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AU Small Finance Bank appoints two independent directors, senior executives

The two independent directors, Nandkumar Saravadeand Jagajit Mangal Prasad, have an experience of over three decades in human capital strategy

AU Small Finance Bank appoints two independent directors, senior executives
Updated On : 02 Jul 2025 | 3:38 PM IST

RBI panel likely to recommend govt retain current 4% inflation target

Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy continuity under Governor Sanjay Malhotra

RBI panel likely to recommend govt retain current 4% inflation target
Updated On : 02 Jul 2025 | 8:58 AM IST

New project finance norms: Banks seek exemption for smaller loans

On June 19, the RBI announced the final norms for project finance, prescribing a one per cent general provision for all projects, as compared to 0.4 per cent now

New project finance norms: Banks seek exemption for smaller loans
Updated On : 02 Jul 2025 | 12:11 AM IST

Indian scheduled commercial banks' gross NPA ratio at 15-year low

Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent

Indian scheduled commercial banks' gross NPA ratio at 15-year low
Updated On : 01 Jul 2025 | 11:48 PM IST

UPI transaction volume dips 1.5% in June, after record rise in May

IMPS, FASTag and AePS transactions also clock decline

UPI transaction volume dips 1.5% in June, after record rise in May
Updated On : 01 Jul 2025 | 11:37 PM IST

RBI Governor Sanjay Malhotra to appear before House panel on July 10

At its previous two meetings on the subject on May 28 and 29, the parliamentary standing committee on finance had flagged "ambiguities" in the IBC

RBI Governor Sanjay Malhotra to appear before House panel on July 10
Updated On : 01 Jul 2025 | 11:37 PM IST

Rupee ends first quarter flat amid global tensions and dollar weakness

The rupee ended Q1 marginally weaker at 85.77 after volatile trading amid Iran-Israel tensions, IPO inflows, oil easing and RBI reducing short dollar positions

Rupee ends first quarter flat amid global tensions and dollar weakness
Updated On : 01 Jul 2025 | 9:13 PM IST

Cabinet approves ₹1 trillion employment-linked incentive scheme

The ELI scheme aims to generate over 35 million jobs by incentivising first-time workers and employers; EPFO-linked scheme covers jobs from August 2025 to July 2027

Cabinet approves ₹1 trillion employment-linked incentive scheme
Updated On : 01 Jul 2025 | 6:23 PM IST

SBI's digital transformation immensely benefited customers: FM Sitharaman

Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the Bank will continue to innovate and empower as India

SBI's digital transformation immensely benefited customers: FM Sitharaman
Updated On : 01 Jul 2025 | 2:24 PM IST

Govt once again extends tenure of FSIB chairman, other members by one year

FSIB is headed by Bhanu Pratap Sharma, former secretary of Department of Personnel and Training (DoPT)

Govt once again extends tenure of FSIB chairman, other members by one year
Updated On : 01 Jul 2025 | 12:21 PM IST

Writeoffs major factor for lower NPAs in past 5 years, says RBI report

Slippages in unsecured retail loans remained elevated for PVBs, with fresh slippages in this segment continuing to dominate overall slippages in retail loans

Writeoffs major factor for lower NPAs in past 5 years, says RBI report
Updated On : 01 Jul 2025 | 12:15 AM IST

External spillovers likely to hit India's financial system: RBI report

Stress tests showed banks' gross NPA to rise under baseline scenario

External spillovers likely to hit India's financial system: RBI report
Updated On : 30 Jun 2025 | 11:40 PM IST

NBFCs' share of stressed assets rose to 5.9% in March, says RBI report

RBI's FSR shows NBFCs' stressed assets rose sharply as write-offs jumped and credit risks increased, especially in small-ticket personal loans below ₹50,000

NBFCs' share of stressed assets rose to 5.9% in March, says RBI report
Updated On : 30 Jun 2025 | 11:35 PM IST

Corporate bond market saw record issuances in FY25, says RBI report

RBI's Financial Stability Report says corporate bond issuances rose to ₹9.9 trillion in FY25, but secondary market turnover and bond spreads signal subdued activity

Corporate bond market saw record issuances in FY25, says RBI report
Updated On : 30 Jun 2025 | 11:32 PM IST

Healthy balance sheets augur well for economy: RBI Governor Sanjay Malhotra

In the Financial Stability Report, RBI Governor Sanjay Malhotra says domestic resilience is strong but global tariffs, geopolitics and climate risks could impact growth

Healthy balance sheets augur well for economy: RBI Governor Sanjay Malhotra
Updated On : 30 Jun 2025 | 11:30 PM IST

International credit rating methods must evolve: FM Nirmala Sitharaman

FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs

International credit rating methods must evolve: FM Nirmala Sitharaman
Updated On : 30 Jun 2025 | 11:26 PM IST

Borrower indebtedness in microfinance declines to 11.7%: RBI report

Despite rising stress in microfinance portfolios, RBI notes decline in borrower indebtedness as tighter underwriting and regulatory caps limit over-lending

Borrower indebtedness in microfinance declines to 11.7%: RBI report
Updated On : 30 Jun 2025 | 10:49 PM IST

ITAT ruling targets use of farmland deals for laundering 'black' money

New ITAT tax interpretation could tighten scrutiny of undervalued land deals, challenging the alleged use of agricultural land transactions for turning unaccounted cash into legitimate income

ITAT ruling targets use of farmland deals for laundering 'black' money
Updated On : 30 Jun 2025 | 10:37 PM IST

DFS Secretary urges private banks to step up support for inclusion push

At a review meet, DFS Secretary M Nagaraju calls on private banks to deepen their role in financial inclusion and ready for the saturation campaign starting 1 July

DFS Secretary urges private banks to step up support for inclusion push
Updated On : 30 Jun 2025 | 9:16 PM IST

Small savings rates unchanged for sixth straight quarter from July 1

Interest rates for the popular PPF and post office savings deposit schemes are also unchanged at 7.1 per cent and 4 per cent, respectively

Small savings rates unchanged for sixth straight quarter from July 1
Updated On : 30 Jun 2025 | 8:50 PM IST