India's Credit Boom: Low Costs Drive Retail Lending Surge
India's retail credit growth is powered by a sharp fall in credit report costs, enabled by digital scale and fintech platforms offering free scores, transforming lending economics.
Category : Banking
IDBI Bank Privatization Fails Again, Hurting Disinvestment Plans
After a decade and two attempts, the Indian government has failed to privatize IDBI Bank, causing bidder fatigue and casting shadows over future disinvestment initiatives and strategic sales.
Travel Insurance Reassessed Amid West Asia Conflict Risks
The Israel-Iran conflict is prompting insurers and travelers to reassess travel insurance coverage for geopolitical risks, with claims rising for disruptions and exclusions for war-related losses becoming a key concern.
Monthly vs Quarterly Interest Credit: Key Differences
Explore the crucial differences between monthly and quarterly interest credit for savings accounts. Learn how payout frequency impacts compounding, liquidity, and financial planning strategies for savers.
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Income Tax Dept Serves Rs 204 Cr Notice to TMB
The Income Tax Department has raised a demand notice for Rs 204 crore on Tamilnad Mercantile Bank for the assessment year 2013-14. The bank plans to appeal the decision.
SC: Banks Must Follow Customer Instructions, Holds Canara Bank Liable
The Supreme Court has held that banks cannot unilaterally divert funds contrary to customer instructions, upholding Canara Bank's liability for erroneously transferring USD 100,000.
Silver Plunges Rs 6000, Gold Drops Rs 1000 on Profit Booking
In a significant market correction, silver prices have plummeted by Rs 6000 per kg, while gold has declined by Rs 1000 per 10 grams due to profit booking by investors.
BSE Launches Long-Short and Inverse Indices for Hedged Strategies
BSE Index Services has launched BSE Long-Short Indices and BSE Inverse Indices to reflect hedged market strategies, offering investors tools for risk management and diversified benchmarks.
Optimo Capital Gets Rs 100 Cr from PNB, Godrej Finance Tie-up
Technology-driven NBFC Optimo Capital secures Rs 100 crore funding from Punjab National Bank and signs co-lending partnership with Godrej Finance to disburse Rs 200 crore over the next year, focusing on MSME loan-against-property financing.
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UPI QR Cardless Cash Withdrawals Launched Across India
RNFI Services Limited partners with Jio Payments Bank to enable cardless cash withdrawals via UPI QR codes across urban, semi-urban, and rural India, enhancing financial access.
Ahmedabad Entrepreneur's Quant Investing Firm Manages ₹36 Crore
Shaan Patel, 22, founded Shaan Patel Asset Management, a quantitative investment firm using data science and algorithms. The SEBI-approved AIF manages around ₹36 crore, reflecting tech-driven trends in India's finance sector.
IDBI Bank JAM Registration Closes Tomorrow, 1,100 Posts
IDBI Bank's Junior Assistant Manager recruitment drive closes online registration on March 19, 2026. The bank offers 1,100 tentative positions across nine major cities, with selection through a four-stage process including an online test on April 12.
Rupee Hits Record Low of 92.63 vs Dollar, Down 23 Paise
The Indian rupee crashed 23 paise to close at an all-time low of 92.63 against the US dollar, driven by strong dollar, FII outflows, and high crude oil prices amid West Asia tensions.
Optimo Capital Gets Rs 100 Cr from PNB, Godrej Finance Deal for MSMEs
Optimo Capital, a tech-driven NBFC, has secured Rs 100 crore funding from Punjab National Bank and partnered with Godrej Finance to disburse Rs 200 crore in MSME loans over the next year, addressing India's credit gap.
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Rupee Hits Record Low of 92.58 vs US Dollar
The Indian rupee plunged to a historic intra-day low of 92.58 against the US dollar on March 18, 2026, amid market volatility and global pressures.
March 2026 Bank Holiday Schedule: Plan Ahead
Bank customers across India should prepare for multiple closures in March 2026, including state-specific festivals and regular Saturday holidays. Digital banking remains available, but branch-dependent services require advance scheduling.
Mumbai Man Files FIR Over Rs 2.75 Lakh Credit Card Fraud
An IT consultant from Kandivli registered an FIR for fraudulent credit card transactions worth Rs 2.75 lakh in Chile and Dubai while he was in India. The case highlights systemic issues in banking security and low recovery rates in Maharashtra's cyber fra
Indian IT Stocks Rebound as Brokerages Express Confidence
Major Indian IT stocks including Infosys, TCS, and HCL Tech surged up to 4% after CLSA reaffirmed 'Outperform' ratings. The rebound comes despite ongoing AI disruption fears, with brokerages highlighting robust deal pipelines and attractive valuations.
IIFCL Recruitment 2026: 37 Vacancies for Assistant & Manager Posts
Indian Infrastructure Finance Company Limited (IIFCL) has released its 2026 recruitment notification for 37 Grade A Assistant Manager and Grade B Manager positions. Online applications open from March 18 to April 10, 2026.
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Rajul Sood: From DU to Leading 3,000 in Banking Tech
Rajul Sood shares her inspiring career path, emphasizing adaptability, women's leadership, and technology's role in banking transformation. Learn how she built teams and fostered growth.
Banks Cancel Job Offers Over Poor Credit Scores: Govt
The government informed Parliament that banks are increasingly using credit scores to assess job candidates, with 20 offers withdrawn in three years due to poor credit history.
Indore EOW Files FIR in Rs 33 Lakh Bank Loan Fraud
The Economic Offences Wing has registered an FIR against bank officials and a valuer for a Rs 33 lakh loan fraud using forged property papers at Canara Bank's Nanda Nagar branch in Indore.
PFC Dividend FY 2025-26: Record Date, Payment Details
Power Finance Corporation (PFC) has declared a dividend for the financial year 2025-26. Check the record date, ex-date, and payment date for shareholders.
Gold Loans Boom: Indians Use Jewelry for Cheap Business Loans
Gold loans in India are experiencing triple-digit growth, driven by a shift from distress borrowing to monetizing ancestral jewelry for business financing. Loans below Rs 2.5 lakh now account for only 40%, with MSMEs leading demand.
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Gold, Silver Prices Firm Ahead of US Fed Decision
Gold and silver prices show resilience as investors await the US Federal Reserve's policy announcement. Analysts highlight interest rates and Middle East tensions as key drivers for precious metals.
Consumer Commission Orders Insurance Firm to Pay Rs 1.53 Lakh
Noida's consumer commission directs Care Health Insurance and Union Bank to reimburse Rs 1,53,709 with interest for wrongfully denying a mediclaim, emphasizing doctors' authority over hospitalization decisions.
Bank of Baroda Fined Rs 3.28 Lakh for 9-Year ATM Failure
A Surat consumer court has directed Bank of Baroda to compensate a customer Rs 3.28 lakh after failing to reverse a failed Rs 10,000 ATM withdrawal for nearly nine years, citing RBI guidelines.
Insurance Coverage for 25,000 Gram Panchayats Announced
Finance Minister Nirmala Sitharaman announced the government's plan to expand insurance coverage to 25,000 gram panchayats, aiming to boost rural insurance penetration and use panchayats as focal units for measurement.
CAG Audit Recommended in Chandigarh's Rs 116 Cr Fake FDR Scam
Chandigarh Municipal Corporation recommends a CAG audit of Smart City Company finances after a Rs 116 crore fake FDR scam. Internal probe reveals major lapses, with report sent to police for investigation.
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RBI Injects Rs 48,014 Crore in Liquidity via VRR Auction
The Reserve Bank of India infused Rs 48,014 crore into the banking system through a seven-day variable rate repo auction to manage liquidity after advance tax outflows. Surplus liquidity dropped sharply, with further tightening expected from GST payments.
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