Anusha N 
AU Small Finance Bank CFO: In a deeply saddening development, AU Small Finance Bank announced the sudden demise of its Chief Financial Officer (CFO), Vimal Jain, who passed away early Wednesday morning due to a cardiac arrest. Jain was just 45 years old and had been an integral part of the bank since 2010, playing … Read more
US Consumer Finances and Economic Outlook: Despite growing concerns over the U.S. economic outlook, consumer finances remain strong, and credit performance is holding steady, according to leading banking executives from Bank of America, Citigroup, and Wells Fargo. This comes even as recent data shows a slowdown in job creation, signaling potential challenges ahead for the … Read more
Rick Perry-Led Company Seeks DOE Loan: Fermi America, a company founded by former U.S. Energy Secretary Rick Perry, is positioning itself at the forefront of the artificial intelligence (AI) infrastructure boom by planning one of the largest energy and data center complexes in the nation. The company recently filed for an initial public offering (IPO) … Read more
Ujjivan Small Finance Bank: Ujjivan Small Finance Bank has announced plans to raise approximately ₹2,000 crore over the next 18–24 months through the Qualified Institutional Placement (QIP) route. The move aims to strengthen the bank’s capital base and support its long-term growth trajectory as it continues to expand its operations across India. The announcement follows … Read more
New Jersey Teachers Get Student Loans: New Jersey teachers are receiving major financial relief through the New Jersey Teacher Loan Redemption Program, a targeted initiative designed to tackle ongoing teacher shortages across the state. So far, nearly 170 public school teachers have had their student loans partially or fully paid off through this program, according … Read more
RBI New Co-Lending Norms: The Reserve Bank of India (RBI) has recently introduced new guidelines for co-lending between banks and non-banking financial companies (NBFCs), aimed at enhancing transparency, risk management, and customer protection. While the rules are expected to strengthen the financial ecosystem in the long run, banks and NBFCs anticipate a decline in co-lending … Read more
Stocks to Watch Today: Indian equity markets are poised for a positive start on Monday, September 8, 2025, amid mixed global cues and domestic developments. According to early signals from GIFT Nifty, futures were up 71 points at 24,918, indicating a potential higher opening for key indices. On Friday, the Sensex slipped marginally by 7 … Read more
India’s Consumption Loans: India’s consumption loan market witnessed a sharp rise in the first quarter of FY26, with total outstanding loans climbing 14.5% year-on-year to ₹105.6 trillion. The growth was primarily led by gold loans, which recorded an exceptional surge, while segments such as personal loans and credit card originations slowed down, according to the … Read more
Bank of Baroda Classifies RCom Loan: In a significant development in the Reliance Communications (RCom) saga, Bank of Baroda (BoB) has classified the loan account of the insolvent telecom company as fraudulent, citing alleged misutilisation of loans extended over a decade ago. The move follows similar actions by State Bank of India (SBI) and Bank … Read more
Rupee vs U.S. Dollar: The Indian rupee opened with a slight recovery on Friday, September 5, 2025, gaining 1 paisa to settle at 88.11 against the U.S. dollar in early trade. The rebound comes after the domestic currency had touched its record low earlier this week, driven by sustained foreign outflows and global macroeconomic pressures. … Read more