In recent years, several financial institutions in India have faced serious crises that shook investor confidence and raised concerns about the stability of the banking and financial system. The Reserve Bank of India (RBI), India’s central banking authority, has repeatedly emphasized that many of these failures were not merely due to economic conditions but were […]
In a significant development for India’s banking sector, Fino Payments Bank has confirmed that its transition to a Small Finance Bank (SFB) is progressing as planned. The bank has stated that it is on track to meet the 18-month regulatory deadline set by the Reserve Bank of India (RBI). This move marks a crucial milestone
The Employees’ Provident Fund (EPF) continues to remain a stable and reliable investment avenue for millions of salaried employees in India. In a significant development, the Employees’ Provident Fund Organisation (EPFO) has decided to retain the interest rate at 8.25%, rejecting a proposal to reduce it to 8.10% for the current financial year. Here’s what
India’s economy has once again demonstrated resilience and strength, registering a robust 7.8% growth in the quarter ending December. The stronger-than-expected performance highlights the country’s steady recovery momentum and reinforces its position as one of the world’s fastest-growing major economies. Strong GDP Performance in Q3 According to official data released by the Ministry of Statistics
India’s female economy is emerging as one of the most powerful growth drivers of the decade. With rising education levels, digital access, entrepreneurship, and policy support, women are increasingly shaping consumption, enterprise creation, and workforce participation. Yet, access to affordable capital remains a critical barrier. This is where blended finance is playing a transformative role-de-risking
Former C. Rangarajan, ex-Governor of the Reserve Bank of India, has raised important concerns regarding the recommendations and broader approach of the 16th Finance Commission. His observations have sparked renewed debate on fiscal federalism, revenue sharing, and the financial health of states in India. Understanding the 16th Finance Commission The Finance Commission plays a crucial
India’s Finance Minister, Nirmala Sitharaman, has delivered a strong and timely message to the country’s banking sector: focus on core banking activities and put an end to mis-selling practices. Her remarks come at a crucial time when banks are navigating economic recovery, credit growth, and increasing regulatory scrutiny. A Call to Return to Core Banking
In a significant move aimed at improving trade efficiency and reducing delays, the Union Finance Ministry has directed stricter monitoring and rationalization of queries within the faceless customs assessment system. The decision is expected to streamline import-export processes while maintaining transparency and accountability. Background: What is the Faceless Customs Assessment System? The faceless customs assessment
In her response to the ongoing debate on the Union Budget 2026-27 in the Lok Sabha, Union Finance Minister Nirmala Sitharaman offered a firm clarification on a key fiscal concern affecting India’s states: tax devolution. Amidst discussions and some political criticisms, the Finance Minister made it clear that no state’s share of tax devolution has
For decades, the finance industry has operated like a well-oiled profit machine. From transaction fees and advisory commissions to credit spreads and asset management charges, financial institutions have built stable, recurring revenue models. But artificial intelligence (AI) is now emerging as a disruptive force — one that could fundamentally reshape how profits are generated across
