Page 4 - Finance Sector

Microfinance sector faces funding crunch, default fears amid scrutiny

The microfinance industry is in a bind as funding declines and fears of defaults swirl amid stricter regulatory scrutiny

NPS: You can choose 100% equity exposure based on risk appetite, timeline

Investors must educate themselves and become more financially savvy to optimise the benefits of greater choice

Warburg Pincus to invest ₹500 cr in Truhome Finance, says CEO Subramanian

He further mentioned that, aside from the fund infusion, the company has the "scale and figures" needed for an initial public offering

Govt takes first steps towards a domestic firm to take on global Big Four

Industry professionals welcome move, but point to onerous regulatory hurdles, such as a block against multi-disciplinary collaboration and advertising, that need to be tackled first

If you need a personal loan, what are the best rates available now?

A personal loan can be used for multiple things, but one must keep in mind that they come with a somewhat higher price tag

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers

No proposal to levy charges on UPI transactions, says RBI governor

RBI governor Sanjay Malhotra said UPI transactions will remain free, while the central bank tests an AI-driven fraud detection system to curb risks in digital payments

Deadline for opting for Unified Pension Scheme extended till November 30

The government has extended the deadline for employees, retirees and spouses of deceased retirees to opt into the Unified Pension Scheme till November 30, 2025

DFS, Meity secys among 3 external members of Payments Regulatory Board

The new Payments Regulatory Board, chaired by the RBI governor, will replace BPSS and include government nominees - the DFS secretary, Meity secretary and retired IAS officer Aruna Sundararajan

RBI retains call rate as policy anchor in revised liquidity framework

Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China

India to sell new 10-year government bond on October 3 to raise $3.6 bn

The current benchmark 6.33 per cent 2035 bond has an outstanding of 1.8 trillion rupees

PayNearby plans to raise funds via IPO in FY27, says CEO Anand Kumar Bajaj

"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said

US Banks to lean on India hubs as Trump imposes $100,000 visa fees

US lenders including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the biggest employers of India's so-called global capability centers

XIME launches Bloomberg Lab to train students in practical finance skills

XIME has launched its Bloomberg Xperiential Lab, offering students hands-on training, live market access, and globally recognised certifications to boost finance career readiness

Nabfid must now focus on urban local bodies, says DFS secy M Nagaraju

Addressing NaBFID's infrastructure conclave, Nagaraju said the institution should work on new instruments at scale so that banks can rebalance their portfolios every three to five years

If you are buying a home, check out the best home loan rates available

With home loan interest rates likely to remain stable in the near future, here are the various options available from lenders across the public and private sectors

GST cut to save discoms ₹3,000 crore annually on power costs: MNRE

MNRE said reducing GST on renewable devices to 5% from 12% will save discoms Rs 2,000-3,000 crore annually, lower solar project costs and boost clean energy investment

CSC e-Governance Services crosses ₹3,000 crore loan disbursal mark

CSC e-Governance Services India (CSC SPV) has crossed a milestone of Rs 3,000 crore in loan disbursals since July 2023, an official release said on Monday. The disbursal numbers mark a significant stride for financial inclusion under the Digital India initiative. By supporting rural households and small businesses, the initiative has also promoted entrepreneurship, strengthened families, and boosted local economies. "The programme has shown rapid growth, with disbursals of Rs 86 crore in FY 2023-24, Rs 1,631 crore in FY 2024-25, and Rs 1,300 crore till August 2025 in FY 2025-26," it said. So far, nearly 70,000 people have benefitted, of which many are first-time borrowers, seekers of small-ticket loans, and individuals from unbanked segments. Using the network of over 5.8 lakh Village Level Entrepreneurs (VLEs) and in partnership with Piramal Finance, CSC said it has enabled timely and affordable credit for underserved and marginalised communities in remote rural areas, through loa

Firstsource Solutions appoints Kumaran Shanmuhan as Chief Strategy Officer

Firstsource Solutions, a provider of business process management services, on Monday named Kumaran Shanmuhan as the Chief Strategy Officer, with immediate effect. The appointment is a step in advancing Firstsource's 'UnBPO vision', which the company described as transformative reimagining of outsourcing driven by expertise, technology, and outcome-oriented solutions. Announcing the appointment of Shanmuhan as the Chief Strategy Officer, a release by Firstsource, an RP-Sanjiv Goenka Group company, said he will spearhead the strategic consolidation of hyper-personalised solutions, AI-driven operations, domain expertise, and a partnership-first mindset, in line with a market strategy that amplifies momentum, accelerates growth, and maximises value. "As the industry undergoes a fundamental shift from labour arbitrage to technology-driven, outcome-focused solutions, having a clear and bold strategy is critical to staying ahead of disruption," Ritesh Idnani, Managing Director and CEO, ...

Crisil pegs FY26 bank credit growth at 12%, flags MSME loan stress

Domestic credit rating agency Crisil on Monday said banks' credit growth will accelerate in the second half of the fiscal year and inch up to 12 per cent in FY26. Retail credit will drive growth in loan books for banks in FY26, and corporate loans growth will be slower in the fiscal year, the agency said. The agency flagged some concerns for the industry, including a decline in households' contribution to deposit accretion, which can lead to issues over deposit stability, and lending to small businesses, which can impact asset quality. "The Q1 credit growth was slower at 9.5 per cent and while it has inched up to 10 per cent, it is still subdued. However, we expect the second half to lead to faster loan growth, which should take FY26 loan growth to 11-12 per cent," Crisil Chief Rating Officer Krishnan Sitaraman told reporters. He said government and regulatory measures, coupled with a likely reversal of an earlier trend of corporate borrowers going to alternatives like bond markets