Rupee gains after RBI intervention, eyes follow-through
The Indian rupee surged past 90/$ after the RBI's aggressive dollar sales. Will the central bank's follow-through action sustain the rally? Read analysis from treasury experts.
Category : Banking
Lok Sabha Passes Sabko Bima Sabko Raksha Bill 2025
Lok Sabha passes key insurance bill, raising FDI limit to 100% and strengthening IRDAI. Can it bridge India's low insurance density gap without over-regulation?
TRAI Mandates 1600 Series for Insurance Calls
TRAI's new directive requires all insurance companies to call customers only from 1600-series numbers. Learn how this rule combats fraud and protects policyholders.
100% FDI in Insurance: A Boost for India's 2047 Coverage Goal?
India's plan to allow full foreign ownership of insurers aims to boost investment. But is it enough to achieve universal coverage by 2047? Analysis inside.
Japanese Giants Invest Billions in India's Financial Sector
Japanese financial giants MUFG and Mizuho make multi-billion dollar investments in Shriram Finance and Avendus, signaling massive global confidence in India's growing financial services market. Read the full details.
Bank Holiday: Banks Closed in Shillong on Dec 18
Banks in Shillong are closed today, December 18, 2025, for U SoSo Tham's death anniversary. Check city-wise operational status and available digital banking services.
Google Pay FLEX: New UPI Credit Card & Pocket Money Feature
Google Pay partners with Axis Bank to launch FLEX, a RuPay-powered UPI credit card offering instant rewards. Also introduces 'Pocket Money' for kids and new merchant tools. Join the waitlist now!
RBI Grants Paytm Offline, Cross-Border Payment Aggregator Licence
Paytm Payments Services secures RBI authorisation to operate as a payment aggregator for offline and cross-border transactions, expanding its financial services footprint. Discover the implications for India's digital payments landscape.
Google Pay, Axis Bank launch UPI credit card 'Flex'
Google Pay partners with Axis Bank to launch 'Flex', a first-of-its-kind UPI-powered credit card in India. Get instant credit, rewards, and seamless payments. Learn more!
Understanding the Principle of Contribution in Marine Insurance
Learn how the principle of contribution in marine insurance impacts claim settlements when multiple policies cover the same risk. Essential reading for Indian shippers and exporters.
Parliament Passes Insurance Amendment Bill 2025
Parliament has approved the Insurance Amendment Bill 2025, amending three key laws: the Insurance Act, 1938, LIC Act, 1956, and IRDA Act, 1999. Read about the sector's transformation.
Google Pay Launches First Credit Card, Builds Credit Ecosystem
Google Pay shifts from distributing loans to launching its own credit card 'Flex' with Axis Bank. The move aims to serve India's underserved credit market and create a comprehensive financial platform.
Parliament Passes 100% FDI Insurance Bill
Parliament passes the Sabka Bima Sabki Raksha Bill, allowing 100% FDI in insurance. The bill aims to transform the sector, ease coverage access, and bring universal protection by 2047. Read the key amendments.
Insurance FDI Cap Raised to 100% by Parliament
Parliament approves historic amendment to raise FDI limit in insurance to 100%. The move promises greater insurance penetration, lower premiums, and job creation. Read the full story.
Google Pay & Axis Bank Launch UPI Credit Card
Google Pay and Axis Bank launch a new RuPay-powered co-branded credit card, integrating UPI payments with instant rewards and flexible EMI options. Learn more about its features.
Phone Locking for Loan Repayment: A New Credit Tool
Could locking non-essential smartphone features for missed payments reduce loan defaults and expand credit access in India? Experts explore 'digital collateral' as a tool for financial inclusion.
Yubi's Digital Mortgage Platform Debuts in UAE
Yubi Group launches its first B2C platform, Yubi Mortgage, in the UAE. This AI-powered digital solution simplifies home loans, connecting borrowers with 25+ lenders for faster, transparent processing. Start your home-buying journey today!
Japan's MUFG invests $5bn for 20% stake in Shriram Finance
Japan's Mitsubishi UFJ Financial Group plans a massive $4.5-5 billion investment for a 20% stake in Shriram Finance, marking a major foreign bet on India's NBFC sector. Details inside.
HSBC India Opens New Branch in Indore, MP
HSBC India strengthens its footprint in Madhya Pradesh with a new Indore branch, focusing on wealth management and premium banking services for the region's growing affluent segment.
Insurance Bill 2025: Biggest Reform in Decades
The Sabka Bima Sabki Raksha Bill 2025 marks India's biggest insurance reform, allowing 100% FDI, new intermediaries, and stronger policyholder protection. Read the full analysis.
Rupee Jumps 1% as RBI Sells Dollars to Halt Slide
The Indian rupee surged 1% to 90.0963 against the US dollar on December 17 after the RBI aggressively sold dollars around the 91 mark. Analysts say the central bank intervened to counter speculative positions and support the currency. Read more.
IDFC FIRST Bank's New NRI Savings Account in GIFT City
IDFC FIRST Bank unveils 'IDFC FIRST Global Savings' for NRIs in GIFT City, offering high-interest rates in USD, EUR, and GBP. A strategic move to attract NRI deposits with competitive returns.
Axis Bank: Policy Rates at Bottom, Supportive Outlook for Bonds
Axis Bank Research forecasts a supportive environment for Indian bonds, citing policy rates at a bottom, attractive yields, and strong capital inflows. Read the full analysis.
Rupee Roars Back on RBI's Aggressive Dollar Sales
The Indian rupee surged the most since May after the RBI sold dollars to halt its slide. The currency had hit record lows amid foreign outflows. Read the full analysis.
Mizuho buys Avendus stake for $523M, enters India
Japan's Mizuho Securities buys majority stake in Indian investment bank Avendus for up to $523 million, expanding its footprint in India's fast-growing financial market. Read more.
RBI Nod for HDFC Bank's 9.5% Stake in IndusInd Bank
RBI approves HDFC Bank to acquire up to 9.5% stake in IndusInd Bank. The investment will be made by group companies, not the bank directly. Read the full details.
RBI Okays HDFC Bank's 9.5% Stake in IndusInd Bank
The Reserve Bank of India has permitted HDFC Bank to acquire up to 9.5% stake in IndusInd Bank. The investment will be made by group companies, not HDFC Bank directly. Read the full details here.
Govt weighs ₹5,000 cr infusion for 3 PSU insurers
The Indian government is considering a fresh capital infusion of up to ₹5,000 crore into three struggling state-owned general insurers to shore up solvency and enable future reforms like consolidation or sale. Read the full analysis.
Singapore's UOB Bank hit by China property downturn
Singapore's United Overseas Bank faces mounting losses from Hong Kong and China real estate loans, booking S$615 million in provisions. Its Greater China exposure under scrutiny as property markets deteriorate.
RBI Employees Report Shortage of Small Denomination Notes
The All India RBI Employees Association warns of a cash crunch for small notes in rural & semi-urban areas, impacting daily transactions. Read the full story and the union's demands.
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