Alpha AMC has introduced a free digital platform for listing and comparing Alternative Investment Funds (AIFs) in India. The tool aims to solve data fragmentation in the AIF sector, helping high-net-worth investors and family offices per...
Five southern states lead India’s gold loan market, accounting for 80% of public sector bank outstandings. As total loans reach over ₹11.31 lakh crore, asset quality has significantly improved, with gross bad loans dropping to 0.12%. Thi...
HDFC Bank has reduced its benchmark lending rates by 5 basis points across most tenures, while Bank of Baroda is raising its three-month rate by 10 basis points. These opposing moves reflect different funding and growth strategies as the...
Aadhar Housing Finance is implementing a two-way co-lending model to fuel expansion. The company is generating loans for large banks to meet priority sector targets while partnering with fintech firms to grow its own loan portfolio. This...
Finance Minister Nirmala Sitharaman has confirmed that UPI transactions will remain free for consumers under the Taxation and Other Laws (Amendment) Bill, 2026. Any future fees will only target high-value merchant transactions, with smal...
Finance Minister Nirmala Sitharaman confirmed in Parliament that UPI transactions will continue to be free for consumers and small businesses. This follows the passing of the Taxation and Other Laws (Amendment) Bill, 2026. The government...
ICICI Prudential AMC will acquire the Portfolio Management Services (PMS) business of ICICI Securities through a slump sale. The target business held Rs 2,910 crore in assets as of March 31, 2026, and generated Rs 20.88 crore in revenue...
Milky Mist Dairy Food has secured ₹465.3 crore from anchor investors, including Temasek Holdings, ahead of its ₹1,553 crore IPO starting August 11, 2026. The funds raised are primarily intended to pay off the company's high debt. Investo...
Market regulator Sebi has proposed raising the annual limit for maturing private debt securities from 14 to 17 to help corporations and NBFCs manage debt better. The move aims to reduce refinancing stress and prevent the bunching of debt...
Bank of India is planning to raise up to $1 billion through a Medium-Term Note (MTN) programme to attract more foreign currency deposits. This move follows a successful early response to its FCNR-B offerings. On August 10, 2026, the bank...
The 4th CNBC-TV18 Banking Transformation Summit, presented by Nucleus Software, will take place in Mumbai on August 19, 2026. Industry leaders and the Reserve Bank of India will discuss the integration of 'Responsible AI' in financial se...
State Bank of India's cyber fraud refunds climbed nearly 70-fold in FY26 to ₹858.72 lakh, even as reported cases seemingly fell from over 13,000 to just 20. The government clarified that this shift in data follows new RBI reporting stand...
The race for the top spot among India's private lenders is tightening, with ICICI Bank's market cap reaching ₹10.20 lakh crore compared to HDFC Bank's ₹11.28 lakh crore as of August 9, 2026. While ICICI Bank reported a 16% profit growth...
Union Mutual Fund has named Rajkamal Tiwari as its interim Chief Executive Officer, effective August 11, 2026. He takes over the role from outgoing CEO Madhukumar Nair, bringing his experience as the company’s former Chief Operating Offi...
The Reserve Bank of India has finalized its new loan recovery and agent conduct guidelines, which will take effect on January 1, 2027. The rules mandate strict call timings, agent certification, and call recording, forcing banks and NBFC...
The Taxation and Other Laws (Amendment) Bill, 2026, now allows the government to introduce a Merchant Discount Rate (MDR) on select UPI payments. While the government has confirmed that UPI will remain free for regular consumers and pers...
Aum Ventures has completed the first close of its second India Innovation Fund at Rs 225 crore. The firm targets a total corpus of Rs 750 crore to invest in early-stage deeptech sectors like AI, semiconductors, and space. Over 65% of the...
Starting October 1, 2026, the Reserve Bank of India is simplifying governance rules for banks to reduce administrative burdens. The new framework allows bank boards to delegate routine tasks, shifting their focus toward strategic oversig...
Motilal Oswal has maintained a ‘BUY’ rating on Power Finance Corporation (PFC) with a Rs 500 target, despite cutting future earnings estimates. PFC shares faced selling pressure following the recent first-quarter results, which highlight...
American Express India has faced continued scrutiny from cardholders following significant structural changes to its Platinum Travel Credit Card reward program earlier this year. These adjustments, which reshaped milestone benefits, rema...