Latest News, Updates & Breaking Headlines
MUMBAI: Behind the triple-digit growth numbers in gold loans is a structural change in the way Indians are viewing their family jewellery. Hocking ornaments of the women of the house, which was earlier seen as a sign of distress borrowing, is now being viewed as a way to monetise ancestral jewellery and bring down the…
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
From struggling for Rs 500 to delivering a Rs 100 crore hit, Abishan Jeevinth’s journey in Tamil cinema is a testament to sheer grit. He defied industry norms, proving that compelling narratives and a determined mindset, not just big budgets, pave the way to success. His recent acting venture, ‘With Love,’ further solidifies his rising…
MUMBAI: RBI has proposed sweeping changes to the kisan credit card (KCC) framework, including the use of central bank digital currency or e-Rupee for farm credit, as part of its draft Commercial Banks–Kisan Credit Card Scheme Directions, 2026, aimed at widening access, improving flexibility, and tightening safeguards for small and marginal farmers.Under the draft directions,…
While gold carries immense emotional and cultural significance, in its idle form it contributes little to economic activity. (AI image) By Shaji VargheseIndia stands at a pivotal juncture where inclusive growth must extend beyond metros to Tier-2, Tier-3, and rural economies. One powerful yet underutilised lever in this journey is household gold. In recent years,…
Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
MUMBAI: RBL Bank reported a net profit of Rs 214 crore in Q3 FY26, up 555% from Rs 33 crore a year earlier when earnings were subdued to provisions. The net profit was 20% higher than Rs 179 crore in the previous quarter.Profit in the December quarter would have been higher but for the one-off…
Karthi’s ‘Vaa Vaathiyaar’ is all set for a Pongal release on January 14th after the makers successfully settled a significant financial dispute. A Rs 21.78 crore loan issue, which had led to a temporary stay on the film’s release, has now been resolved. Following court orders, the full payment was made, clearing all legal hurdles…
Pakistan defence minister Khawaja Asif Pakistan on Tuesday expressed confidence that it may no longer need financial assistance from the International Monetary Fund within six months, with Pakistan defence minister Khawaja Asif claiming the country had seen a surge in aircraft orders following a four-day military standoff with India in May, Geo TV reported.Speaking on…
MUMBAI: Fino Payments Bank plans to hive off its business correspondent (BC) arm and expand secured lending through its merchant network once it transitions into a small finance bank, its MD & CEO Rishi Gupta said.Fino received in-principle approval from RBI in early Dec 2025 to convert into a small finance bank, a move that…
