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FinTechs processed approximately 47% of small-ticket personal loans of less than 1 lakh in FY 2024. FinTech players have emerged as powerful enablers, transforming...
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Banking Frontiers
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Scheduled Commercial Banks’ aggregate deposits grew at 10.7% (y-o-y) during FY2024-25, notwithstanding a deceleration in respect of private sector banks (PVBs) and foreign banks...
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The Securities and Exchange Board of India (SEBI) has announced a two-month extension for the implementation of its Cybersecurity and Cyber Resilience Framework (CSCRF)...
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In recent times, there have been reports of fraud perpetrated through the Aadhaar Enabled Payment System (AePS) due to identity theft or compromise of customer...
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Shriram Life Insurance Company Limited (SLIC) has entered into a strategic partnership with Muthoot Mercantile Ltd. (MML), a Kerala-based NBFC renowned for its gold loan...
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Finance Minister Nirmala Sitharaman directed the public sector banks (PSBs) to participate actively in the upcoming 3-month Financial Inclusion Saturation Campaign, beginning July 1, 2025,...
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As of March 2025, outstanding credit to the MSME segment stood at Rs 40.4 lakh crore, reflecting a 20.1% y-o-y growth. Encouragingly, asset quality...
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Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime...
Banking
PhonePe and HDFC Bank have launched ‘PhonePe HDFC Bank Co-branded Credit Card’, marking PhonePe’s foray into the co-branded card segment. This new line of...
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Climate Bonds Initiative (Climate Bonds) in collaboration with MUFG Bank (MUFG) and under the aegis of the India Initiative on Climate Risk and Sustainable Finance (IICRSF), has released India Sustainable...
