RBI Cuts Repo Rate by 25 Basis Points to 6.25%, Maintains Neutral Stance
The RBI also decided to maintain a neutral policy stance, signaling flexibility in responding to evolving economic conditions.
All You Need to Know About Sanjay Malhotra, the New RBI Governor
Malhotra holds a strong academic background, with degrees in engineering from the Indian Institute of Technology (IIT)
Muthoot Microfin reports deterioration in asset quality in Q3
Mumbai, 6th February 2025: Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055) reported a deterioration in its asset quality for the
RBI Cancels Licence of The Cuddalore and Villupuram District Central Co-operative Bank’s Employees Cooperative Bank Ltd., Tamil Nadu
The bank is no longer permitted to carry out banking operations in India, including accepting deposits from non-members.
Tata Power Renewable Energy and Bank of Baroda Join Forces to Boost Rooftop Solar Adoption
Residential customers can now avail loans up to ₹6 lakh at competitive interest rates starting from 7% per annum, with both fixed and floating rate options.
MSMEs Witness Business Growth Surge in Oct-Dec 2024: SIDBI Outlook Survey
The quarterly survey, which serves as a barometer of MSME business sentiment, gathered insights from 1,200 MSMEs across the Manufacturing, Services, and Trading sectors. Covering 77 cities across Tier 1, 2, and 3 urban centers, along with 66 villages, the survey assessed business confidence based on 22 critical parameters, including sales growth, profitability, employment trends, financial accessibility, cost of funds, and ease of doing business.
RBI to Conduct 56-Day Variable Rate Repo Auction on February 7, 2025
The auction will offer a notified amount of ₹50,000 crore, with the tenor set at 56 days. The bidding window will be open from 3:30 PM to 4:00 PM on February 7, 2025. The funds will be reversed on April 4, 2025, marking the maturity of the operation.
Trump Pauses Tariffs on Mexico and Canada, but Not China
The temporary suspension comes amid escalating tensions in global trade, with Trump maintaining a hardline stance on China while showing flexibility toward North American neighbors. This move is part of Trump’s broader “America First” economic strategy, which has prioritized renegotiating trade agreements and imposing tariffs to protect U.S. industries.
Equirus Invests Rs 100 Crore to Strengthen Family Office Business, Merges with Credence Family Office
As part of the deal, Credence Family Office will take over Equirus Wealth’s Family Office business and integrate into the Equirus Group. The merger also facilitated the exit of TIW Private Equity, which had been an investor in Credence for six years.
CreditAccess Grameen Secures USD 50 Million from IFC to Boost Financial Inclusion
The investment from IFC will play a pivotal role in expanding financial access for microentrepreneurs, focusing primarily on women borrowers. Over the lifecycle of this project, CreditAccess Grameen (CA Grameen) aims to reach an additional 3 to 4 million women borrowers.