RBI Plans to Introduce Polymer Banknotes from FY28: Key Details
The Reserve Bank of India (RBI) is preparing to introduce polymer banknotes from the financial year 2027–28 (FY28) as part…
RBI Plans to Restart Licensing of Urban Co-operative Banks | Key Details Explained
In a major policy initiative aimed at strengthening India’s co-operative banking sector, the Reserve Bank of India (RBI) is preparing…
Foreign Contribution (Regulation) Amendment Bill 2026: 10 Key Changes, Objectives & Impact
The Foreign Contribution (Regulation) Amendment Bill 2026 has been introduced to strengthen India’s regulatory framework governing foreign contributions received by…
Lok Sabha passes Bankers’ Books Evidence Bill, 2026
In a significant move to modernize India’s banking and legal framework, the Lok Sabha has passed the Bankers’ Books Evidence…
World Bank Approves $890 Million for India’s PM Surya Ghar Rooftop Solar Programme
India’s clean energy transition has received a significant boost as the World Bank approved a $890 million financing package to…
AU Small Finance Bank and Zaggle Launch Co-Branded Retail Credit Card with Flexible Rewards
AU Small Finance Bank (AU SFB) has partnered with Zaggle Prepaid Ocean Services Ltd. to introduce the AU Zaggle Co-Branded…
GIFT City Signs MoU with Vietnam’s Da Nang Financial Hub to Boost Investment and Fintech Cooperation
India’s International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) has signed a strategic Memorandum of Understanding…
NaBFID Backs First Credit-Enhanced Bond Issue for Think Gas Ludhiana to Boost Infrastructure Financing
India’s infrastructure financing ecosystem has taken a significant leap forward as the National Bank for Financing Infrastructure and Development (NaBFID)…
IIFCL Plans $2.3 Billion Overseas Borrowing, Raises ₹1,848 Crore Through NCD Issue
India Infrastructure Finance Company Limited (IIFCL), the Government of India’s wholly owned infrastructure financing institution, has announced an ambitious plan…
HDFC Bank Deploys Proprietary AI Platform ‘Neev’ and Real-Time Fraud Detection System
HDFC Bank has taken a major step in its digital transformation journey by launching ‘Neev’, its proprietary Generative Artificial Intelligence…
Punjab & Sind Bank Launches CBDC, Digital Gold Loan and New Banking Solutions on 119th Foundation Day
Public sector lender Punjab & Sind Bank celebrated its 119th Foundation Day by unveiling a series of digital banking initiatives,…
NPCI Partners HSBC India and JP Morgan Payments to Enable Real-Time Forex for Overseas UPI Payments
India’s digital payments revolution has taken another significant leap on the global stage. The National Payments Corporation of India (NPCI)…
IRDAI Grants Health Insurance Licence to Prudential–HCL Joint Venture, India’s 8th Standalone Health Insurer
India’s health insurance sector has received a major boost as the Insurance Regulatory and Development Authority of India (IRDAI) has…
Fintechs Capture 57% of India’s Small Personal Loan Market as Credit Stress Rises
India’s digital lending landscape is undergoing a major transformation, with fintech companies emerging as the dominant players in the small-ticket…
Eurobank Launches UPI-Based Remittance Service for Cross-Border Transfers from Greece to India
India’s Unified Payments Interface (UPI) has expanded its global footprint with Eurobank launching a UPI-based remittance service for cross-border transfers…
Tata Motors Partners with UCO Bank for Dealer Inventory Financing
Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) have entered into a partnership with UCO…
BHIM App Transactions Triple to 244 Million in May 2026
The BHIM Payments App has recorded impressive growth in digital transactions, with monthly transaction volumes more than tripling within a…
World Bank Approves ₹4,000 Crore for Jal Sanrakshit Haryana Project
In a major boost to water conservation and sustainable agriculture, the World Bank has approved a loan of ₹4,000 crore…
PFC Raises $300 Million in Dollar Bonds, Becomes First NBFC to Use RBI’s Special Facility
Power Finance Corporation (PFC) has raised $300 million through a five-year dollar bond issue, becoming the first non-bank financial institution…
World Bank Approves $1.5 Billion for India: 11 Million New Jobs to Be Created
In a major boost to India’s economic growth and employment generation efforts, the World Bank has approved a financing package…
ADB and Schoolnet India will expand digital learning infrastructure across 30,000 government schools.
The Asian Development Bank has partnered with Schoolnet India Limited to improve learning outcomes in India through a $10 million…
SBI Mutual Fund IPO Gets Sebi Approval, ₹13,000 Crore Issue Likely Next Month
India’s largest asset management company, SBI Funds Management Ltd, has received approval from the market regulator for its proposed initial…
World Bank Approves $1.5 Billion for India! Big Push for Jobs, Reforms and Private Investment
The World Bank has approved a $1.5 billion financing package to support India’s structural reforms and promote private sector-led job…
IRDAI Proposes Allowing Insurers to Invest Up to 5% of Surplus Funds in Private Companies
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed significant changes to insurance investment regulations, allowing insurers to…
IRDAI Forms AI Working Group to Guide Insurers on AI Governance and Risk Management
The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a dedicated working group on Artificial Intelligence (AI) to…
Canara Bank Launches FCNR(B) Special Deposit Scheme for NRIs; Offers Up to 6.50% Interest
State-owned Canara Bank has launched a new FCNR(B) Special Deposit Scheme aimed at Non-Resident Indians (NRIs), offering attractive interest rates,…
NPCI International and ACLEDA Bank Launch Cross-Border UPI Payments in Cambodia
In a significant milestone for India’s digital payments ecosystem, NPCI International Payments Limited (NIPL), the international arm of the National…
BharatPe Launches ‘BharatPe Flex’, a Credit-on-UPI Solution Powered by YES BANK
Indian fintech company BharatPe has launched ‘BharatPe Flex’, a new Credit-on-UPI solution developed in partnership with YES BANK. The product…
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…