The Reserve Bank of India has introduced a concessional swap facility to lower the cost of borrowing foreign funds for Indian banks. This move is expected to cut external borrowing costs by 2-2.5% and help improve systemic liquidity. For...
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Tata Sons has approved its financial accounts for FY26, reporting a rise in net profit compared to the previous year. The holding company recommended a dividend payout consistent with FY25 levels. While the board emphasized strategic gro...
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Ujjivan Small Finance Bank has increased interest rates on FCNR(B) dollar deposits to 7.13% for 3-5 year tenures, aligning with a broader industry trend supported by the Reserve Bank of India. This move is designed to attract stable fore...
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Market experts at the ET NOW Markets Summit 2026 highlighted strong potential in India’s manufacturing and credit sectors. With bank credit growth currently exceeding 17% and interest rates holding steady, investors are monitoring the co...
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RBL Bank has appointed HDFC Bank veteran Bhavin Lakhpatwala as its new Chief Financial Officer, effective June 12, 2026. The move aims to bring seasoned financial leadership to the bank amid its ongoing ownership transition discussions.
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India's microfinance industry has reported its first loan growth in nearly two years, with the total portfolio hitting ₹3.25 trillion in the March 2026 quarter. Loan repayments have improved, and new lending reached a seven-quarter high....
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Analysts have upgraded Equitas Small Finance Bank to 'Add' following a major pivot in its loan book. The bank has reduced its microfinance exposure from over 50% to 10%, focusing instead on secured lending like small business and vehicle...
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The Reserve Bank of India has launched a special swap window for FCNR(B) deposits to attract dollar inflows and ease liquidity pressure in the banking system. By waiving reserve requirements until March 2027, the central bank is helping...
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Indian companies have raised ₹27,000 crore through corporate bonds this week as borrowing costs decline. After a slow start to the financial year, lower yields are encouraging major institutions to lock in funding. This shift from expens...
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Mumbai-based healthcare payments platform QubeHealth-Pay has closed its Series A funding round at a valuation of ₹416 crore. The startup, which facilitates medical bill payments and financing, plans to use the capital to scale its platfo...
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Indian financial institutions are aggressively adopting AI-driven, real-time fraud detection as lending-related frauds hit ₹40,774 crore in FY2026. This transition aims to fix critical gaps in MSME lending, where manual records often mas...
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The General Insurance Council (GIC) has launched a centralized platform allowing insurance companies to onboard hospitals collectively, moving away from individual agreements. With over 10,000 hospitals involved, this move aims to stream...
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LIC Managing Director Dinesh Pant has expressed confidence in India’s long-term economic path, viewing market corrections as strategic buying opportunities. With an AUM nearing ₹60 lakh crore, the insurance giant emphasizes the power of...
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HDFC Bank has reportedly shortlisted five candidates to replace interim chairman Keki Mistry by July, as the bank navigates a period of intense scrutiny. The leadership search follows the high-profile resignation of former chairman Atanu...
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ONGC’s petrochemical arm, OPaL, has approved a plan to raise ₹4,471 crore through non-convertible debentures (NCDs). This debt-based fundraising comes as parent firm ONGC manages a profit decline due to lower crude prices. Investors will...
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Brokerage firms SAMCO Securities and Dhan have launched platforms allowing Indian investors to buy US stocks and ETFs through Gujarat's GIFT City. Operating under the IFSCA regulatory framework, these services aim to simplify global inve...
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Punjab National Bank has increased interest rates on US dollar FCNR(B) deposits, with five-year plans now offering up to 6.10%. Effective July 12, this move aims to attract foreign currency inflows. For investors, the key factor is balan...
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ESAF Small Finance Bank has crossed the ₹50,000 crore mark in total business as of June 11, 2026. The milestone coincides with a recent quarterly profit turnaround, reflecting a recovery from losses reported in the previous year and impr...
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When a fixed deposit holder passes away without a will or nominee, claiming the funds becomes a long process. Banks require strict legal proof of heirship to ensure the money reaches the right person, which can cause significant delays f...
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Trading platform Dhan has launched US stock and ETF investing through its GIFT City subsidiary, Raise IFSC. The service allows Indian investors to trade on Nasdaq and NYSE with a flat 0.25% brokerage fee and no maintenance charges. While...
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