New Delhi, Apr 9 (KNN) The Reserve Bank of India (RBI) is set to introduce a new framework to classify non-banking financial companies (NBFCs) into three categories—upper, middle, and lower layers, Governor Sanjay Malhotra said following the latest monetary policy announcement. He indicated that the framework will be rolled outContinue Reading
New Delhi, Apr 9 (KNN) The Reserve Bank of India (RBI) has released draft directions for the Trade Receivables Discounting System (TReDS) on Wednesday, aiming to streamline and harmonise existing regulations to improve access to finance for Micro, Small and Medium Enterprises (MSMEs). The draft, titled Reserve Bank of IndiaContinue Reading
New Delhi, Apr 9 (KNN) Bank credit growth in India is projected to moderate to around 13 per cent in the current fiscal, slightly lower than the estimated 14 per cent growth in FY26, according to a report by Crisil Ratings. The report said the expansion will be supported byContinue Reading
New Delhi, Apr 9 (KNN) The proposed amendments to the Insolvency and Bankruptcy Code signal a significant shift in India’s insolvency framework, allowing defaulting company promoters a chance to retain control and attempt revival under creditor supervision. The move comes amid emerging stress in certain sectors due to globalContinue Reading
New Delhi, Apr 9 (KNN) Securitisation transactions in India surged to over Rs 65,000 crore in the January–March quarter of FY26, taking the full-year total to a record Rs 2.55 lakh crore, according to Crisil Ratings. This reflects a 20 per cent year-on-year (YoY) rise in the fourth quarter andContinue Reading
New Delhi, Apr 9 (KNN) The World Bank has revised India’s GDP growth projection for FY27 upward to 6.6 percent in its latest South Asia Economic Update, from an earlier estimate of 6.3 percent, reaffirming the country’s position as the fastest-growing major economy globally. Growth Outlook Remains Strong DespiteContinue Reading
New Delhi, Apr 9 (KNN) With Parliament passing the Jan Vishwas (Amendment of Provisions) Bill, 2026 to decriminalise minor offences and promote a more facilitative regulatory environment, compliance burden is set to ease significantly for trade and businesses especially micro, small and medium enterprises (MSMEs). Building on earlier reforms,Continue Reading
