CAG report shows pensions overtook interest costs in FY23 as states spent 43% of revenue on committed expenditure, including salaries, pensions, and debt servicing
The new rules could increase operational costs for lenders, who will need to maintain mandatory escrow accounts, comply with stricter KYC norms, and invest in upgraded tech integration
Corporate credit share shrinks as firms tap bonds, private credit and markets; retail lending rises sharply, making balance sheets stronger and funding more diversified
The government has opened a one-time window for employees under the Unified Pension Scheme (UPS) to switch back to the National Pension Scheme (NPS), reshaping retirement choices for millions
While many of the proposed amendments to the IBC, such as cross-border and group insolvency, will make the resolution process smoother, certain issues such as limited judicial capacity could weaken
The developments at IndusInd Bank have led RBI's senior supervisory managers (SSMs) to take a closer look at bank boards, including the agenda presented, the time spent discussing specific items
The domestic rate setting panel had cut policy repo rate by 50 basis points to5.5 per cent in the June meeting, higher than market expectation of 25 bps
With the Covid-induced surge in UPI transactions now firmly here to stay, banks are rethinking their strategies - and costs - on ATMs, especially for off-site machines
During Covid, the government increased the Contingency Fund limit from ₹500 cr to ₹30,000 cr, a measure that made it easier for the expenditure dept to disburse funds without Parliamentary approval
If you want the elders in your family to avoid the ongoing chaos in the equity markets because of the global trade scenario, senior citizens fixed deposit is a safe way for them to park their savings
Presently, MFIs account for around 40% of the portfolio while the remainder is shared by banks, SFBs and NBFCs. The overall portfolio touched Rs 4.4 trn with around 85 mn unique borrowers last year
Share of middle class in income tax increased till 2023-24 while TDS has been rationalised by reducing the number of rates and adjusting threshold limits