Alarming Surge: Bank Frauds Skyrocket Eightfold in Early FY25
The first half of FY25 has seen an alarming eightfold increase in bank frauds, reaching Rs 21,397 crore. Internet and card frauds dominate, with private and public sector banks fac...
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JSW Group Explores Electric Car Joint Venture with China's Geely Amid India's EV Boom
JSW Group is in talks with China's Geely for a joint venture in the electric vehicle sector, aiming to capitalize on India's growing EV market. This move is part of JSW's broader s...
RBI Forecasts: Credit Growth Potential to Surpass Economic Expansion
The RBI reports that India's bank credit has the potential to grow faster than the economy, supported by a low credit-to-GDP ratio. With a 2022 ratio of 90.1%, below global average...
Indian Rupee Hits Historic Low Against Dollar: What's Next for the Currency?
The Indian rupee has hit a historic low against the US dollar, closing at 85.26, marking its third consecutive session of decline. Market analysts predict the rupee will trade with...
RBI Raises Alarms Over Soaring Unsecured Lending Limits
The Reserve Bank of India (RBI) expresses concern over high ceilings for unsecured loans set by banks and finance companies, urging prudence. It also highlights risks with top-up l...
Revolutionizing Finance: RBI Launches Ethical AI Initiative
The Reserve Bank of India (RBI) has formed a panel, FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to oversee the ethical adoption of AI in the financial sector. The committe...
IndusInd Bank Aims to Offload Rs 1.5k Crore in Microfinance NPAs to Strengthen Balance Sheet
IndusInd Bank is set to auction Rs 1,573 crore of non-performing microfinance loans to clean up its balance sheet, with a reserve price of Rs 85 crore. The bank's promoters have al...
India Emerges as a Global Manufacturing Powerhouse: Insights from N Chandrasekaran
N Chandrasekaran, chairman of Tata Sons, highlights India's growing role in global manufacturing, with the Tata Group set to create significant jobs and expand in hi-tech industrie...
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