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NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil rerouted mid-voyage from India to China, with payment-related issues appearing to be the main reason behind the change in declared destination.The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, had earlier indicated Vadinar in Gujarat as its destination. If the cargo had reached India, it would have marked the country's first Iranian crude purchase in nearly seven years.According to ship-tracking firm Kpler, ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, dropping India as its destination and rerouting to China, in a move that underscores ongoing challenges in resuming oil trade with Iran.The Aframax tanker Ping Shun, which had been signalling Vadinar in Gujarat earlier this week, is now indicating Dongying in China as its destination, according to ship-tracking firm Kpler. The vessel was expected to deliver what would have been India's first Iranian c ...Read More >
New Delhi, Apr 3 (PTI) A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confir ...Read More >
New Delhi, April 2: India's small business credit ecosystem maintained stable momentum in the December 2025 quarter, with total credit exposure rising 14.9 per cent year-on-year to Rs 47.8 lakh crore, a report showed on Thursday. Sole proprietors dominate lending landscape The joint analysis by CRIF and SIDBI highlighted that sole proprietors continued to anchor the small business lending space, accounting for nearly 80 per cent of total portfolio outstanding. Pure sole proprietors accounted ...Read More >
New Delhi [India], April 2: Digital lending apps have made borrowing quicker and more convenient than before. However, comparing options before choosing a Personal Loan app is important to avoid high charges or inflexible repayment terms. Selecting a loan app without reviewing key features can lead to unexpected costs or poor customer support. This guide outlines key features to help you assess your options effectively, enabling you to choose a more secure and cost-effective borrowing option. A ...Read More >
VMPL New Delhi [India], April 2: Digital lending apps have made borrowing quicker and more convenient than before. However, comparing options before choosing a Personal Loan app is important to avoid high charges or inflexible repayment terms. Selecting a loan app without reviewing key features can lead to unexpected costs or poor customer support. This guide outlines key features to help you assess your options effectively, enabling you to choose a more secure and cost-effective borrowing opti ...Read More >
Mumbai: The Reserve Bank of India (RBI) has clarified that loans to individuals for purchase of shares and other eligible securities will be capped at ₹1 crore per borrower across the entire banking system, while borrowing for subscribing to shares through initial public offerings, follow-on offers or employee stock option plans will be limited to ₹25 lakh per individual. RBI had earlier announced the limits would be raised to ₹1 crore from ₹20 lakh. Loans against shares, IPO funding and ESOP ...Read More >
Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. Also Read | Sadak Suraksha Abhiyan 2026: Aamir Khan Talks About Road Safety, Shares Strict Rule He Has Taught His Children (Watch Video) ...Read More >
NewsVoir Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. The card is free to own and use, with no joining fee, no annual fee, and no maintenance charge of any kind. Payments through t ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The Reserve Bank of India (RBI) has deferred the implementation of its revised capital market exposure framework by three months, changing the effective date to July 1, 2026, from the earlier April 1 deadline. The decision comes after feedback from banks, capital market intermediaries (CMIs), and industry bodies, which highlighted operational and interpretational challenges in implementing the new norms. The central bank had initially issued the amendment d ...Read More >
PNNNew Delhi [India], March 30: Life surprises you with unexpected turns. You think you have things under control and something sudden leaves you scrambling to fix things. Such instances are often accompanied by financial distress. To cope, you may consider a personal loan, which is an easy credit option with flexible terms. But what if you already have one? Can you get another, or can you simply opt for a top-up? Both options have their own perks. For instance, FIRSTmoney personal loan by IDFC ...Read More >
New Delhi [India], March 30: Life surprises you with unexpected turns. You think you have things under control and something sudden leaves you scrambling to fix things. Such instances are often accompanied by financial distress. To cope, you may consider a personal loan, which is an easy credit option with flexible terms. But what if you already have one? Can you get another, or can you simply opt for a top-up? Both options have their own perks. Also Read | UP Man Marks Divorce With 9 KM 'Danda ...Read More >
PNN New Delhi [India], March 30: Life surprises you with unexpected turns. You think you have things under control and something sudden leaves you scrambling to fix things. Such instances are often accompanied by financial distress. To cope, you may consider a personal loan, which is an easy credit option with flexible terms. But what if you already have one? Can you get another, or can you simply opt for a top-up? Both options have their own perks. For instance, FIRSTmoney personal loan by ID ...Read More >
Mumbai (Maharashtra) [India], March 30 (ANI): Dark clouds of selling continued to hover over Dalal Street on Monday morning as Indian benchmark indices opened sharply lower amid rising geopolitical tensions and surging crude oil prices. The Nifty 50 opened at 22,549.65, declining by 269.95 points or (-1.18 per cent), while the BSE Sensex slipped to 72,603.07, falling by 980.15 points or -1.33 per cent in early trade. Also Read | Bank Holiday: Are Banks Open or Closed on 31st March for Mahavir ...Read More >
Bangalore : Axis Mutual Fund, one of India's leading asset management companies, today announced the launch of the Axis Income Plus Arbitrage Passive FOF, an innovative open-ended scheme designed to offer investors a blend of stability, predictability, and tax efficiency. The New Fund Offer (NFO) will open for subscription on Oct 28, 2025, and close on Nov 11, 2025. The fund is managed by Devang Shah (Head - Fixed Income), Aditya Pagaria (Senior Fund Manager), Hardik Satra (Senior Fund Manager), ...Read More >
BENGALURU (Reuters) -The Reserve Bank of India on Tuesday proposed changes to the way banks assign risk weightage to loans and the so-called expected credit loss (ECL) framework, in a move aimed at aligning domestic regulations with global norms. The proposed changes seek to ease the risk weightage, or capital that must be set aside, for different types of loans. Major changes include differentiated risk weights for corporate loans, loans to micro, small and medium enterprises (MSMEs) as well ...Read More >
Mumbai, Oct 1 (PTI) To enhance the resilience of the financial sector, the Reserve Bank on Wednesday announced that the expected credit loss (ECL) framework for provisioning is proposed to be made applicable to all financial institutions from April 1, 2027. Announcing the fourth bi-monthly monetary policy, RBI Governor Sanjay Malhotra said the ECL framework of provisioning with prudential floors is proposed to be made applicable to all Scheduled Commercial Banks (excluding Small Finance Banks ( ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, me ...Read More >
Mumbai: Traditionally, banks were barred from lending for buying gold or silver or offering loans secured by primary gold or silver. But under new guidelines, a carve‑out allows scheduled commercial banks (SCBs) to extend working capital loans to jewellers and businesses that use gold as raw material. This change means that manufacturers who rely on gold inputs -- beyond jewelry makers -- can now access credit backed by gold. More Flexibility in Interest Spreads and Rate Resets Previously, ban ...Read More >
New Delhi: The Reserve Bank of India (RBI) issued new guidelines for small business loans, increasing the lending flexibility for banks, in adjusting the additional interest or spread charged over the loan term. The RBI has also eased lending restrictions for businesses that depend on gold as a raw material. "Banks are generally prohibited from lending for the purchase of gold or silver in any form, or lending against the security of primary gold or silver. However, a carve-out has been allowe ...Read More >
Mumbai (Maharashtra) [India], September 15: L&T Finance Ltd. (LTF), one of the leading retail financiers in the country, has introduced its latest TV commercial (TVC), Just Zoom Two-wheeler Loans, featuring its brand ambassador, Jasprit Bumrah. The campaign tagline Bumrah Ki Speed Par, cleverly draws parallels between Bumrah speed and precision with LTF swift and seamless Two-wheeler financing. The TVC was strategically launched during the ongoing Asia Cup 2025 for maximum impact and reach. L&T ...Read More >
Excelsior Correspondent MUMBAI, Sept 12: Buoyed by a significant surge in operating profit, the Bombay Mercantile Cooperative Bank unveiled a series of new initiatives including innovative loan products and strategic deployment of surplus funds to propel its growth trajectory to new heights. At the 88th Annual General Meeting (AGM) today, Chairman Zeeshan Mehdi addressed stakeholders, highlighting the Bank's strong financial performance for the Financial Year 2024-25. The Bank's operating pro ...Read More >
Kolkata, Sep 12 (PTI) The Engineering Export Promotion Council (EEPC), India, has urged the government to provide support to absorb a part of the punitive tariff imposed by the US on engineering exports. It also requested the Centre to reinstate the Interest Equalisation Scheme (IES) and ensure affordable export finance. During a meeting with Reserve Bank of India Governor Sanjay Malhotra, EEPC India Chairman Pankaj Chadha stated that the engineering sector was under pressure due to the recent ...Read More >
Bhopal: Ahead of the Supreme Court hearing from September 23, an all-party meeting was hosted by Madhya Pradesh Chief Minister Mohan Yadav on Thursday at his official residence, where a formal resolution to ensure the full 27% reservation for Other Backward Classes (OBCs) has been unanimously adopted, marking a decisive shift in the state's legal and administrative posture. Backed by all major parties, the resolution affirms that the remaining 13% of the quota, on top of the 14% already impleme ...Read More >
Mumbai, Aug 28 (PTI) India's natural diamond polishing industry faces a 28-30 per cent fall in revenues to USD 12.50 billion in this financial year as the steep 50 per cent tariff imposed on Indian exports by the US kicks in, a report said on Thursday. An additional 25 per cent tariffs on Indian products entering the American market came to effect on Wednesday after the US administration's move to penalise India for purchasing Russian oil. This is on top of the 25 per cent the reciprocal tariff ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Jan ...Read More >
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster managemen ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is incr ...Read More >
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