Finance

UPI impact: India now makes faster payments than any other country, says IMF

UPI has transformed the digital payments landscape in India. Evidence from the platform suggests that interoperability can improve users' experience of digital payments and expand overall adoption.

Jul 11, 2025

Collaboration between NBFCs and banks needs to be institutionalised: FM Sitharaman

Addressing the 'NBFC Symposium 2025' here, she said NBFCs have emerged as an important source of credit for segments that have historically been underserved or excluded.

Jul 10, 2025

FM Sitharaman discusses strategic partnerships with BRICS Finance Ministers

Finance Minister Nirmala Sitharaman, during her meetings with BRICS counterparts here, discussed issues of bilateral cooperation, including cooperation in multiple sectors to further strengthen strategic partnerships, according to an official statement.

Jul 6, 2025

Tax benefits available under NPS will apply to UPS: Finance Ministry

The inclusion of the UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for Central government employees through transparent, flexible and tax-efficient options, the Finance Ministry said.

Jul 4, 2025

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

How Jane Street rigged Indian stock market to make Rs 43,000 crore in options profits

The regulator found that between January 1, 2023, and March 31, 2025, Jane Street entities booked staggering profits of Rs 43,289 crore, largely from Bank Nifty options.

Jul 4, 2025

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills

These restrictions will apply to imports into India of Bangladesh jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport, according to an official statement.

Jun 28, 2025

How to link your PAN card with your Aadhaar card online

Key financial changes coming in July: From Aadhaar-PAN rule to new bank charges

From July 15, the MAD will now include total GST, EMI amount, all fees and finance charges, 2 per cent of the outstanding balance, and any overlimit amount. This is a shift from the earlier method, which took either 5 per cent of certain charges or 100 per cent of finance charges -- whichever was higher -- along with other fees.

Jun 27, 2025

Why Term Insurance is Still the Smartest Choice?

A term insurance plan offers many benefits, like fixed coverage, easy terms, and affordable premiums. It helps secure the family's financial future if the policyholder passes away during the policy term.

Jun 26, 2025

Home purchases turn more affordable after RBI rate cuts: Report

According to the Knight Frank Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 18 per cent, followed by Pune at 22 per cent and Kolkata at 23 per cent.

Jun 24, 2025

Record 1,197 Indian-owned firms with over 72 billion pounds revenue now operating in UK

"Wipro IT Services UK Societas tops the growth rankings with a 448 per cent revenue surge, followed by a new entrant, corporate IT management firm, Zoho corporation Limited, which posted 197 per cent growth," said the report.

Jun 19, 2025

GIC kickstarts new campaign for Insurance Awareness, features Rahul Mittra in Ad

The General Insurance Council (GIC) of India has launched a nationwide print, outdoor & television campaign, 'Achha Kiya Insurance Liya', to highlight the importance of insuring health, vehicles, property, and livelihood.

Jun 7, 2025

Global financial sector at crossroads: Rising costs, declining productivity and tech transformation

Despite record tech spending, global and Indian banks face a "productivity paradox" of rising costs and stagnating output, demanding urgent simplification, inclusion, and innovation to sustain growth.

Jun 4, 2025

RBI may go for 50 bps jumbo rate cut to counter uncertainty: SBI report

With liquidity in an extended surplus mode, liabilities are getting repriced faster in the current rate-easing cycle. Banks have already reduced interest rates on savings accounts to the floor rate of 2.70 per cent.

Jun 2, 2025

Credit card usage in India grows as consumers finance consumption needs

Credit card, banking charges to get costlier from July 1; here are revised rates for bank transactions

Starting July 1, major private sector banks like HDFC Bank and ICICI Bank will increase charges on various credit card and banking services.

Jun 1, 2025

When Finance Gets Fun: Why Enterprises Are Reimagining Planning Systems Through Gamification

Gamification may seem like an unusual match for finance but it's already proving to be a powerful catalyst for change

Apr 10, 2025

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