Banking

YES BANK Hosts Export Conclave 2025 in Collaboration with WTC Mumbai

YES BANK, India’s sixth-largest private sector bank, joined forces with the World Trade Center (WTC) Mumbai to host the prestigious Export Conclave 2025 at YES BANK House. The event served as a significant platform for exporters, industry leaders, and government...

RBI Reverses Higher Risk Weights on Bank Loans to NBFCs and Microloans

The Reserve Bank of India (RBI) has decided to reverse its 2023 decision to increase risk weights on bank loans to non-banking financial companies (NBFCs) due to the slowdown in bank credit growth. This move, effective from April 1, 2025,...

SBI Cuts India’s FY25 GDP Growth Forecast to 6.3%

India’s economic growth is expected to slow down in the fiscal year 2024-25, with the State Bank of India (SBI) revising its GDP growth estimate to 6.3%. This is lower than the Reserve Bank of India's (RBI) projection of 6.6%...

Muthoot Finance Gets RBI Nod to Open 115 New Branches

Muthoot Finance, India's leading gold loan non-banking financial company (NBFC), has secured approval from the Reserve Bank of India (RBI) to expand its branch network by adding 115 new branches across the country. This expansion aligns with the company’s focus...

Axis Bank Launches 9th Evolve Edition

Axis Bank has launched the 9th edition of its knowledge-sharing seminar, Evolve, to help Micro, Small, and Medium Enterprises (MSMEs) adapt to the changing business landscape. This year’s theme, "Future-Proofing MSMEs for the New-Age Business," highlights the need for digital...

Corporate Profits Jump 15.3% in FY24 Despite Slow Sales: RBI

Indian corporate profits witnessed a strong rise of 15.3% in FY24, even as sales growth remained moderate at 5.5%, according to the Reserve Bank of India (RBI) report. The report highlights that cost-cutting measures played a key role in improving...

SEBI Fines BSE’s ICCL ₹5 Crore for Regulatory Violations

The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹5.05 crore on the Indian Clearing Corporation Ltd. (ICCL), a subsidiary of BSE Ltd., for regulatory violations. The penalty follows an inspection that revealed non-compliance with SEBI’s...

RBI Raises Small Loan Limit for UCBs to ₹3 Crore

The Reserve Bank of India (RBI) has revised the small-value loan ceiling for Urban Co-operative Banks (UCBs), increasing it to ₹3 crore per borrower. This change is part of a broader initiative to redefine small-value loans and strengthen the financial...

AMFI Launches Chhoti SIP, Tarun Yojana & MITRA for Wider MF Access

The Association of Mutual Funds in India (AMFI) has unveiled three strategic initiatives—Chhoti SIP, Tarun Yojana, and MITRA—to enhance financial inclusion, promote investor awareness, and facilitate the retrieval of unclaimed investments. These programs align with the Securities and Exchange Board...

PNB Partners with ITBP to Provide Exclusive Banking Benefits

Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Indo-Tibetan Border Police (ITBP) to provide specialized banking services and exclusive financial benefits to ITBP personnel, pensioners, and their families. The agreement, formalized on February 11, 2025,...