It will enable real-time intel sharing among banks and other financial sector participants to strengthen customer protection against digital fraud.
The reduction in the goods and services tax (GST) rates has increased the momentum in India's economic activity both on the supply and demand sides, while robust agricultural activity - reflected in the strong onset of rabi sowing and adequate reservoir levels - has reinforced the outlook for food supply and rural incomes, the finance ministry said on Thursday.
Abdullah emphasised the 24x7 model of politics pursued by Prime Minister Narendra Modi and his team, and said that "no sooner has one election finished, they've already moved into the next territory... We will move into those states two months before the elections. We will be lucky if we sew up our electoral alliances before the last date of filing nominations".
The T20 WC champions will look to enter this phase with clarity of intent as they refine roles, streamline combinations and settle the XI that will carry the weight of expectations in front of home crowds.
Rishabh Pant's place in the playing eleven is far from guaranteed, while Washington Sundar and Nitish Kumar Reddy are locked in a tight contest for the additional all-rounder's slot as India confront several selection dilemmas ahead of the first ODI against South Africa in Ranchi.
The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.
The recent policies that have been announced by the Reserve Bank of India (RBI) will allow banks to fully use its capital, funding profile to keep business at an equilibrium level, which otherwise was getting skewed towards retail, said K V Kamath, chairman, Jio Financial Services.
The country's largest lender SBI is open to collaborating with foreign banks once the Reserve Bank makes it possible for local banks to do acquisition finance, its chairman CS Setty said on Tuesday. Speaking to reporters, weeks after the central bank announced its intent to allow Indian banks to fund companies for executing domestic acquisitions, Setty acknowledged that the "MNC (multinational companies) banks" are dominant in the space.
Domestic veterans Ruturaj Gaikwad, Rajat Patidar and Rinku Singh could keep the team management interested going forward in Test cricket.
Ten years after a dream electoral debut, which saw him become the deputy chief minister at a young age of 25, the heir apparent of party supremo Lalu Prasad finally won, after trailing for several rounds, from Raghopur, a RJD stronghold.
India's equity markets may have expanded rapidly, but initial public offerings (IPOs) are increasingly becoming exit vehicles for early investors rather than as engines for raising long-term capital, a shift that undermines the spirit of public markets, Chief Economic Advisor V Anantha Nageswaran warned on Monday at a CII event.
This is America's 15th funding lapse since 1981 and the first since the record 35-day shutdown of 2018-2019.
'Corporates now have multiple funding sources beyond banks, and many are sitting on large cash reserves.'
The government on Wednesday approved two schemes worth Rs 45,000 crore to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments.
Eko, a smartly written film, loses steam midway but somehow stays afloat and deliver the goods, notes Arjun Menon.
In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade.
A guide to travel in 2026.
Bajaj Finance's shares fell more than 7 per cent on Tuesday after it trimmed growth guidance for FY26, from 24-25 per cent projected earlier to 22-23 per cent.
Across all sectors, the future of work depends on adaptability.
Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.
Survivors recount the horrific Telangana bus accident that claimed 19 lives, detailing the scene and the impact on affected families.
Despite corporate bond yields hardening by 20-25 basis points, Indian corporates are not warming up to bank funding for their capital expenditure needs as bank lending rates remain elevated due to the higher cost of liabilities, compared to current rates in the debt capital market.
Democracy in India is too important to be left to a leader with a limited appeal. If Rahul Gandhi cares for India, he should step aside for a new crop of leaders, suggests Harishchandra.
Saurashtra will be bolstered by the presence of India all-rounder Ravindra Jadeja against a strong Madhya Pradesh i the second round of Ranji Trophy.
India's awe-inspiring batting depth will face a stern test against South Africa's quality spin attack in the first Test, starting in Kolkata on Friday.
Axis Bank reported a sharp drop in net profit in the second quarter of financial year 2026 (Q2FY26) on higher provisions and weak operating profit growth while revenue growth was moderate. But loan growth and deposit growth improved to double-digits year-on-year (Y-o-Y) and asset quality also improved with the gross non-performing loan or NPL ratio moving down.
'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.
Banks will be able to give loans to Indian companies for acquiring the entire equity stake or a controlling part of it in domestic or foreign firms as strategic investment that creates long-term value rather than for short-term financial restructuring if the Reserve Bank of India's (RBI's) draft circular, issued on Friday, comes to fruition.
Before signing up for a BNPL plan, read the fine print carefully and watch for red flags like unclear repayment terms, vague information on interest or late fees, and marketing that downplays the cost of default.
When Kamini Kaushal passed away at 98, she missed being a centenarian by just two years. But there is very little else that she missed out on in her long, rich, creatively fulfilling life.
As someone who could not predict a single beat in advance, who was exhilarated by its audacity to throw random elements together and take chances all over the place, Sreehari Nair thinks Odum Kuthira Chaadum Kuthira is one of the best films of the year.
The Reserve Bank of India (RBI) on Wednesday kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties.
Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around $11 billion, they added. Tata Capital is likely to make its stock market debut by September 30.
Earlier, such entities were only permitted to invest their rupee surplus balance in accounts in central government securities, including treasury bills. "It has now been decided to also permit investment of these balances in non-convertible debentures/bonds and commercial papers issued by an Indian company," the RBI said.
Private equity investments in Indian real estate dropped 15 per cent in July-September to USD 819 million amid global uncertainties, according to property consultant Anarock.
K L Rahul has become the co-owner of the Goa Guardians franchise ahead of the fourth season of the Prime Volleyball League.
'Given the lag in transmission, further softening of lending rates may happen in the coming months.'
'In times of adversity, families unite, but the reverse is happening in the Lalu family.'
