IFSCA can't copy India's model as we compete with Dubai, London, Singapore, says ED Ramakrishnan

We cannot replicate the Indian model, says IFSCA ED Pradeep Ramakrishnan as he outlines GIFT City's distinct regulatory approach. He discusses ...

FinTechs should focus on responsible innovation and building solutions for the underprivileged

At the ETBFSI FinNext Summit 2025 in Bengaluru, Suvendu Pati, Chief General Manager, FinTech Department of RBI, said the central bank expects FinTech ...

RBI's June MPC minutes signal growth-focused approach; scope for one more rate cut

The minutes show that most MPC members supported a sharp rate cut to improve transmission and provide a boost to consumption and investment

Bank of Maharashtra, IOB, Punjab & Sind offering highest FD rates among PSU banks

If you're looking for the best returns on fixed deposits (FDs) from government banks, several public sector banks have recently revised their interest...

Odisha removes HDFC Bank, ICICI Bank, and Axis Bank as authorised banks for govt businesses

The Odisha government has removed HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks due to their consistently poor performance in...

The poor's recourse isn't a bank, but moneylenders, mostly

A study reveals that the poor still rely on informal lenders for emergency funds. Piramal Enterprises suggests NBFCs can bridge this gap with regulato...

'Standard Chartered is betting on SMEs in India to help grow wealth management business'

Standard Chartered focuses on India's SME sector. The bank aims to boost its wealth management business. SME growth will feed into wealth management. ...

ICICI Bank once wanted to acquire HDFC, Deepak Parekh spills the secret

Deepak Parekh revealed Chanda Kochhar's merger proposal between ICICI and HDFC, predating HDFC's reverse merger. Parekh cited regulatory pressure from...

Understanding Comprehensive General Liability

It is evident that businesses are continuously exposed to risks. Such damages can result in liabilities, requiring businesses to compensate stakeholde...

Reliance on informal finance persists despite multiple financial inclusion measures: Report

A Piramal Enterprises study reveals that despite financial inclusion efforts, many Indians, especially micro-business owners and the economically weak...

LIC Housing Finance cuts lending rates to 7.50 pc on new home loans

LIC Housing Finance on Saturday said it has reduced rate of interest on new home loans by 50 basis points.

Why India's Travel Card Needs to Work Everywhere

The future of travel fintech will not be built on features alone, but on the creation of frictionless moments. As India's digital economy continues i...

Road to a $3.7 trillion Stablecoin market is full of obstacles

Stablecoins are on the brink of mainstream adoption, with the US Senate advancing legislation and major firms like PayPal and Amazon eyeing them for p...

India's forex reserves inch closer to record high; jumps to $699 billion

India's foreign exchange reserves (forex) extended their gains, jumping USD 2.294 billion to USD 698.950 billion in the week ending June 13, official ...

RBI-led initiative to curb digital frauds gains momentum, banks roped in to set up DPIP

To combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligence Platform ...

India's house price index up 3.1 pc in Q4 FY25, Kolkata leads: RBI

The house price index (HPI) across India increased by 3.1 per cent in the January-March period (Q4 FY25), maintaining the same pace as the previous qu...