Satin Creditcare Network Ltd. (SCNL) has introduced a new Alternative Investment Fund (AIF) aimed at transforming credit access for underserved micro, small and medium enterprises […]
Tag: Economic Growth
Piramal Finance and Punjab & Sind Bank forge strategic partnership to expand credit access
Piramal Capital and Housing Finance (Piramal Finance) has partnered with Punjab & Sind Bank under a co-lending arrangement to strengthen financial inclusion by providing tailored […]
Bank of India opens 111 new branches to strengthen national footprint
In a significant move to bolster its national presence and enhance financial accessibility, Bank of India (BOI) has inaugurated 111 new branches across the country. […]
Bank of Maharashtra to set its first international branch at GIFT City
Bank of Maharashtra (BoM) has received approval from the Reserve Bank of India (RBI) to set up an International Financial Services Centre (IFSC) Banking Unit […]
Union budget 2025-26 proposes higher loan limits under Kisan Credit Card scheme
In a major boost to the rural economy, Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, announced an increase in the loan limit […]
TransUnion CIBIL appoints Bhavesh Jain as new Managing Director and CEO
TransUnion CIBIL has announced the appointment of Mr. Bhavesh Jain as its new Managing Director (MD) and Chief Executive Officer (CEO). Jain succeeds Rajesh Kumar, […]
RBI slashes CRR by 50 basis points to boost liquidity and credit growth
The Reserve Bank of India (RBI) has announced a phased reduction in the Cash Reserve Ratio (CRR) by 50 basis points, bringing it down to […]
Mastercard Partners with Buna to revolutionise cross-border payments in MENA
Mastercard has partnered with the Arab Regional Payment System, Buna, to enhance cross-border payment efficiency into and out of the Middle East and North Africa […]
Usha Financial Services targets Rs 5,500 million AUM by March 2025
Usha Financial Services has set a target of achieving Assets Under Management (AUM) of Rs 5,500 million by March 2025. This announcement follows the company’s […]
Axis Bank CEO flags risks of slowing economic growth, says ‘not everything is ok’
Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations for growth might have to […]