SBI $100 Billion milestone highlights State Bank of India’s achievement in crossing ₹100 trillion total business, strong credit growth, improved financial performance, and its status as a systemically important bank in India. India’s Banking Giant SBI Reaches $100 Billion Mark Landmark Achievement for India’s Largest Bank State Bank of India (SBI), India’s biggest public-sector bank,…
UGRO Capital CEO appointment: Anuj Pandey takes charge as the new CEO of UGRO Capital from July 1, 2025, signaling a strategic push toward data-driven MSME lending in India. UGRO Capital Appoints Anuj Pandey as CEO 🔹 Leadership Change at UGRO Capital UGRO Capital, a data-driven Non-Banking Financial Company (NBFC) specializing in MSME lending, has…
RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance: A Detailed Overview The Reserve Bank of India (RBI) has recently imposed fines on two prominent financial institutions, Manappuram Finance and IndusInd Bank, for non-compliance with various regulatory requirements. This development is significant as it reflects the RBI’s continued efforts to ensure adherence to banking and…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
RBI Adds FASTag & NCMC Auto-Replenishment to E-Mandate Framework Introduction to the New RBI Directive The Reserve Bank of India (RBI) has recently introduced an important update to its e-mandate framework by incorporating the FASTag and National Common Mobility Card (NCMC) auto-replenishment feature. This move is set to streamline transactions and enhance convenience for users….
RBI Shortens Frequency of Credit Reporting to Fortnightly Introduction to the New Policy The Reserve Bank of India (RBI) has recently announced a significant change in its credit reporting regulations. In a move aimed at enhancing financial transparency and improving the efficiency of credit information systems, the RBI has decided to shorten the frequency of…
RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance The Reserve Bank of India (RBI) has recently imposed penalties on IDFC First Bank and LIC Housing Finance. This action comes as a consequence of various regulatory breaches by these financial institutions. The penalties, amounting to significant sums, highlight the regulatory vigilance maintained by…
Challenges for Banks Exiting AIF Units: Limited Options in Absence of Secondary Market Exiting Alternative Investment Funds (AIFs) presents a significant challenge for banks due to the limited avenues available in the absence of a robust secondary market. AIF units, primarily investments made by banks in various AIFs, pose intricate hurdles during divestment. This challenge…
Anticipated Deceleration in Growth for Unsecured Retail Loans in FY24 The fiscal year 2024 is projected to witness a noticeable deceleration in the growth of unsecured retail loans. This forecasted decline comes as a significant concern within the financial sector, primarily due to various economic factors influencing consumer behavior and lending practices. Experts in the…
Umesh Revankar Appointed as Chairman of FIDC The Financial Institutions Development Council (FIDC) has recently announced the appointment of Mr. Umesh Revankar as its Chairman, marking a significant development in the financial sector. This move has garnered attention, especially among aspirants preparing for government exams, including those aspiring for positions in the banking and civil…
