively support faster capital formation while ensuring long-term investor engagement

A surge in derivatives trading, which has also been driven by retail investors, has prompted the markets regulator to limit the number of contract expiries and increase lot sizes to make such trades more expensive

In a major reversal of its stance towards digital assets, Chinas State Council plans to approve new yuan internationalisation plan later this month

The new service addresses information overload faced by institutional investors by allowing them to listen to research summaries while commuting or during other activities

While the removal of GST will directly benefit policyholders, aspects such as input tax credit for insurers need further clarity.

Rao emphasised that regulatory policy in the financial sector must strike a balance between the critical need for stability and objectives of fostering innovation, efficiency, and competition.

Inflation is expected to inch up going forward, uncertainty looms over private investment due to global tensions

The RBIs rate-setting panel has cumulatively cut the repo rate by 100 bps from 6.50 per cent to 5.50 per cent during the February to June 2025 period

Belstar Microfinances overall loan book stood at 7,706 crore as on June end.

Gold loan portfolio accounted for 4,153.70 crore, or 92.7 per cent of the total AUM.

PNB has become the first Public Sector Bank in India to migrate its corporate website to the secure .bank.in domain, reaffirming its commitment to safe and secure digital banking for its customers

The agreement aims to createnew opportunities for Indian businesses to contribute to Africas growth story and strengthen bilateral economic ties

Up to 5 per cent of the notified amount of sale will be reserved under the Non-Competitive Bidding Facility in the auctions of government securities

Available in three variants ELITE, PRIME, SimplySAVE

The rupee closed at 87.35 per dollar, up 20 paise versus previous the close of 87.55

There are no concessions on medical/health requirements, according to LIC

The dual-network card pair ensures acceptance across domestic, international and UPI transactions

Higher concentration of transactions amongst a handful of TPAPs (third party application provider) may stifle India centric Fintech innovation going forward

The report highlighted that average daily transactions rose from 75,743 crore in January to 80,919 crore in July