UPI Introduces 0.3% Merchant Fee on Transactions Over ₹2,000
UPI to implement a 0.3% merchant discount rate on transactions above ₹2,000. Learn about the impact on businesses and consumers.
Shriram Finance Slashes Loan Costs After Credit Upgrade
Shriram Finance, a leading Indian non-bank lender, reduced borrowing costs on its $1.3B syndicated loan by 60-80 basis points following a credit rating upgrade.
RBI Board: Anand Mahindra Reappointed, Somanath Panicker Appointed
Anand Mahindra reappointed, Somanath Panicker joins RBI Central Board as part-time directors. Key appointments for India’s central banking oversight.
Laxmi India Finance to Raise ₹100 Cr via NCDs
Laxmi India Finance plans to raise ₹100 crore through private placement of NCDs. Board meeting on August 25, 2026, to approve the fundraising.
India’s Private Credit Market Dominated by Domestic Funds
Domestic funds captured 74% of India’s private credit deal value in H1 2026, signaling a significant shift in local capital’s role, driven by corporate financing needs.
RBI Advances FCNR(B) Deposit Deadline to Aug 31
RBI moves FCNR(B) deposit swap facility deadline to August 31, 2026. NRIs & OCIs, act fast to benefit from higher interest rates without INR risk.
PSBs’ Low Forex Derivative Use Hurts MSMEs: RBI DG Jain
RBI Deputy Governor Rohit Jain points out public sector banks’ low forex derivative market participation, limiting MSMEs’ currency risk hedging options. Learn more.
South Indian Bank Approves Dividend & New MD/CEO
South Indian Bank shareholders greenlit a ₹0.45 dividend for FY26 and appointed Mahesh Muralidhar Pai as MD & CEO at the AGM, alongside a ₹1,000 crore fundraising approval.
RBI Deputy Governor: UCBs Face Rising Cyber Risks
RBI Deputy Governor Swaminathan J warns Urban Co-operative Banks (UCBs) about escalating cyber and operational risks due to increasing reliance on third-party technology providers.
SBI Amends Basic Savings Account Rules: AePS Added to Free Limit
State Bank of India revises Basic Savings Bank Deposit account rules from Oct 1, 2026. AePS withdrawals now count towards the 4 free monthly transactions.
India Private Credit Deals Drop 61% to $3.5B in H1 2026
India’s private credit market saw a sharp 61% decline in H1 2026, with deal values falling to $3.5 billion amid macroeconomic volatility and shifting fund dynamics.
India’s Green Energy Faces Grid Woes: Low-Cost Loans Explored
India considers low-cost loans for renewable energy producers hit by transmission bottlenecks, impacting solar output and causing significant financial losses.
RBI Promotes Local Currency Trade, Warns on Forex Platforms
RBI Deputy Governor stresses local currency use for trade efficiency and warns against unauthorized online forex platforms. Learn more.
Home Loan Rates: How 1% Impacts Your Wallet
Discover how even small home loan interest rate differences impact your total repayment. Learn why comparing rates is crucial for new earners in India.
Claim Unclaimed Bank Deposits in India: A Guide for Heirs
Discover how to trace and claim forgotten bank deposits in India’s DEA Fund, now exceeding ₹98,000 crore. A guide for heirs to recover lost funds.
UP Leads India’s Used Car Loan Growth at 32.6% CAGR
Uttar Pradesh leads India’s used-car loan market with a 32.6% CAGR. Explore the boom, opportunities, and credit risks for first-time borrowers.
Free Airport Lounge Access Credit Cards (August 2026)
Find credit cards offering free airport lounge access without spending minimums as of August 2026. Travel smarter with these exclusive perks.
RBI Eyes $80B Inflows: India’s Rupee Measures Boost Forex Reserves
India’s central bank anticipates over $80 billion in foreign currency inflows from recent rupee support measures, with $56.85 billion already secured by August 13.
Aditya Birla Capital Stock Surges on Gold Loan Business Entry
Aditya Birla Capital shares jumped 2.65% after announcing its strategic entry into the Gold Loan business, slated for launch by March 2027. Market shows positive response.
Income Tax Dept Cracks Down on Overseas Remittances
India’s Income Tax Dept is intensifying scrutiny on overseas remittances, verifying entities and professionals issuing remittance certificates due to fraudulent donation schemes.
Aditya Birla Capital Shares Rise on Gold Loan Venture Launch
Aditya Birla Capital’s stock surges 2.72% as its NBFC arm launches a new Gold Loan offering, planning 200-300 branches by March 2027 to expand its secured lending portfolio.
HDFC Bank Shares Rise on RBI Nod for LIC Stake Increase
HDFC Bank shares surged after RBI approved LIC’s stake increase to 9.99%. Q1 FY27 net profit rose 5% to Rs 19,059 crore. Market sentiment positive.
Jefferies Rates Bajaj Housing Finance ‘Hold’ Amid Premium Valuations
Jefferies initiates coverage on Bajaj Housing Finance with a ‘Hold’ rating and Rs 92 price target, citing premium valuations that may limit future upside.
LIC gets RBI nod to increase HDFC Bank stake to 9.99%
Life Insurance Corporation of India (LIC) receives RBI approval to raise its stake in HDFC Bank to 9.99%, a significant increase from its current 4.11% holding.
India Vehicle Loans: High Debt & Used Car Boom
Nearly half of Indian vehicle loan borrowers have significant debt exceeding ₹60 lakh. Explore the rising used car finance trend and its impact.
LIC Gets RBI Nod to Increase HDFC Bank Stake to 9.99%
RBI approves LIC’s proposal to raise its stake in HDFC Bank to 9.99%. Learn about the regulatory conditions and implications for the banking sector.
LIC to Nearly Double HDFC Bank Stake to 9.99% After RBI Nod
Life Insurance Corporation of India (LIC) receives RBI approval to increase its stake in HDFC Bank to 9.99%, a significant move for the insurer and the banking sector.
Ashish Dhawan Invests ₹760 Cr in RBI-Challenged IIFL, Religare
Ace investor Ashish Dhawan commits ₹760 crore to IIFL Finance and Religare Enterprises, despite recent RBI regulatory challenges. Discover his contrarian investment strategy.
RBI Governor Defends FCNR(B) Swap Closure, $80B Inflow Expected
RBI Governor Sanjay Malhotra defends FCNR(B) swap window closure as data-driven, projecting $80 billion in forex inflows from key schemes to strengthen India’s reserves.
Nifty P/B Ratio Drops to 6-Year Low Below 3x
India’s Nifty P/B ratio hits a six-year low below 3x, impacted by banking sector underperformance and a methodology shift. Explore key valuation metrics.