Empowering India's entrepreneurs: The transformative role of Mudra loans
India’s economic progress is deeply interwoven with the success of its micro-, small-, and medium-enterprises (MSMEs). The sector not only serves as the backbone of our economy but also plays a pivotal role in employment generation and fostering grassroots innovation. Recognising this potential, the Government of India had launched the Pradhan Mantri Mudra Yojana (PMMY), popularly known as Mudra loan, on April 8, 2015, a game-changing initiative aimed at providing credit to micro and small enterprises (MSEs) that form the core of India’s entrepreneurial landscape.

RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr
Additionally, the central bank also purchased ₹40,000 crore worth of government securities via open market operations (OMO) auction.

RBI imposes penalty on Kotak Mahindra Bank, IDFC First Bank, PNB
RBI imposes penalty on Kotak Mahindra Bank, IDFC First Bank, PNB – Here’s why
The Financial Express

RBI signs MoU with FIU-IND to curb money laundering, suspicious transactions
 

FinMin sets Rs 17.31 trillion MSME lending target for PSBs in FY26
 

HDFC Bank's head of human resources on his way out
Mumbai : The chief human resources officer of India’s largest private sector lender is leaving after nearly seven years at the bank, according to three people aware of the development.

‘Additional capital will position us for growth,’ says V Vaidyanathan
Marquee investors — Currant Sea and Platinum Invictus, affiliates of Warburg Pincus and ADIA Private Equity, respectively — are set to pick up stakes in IDFC First Bank for a combined Rs 7,500 crore. V Vaidyanathan, managing director and CEO of IDFC First Bank, tells Shobhana Subramanian that the additional capital will help position the lender for growth. Excerpts:

Bank Holiday Today: Banks closed on April 18 for Good Friday? Check details here
Bank Holiday on 18 April 2025 Good Friday: Bank outlets will remain closed in various parts of the country on April18 as thousands mark Good Friday. The solemn Christian occasion commemorates the crucifixion of Jesus Christ and his subsequent death. It is marked as a government holiday in India — with schools, colleges and other public offices, and even the stock market remaining closed.

SBI faces more UPI transaction declines among large banks; Axis Bank the least
An analysis of Unified Payments Interface (UPI) transaction failures shows that among the large banks, State Bank of India had the highest number of transaction failures in FY25, while Bank of Baroda, HDFC Bank, ICICI Bank and Axis Bank fared much better.

IndusInd Bank names Santosh Kumar as Deputy CFO, relieves Arun Khurana
IndusInd Bank elevates Santosh Kumar as deputy CFO
The Hindu Business Line

IDFC First Bank to raise Rs 7,500 crore from Warburg Pincus and Abu Dhabi Investment Authority
IDFC First Bank to raise Rs 7,500 crore from Warburg Pincus, ADIA
The Financial Express

FinMin to hold high-level talks on 'One State, One RRB' execution on May 6
 

Sidbi plans to infuse $800 mn in climate fund for small businesses
Small Industries Development Bank of India (Sidbi) will sign an agreement with the Green Climate Fund in mid-May to support small businesses in adopting low-emission and climate-resilient technologies, according to two senior officials aware of the development.

Muthoot-owned Belstar Microfinance enters gold loan biz to diversify portfolio
Muthoot Finance-controlled Belstar Microfinance Ltd will launch a gold loan business to diversify its portfolio and reduce risk. The move is expected to create a new income stream and support the company ahead of its planned initial public offering (IPO).

Jio Financial infuses ₹1,346 crore in group arms in FY25 to fuel growth
Mumbai: Jio Financial Services Ltd. infused additional equity of ₹1,346 crore into its group entities in FY25 to fuel “future growth aspirations and support the growing scale of the diverse businesses”.

Jio Financial Services Q4 Results: Net profit rises 1.6%, announces dividend
Jio Financial Services has reported a marginal 1.6 per cent rise in its consolidated net profit in the January-March quarter at Rs 316 crore, compared with Rs 311 crore registered in the same quarter of the previous financial year.

L&T Finance launches business loan campaign with cricketer Jasprit Bumrah
 

Angel One’s March quarter hit by new Sebi curbs on F&O trading
Angel One Ltd’s March quarter (Q4FY25) performance took a knock from the Securities and Exchange Board of India’s (Sebi) new regulatory measures aimed at curbing trading volumes in the derivatives (F&O) segment. The company discloses a monthly business update, so the poor performance was largely anticipated.

Trying to resolve issues in NSE IPO: SEBI chief
The Securities and Exchange Board of India (SEBI) is trying to resolve issues that are delaying the initial public offering of the National Stock Exchange (NSE), chairman Tuhin Kanta Pandey said on Thursday. He added that SEBI will not let commercial interest supersede general public interest while deciding on the public issue of the country’s largest exchange.

Nippon Mutual Fund website has been down since a cyberattack on 9 April
The website of Nippon Life India Asset Management Ltd, India's largest mutual fund by number of investors, has been down since a cyberattack hit the company’s IT infrastructure on 9 April. When Mint visited the website on 17 April, the home page was accessible but the login page was not.

SEBI keen to double MFs’ investment cap in REITs and InvITs to 20%
In a consultation paper issued on Thursday, SEBI, the current single issuer, said overall limits of 5 per cent and 10 per cent respectively in REITs and InvITs restricts MFs keen to take exposure in these instruments as an asset class, and the single issuer limits may be revised, similar to a limit of 10 per cent applicable to investments in equity/ debt instruments.

Drawing liquidity: Banks preferring tendering G-Secs at OMO purchase auction over VRR auction