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Personal Finance / The Hindu Businessline

City Union Bank, SalarySe partner for a credit card exclusively for salaried employees

The Level Up Credit Card introduces a Salary Day Bonus feature, offering up to 37.5% rewards on salary disbursement days, enabling employees to maximise returns on essential expenses coinciding with payroll cycles

8 Dec 2025 8:28 pm
IDFC FIRST Bank launches upgraded version of its FD-backed credit card

The card is available against an FD from 20,000 and is open to all applicants aged 18 and above

8 Dec 2025 8:02 pm
CBDT sends over 44,000 communications to taxpayers to disclose crypto transaction

Meanwhile, mop up through TDS on transaction of crypto has more than doubled in three years, Finance Ministry data, presented in Lok Sabha showed

8 Dec 2025 7:31 pm
Rate cut, USD/INR buy/sell swap announcements weigh on rupee

Indian currency slips past 90-mark again vs dollar

8 Dec 2025 7:27 pm
Health insurance sector reports strong growth in November driven by GST exemption and rising demand: Nuvama

According to the report, industry gross direct premium income surged 24.1% year-on-year in November 2025, reflecting sustained demand momentum

8 Dec 2025 3:23 pm
ICICI Prudential AMC plans acquisition in private equity space, CEO says

ICICI Prudential AMC Is also awaiting the markets regulator's approval to acquire group company ICICI Ventures as part of its private equity expansion

8 Dec 2025 3:10 pm
IDBI Bank stake sale expected to bridge part of tax shortfall

At the current market price of the bank, the total proceeds from the stake sale are estimated at 63,000 crore

8 Dec 2025 11:04 am
Fino to sell its corporate BC business, aspires to become universal bank eventually: CEO

Fino Payments Bank will re-brand itself as Fino SFB post conversion and double its branch network from 120 currently, over the next 2-3 years, and hire 500-600 employees in the initial years of becoming a SFB.

7 Dec 2025 6:48 pm
Loan Approvals: MNRE shares status of solar PV manufacturing chain with FinMin, NBFCs

This will help financial institutions adopt a calibrated and well-informed approach while evaluating proposals

7 Dec 2025 4:47 pm
IL&FS to initiate process before NCLT to recover 187 cr excess remuneration paid to ex-directors

IL&FS said it will file an application before the NCLT against the erstwhile whole-time directors, who owe nearly 90 per cent of the total dues, and also seek recovery from independent directors of these three companies

7 Dec 2025 3:07 pm
Bajaj Finserv sees consolidated PAT rising 1822% CAGR to 21,00024,000 cr by FY2030

Bajaj Finance plans to enter wealth management business.

7 Dec 2025 2:51 pm
Digitally unified insurance systems can transform Indias healthcare: GIM-WHO study

As India continues to expand subsidised health insurance schemes, the study highlights why unification of data and processes across different stakeholders is essential for improving service delivery

7 Dec 2025 12:35 pm
LIC will become completely digital in next two months: DFS Secretary Nagaraju

Stating that the digital transformation would be similar to what State Bank of India had undergone in terms of various processes, the secretary hinted at a comprehensive set of reforms in insurance whichwill be announced soon

6 Dec 2025 6:50 pm
BoB, Bank of India cut repo-linked interest rate after RBIs policy rate cut, others to follow suit

With cheaper funding, banks can lower lending rates such as MCLR and base rates, making home, auto, and business loans more affordable

6 Dec 2025 10:56 am
PhonePe shuts Pincodes B2C arm, pivots to B2B solutions

It moved travel and transited to the main PhonePe app

5 Dec 2025 8:26 pm
RBIs repo cut to aid consumption, investment and funding cost, bankers say

1 lakh crore OMO purchases along with the 3-year USD/INR buy-sell swap will support liquidity and monetary transmission

5 Dec 2025 7:37 pm
RBI grants in-principle approval to Fino Payments Bank for conversion to a small finance bank

With Finos exit, there are only few operational and large scale payments bank in the country. These include Airtel Payments Bank, Jio Payments Bank and India Post Payments Bank

5 Dec 2025 7:26 pm
Focus now on policy rate cut transmission: RBI Governor

Real interest rates remain high even as nominal rates fall

5 Dec 2025 7:09 pm
MPC cuts repo rate by 25 bps to a 3-year low

Announces lliquidity enhancement measures; ups FY26 GDP projection by 50 bps, cuts inflation projection by 60 bps

5 Dec 2025 6:49 pm
ICICI Lombard, Vastu Housing Finance join hands for insurance distribution

The tie-up will provide Vastus customer base access to two main insurance products

5 Dec 2025 6:38 pm
Vrutti partners with HSBC India to launch FPO Shakti financing facility

India has more than 44,000 registered FPOs, but fewer than one-third can secure formal credit, FPO Shakti addresses this challenge

5 Dec 2025 5:33 pm
India talking to 8 more nations for UPI acceptability: Nagaraju

Unified Payment Interface (UPI) is currently accepted in eight countries -- Bhutan, Singapore, , Mauritius, Nepal, UAE, Sri Lanka and France

5 Dec 2025 3:20 pm
Zaggle to acquire Rio.Money; to invest 75 crore

Zaggle will invest up to 75 crore in Rio.Money, in one or more tranches, to support product enhancement, technology advancement, go-to-market initiatives and expansion of consumer payment offerings

5 Dec 2025 3:08 pm
ED attaches 1,120-cr assets linked to Reliance Anil Ambani Group in YES Bank 'fraud case'

Separately, ED is probing a CBI FIR filed against RCOM, Anil Ambani and associates regarding loans worth 40,185 crore taken between 2010 and 2012

5 Dec 2025 1:22 pm
Russian lenders Gazprombank, Alfa Bank seek India's approval to set up branches, sources say

Both banks have sought a licence from India's central bank to open branches in the country and are expected to make an announcement around the time of Russian President Vladimir Putin's two-day visit to India that began on Thursday

5 Dec 2025 11:25 am
RBI announces liquidity enhancement measures; to conduct OMO purchase and USD/INR buy-sell swap

The RBI has announced that it will conduct OMO purchase auctions of G-Secs for 1 lakh crore in two tranches of 50,000 crore each to be held on December 11, 2025, and December 18, 2025

5 Dec 2025 11:24 am
The Repo Rate cut by 25 bps to 5.25%

The RBI also announced liquidity enhancement measures including, conducting an open market operation (OMO) purchase of Government Securities for 1 lakh crore this month

5 Dec 2025 10:18 am
India may seek bids for $7 billion IDBI Bank stake this month

The bank, once burdened by heavy bad loans, has emerged from a major cleanup, and returned to profitability in recent years after capital support and aggressive recoveries helped it cut non-performing assets sharply

5 Dec 2025 9:54 am
RBI Governor to announce repo rate decision today; economists expect pause, industry eyes cut

Contrasting macroeconomic signals have sparked debate on the direction of the monetary policy

5 Dec 2025 8:53 am
RBI MPC Meeting 2025 Live Updates: Will RBI cut interest rates?

RBI MPC 2025, RBI Monetary Policy Meeting Outcomes, RBI MPC Meeting December 2025 News & Live Updates: Here are the major live updates related to the latest bi-monthly RBI Monetary Policy Committee meeting.

5 Dec 2025 7:31 am
RBI asks Banks to have systems to monitor and address risks emanating from exposure to ultra-large borrowers

While banks may define their own criteria for identifying an ultra-large borrower, they shall also consider the overall indebtedness of such entities to the banking system, as per RBI directions

4 Dec 2025 10:13 pm
Revised BSBD A/c norms: Provision of digital banking and no fee on ATM card

This may prompt conversion of some SB A/Cs into BSBD A/Cs

4 Dec 2025 8:49 pm
RBI revises prudential norms for foreign bank branches, LEF and intragroup exposure rules

Banks must now strengthen concentration-risk policies for single counterparties, interconnected borrowers and sectoral exposures, with specific provisions to identify ultra-large borrowers.

4 Dec 2025 8:37 pm
Rupee recovers to close at 89.97 against the US dollar

Factors such as continued FPI outflows from the equity markets, importer demand, lack of visibility on a trade deal with the US, widening trade deficit, and restrained RBI intervention continue to affect the Indian currency

4 Dec 2025 8:30 pm
IFFCO-TOKIO GIC ties up with cooperatives for micro insurance

Drawing inspiration from IRDAI initiatives, IFFCO-TOKIO GIC now targets under-covered communities while continuing to offer a range of retail and corporate insurance products, including motor, health, travel, home, and personal accident policies.

4 Dec 2025 5:59 pm
RBI set to announce policy decision as markets eye potential rate cut

Market participants are closely watching whether the RBI will cut the repo rate from its current 6.5%, amid easing inflation and expectations of a US Federal Reserve rate cut next week

4 Dec 2025 2:54 pm
Bitcoin miners rob Malaysia of electricity worth $1 bn; govt intensifies hunt

Malaysia recorded about 14,000 illicit mining sites over the past five years

4 Dec 2025 1:14 pm
Implement wage settlement without delay, demand Nabard employees

Tell Nabard management and the Department of Financial Services that its patience is wearing thin

4 Dec 2025 12:03 pm
LIC launches Protection Plus, Bima Kavach plans

Protection Plus is a non-par, linked, life, individual savings plan, which offers life insurance cover-cum-savings throughout the term of the policy

3 Dec 2025 8:44 pm
RBI approves Vikram Sahu as CEO of Bank of America in India for 3 years

This is in addition to his current responsibilities as India Country Executive

3 Dec 2025 8:06 pm
Rupee breaches 90/dollar mark to record low

The 32 paise drop represents a nearly 5 per cent depreciation this year, raising concerns among economists

3 Dec 2025 7:53 pm
Bitcoin rises to two-week high even as crypto market remains on shaky ground

Bitcoin climbs as much as 2.5% to about $93,900, its highest intraday level since November 17

3 Dec 2025 12:38 pm
Govts OFS of Bank of Maharashtra shares gets bumper response from non-retail investors

The OFS saw non-retail investors put in bids that were about four times the offer size of 34.61 crore equity shares at an indicative price of 55.52 per equity share

2 Dec 2025 9:33 pm
SBI, HDFC Bank, ICICI Bank continue to be identified as Domestic Systemically Important Banks: RBI

D-SIB designated banks have to maintain additional common equity tier 1 (CET1), in addition to the capital conservation buffer

2 Dec 2025 8:47 pm
Fintechs secure PA-CB licences to drive cross-border payments

Razorpay received the Reserve Bank of Indias PA-CB licence, enabling it to facilitate both inward and outward cross-border transactions

2 Dec 2025 7:34 pm
Foreign holding in SBI, BoB, 3 more PSBs down, govt says no plan to raise the limit

The Minister of State in Finance Ministry, Pankaj Chaudhary, said in a written reply that no proposal on merger or disinvestment of PSBs is under consideration of the government

2 Dec 2025 7:11 pm
FM seeks stronger global coordination on digitalisation, new financial products and tax transparency

Speaking at the 18th Global Forum Plenary on Transparency and Exchange of Information for Tax Purposes, she stressed that confidentiality, cybersecurity and timely information-sharing demand joint action

2 Dec 2025 5:26 pm
Chander takes charge as MD of LIC

LICs top tier comprises of the CEO & MD, and four MDs

2 Dec 2025 5:20 pm
Carlyle said to eye stake in Nido Home Finance Ltd

Carlyle expects to write bigger checks in India as it looks to take majority stakes in companies and build platforms to consolidate businesses

2 Dec 2025 12:00 pm