India

India lowers priority sector lending obligation of small finance banks

It is now just 60% overall, although flexible allocation is now just 20%.
11 hours ago

India’s new gold-backed loan rules changes competitive landscape

Lenders will have to gauge repayment capability using income and cash flows.
4 days ago

India’s payments central body launch training programmes for cybersecurity

They will also develop an exclusive NPCI-certified payment security cert. programme.

India revises instructions for unclaimed and inoperative deposit accounts

Accounts covered are those unoperated and amounts unclaimed for 10 years or more.

SMBC clinches approval to open branch in Bengaluru, India

This is the Japanese megabank’s fifth branch in the country.

India’s consumer lending growth slows in 2025

Consumer demand for mortgages and personal loans will be dampened, it said.

India’s gov’t owned NBFIs to further grow market share

Loan growth for such entities is expected to be 15% per annum in the next two years.

HDFC Bank revamps Biz+ Current Accounts with four tiers

It offers businesses cash deposit limits, insurance, and special offers, amongst others.

NBFCs emerging as key lender to India’s micro and small businesses

They outpaced banks in growing their share of MSME loans.

Credit Saison India secures $150m funding from Japan’s Mizuho Bank

Mizuho Bank had earlier made an equity investment for a 15% stake in the company.

Japan’s SMBC is buying a 20% stake in India’s Yes Bank

Yes Bank is India’s sixth-largest private sector commercial bank in India.

Ashika Credit Capital to consolidate two businesses and launches new subsidiary

Its new subsidiary will focus on Category II alternative investment funds.

India’s InCred Wealth names head for family office business

The wealth management firm will offer tailored solutions to UHNWIs and business families.

Money transfer firm Wise hiring hundreds of roles in Hyderabad

It will launch a new hub in the city in the second half of 2025.

India’s Axis Bank unveils in-app mobile OTP feature

Instead of text messages, clients can get their OTPs via their app.