Finance

Shriram Finance is aiming to double gold loans' contribution in the overall loanbook to 5 per cent over the next three years, joining a slew of lenders ramping up focus in the more secure and high-value retail segment. The non-bank lender is also keen to increase the share of micro, small and medium enterprises in the overall loan portfolio over the medium term to 20 per cent, a top official has said. "Around 2.5 per cent of our loan book comes from the gold loan segment now. We want to grow it to 5 per cent in the next three years," its executive vice chairman Umesh Revankar told PTI recently. As of June 2026, the lender's overall gold loans outstanding had stood at Rs 7,514 crore, accounting for 2.39 per cent of the overall Rs 3.13 lakh crore book. Gold loans' share has been steadily increasing in recent times, and the first quarter of FY27 also saw a 46 per cent growth in portfolio when compared year-on-year and 13 per cent quarter-on-quarter. In March 2026, the gold loans ...

The problem is not merely a lack of revenue sources but also weak capacity to utilise existing powers

Economist Anoop Singh's book is a laudable initiative to create greater awareness about healthy public financial management in India

As India finalises its climate finance taxonomy, banks are expanding green lending while experts call for deeper capital pools and stronger disclosure norms

Assess your financial health by totalling all expenses and comparing them with your net monthly income

Customised term insurance plans can help women secure their family's financial future while offering protection, flexibility and long-term financial stability for dependents

The 16th Finance Commission shifts focus away from demography, arguing ageing alone does not weaken state finances or justify higher transfers

Fiscal deficit narrows to 80.4% of revised estimates in April-February FY26, aided by higher revenues and steady capex, though global risks may pressure FY27 outlook

Shriram Finance's Q3FY26 net profit fell 22% to ₹2,529.65 crore due to a high base last year, even as income, margins and AUM posted healthy growth

A decade into Startup India, most Indian unicorns are clustered in consumer and finance, highlighting limited depth in enterprise tech and frontier technologies like AI

Finops startup Bluecopa raised $7.5 million in a Series A round led by Analog Partners to expand its AI-native autonomous finance platform globally

Centre is considering amending SARFAESI to include special situation funds as financial institutions and to require borrowers to file representations within 30 days of a demand notice, sources said

With festival sales in full swing, NPCI shares 5 simple tips to keep your digital payments safe and avoid scams while shopping online.

PhonePe has introduced a loans against mutual funds product with DSP Finance, offering secured credit lines up to Rs 2 crore with flexible repayment and portfolio continuity

TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of Rs 2 lakh crore MSME invoice financing. The RXIL TReDS platform has facilitated financing worth Rs 80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Greater ...

PIB Fact Check confirms EPFO hasn't issued any new pension form or set a June 30 deadline. Pensioners are advised to ignore the fake viral message circulating online

EPF subscribers start seeing 8.25% interest for FY25 in passbooks, though there has been no official SMS/email yet. Here's how to check your account and what to know about delays.

'Registration provides evidence, but not ownership,' warns SC in a ruling that could impact thousands of Indian homebuyers.

The Income Tax Department's new 'e-Pay Tax' feature lets you pay taxes online without logging in. Here's a simple step-by-step guide to help you use it with ease

According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country