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Finance Minister Nirmala Sitharaman has unveiled a series of capital and entrepreneurship-related reforms in Budget 2024-25 aimed at promoting sustainable and inclusive growth. Vision document: A...
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Banking Frontiers
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In a significant move to bolster MSMEs, Finance Minister Nirmala Sitharaman has announced a comprehensive package in Budget 2024-25 aimed at enhancing the growth...
AI
The Bank of Baroda has launched a Generative AI-powered virtual relationship manager (VRM), a first-of-its-kind initiative in the Indian banking sector. The AI-powered VRM provides...
Agri & Rural Banking
Growth in credit to agriculture and allied activities was in double digits during FY24. Agricultural credit had increased nearly 1.5 times from Rs 13.3...
Banking
In the inaugural address at the Financial Express Modern BFSI Summit, RBI Governor Shaktikanta Das expressed concern over the growing gap between credit and...
NBFCs
Between September 2022 and September 2023, the NBFC sector experienced a significant upward trend in credit growth, with gross advances increasing by 20.8% compared...
News
TATA AIG, a leading provider of general insurance in India, has announced a strategic partnership with Mahindra Finance, one of India’s leading Non-Banking Finance...
News
Similar to other Emerging Market Economies, the banking sector in India dominates as a supplier of credit to households with almost 80% share in...
News
The Reserve Bank of India has extended the timeline for registration and submission of applications for its third global hackathon – ‘HaRBInger 2024 up to...
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The first phase of the (Account Aggregator) AA rollout (April 2022–January 2023) in India has resulted in early positive benefits to the MSME sector....
