Banks eye festive demand boost as GST cuts set stage for credit revival

Banks and non-banking lenders are preparing to capitalise on the upcoming festive season by rolling out special loan schemes and discounts on retail c...

Banks set for stable margins as lending, deposit rates adjust amid RBI's policy easing

Latest data for July and August 2025 indicate that the repricing of high-cost deposits and surplus liquidity conditions are easing funding costs, whil...

Indian Bank migrates to secure web portal

Indian Bank has migrated its corporate website to 'www.indianbank.bank.in' in line with RBI directives to boost digital banking security. Under IDRBT ...

Banks, fintechs push FD-tied credit cards to secure more users

Banks and fintechs in India are offering low-limit secured credit cards, backed by fixed deposits, to expand access to formal credit. With limits star...

Banks' lending to brokers surged on rising market activity

Institutional lending to stockbrokers witnessed a significant surge of 28% in FY25, fueled by increased trading activity and greater investor particip...

PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative

Punjab National Bank (PNB) has committed Rs 21,000 crore to Rajasthan's Rising Rajasthan initiative, aiming to boost socio-economic progress through i...

Banks sense an opportunity in GST gain for retail, MSME

Recent GST reforms, coupled with a good monsoon and improved liquidity, are poised to stimulate credit demand, particularly in retail and MSME sectors...

Falling NII hurts private banks' profit growth, public peers do better

Private sector banks experienced a decline in net profit for the second consecutive quarter due to dwindling net interest income, while public sector ...

Insurtech firm Turtlemint seeks IPO approval, submits confidential papers to Sebi

Turtlemint, an insurtech firm, has submitted IPO papers to Sebi. The company will use the confidential pre-filing route. ICICI Securities and Jefferie...

Chennai Angels explore investment opportunities at Sri City SEZ

A delegation from Chennai Angels, comprising 19 members, visited Sri City to assess investment opportunities and business operations within the Specia...

USIBC lauds India's GST reforms, calls it a boost for business and investment sentiment

In a statement, USIBC praised the rationalisation of GST slabs and reduction in tax rates across key sectors, including food, healthcare, life-saving ...

GST done, advisers bat for land, labour reforms

Experts advocate for process reforms, deregulation, and ease of doing business to propel India towards high growth. Key reforms include land and labor...

Who could replace Powell? Donald Trump eyes Fed chair post for Hassett, Warsh, Waller; Bessent opts out

President Trump has identified Kevin Hassett, Kevin Warsh, and Christopher Waller as potential replacements for Federal Reserve chair Jerome Powell. T...