New Delhi, Jun 17 (KNN) India’s financial services sector is entering a critical transition phase, requiring deeper credit penetration, broader financial participation and more efficient capital allocation as the country advances towards its ambition of becoming a USD 30-35 trillion economy by 2047, according to Deloitte India’s State of FinancialContinue Reading
New Delhi, Jul 11 (KNN) India’s banking sector is expected to witness a strong recovery in earnings over the next few years, with profits projected to grow at a compound annual growth rate (CAGR) of around 15 per cent between FY26 and FY28, according to a report by Motilal OswalContinue Reading
New Delhi, Jul 27 (KNN) Axis Finance Limited (AFL) has launched a configurable digital platform, Axis Finance Drishti, aimed at improving credit decision-making and strengthening risk oversight across its retail and micro, small and medium enterprise (MSME) lending operations. In its first phase, the company has deployed the in-house BusinessContinue Reading
New Delhi, Aug 7 (KNN) The government is preparing to introduce a formal regulatory framework for digital gold by next year, aiming to enhance transparency, strengthen consumer protection and standardise operations in the rapidly growing investment segment. Government, Regulators Hold Consultations On Digital Gold Framework The proposed framework follows consultationsContinue Reading
New Delhi, Apr 10 (KNN) The Reserve Bank of India (RBI) has issued final guidelines aimed at accelerating cross-border inward payments, seeking to reduce delays in crediting funds to beneficiaries. The central bank said the move is intended to address operational frictions and ensure quicker communication of payment information, enablingContinue Reading
New Delhi, Apr 28 (KNN) The Reserve Bank of India (RBI) is set to implement an expected credit loss (ECL)-based provisioning framework for banks from April 2027, marking a shift from the current incurred loss approach to a more forward-looking system of recognising credit risk. The proposed framework aims toContinue Reading
New Delhi, May 14 (KNN) The Government of India has announced an auction-based switch of government securities worth Rs 30,000 crore in face value as part of its debt management strategy. Rs 30,000 Crore Securities Switch Auction Announced According to the notification, market participants will be required to submit bidsContinue Reading
