FM asks PSBs to step up deposit mobilisation, deepen corporate lending
Union Finance Minister Nirmala Sitharaman on Friday told public sector banks (PSBs) that sustained efforts are needed to improve deposit mobilisation to support ongoing credit growth. She also emphasised the need to deepen corporate lending in productive sectors while maintaining robust underwriting and risk management standards.

RBI enhances robustness in Aadhar Enabled Payment Systems
The Reserve Bank of India (RBI) on Friday issued guidelines to streamline the onboarding process for Aadhar Enabled Payment Systems (AePS) touchpoint operators and strengthen the fraud risk management. The guidelines will come into effect from January 1.

India records $13.5 bn current account surplus in Q4 FY25: Reserve Bank
India’s current account balance recorded a surplus of USD 13.5 billion (1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (0.5 per cent of GDP) in the year-ago period, RBI said on Friday. The current account was in deficit of USD 11.3 billion (1.1 per cent of GDP) in the December quarter of 2024-25.

Finance Minister nudges PSU banks to raise credit growth, maintain profitability
FM Nirmala Sitharaman nudges public sector banks to push credit growth

Banks should ensure no mis-selling of insurance products
 

RBI drains Rs 84,975 crore via VRRR
 

Smart Fixed Deposit Savings made simple with the Wizely app
SC+ PTI, TR+

FD rates for senior citizens revised: SBI, HDFC, ICICI, PNB, BoB – Which bank is giving highest return?
In the last few years, bank interest rates on loans and deposits in the country remained quite high as the RBI deliberately kept rate regime tight in view of higher inflation. This, however, helped fixed deposit holders especially senior citizens to earn good interest on their money. But now in 2025 the picture is changing.

PSBs’ net profit zoomed to ₹1.78 lakh cr, NPA declined to 0.52%
 

SBI plans Rs 25,000 crore QIP; ropes in six bankers for India’s largest share sale in eight years
 

Central Bank of India, Generali ink shareholding deal for insurance venture
 

5 best low-cost credit cards for free airport lounge access in 2025
Banks and credit card companies these days keep rolling out new cards with unique features to attract air travellers. One of such features is airport lounge access for credit card holders. So if you travel by air frequently and want to avoid long waits at the airport, then a credit card with airport lounge access can be a great option for you. Such a card not only allows you to experience comfortable travel but also helps you avail facilities like free lounge access, Wi-Fi and snacks. Some premium cards even offer international lounge access, which is a big plus for frequent flyers.

MFI stress erases life cover for 50 mn in FY25
The stress in the microfinance sector led the country’s top life insurers to sharply reduce exposure to group credit life insurance, resulting in around 50 million people losing the life insurance cover in FY25, the steepest annual decline on record.

Sundaram Finance revises deposit interest rates effective July 1
Revised rates for senior citizens are 7.2 per cent for 12 months and 7.5 per cent for 24 and 36 months. Similarly for others 6.70 per cent for 12 months and 7 per cent for 24 and 36 months, says a release.

HDB Financial Services’ ₹12,500-Cr IPO subscribed 16.69x on its final bidding day
HDB Financial Services IPO GMP Live: HDB Financial Services’ IPO, one of the most awaited and the largest NBFC public issues this year, opened for subscription on June 25 and will close on June 27. By the second day, investor demand had already pushed the issue to full subscription, showing strong interest from the market. What’s been striking about it is that the GMP has seen a significant fall since the IPO opened. The IPO is currently trading at a grey market premium (GMP) of around 8%. This is almost 6% below the initial levels.

India’s first maritime NBFC-Sagarmala Finance Corporation- sets sail
 

How to monetize your crypto assets, smartly
What’s the next step after owning an asset? For most investors, the natural instinct is to make that asset work for them. Basically, to generate some passive income on the assets. If you have extra cash, you might deposit it in a bank or purchase treasury bonds to earn interest. If you own stocks, you might lend them to short sellers in exchange for a fee. The same logic now applies in the world of crypto. If you hold Bitcoin, Ethereum, or any other crypto asset, you’re likely wondering: Can I earn something rather than simply holding this asset? That question leads to one of the fastest-growing use cases in the crypto space—lending.

Crypto’s audacious bid to rebuild the stock market
First, they came for the currency market. Then, the money market. Now, crypto’s big disruptors are targeting the multi-trillion-dollar heart of global capitalism: the stock market.

Equity, hybrid funds dominate small town mutual fund flows: Icra Analytics
 

L&T’s ESG bond debut may open India’s sustainable debt market—if investors stay interested
Mumbai: On 23 June, infrastructure giant Larsen & Toubro (L&T) listed India’s first environmental, social & governance (ESG) bond on the National Stock Exchange under Sebi’s new framework. While Indian companies have previously raised ESG debt overseas, L&T’s rupee-denominated issuance is a domestic first under Sebi's guidelines.