Category : Banking


SMBC Gets RBI Approval for India Subsidiary

Sumitomo Mitsui Banking Corporation receives in-principle approval from RBI to establish a wholly owned subsidiary in India, marking a key step in foreign banking expansion.

IREDA Q3 Profit Jumps 38%, NPA Risks Remain

IREDA's December quarter shows robust 38% profit growth driven by interest income, but legacy NPAs and exposure to Gensol Engineering continue to pose risks to asset quality.

Trump's 10% Credit Card Cap Sparks Debate on Consumer Impact

Former US President Donald Trump's proposal to cap credit card interest rates at 10% for one year has ignited a fierce debate. Supporters argue it could save Americans billions, while critics warn it may restrict credit access for vulnerable borrowers.

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