In a significant move for India’s banking sector, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has agreed to acquire a 20% stake in Yes Bank for approximately ₹13,480 crore ($1.58 billion). This acquisition marks the largest cross-border merger and acquisition deal in India’s financial sector. SMBC will purchase a 13.19% stake from the State Bank of […]
Indian stock markets experienced a significant surge, with benchmarks jumping over 2.5% in early trading on Monday, driven by relief after India and Pakistan reached a ceasefire following recent military escalations. The Nifty 50 rose to 24,700.05, and the BSE Sensex reached 81,689.46, recovering losses from the previous week. Small- and mid-cap indices outperformed, rising
In a strong message aimed at safeguarding the financial stability of the country, the Honourable Finance Minister has directed all public and private sector banks to remain fully alert and proactive amid evolving economic conditions and emerging risks. During a recent high-level meeting with senior officials and bank representatives, the Finance Minister emphasized the need
India’s Central Bank Digital Currency (CBDC), the Digital Rupee (e₹), is witnessing growing adoption across the country. As of April 2024, approximately 4.6 million customers and 400,000 businesses have registered to use the digital rupee. Major retailers like Reliance Retail have begun accepting e₹, and payment platforms such as Google Pay and PhonePe are integrating
After over three years of negotiations, the United Kingdom and India have finalized a comprehensive free trade agreement. This deal significantly reduces tariffs on a range of goods, including a phased reduction of whisky and gin tariffs in India from 150% to 40% over ten years. Additionally, 99% of Indian exports like textiles, food, and
Moody’s Ratings projects India’s GDP to expand by 6.6% in the fiscal year ending March 2025. This growth is expected to bolster the profitability of Non-Banking Financial Companies (NBFCs) by fueling robust loan demand, even amidst rising funding costs. The strong economic conditions are anticipated to help NBFCs maintain asset quality despite potential increases in
In a groundbreaking move this May, the Reserve Bank of India (RBI) has greenlit the use of AI-based credit scoring models to serve new-to-credit (NTC) borrowers—especially gig workers, students, and rural citizens. Unlike traditional CIBIL scores, these AI models analyze mobile payment history, digital footprint, and utility bill payments to generate dynamic, real-time scores. 🤖📱
India has just launched its second tranche of Sovereign Green Bonds (SGBs) this May, offering investors a golden opportunity to earn while contributing to a sustainable future. These government-backed bonds are aimed at funding green infrastructure—solar parks, wind energy, electric mobility, and more. With a 10-year maturity and competitive interest rates, they’ve become a favorite
As of early May 2025, the Nifty 50 index is trading near the 24,500 mark, sparking discussions about its potential to reach or surpass the 25,000 level within the month. Technical Indicators:Analysts suggest that if the Nifty 50 maintains its position above 24,500, it could test the 25,000 resistance level. A sustained move beyond 25,000
India’s primary market is poised for significant activity in 2025, with 75 companies preparing to launch initial public offerings (IPOs), potentially raising ₹2.5 lakh crore. This ambitious pipeline underscores the continued momentum in the equity capital market, following a record-setting 2024. Noteworthy upcoming IPOs include HDB Financial Services, targeting ₹12,500 crore; Hexaware Technologies with a
