UPI platforms are introducing credit line–based payments, allowing users to make purchases directly from pre-approved credit limits. This feature enables consumers to buy now and repay later without using traditional credit cards. For small merchants and customers with limited access to cards, this innovation improves credit accessibility. Financial institutions see this as a step toward […]
Gold loans are witnessing increased demand across India as households look for quick and collateral-backed financing. With education fees, medical costs, and festive expenses rising, many borrowers prefer gold loans due to lower interest rates and faster approval compared to unsecured loans. Banks and NBFCs are also expanding doorstep gold loan services and flexible repayment
In a significant relief for homebuyers, LIC Housing Finance has reduced its home loan interest rates, with the best offers now starting at 7.15% for borrowers with high CIBIL scores. This competitive pricing is part of a broader trend in the housing finance market as lenders adjust to the RBI’s recent rate cuts and strive
Japan’s Mitsubishi UFJ Financial Group (MUFG) has agreed to buy a 20% stake in Shriram Finance Ltd for $4.4 billion, marking one of the largest foreign investments into India’s financial sector. This deal is seen as a strong signal of global investor confidence in India’s credit growth story and financial system resilience. The investment is
In a remarkable fiscal turnaround, Uttar Pradesh has reduced its power sector debt by nearly 25% over the past five years — a stark contrast to national trends of rising liabilities in the same sector. This reduction reflects improved financial discipline, operational reforms, and effective implementation of financial restructuring programs. While many Indian states struggle
India and New Zealand have officially concluded a historic Free Trade Agreement (FTA) aimed at doubling bilateral trade over the next five years. Under the deal, New Zealand will eliminate or reduce tariffs on 95% of its exports to India, while Indian products gain duty-free access to the Kiwi market. Both countries also plan $20
The ETBFSI Converge 2025 concluded a two-day dialogue among finance leaders, policymakers, regulators, and industry experts to chart the financial ecosystem’s roadmap into 2026. The event highlighted India’s strong recent GDP performance, record-low inflation, the RBI’s policy stance, and emerging capital market opportunities as the backdrop for future growth. Discussions spanned banking reforms, fintech innovation,
Precious metals markets in India saw a slight decline in gold and silver prices today after a prolonged rally in recent sessions, providing a breather for investors and buyers. The fall in MCX prices reflects short-term profit booking and shifting sentiment as traders rebalance portfolios amid global macroeconomic developments. Despite the dip, price levels remain
Telecom major Bharti Airtel has announced a key leadership transition in its finance team with Soumen Ray appointed as Group Chief Financial Officer, effective January 1, 2026. Ray steps into the role after a strong tenure as Airtel India CFO, bringing extensive financial and corporate strategy expertise amid an era of rapid digital and 5G
Japan’s MUFG (Mitsubishi UFJ Financial Group) is making waves in India’s finance sector with a $4.4 billion investment for a 20% stake in Shriram Finance Ltd., marking one of the largest cross-border deals in Indian financial services history. The investment signals strong foreign confidence in India’s growing credit and lending market, reflecting buoyant investor sentiment
