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New Delhi [India], July 9 (ANI): A sustained revival in vehicle sales is critical for long-term growth in the Non-Banking Financial Companies (NBFC) and insurance sectors, according to a report by Emkay Research. While there is a broad consensus that stress in microfinance institutions (MFIs) and unsecured personal loans (PLs) is largely behind, so a pick-up in vehicle sales is now essential for continued recovery. Also Read | PM Modi Conferred With Brazil's Highest Civilian Award: Yogi Aditya ...Read More >
New Delhi [India], July 9 (ANI): A sustained revival in vehicle sales is critical for long-term growth in the Non-Banking Financial Companies (NBFC) and insurance sectors, according to a report by Emkay Research. While there is a broad consensus that stress in microfinance institutions (MFIs) and unsecured personal loans (PLs) is largely behind, so a pick-up in vehicle sales is now essential for continued recovery. It stated, MFI revival and unsecured PL stress being largely behind is now a co ...Read More >
New Delhi: The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year. It stated, "Easing ...Read More >
New Delhi [India], July 9 (ANI): The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year ...Read More >
New Delhi [India], July 6 (ANI): Confederation of Indian Industry (CII) President, Rajiv Memani, has countered prevailing market sentiment about private capital expenditure, asserting that while there's a perception of a slowdown, private capex is actually taking place across various industry sectors in the country. "There's an atmosphere suggesting that private capex is not happening, but actually capex is happening," Memani stated, citing data showing consistent private investment over the pa ...Read More >
Mumbai (Maharashtra) [India], July 2 (ANI): RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others. Addressing TransUnion CIBIL's Credit Conference in Mumbai on Tuesday, the RBI deputy governor outlined two critical enablers -- data freshness and data quality-- for the betterment of India's credit ecosystem. Currently, credit data is refreshed on a fortnightly basi ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police ...Read More >
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans has made banks cautious. Data from the RBI showed that in May 2025, bank credit to NBFCs fell by 0.3% year-on-year (y-o-y) to ₹15.6 ...Read More >
New Delhi, June 30 (SocialNews.XYZ) The financialization of household savings in India has gained significant momentum as equities as percentage of household savings in the country has increased from 2.5 per cent in FY20 to 5.1 per cent in FY24, an SBI Research report said on Monday. The Indian credit market is witnessing some structural shifts with headline bank credit growth. Thus, arithmetic average possibly hiding more things than it reveals, the report mentioned. In future, sources of cre ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastr ...Read More >
Sakshi Gupta was arrested last night. Kota: One would think their money is safest in a bank. But, in a shocking case, this bond of trust was leveraged by a woman officer of a bank in Rajasthan's Kota to dupe customers of more than Rs 4 crore. Reason: The lure of generating high returns in a short period by investing in stocks. And, she used the money in the accounts of more than 41 customers to achieve that. The fraud continued for two years, but no one in the bank had any idea about it. Saks ...Read More >
KOTA: An ICICI Bank relationship manager in Rajasthan's Kota, Sakshi Gupta, has been arrested for allegedly siphoning off Rs 4.6 crore from 110 accounts of 41 customers from 2020 to 2023 for unauthorised stock market investments that turned into duds, reports Rajiv Saxena.Police said Sakshi concealed the unlawful cash pullouts by replacing registered mobile numbers in several accounts with those belonging to her relatives, ensuring that transaction alerts and OTPs were diverted from actual custo ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict b ...Read More >
Kota: After ICICI Bank's internal investigation pinpointed Sakshi Gupta, a former relationship manager at the bank's DCM branch in Kota, as the key figure behind a multi-crore fraud involving customer accounts, Kota police have launched an investigation to determine if others were involved and requested relevant documents from the bank. Tarun Dadhich, manager of the city's ICICI DCM branch, on Feb 18, 2025, submitted a report at the Udhyog Nagar police station alleging that Gupta, the former rel ...Read More >
New Delhi | June 7, 2025: Home loan borrowers have reason to rejoice. Following the Reserve Bank of India's (RBI) decision to cut the repo rate by 50 basis points -- from 6% to 5.5%, home loan EMIs are expected to drop significantly. Also Read: RBI Slashes Repo Rate by 50 bps to 5.5%: EMIs Set to Drop, Real Estate Gets a Boost For instance, a borrower with a ₹50 lakh home loan over 20 years at an interest rate of 8.5% currently pays an EMI of around ₹43,391. With a 50-basis-point drop in inter ...Read More >
Kota: In a major bank fraud, a relationship manager of ICICI Bank, Sakshi Gupta, has allegedly siphoned off Rs 4.58 crore from customer accounts in Kota city.The accused worked at Shriram Nagar branch of DCM area in Kota and committed the fraud during the 2020-23 period. She was arrested by the Udhyog Nagar police on May 31 following investigation. The crime first came to light on Feb 18 ,following which the branch manager lodged a complaint with the police.According to police, for around two-an ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM branch. Police said she had been pilfering from more than 110 accounts belonging to 41 customers for around two and a half ye ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over Stampede Tragedy Near Chinnaswamy Stadium. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM b ...Read More >
MUMBAI: The Equated monthly instalments (EMIs) on your home, car, education and business loan is set to reduce further as the rate setting panel of the Reserve Bank of India (RBI) on Friday cut the benchmark repo rate by 50 basis points to 5.5 per cent. Repo rate is the rate at which the central bank lends short term money to commercial banks. A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower cost to the borrowers. With thi ...Read More >
New Delhi, June 6 (SocialNews.XYZ) If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move. With the central bank cutting the repo rate by 50 basis points -- from 6 per cent to 5.5 per cent -- banks are expected to lower interest rates on loans. For a Rs 50 lakh home loan over 20 years, this could mean monthly savings of Rs 1,569 and annual savings of nearly Rs 19,000, offering much-needed relief to borrowers amid high livin ...Read More >
Mumbai: The Reserve Bank of India (RBI) has cut the repo rate for the third time in 2025. This time, the cut is big -- 50 basis points. Now the repo rate is down to 5.5 per cent. The repo rate is the rate at which RBI lends money to banks. When RBI lowers this rate, banks also reduce the interest on loans. So, home loans, car loans, and personal loans may become cheaper. This is great news for people who want to take a loan. Their loan EMIs will be lower, and they will save money. But this ne ...Read More >
When financial needs arise, relying on multiple funding sources can be a smarter choice than sticking to a single option. When financial needs arise, personal loans often come to the rescue. Whether you're planning a wedding, consolidating debt, or dealing with an emergency, personal loans offer a quick and flexible solution. However, relying solely on a single funding source may not always be the smartest move. Exploring multiple funding options can provide financial stability, better terms, a ...Read More >
The report underlined a sharp slowdown in incremental credit and deposits compared to the previous year, indicating a challenging environment for banking sector growth. It said, "It's clear that credit growth is declining across sectors as momentum has turned negative, even as favorable base effect is waning". The report highlighted that as of November 15, 2024, incremental credit from all scheduled commercial banks (ASCBs) has grown by Rs 9.3 lakh crore, marking a year-to-date (YTD) growth of ...Read More >
Asset quality metrics are weakening in the past few quarters in some segments. This has necessitated a recalibration of growth strategies, especially in unsecured loans and microfinance Unsecured loans given by Non Banking Finance Companies (NBFCs) and credit to microfinance segments, accounting for 23% of the overall NBFC Asset Under Management (AUM) are expected to be impacted the most in the current and next fiscals according to CRISIL Ratings' outlook on the sector. Krishnan Sitaraman, Chie ...Read More >
In a notable performance, Getty Realty Corp (NYSE:GTY)'s stock reached a 52-week high, touching $33.29. This peak reflects a robust phase for the real estate investment trust, specializing in the ownership, leasing, and financing of convenience store and gasoline station properties. Investors have witnessed a significant uptick in the company's stock value, with a 1-year change showing an impressive 13.89% increase. This surge underscores the market's positive reception to Getty Realty's strateg ...Read More >
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