Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to facilitate formal credit access for self-employed individuals and gig workers. He highlighted its potential to enable cash-flow-based lending by leveraging diverse data streams, moving beyond traditional asset-based lending, and fostering a more inclusive digital financial infrastructure in India.
Your credit card may have security controls you rarely use. Here are seven settings that can help prevent unwanted or fraudulent transactions.
The GST Council has approved a proposal allowing pharmaceutical companies to claim Input Tax Credit (ITC) on free samples and goods destroyed or written off due to expiry, effective from the next fiscal year. This move aims to support manufacturing, liquidity, and exports within the sector.
The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.
India's MSME sector faces a significant formal credit gap of approximately Rs 60 lakh crore, with traditional channels meeting only a fraction of the demand. A new report suggests that a centralised, interoperable digital layer could effectively bridge this gap and enhance productivity across the formal business sector by digitising workflows and enabling cash-flow-based underwriting.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
A new report, the Digital Credit and Inclusion Index (DCII) 2026, reveals that Tier-2 cities are spearheading digital credit adoption in India. The study, a collaboration between Pahle India Foundation and Amazon Pay, highlights that salaried women are borrowing more than men and that digital credit is primarily used for consumption, with limited productive use.
India all-rounder Naman Dhir discusses his bowling development, crediting veteran Ravindra Jadeja's advice and training at the Mumbai Indians camp. Despite not yet taking a wicket in his two ODIs, Dhir maintains a good economy rate and is working on his all-round game, including his batting, ahead of the third ODI.
State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks.
Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.
Indian hockey drag-flicker Deepika has made headlines at the Asian Games with a record-breaking 20 goals across three matches, including nine in a single game. The 23-year-old attributes her success not just to her wrestling family's athletic genes but to years of dedicated training and the guidance of coaches Azad Singh, Rupinder Pal Singh, and Taeke Taekema. Despite a career-threatening injury last year, Deepika has made a strong comeback, focusing on skill, consistency, and discipline, with an eye on Olympic qualification.
Anant Nag has dedicated the Dadasaheb Phalke Award 2024 to the people and unique cultural environment of Karnataka, crediting the state for his unparalleled success in both art and commercial films.
Credit card spending in India has consistently topped Rs 2 trillion for three consecutive months, with July 2026 recording Rs 2.08 trillion, indicating a new normal for consumer expenditure, according to the latest RBI data.
Finance Minister Nirmala Sitharaman announced that India's real GDP grew by 7.8 per cent in the April-June quarter, surpassing the RBI's forecast. She attributed this strong performance to government reforms and agile economic management, reaffirming the government's commitment to expanding economic opportunities.
India pacer Gurnoor Brar discusses how bowling alongside senior quicks Jasprit Bumrah and Mohammad Siraj has improved his consistency in lengths.
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
India secured a 14-run victory over West Indies in the third T20I, taking a 2-1 series lead. Captain Shreyas Iyer praised his bowlers for their confidence and execution, and also highlighted strong performances from openers Abhishek Sharma and Ishan Kishan. West Indies captain Shai Hope acknowledged their bowling shortcomings and the need for a stable opening partnership.
Twenty individuals were arrested in Lonavala, Maharashtra, for operating an illegal call centre that defrauded foreign nationals. The accused impersonated representatives of companies like Amazon and Google, threatening victims with fake drug cases to extract banking details and money.
Kerala's Vigilance and Anti-Corruption Bureau conducted a surprise inspection at the Vaikom Circle Inspector's office following allegations of bribery. The officer is accused of using a bank account opened in an Assam native's name to receive illicit payments from the soil mafia, lorry operators, and criminal accused, with Rs 2.28 lakh reportedly credited within a month.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
Spider-Man: Brand New Day's seemingly underwhelming post-credit scene may actually be quietly setting up Peter Parker's biggest MCU adventure yet.
Festival shoppers are increasingly turning to EMIs and other affordability options for high-value purchases, especially beyond metro cities.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, has begun deliberations on significant reforms, including decriminalising nine offences, softening provisions for 24, and raising the threshold for criminal prosecution to Rs 5 crore. The proposed changes also include scrapping the arrest powers of GST officers and introducing an 'invoice matching system' to combat fake input tax credit claims, aiming for a trust-based taxation approach and enhanced ease of doing business.
India head coach Gautam Gambhir acknowledged Roston Chase's disciplined bowling spell as a 'game-changing' factor in the second T20I, but stressed the need for India to improve their ability to defend large totals after West Indies successfully chased down 250.
Indian women's cricket team top-order batter Punam Raut announced her retirement from all forms of international cricket on Thursday. The 37-year-old played four Tests, 73 ODIs, and 35 T20Is for India, highlighting her career with a record-breaking ODI partnership and participation in the 2017 Women's ODI World Cup.
Millions of EPFO subscribers can now check whether 8.25% annual interest for FY2025-26 has been credited to their provident fund accounts.
Apple Pay is now available in India. Here's how you can add an eligible credit card to Apple Wallet and make payments using your iPhone.
Maharashtra is grappling with an escalating drought crisis, with 305 talukas now declared drought-hit, prompting the state government to announce Rs 5,000 in financial aid for farmers before Diwali and extend comprehensive relief measures.
Indian Asian Games medallists expressed boosted confidence after meeting Prime Minister Narendra Modi, who encouraged them to aim for bigger goals at the 2028 Los Angeles Olympics. Athletes like Lovlina Borgohain, Nethra Kumanan, and Vithya Ramraj highlighted Modi's vision for Indian sports, including hosting major events, and the positive impact of improved facilities and support.
A dispute has emerged in Mumbai regarding the naming of the new East-West Vidyavihar bridge. The Shiv Sena (UBT) is advocating for it to be named after actor Nana Patekar, while BJP MLA Parag Shah proposed naming it after Captain Smit Machchhar, a pilot recognised for thwarting a hijacking. The controversy highlights differing views on honouring local figures and public service.
India's Next-Gen GST reforms are proving instrumental in driving robust economic growth, simplifying tax compliance, and fostering a more inclusive business environment across the nation, aligning with the vision of a 'Viksit Bharat', writes Finance Minister Nirmala Sitharaman.
The Goods and Services Tax (GST) Council is set to discuss proposals aimed at transforming the complex indirect tax system into a more business-friendly regime, focusing on simplifying compliance, reducing administrative burdens, and potentially raising the prosecution threshold.
Sanju Samson defended India's bowlers after their 24-run defeat to the West Indies in the fourth T20, which levelled the series 2-2. He attributed the loss to Tilak Varma's dismissal as a turning point and praised Shai Hope's match-winning century. Samson also discussed the challenging conditions in Hyderabad and the need for emerging pacers to gain experience.
Indian banks are projected to achieve healthy profit growth in the second quarter of financial year 2027 (Q2FY27), driven by lower credit costs, robust advance growth, and fee income. However, net interest margins (NIMs) are expected to face pressure due to significant mobilisation of foreign currency non-resident (bank) FCNR(B) deposits.
India secured a 14-run victory against West Indies in the third T20 International, taking a 2-1 lead in the five-match series. Pacer Arshdeep Singh was instrumental, claiming three wickets and executing a clear plan to contain key West Indies batters like Shai Hope and Sherfane Rutherford. Arshdeep also highlighted the relaxed team atmosphere and his desire to contribute with the bat.
Australia's assistant coach Matthew Wade has warned his team to expect a more dangerous and aggressive South African attack with pace spearhead Kagiso Rabada poised to return for the second Test in Gqeberha, following his absence from the first match due to a hamstring injury.
Stefanos Tsitsipas revealed that ending his coaching relationship with his father, Apostolos, brought much-needed calm and rebuilt his confidence, leading to a strong first-round win at the US Open.
Mahieka Sharma penned a heartfelt note for Hardik Pandya's 33rd birthday, detailing his journey from a struggling young cricketer in Baroda to one of India's leading all-rounders, highlighting his early struggles, unexpected turn to bowling, and unwavering work ethic.
