Exports decline afresh, imports surge, widening trade deficit
India’s trade deficit widened in January 2025 as exports contracted after a brief recovery, while imports surged, driven by increased machinery imports and gold inflows.
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)
Toxic work culture in Indian banks: A crisis ignored for too long
From caste-based harassment to violent attacks on bank staff, the working conditions in banks are deteriorating at an alarming rate
IOB assistant manager alleges caste abuse by superiors; police probe underway
The victim, a Dalit youth from Mulavukad, lodged a complaint with the Ernakulam Central Police in December
AIBEA Condemns Attack on Union Bank Manager, Calls for Urgent Action on Staff Safety
In a statement, AIBEA General Secretary C.H. Venkatachalam expressed deep concern over the growing threat to bank employees.
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
RBI Supersedes Board of New India Cooperative Bank, Appoints Administrator
RBI has been clamping down on erring cooperative banks
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