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Kochi, India - April 09, 2026: Gold loans in India have long been trusted for quick access to credit. The process, however, remains largely manual, time-bound and operationally intensive. Wizzmoni, a flagship brand of Wizz Financial, is now redefining that experience. Wizzmoni has introduced India's first fully Automated Gold Loan Machine, a breakthrough innovation that enables customers to complete the entire gold loan journey, from onboarding to disbursement, in real time. This is not just a ...Read More >
West Bengal Assembly Elections: BJP Likely to Announce First List of Candidates This Week More than ₹40 lakh crore in collateral-free loans have been sanctioned under the Pradhan Mantri Mudra Yojana over the past eleven years, marking a major expansion of formal credit access for India's small businesses and micro entrepreneurs. The flagship micro-credit programme, launched on April 8, 2015, has issued over 58 crore loans so far, helping individuals start or expand small enterprises across sec ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday announced a set of measures aimed at simplifying regulations for banks, improving access to finance for small businesses, and enhancing liquidity in financial markets. In its official statement, the central bank outlined steps to reduce compliance burden for banks while strengthening the overall financial system. Also Read | Sikkim State Lottery Result Today 6 PM Live: Dear Regal Wednesday Lottery Result of Apr ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday announced a set of measures aimed at simplifying regulations for banks, improving access to finance for small businesses, and enhancing liquidity in financial markets. In its official statement, the central bank outlined steps to reduce compliance burden for banks while strengthening the overall financial system. It stated, "Statement on Developmental and Regulatory Policies... This Statement sets out various d ...Read More >
New Delhi, Apr 8 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the Pradhan Mantri MUDRA Yojana, focused on funding the unfunded, will continue to empower entrepreneurs to make them active participants in the nation's journey to become Viksit Bharat by 2047. On the occasion of the 11th anniversary of the Pradhan Mantri MUDRA Yojana (PMMY), Sitharaman said India witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence ...Read More >
Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of PFC and REC to help achieve scale and improve efficiency in the public sector NBFC space The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said. Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of Power Finance Corporation ...Read More >
New Delhi: The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said. Finance Minister Nirmala Sitharaman had, in the FY27 Budget, announced the restructuring of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to help achieve scale and improve efficiency in the public sector NBFC space. "The government would ...Read More >
InCred Alternative Private Investments (InCred Alternatives) has closed its first special opportunities credit fund at a hard cap of Rs 1,500 crore, per an announcement. The close-ended Category II Alternative Investment Fund (AIF) - InCred Special Opportunities Fund-I - received commitments from domestic family offices, ultra-high-net-worth individuals, and international investors. "India's private credit market is at an early but decisive stage of institutionalisation and is very different f ...Read More >
New Delhi [India], April 7 (ANI): India's banking sector is set to close Q4FY26 on a steady footing, with credit growth holding up and deposit traction showing signs of improvement, according to Nuvama's latest sector preview. The report underscores that "loan growth sustained the momentum supported by liquidity buffers and residual CRR benefits," highlighting the system's resilience despite evolving macro conditions. Business updates released so far point to healthy credit expansion across se ...Read More >
The CBI is actively investigating the Reliance Anil Ambani Group for alleged bank loan frauds totalling a staggering ₹73,000 crore, with the Supreme Court closely monitoring the progress of the investigation. Photograph: Prashant Waydande/ReutersKey PointsThe CBI is investigating the Reliance Anil Ambani Group for bank loan frauds amounting to ₹73,000 crore.The Enforcement Directorate (ED) is investigating the Reliance Anil Ambani Group and has seized documents related to a purported 'Projec ...Read More >
New Delhi, April 6: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group (RAAG). This was revealed in a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. Supreme Court reviews investigation status After reviewing the status report filed by th ...Read More >
MUMBAI: India's banking, financial services and insurance sector, one of the most prolific advertisers in the country, delivered a split verdict on media in 2025. It spent less on television, held its nerve in print, turned up the volume on radio and deluged the internet with a ferocity that left every other medium looking pedestrian. The picture that emerges from TAM AdEx's cross-media report for the BFSI sector is of an industry in transition, still wedded to the news bulletin but increasingly ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi, Apr 6 (PTI) The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the ...Read More >
Average salary increments across India Inc. are expected to remain largely stable at 9.1 per cent in 2026, marginally higher than the 9 per cent increase recorded in 2025, according to the "Deloitte India Talent Outlook 2026" report released by Deloitte on Monday. The survey, conducted between January and February 2026, gathered responses from organisations across seven sectors and 27 sub-sectors in India, primarily from chief human resources officers and senior HR leaders. The report also rec ...Read More >
The CII proposes a 20‑point policy roadmap to address the spillover effects of the US‑Iran war on the Indian economy. Supply-side pressures arising from the West Asia war continue to persist, and businesses need targeted liquidity support, industry lobby group Confederation of Indian Industry (CII) said on Sunday. The next phase of policy response needs to focus on targeted liquidity support, credit facilitation, trade cost management and foreign exchange stability, it said in a statement o ...Read More >
New Delhi: Leading industry body CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound conflict-linked emergency credit line guarantee scheme (CL-ECLGS) and a three-month moratorium and restructuring window for MSMEs. The CII has also proposed that priority sector lending (PSL) norms may be revisite ...Read More >
New Delhi, Apr 5 (PTI) Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks t ...Read More >
Pune (Maharashtra) [India], June 26: In times of financial emergencies or when immediate funds are required, individuals often find themselves searching for convenient and reliable sources of financing. Bajaj Finance Gold Loan emerges as an ideal solution, providing quick access to funds against the security of gold jewellery. Gold loans help borrowers meet their immediate funding requirements without compromising their overall financial well-being. Applying for an instant gold loan is much eas ...Read More >
Personal loans and education loans are two popular financial products that serve different purposes. While personal loans can be used for anything, education loans are specifically for academic pursuits. Knowing the difference between the two can help you make better financial decisions. Here are the key differences between personal loans and education loans, from their purpose to interest rates. Personal loans are flexible and can be used for anything, be it medical expenses, home renovations, ...Read More >
Summary Over the next three years, the first phase of the growth plan, the NBFC plans to venture into new product segments such as personal loans, gold loans and MSME loans. Mumbai: Fresh capital in hand after a change in ownership, Sammaan Capital, the erstwhile Indiabulls Housing Finance, is looking beyond mortgages to diversify its loan book and build a multi-product non-bank entity, according to managing director and chief executive officer Gagan Banga. "This is growth capital, we have cl ...Read More >
New Delhi [India], April 3 (ANI): The Indian banking and financial services (BFSI) sector is poised for a gradual recovery after a challenging FY26, with improving earnings visibility and structural tailwinds expected to drive medium-term performance, according to a recent report by Motilal Oswal Financial Services (MOSL). The report characterizes FY26 as a "challenging year for investing," noting that macro volatility, margin pressures and weak loan growth weighed on sectoral performance." Ho ...Read More >
Pune (Maharashtra) [India], April 3: Bajaj Finance has enhanced its personal loan offering by introducing an extended repayment tenure of up to 108 months (9 years). This move is designed to give customers greater flexibility in managing their finances. With longer tenures, borrowers can opt for lower monthly instalments that align better with their budget. Also Read | Kerala Lottery Result Today 3 PM Live: Suvarna Keralam SK-47 Lottery Result of April 3, 2026, Watch Lucky Draw Winner List. A ...Read More >
NewsVoir Pune (Maharashtra) [India], April 3: Bajaj Finance has enhanced its personal loan offering by introducing an extended repayment tenure of up to 108 months (9 years). This move is designed to give customers greater flexibility in managing their finances. With longer tenures, borrowers can opt for lower monthly instalments that align better with their budget. A personal loan from Bajaj Finance is designed to help people manage both planned and urgent expenses. Whether it is a medical em ...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 >
NewsVoir Pune (Maharashtra) [India], March 31: With rising living costs and evolving financial needs, individuals are increasingly looking for ways to manage expenses without disrupting their long-term financial plans. One of the key aspects of borrowing today is not just access to funds, but the ability to plan repayments efficiently. Tools like the Bajaj Finserv Personal Loan EMI calculator are helping borrowers take a more structured approach to financial planning by offering clarity on mon ...Read More >
MUMBAI: India's corporate credit profile remained resilient in FY26 with rating upgrades outpacing downgrades across agencies, although moderation in momentum and rising global risks have prompted a more cautious outlook for FY27.India Ratings and Research, CRISIL Ratings, CareEdge Ratings, and ICRA released their assessments for FY26, indicating that while corporate balance sheets remained stable, emerging risks are building as FY27 approaches.The upgrade to downgrade ratio, a key measure of co ...Read More >
PRNewswire Bangalore (Karnataka) [India], April 1: CARD91 announced the launch of VerifyIQ, an AI-powered verification intelligence platform designed to help banks, NBFCs, and insurance/reinsurance companies make faster, more accurate, and policy-aligned onboarding decisions. Built with an AI-first approach, VerifyIQ brings together multi-source data aggregation, AI and machine learning-led data processing with confidence scoring, and configurable decision workflows in a single operating layer ...Read More >
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