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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

Energy

IREDA and Indian Overseas Bank Join Forces to Boost Renewable Energy Financing

News Desk -
To accelerate the growth of renewable energy in India, the Indian Renewable Energy Development Agency Ltd. (IREDA) and Indian Overseas Bank (IOB) have formalized...
BFSI

REC Limited Issues Inaugural Japanese Yen Green Bonds for Sustainable Energy Projects

News Desk -
REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has successfully issued its inaugural Japanese Yen (JPY) 61.1 billion Green...
BFSI

RBI Raises Concerns Over High Credit-Deposit Ratios in Banks

News Desk -
The Reserve Bank of India (RBI) has voiced apprehensions regarding the soaring Credit-Deposit (CD) ratios observed in certain banks, particularly expressing concern over some...
BFSI

RBI Proposes Stringent Norms for Deposit-Taking Housing Finance Companies

News Desk -
In a move aimed at enhancing the regulatory framework for deposit-taking housing finance companies (HFCs), the Reserve Bank of India (RBI) has unveiled a...
Banking

Direct Tax Collections Surge, Exceeding Expectations with 16.77% Growth

News Desk -
In a recent financial development, provisional figures of Direct Tax collections up to January 10, 2024, reveal robust growth, surpassing expectations. The data indicates...
News

India Post Payments Bank and Hindustan Zinc Forge Alliance for Rural Financial Transformation

Newsdesk -
In a landmark collaboration set to revolutionize the financial landscape of rural Rajasthan, the India Post Payments Bank (IPPB) and Hindustan Zinc Limited (HZL),...
News

Top Business Leaders Pledge Historic Investments of Over $62 Billion at the 10th Vibrant Gujarat Global Summit

Newsdesk -
The 10th edition of the Vibrant Gujarat Global Summit kicked off with resounding success as top business leaders pledged investments exceeding $62 billion (₹5...
News

India and UAE Aim for $100 Billion Bilateral Trade

News Desk -
In a significant address at the 'UAE India Business Summit' during the 10th edition of the Vibrant Gujarat Global Summit, Union Minister of Commerce...
News

Finance Minister Proposes IFSC Platform to Bridge $10.1 Trillion Funding Gap for Net Zero Commitment

News Desk -
In a crucial announcement, Finance Minister Nirmala Sitharaman revealed that India is facing a substantial $10.1 trillion funding gap to achieve its net-zero commitment...
Economy

Robust Growth Forecasted for India’s Capital Markets in 2024, $50 Billion Expected in Equity Issuances and Deals

News Desk -
Kotak Investment Banking projected a bustling year for India's capital markets, foreseeing a potential record-breaking performance surpassing 2021. Managing Director and CEO S Ramesh...
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