CRD6 Article 21c and Third Country Banks: The introduction of Article 21c of the Capital Requirements Directive (CRD6) marks a significant regulatory shift for third country banks seeking to operate within the European Union (EU). Set to take full effect on January 11, 2027, this new rule imposes stricter conditions for non-EU financial institutions providing … Read more
Bajaj Housing Finance: Motilal Oswal has initiated coverage on Bajaj Housing Finance with a ‘Neutral’ rating and a target price of Rs 120, implying a potential upside of 7%. The brokerage house values the company at a price-to-book (P/B) of 3.6x for FY27 and expects steady returns over the next three years. While the housing … Read more
US and Japan Finance Chiefs: The United States and Japan have reaffirmed their commitment to maintaining market-determined exchange rates, signaling ongoing cooperation on currency matters amid evolving global economic dynamics. In a recent joint statement, the finance chiefs of both nations confirmed that discussions on foreign exchange (FX) issues will continue, underscoring their shared goal … Read more
Israel Finance Minister Visit to Gujarat: Gandhinagar, 10 September 2025 – Mr. Bezalel Smotrich, Finance Minister of Israel, along with his delegation, paid a courtesy visit to Chief Minister Shri Bhupendra Patel in Gandhinagar during his first official visit to India. The meeting focused on strengthening bilateral ties, exploring investment opportunities in GIFT City, and … Read more
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