US Tariff Hike on Steel & Aluminium: Limited Impact on Indian Steel, Aluminium Producers to Feel the Heat – CareEdge Ratings
Global steel consumption is projected to decline for the second consecutive year in 2024
Credit Fair Secures $5 Million from Symbiotics Investments backed by British International Investment
The bond was issued by Symbiotics Investments and subscribed to by British International Investment (BII)
AIBEA condemns alleged harassment of women officers at Union Bank of India
According to the AIBEA, the incident occurred on February 12, 2025, when the two women, both Relationship Managers, were summoned without prior notice to the Regional Office at 9:30 AM
Citi Expects Social Finance Funding in Asia to Rise Over 10% in 2025
In 2024, Citi played a key role in mobilizing over US$2 billion across Asia through social finance transactions.
India’s Microfinance Sector Expands Amid Rising Risks: Infomerics Ratings Report
The microfinance industry currently operates with 168 Micro Finance Institutions (MFIs) across 29 states, serving 64 million borrowers
Romance scams hit six-year high in 2024, Moody’s reports
The rise of these scams poses significant challenges for the financial system, as criminals often use traditional banking channels to launder illicit funds. Financial institutions face increased scrutiny and potential reputational damage if they fail to detect and prevent such activities.
RBI Governor Meets NBFC Chiefs, Stresses Growth with Stability
Representatives from industry bodies such as Self-Regulatory Organizations (SROs), Sa-Dhan, Micro Finance Institutions Network (MFIN), and Finance Industry Development Council (FIDC) also participated in the discussions.
RBI lifts business restrictions on Kotak Mahindra Bank
The RBI’s directive was a response to supervisory concerns identified during regulatory reviews.
RBI expands UPI to include pre-sanctioned credit lines from banks and SFBs
Banks and SFBs can establish their own terms and conditions for these credit lines, in accordance with their Board-approved policies. These terms may cover aspects such as credit limits, tenure, interest rates, and other related conditions.
Retail Inflation Eases to Five-Month Low of 4.31% in January
The drop in inflation comes just a week after the Reserve Bank of India’s Monetary Policy Committee (MPC) announced the first rate cut in five years