GST collections rise 3.2% to over ₹1.94 lakh crore in May 2026
India’s gross Goods and Services Tax (GST) collections increased by 3.2 per cent year-on-year to more than ₹1.94 lakh crore…
UPI Transactions Reach Record High of ₹29.90 Lakh Crore in May 2026
India’s digital payments ecosystem achieved another landmark in May 2026 as transactions through the National Payments Corporation of India-operated Unified…
Mahindra and Manulife Insurance JV Gets Corporate Affairs Ministry Approval
The joint venture between Mahindra Group and Manulife has received the Certificate of Incorporation from the Ministry of Corporate Affairs.…
Ministry of Finance Launches Unified Portal to Trace Unclaimed Financial Assets
The Ministry of Finance has launched a unified online platform (Unified Unclaimed Assets Portal) that enables citizens to search and…
Shriram General Insurance Partners with Piramal Finance for Insurance Distribution
Shriram General Insurance (SGI) has entered into a corporate agency partnership with Piramal Finance to expand access to insurance products,…
SIDBI Partners with RRBs to Expand MSME Credit in Rural India
The Small Industries Development Bank of India (SIDBI) is working with Regional Rural Banks (RRBs) to expand affordable credit access…
UPI Powers India’s Payment Revolution as Debit Cards Fade: RBI Report
India’s digital payments ecosystem has witnessed a dramatic transformation, with the Unified Payments Interface (UPI) emerging as the country’s most…
AU Small Finance Bank partners with Intellect Design Arena for AI transformation
AU Small Finance Bank has partnered with Intellect Design Arena to deploy the company’s AI platform, “Purple Fabric”, across the…
Prudential Plc to Acquire Majority Stake in Bharti Life Insurance
Prudential plc has announced the acquisition of a 75 percent stake in Bharti Life Insurance Company Limited for approximately ₹3,500…
TVS Motor to Acquire 4.9% Stake in Jana Small Finance Bank for ₹193 Crore
TVS Motor Company has announced that it will acquire a 4.9% stake in Jana Small Finance Bank for ₹193.3 crore,…
Public Sector Banks Record Highest-Ever Net Profit of ₹1.98 Lakh Crore in FY26
India’s Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1.98 lakh crore during FY 2025–26, marking the…
GIC Re Appointed Manager of $1.4 Billion Bharat Maritime Insurance Pool
The Government of India has appointed General Insurance Corporation of India as the manager of the $1.4 billion Bharat Maritime…
DMRC Partners with Airtel Payments Bank to Launch NCMC Mobility Card
The Delhi Metro Rail Corporation (DMRC) has partnered with Airtel Payments Bank to launch co-branded RuPay “On-The-Go” National Common Mobility…
RBI Approves Kotak Mahindra Bank to Raise Stake in AU Small Finance Bank and Federal Bank
The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank to increase its aggregate shareholding to 9.99% each in…
Jio Payments Bank Partners with Ezeepay to Expand Digital Banking Access in Rural India
Jio Payments Bank has partnered with fintech platform Ezeepay to strengthen last-mile digital banking services across rural and semi-urban areas…
Indian Banks Record Strong 15.9% Credit Growth in FY26: Finance Ministry
India’s banking sector recorded robust credit growth during the financial year 2025–26, reflecting strong economic activity and rising demand for…
Motilal Oswal AMC Receives PFRDA Approval to Launch Pension Fund under NPS
Motilal Oswal Asset Management Company (Motilal Oswal AMC) has received approval from the Pension Fund Regulatory and Development Authority (PFRDA)…
Axis Bank Launches India’s First Digital Locker-Focused Branch in Delhi
Axis Bank has launched its first digital locker-focused branch in New Delhi. The branch is located at Capital Green, DLF…
ADB Unveils $70 Billion Plan to Connect Asia’s Power Grids and Digital Networks by 2035
The Asian Development Bank (ADB) has announced an ambitious $70 billion investment plan to strengthen energy and digital connectivity across…
India Post Payments Bank Launches SHG Savings Account for Women Empowerment
In a strong push towards financial inclusion and rural empowerment, India Post Payments Bank (IPPB) has introduced a Self Help…
SEBI Launches PaRRVA System: A Big Step to Verify Market Intermediaries’ Performance Claims
In a major move to enhance transparency and protect investors, the Securities and Exchange Board of India (SEBI) has operationalised…
Bank of Baroda Launches Indian Sign Language Support Through Video Calls
In a major step towards inclusive and accessible banking, Bank of Baroda has launched Indian Sign Language (ISL) support through…
Flipkart, Axis Bank & PayU Introduce Biometric Card Payments, Replacing OTPs
In a major step towards making online payments faster and more secure, Flipkart, Axis Bank, and PayU have introduced biometric…
RBI Imposes Penalty on Bandhan Bank and Muthoot Housing Finance Company
In another strict regulatory action, the Reserve Bank of India has imposed monetary penalties on Bandhan Bank and Muthoot Housing…
CCIL Revamps Trade Reporting System to Track Offshore Rupee Trades Better
In a major move to improve transparency and align with international market practices, the Clearing Corporation of India Limited is…
MobiKwik Gets RBI Nod for NBFC License
In a major development for India’s fintech sector, One MobiKwik Systems has received approval from the Reserve Bank of India…
India’s Forex Reserves Rise by Over $2 Billion to $703.3 Billion
India’s foreign exchange (forex) reserves have once again shown resilience, rising by USD 2.362 billion to reach USD 703.308 billion…
Government Forms Panel to Assess AI Risks from ‘Mythos’ Platform
The Government of India has constituted a high-level panel under C S Setty, Chairman of State Bank of India (SBI),…
Reserve Bank of India Cancels Banking Licence of Paytm Payments Bank
The Reserve Bank of India (RBI) has officially cancelled the banking licence of Paytm Payments Bank (PPBL), marking the end…
PNB Partners Kiwi to Launch Credit-Enabled UPI Payments
Punjab National Bank (PNB) has partnered with Kiwi to introduce credit-enabled UPI payments for its 180 million customers, marking a…