Aditya Birla Capital has entered the gold loan business, aiming to establish 1,000 branches within three years, capitalising on the strong structural growth and surge in demand for gold-backed credit in India.
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
Students in Jharkhand are protesting alleged irregularities in various recruitment examinations, including JPSC and JSSC. A student leader has launched an indefinite hunger strike, demanding a federal probe and cancellation of the 14th JPSC Civil Services Preliminary Examination. The Cockroach Janta Party has extended support, and a march to the Assembly is planned for August 7.
Gold loans accounted for 41 per cent of retail loan disbursements in FY26, up sharply from 18 per cent in FY23 and 20 per cent in FY24.
The divergence between the Sensex and Nifty closing values narrowed on the third day of the Closing Auction Session (CAS) rollout, but market participants, including Zerodha's Nithin Kamath, highlight structural issues and the unfortunate timing of its introduction alongside new RBI norms.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.
Babita Singh Reporting goes past the messy homes and humming markets to reflect the daredevilry of a protagonist coming into her own. What ensues is a raw and thrilling marriage of momentum and meltdown across awkward inquiries made within junkie hideouts, suspicious relatives, battered classmates and Ravan's effigy, applauds Sukanya Verma.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
Citibank's Securities and Fund Services said on Monday it will offer securities lending services to its clients in India.
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
Khalifa wants to build a universe, but struggles to build a compelling film, leaving Prithviraj Sukumaran to carry a derivative thriller almost entirely on his shoulders laments Sreeju Sudhakaran.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
Education loan defaults carry serious consequences. Credit bureaus record missed payments against both the student and the co-borrower, usually a parent.
Former poll strategist Prashant Kishor made a stunning electoral debut by winning Bihar's Bankipur assembly seat, a long-held BJP bastion. Concurrently, the Congress retained the Datia assembly seat in Madhya Pradesh, while the BJP successfully held onto the Manjalpur seat in Gujarat, showcasing mixed results for the ruling and opposition parties in these crucial by-elections.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
'I thought this generation was no good, will not be able to do much with all this social media etc. But then, they surprised us.'
The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely
L&T Finance reported a robust Q1FY27 with net profit growing 29% year-on-year to 900 crore, driven by strong asset growth and strategic initiatives including accelerating cross-selling, improving productivity, and fostering a technology-first, AI-led culture, alongside significant expansion in gold loans.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
'I don't see fear becoming a dominant factor for retail investors.'
The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
'This generation decides on their own what is good or bad for them.' 'They got an outlet to vent their anger against this government through CJP and they did that.' 'They felt how can the government control us or lathi charge us?'
Lending is no longer just about what you've done. It is about how you manage money over time, says Mohit Jain, Co-founder, Finfinity.
'Knowing that he is always there to support and guide us gives me a sense of security and confidence,' says D Satya Narayana Murthy about his father.
India has urged the United Nations to update its sanctions regime against Afghanistan, arguing that it must reflect the changed political reality and focus on incentivising positive actions rather than solely relying on punitive measures. India highlighted its ongoing humanitarian and development support for the Afghan people.
TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.
Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.
Rising study-abroad costs are prompting families to use education loans strategically while preserving savings, liquidity and long-term financial stability, says Yogesh Rawat
Gram Chikitsalay Season 2 returns with a confirmed connection to Panchayat universe and a more heartwarming narrative, observes Sreeju Sudhakaran.
CRISIL Ratings predicts that the share of bank loans in NBFCs' overall borrowings will increase to 44-45 per cent by FY27, driven by elevated bond yields and softening bank lending rates.
LAMF allows investors to access liquidity while staying invested.
'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'
The BJP has won the repoll to Bengal's Falta Assembly seat with a significant margin, marking a dramatic shift in the political landscape of West Bengal. The TMC's candidate slipped to fourth place and forfeited his deposit in what was once considered a TMC stronghold.
The BJP is set to form its first government in West Bengal, with the oath-taking ceremony scheduled for May 9 at Brigade Parade Ground in Kolkata. The event is expected to be attended by prominent BJP leaders, including Prime Minister Narendra Modi and Union Home Minister Amit Shah.
