Finance News

Govt directs state-run banks, insurance firms to cut costs, shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

Updated On: 18 May 2026 | 1:17 PM IST

Buying a home? UP regulator lists 6 steps to check property's legality

UPRERA advises people to verify land title, complaints against builder and project progress before booking homes

Updated On: 15 May 2026 | 1:56 PM IST

Austerity and symbolism: Matching intent with action amid crises

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows

Updated On: 15 May 2026 | 12:21 PM IST

Aadhaar eases enrolment for children, vulnerable groups, Indians abroad

UIDAI updates regulations to simplify Aadhaar access for children and vulnerable groups while expanding the list of accepted documents

Updated On: 13 May 2026 | 2:50 PM IST

Quick refunds, simpler filing: Income Tax dept explains impact of new law

Department moves to automated refunds as the 2025 Act prioritises simplified compliance and reduced litigation

Updated On: 13 May 2026 | 1:08 PM IST

SBI chief flags rising risks from rapid growth in digital finance

State Bank of India Chairman C S Setty on Monday cautioned that rapid growth in digital finance, platform lending and data-driven underwriting is creating new vulnerabilities in the financial system, and said resilience must evolve alongside innovation. Speaking at the CII Annual Business Summit, Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems. He said as the banking system undergoes technological transformation, India's financial architecture would have to remain resilient with trust embedded in all innovation. "As India's financial system expands in scale and complexity, trust must remain its foundational principle. Innovation without trust cannot sustain itself. The rapid growth of digital finance, platform lending and AI-driven underwriting creates new opportunities but also new vulnerabilities," he said at a session on 'The Future of Financing'. Setty warned t

Updated On: 11 May 2026 | 9:09 PM IST

Flexi-cap vs large & mid-cap funds: Diversification or hidden overlap?

Flexi-cap vs large & mid-cap funds: where diversification ends and overlap begins, and how investors can balance both

Updated On: 27 Apr 2026 | 10:38 PM IST

Co-owned property split? Experts explain why it's easier said than done

Co-owned property exit? Experts explain why selling your share rarely brings a clean break and disputes often follow

Updated On: 27 Apr 2026 | 4:43 PM IST

EPFO can't reject higher pension claims for employer lapses: Bombay HC

Court's order means the social security body must independently verify retirement claims using all available evidence rather than penalising workers for their firms' administrative failures

Updated On: 24 Apr 2026 | 4:53 PM IST

RBI norms may raise NBFC upper layer asset share to 70%, says CareEdge

RBI's proposed SBR framework changes may significantly expand NBFC upper layer coverage, boosting asset share to nearly 70 per cent and strengthening systemic oversight

Updated On: 16 Apr 2026 | 6:25 PM IST

RBI liberalises branch rules for NBFCs, allows expansion without nod

RBI has eased branch expansion norms for NBFCs, allowing them to open branches without prior approval while retaining restrictions for weaker deposit-taking entities

Updated On: 15 Apr 2026 | 11:40 PM IST

LIC should have innovative campaigns, products for young people: DFS secy

DFS Secretary M Nagaraju urged LIC to strengthen digital capabilities and design products for younger customers to drive insurance adoption and engagement

Updated On: 15 Apr 2026 | 9:24 PM IST

RBI speeds up cross-border inflows with faster customer credits

Banks need to put in place a straight-through process for crediting the inward payments to individual accounts

Updated On: 09 Apr 2026 | 11:05 PM IST

RBI maintains status quo, sees FY27 growth at 6.9% with downside risks

Projects inflation to rise to 4.6% in FY27 from 2.1% in FY26, GDP growth to slow to 6.9% from 7.6%

Updated On: 08 Apr 2026 | 11:58 PM IST

CBDC transactions cross 150 million, value exceeds Rs 34,000 crore

CBDC transactions have crossed 150 million with value exceeding Rs 34,000 crore, as RBI works on programmability and gradual rollout of digital currency

Updated On: 08 Apr 2026 | 7:36 PM IST

Negative returns in long-duration funds: Stay invested if horizon extends

New investors may make a staggered entry with a horizon that matches these funds' portfolio maturity

Updated On: 07 Apr 2026 | 10:52 PM IST

RBI retains credit default swap cap at 5%, sets ₹3.3 trn limit for FY27

Central bank keeps CDS cap unchanged and raises FPI debt limits in line with expanding securities stock, while aligning VRR investments with general route norms

Updated On: 06 Apr 2026 | 8:32 PM IST

Formal credit deepens reach as informal borrowing drops to 1%: Survey

NCAER-MFIN survey shows sharp fall in informal borrowing and full digitalisation of loan disbursements, with most loans now used for income-generating activities

Updated On: 02 Apr 2026 | 8:40 PM IST

India's ultra-luxury audio market grows as sound becomes a status marker

From hidden speakers to bespoke acoustic engineering, India's luxury homes are investing heavily in high-end audio systems, where sound is no longer a device but an integral part of design, lifestyle

Updated On: 02 Apr 2026 | 6:13 PM IST

What are the best term insurance plans for working women?

Term insurance becomes crucial after 30 as premiums rise with age; locking in early ensures stable costs and financial protection for dependents, helping secure long-term goals and liabilities

Updated On: 02 Apr 2026 | 4:40 PM IST