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
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
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
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
FATF’s Call Against Shell Companies: The global financial crime watchdog, the Financial Action Task Force (FATF), has issued a sharp warning to countries over the risks posed by shell companies. FATF President Elisa de Anda Madrazo described them as the “getaway car” for criminals, enabling illicit actors to move money across borders undetected. Speaking in … Read more
GST 2.0 Gets the Green Light: India’s indirect tax structure is set for one of its biggest overhauls since the launch of the Goods and Services Tax (GST) in 2017. At the 56th GST Council meeting held on September 3 in New Delhi, Union Finance Minister Nirmala Sitharaman announced sweeping reforms under the framework of … Read more
Loans Against Mutual Funds : PhonePe, one of India’s leading fintech platforms, has partnered with DSP Finance to launch an innovative Loans Against Mutual Funds (LAMF) product. This new offering allows users to unlock liquidity from their existing mutual fund investments, providing secured credit lines of up to Rs 2 crore. The initiative is designed … Read more
Muthoot Finance USD 600 Million Notes: Muthoot Finance Limited, a leading financial services company in India, has approved the settlement and allotment of USD 600 million 6.375% Senior Secured Notes due 2030 under its US$ 2 billion Global Medium Term Note Programme. The decision was made by the Finance Committee of the Board of Directors … Read more