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Pre-Budget Blueprint: Expanding MSME and Priority Sector Lending through NBFC-PSL
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As India sets its sights on the Union Budget 2024-25, the conversation around unlocking the true potential of Priority Sector Lending (PSL) and MSME financing has become paramount. While PSL is a cornerstone of India’s financial inclusion strategy, the current framewo view more...
As crude continues to increase, the rupee opens slightly lower against the dollar at 86.56.
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The local currency opened at 86.56 against the US dollar, and currently traded at 86.57 against the dollar, as compared to 86.57 at close in the previous trading session against the greenback. On January 17, the rupee opened slightly lower due to the ongoing increase i view more...
Q3 earnings for Bank of Maharashtra show a 36% increase in net profit to Rs 1,407 crore.
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On January 15, the Bank of Maharashtra announced that its consolidated net profit for the third quarter of FY25 had increased 36% year over year to Rs 1,406.73 crore. The bank's overall revenue increased by 22% to Rs 7,112.66 crore on a yearly basis. On January 15, sha view more...
Unpacking SBI's Har Ghar Lakhpati RD scheme: Is it better to invest or pass?
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A recurring deposit program called "Har Ghar Lakhpati" (lakhpati in every home) has been launched by the State Bank of India (SBI). Through modest monthly payments over three to 10 years, this investment initiative aims to assist people in building up a corpus of at lea view more...
Biju Menon says Star Health Insurance will add 29–30 bancassurance partners by H1FY26.
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In order to boost new business, Star Health and Allied Insurance plans to acquire 29–30 bancassurance partners by the first half of the upcoming fiscal year, Executive Director & Chief Business Officer Biju Menon told Moneycontrol in an interview. State-owned banks, view more...
The CRIF analysis shows a significant decline in MFI asset quality in Bihar, Uttar Pradesh, and Kerala.
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The CRIF research claims that as of September 2024, the asset quality of microfinance institutions in three states—Bihar, Uttar Pradesh, and Kerala—had drastically declined. The Kerala 31-180 day portfolio at risk (PAR) increased from 2.1 percent in September 2023 view more...
The strong dollar and rising oil costs cause the Indian rupee to drop 9 paise.
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According to experts, the strong dollar index and rising oil costs caused the Indian rupee to drop to 9 paise in early trading on January 8. The Indian government's weaker GDP prediction and stock market withdrawals also placed pressure on the local currency. The Ind view more...
Year-end 2024: Home loan debtors who are suffering from exorbitant interest rates might anticipate relief in 2025.
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Recent years have seen some upheaval in the Indian house loan market as a result of growing interest rates, rising real estate costs, and changing economic conditions. Homebuyers now face several obstacles as a result of these circumstances, especially in the inexpensiv view more...
After the US Fed signals fewer rate reduction in 2025, the rupee depreciates to 85 to the dollar.
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After the US Federal Reserve signaled fewer rate reduction in 2025, which caused the dollar index to reach a two-year high, the rupee fell further into the red and broke 85 in trade with the US dollar for the first time ever. On December 19, the Indian currency depre view more...
A few EBLR loans are moved to fixed rates by banks in advance of a 25 basis point rate drop.
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Under the direction of the new governor, Sanjay Malhotra, banks are switching some retail loan products from variable to fixed interest rates in preparation for a rate drop by the Reserve Bank of India (RBI) in its February monetary policy. According to bankers, this ac view more...
The rupee is hurt by the change of leadership at the RBI corner office, but bond yields are raised.
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The Indian rupee started the day on a weaker note, opening at 84.7870 against the U.S. dollar, lower than Monday's closing of 84.7212. This continuing decline reflects the sustained pressures faced by the currency over the past few months. Simultaneously, the 10-year be view more...
cautious monetary policy implementation in the face of uncertainty
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"Non-committal" is the best way to characterize the Reserve Bank of India's monetary policy committee's (MPC) guidance at the December rate review. Given its regressive effect on the purchasing power of both rural and urban people, the Governor, speaking on behalf of th view more...
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