New Delhi, May 5 (KNN) India’s non-food credit grew 15.9 per cent year-on-year (YoY) in FY2025–26, indicating strong lending momentum. According to data released by the Finance Ministry on Tuesday, total outstanding bank credit stood at Rs 212.9 lakh crore as of March 2026, an increase of Rs 29.2 lakhContinue Reading
New Delhi, May 5 (KNN) The Reserve Bank of India has cautioned the public against misleading campaigns that falsely promise loan waivers, stating that such activities could lead to financial losses and disrupt the country’s credit system. In a statement, the central bank referred to its earlier advisory issued onContinue Reading
New Delhi, May 6 (KNN) The Global Trade Research Initiative (GTRI) has urged the government to withdraw Quality Control Orders (QCOs) on fasteners, warning that the regulations are increasing costs, reducing supply, and disrupting manufacturing operations without delivering clear quality benefits. According to GTRI, the current framework imposes a rigidContinue Reading
New Delhi, May 6 (KNN) The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to define the prudential treatment of specified non-financial assets (SNFAs), inviting public comments until May 26, 2026. SNFAs refer to immovable assets acquired by regulated entities (REs) in full or partial settlement of loans,Continue Reading
New Delhi, May 6 (KNN) The Ministry of Steel has sought stakeholder suggestions on easing or removing mandatory Bureau of Indian Standards (BIS) certification requirements for the fastener industry, amid concerns over rising compliance costs, supply disruptions, and pressure on Micro, Small and Medium Enterprises (MSMEs). The move comes asContinue Reading
New Delhi, May 6 (KNN) A prolonged conflict in West Asia, leading to shipping disruptions and higher energy prices, could significantly impact India’s economic growth and potentially pull GDP expansion below 6.5 per cent, according to Confederation of Indian Industry (CII) President Rajiv Memani. He noted that the ongoing energyContinue Reading
Mumbai, May 6 (KNN) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said banking and insurance regulators are not in favour of allowing their regulated entities to participate in the commodity derivatives market due to certain concerns. Speaking at IMC Chamber of Commerce and Industry’sContinue Reading
