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Indian banks performed robustly in 9MFY25, impaired loan ratio nearing trough: Fitch

AIMPWAMarch 4, 2025

Fitch Ratings on Monday said Indian banks have performed robustly in the first nine months of the current financial year with the sector’s impaired loan ratio close to the trough. In its commentary, Fitch said improvements in key performance metrics of Indian banks in the past few years will provide strong support for their Viability...

Poonawalla Fincorp launches digital personal loan for salaried professionals

AIMPWAMarch 4, 2025

Poonawalla Fincorp, the NBFC arm of the Cyrus Poonawalla Group, has introduced PL Prime Digital 24×7, a digital personal loan designed for salaried professionals seeking instant access to credit. The company specialising in consumer and MSME lending, said this industry-first offering revolutionises the personal lending landscape by providing a fully digital, seamless, and round-the-clock borrowing...

Have an empathetic approach towards MSMEs facing financial distress, RBI Dy Guv Swaminathan tells lenders

AIMPWAMarch 4, 2025

RBI Deputy Governor Swaminathan J on Monday emphasised the importance of fair lending practices, ensuring transparency and an empathetic approach towards MSMEs (micro, small & medium enterprise) facing financial distress. This observation comes in the backdrop of banks’ credit to MSMEs slowing to about 12 per cent year-on-year (to stand at ₹11,24,377 crore) as on...

As US’ crypto push sets global precedent, Indian industry wants similar ‘progressive policies’

AIMPWAMarch 4, 2025

US President Donald Trump, on Sunday, announced the creation of a ‘Strategic Crypto Reserve’ aimed at positioning the US as the “crypto capital of the world.” In just 24 hours, nearly $315 million in Bitcoin shorts were liquidated, and over $330 billion flowed into the crypto markets. ADA (Cardano) surged by 70 per cent, XRP...

WRMS launches parametric insurance pilot schemes for Iraqi smallholder farmers

AIMPWAMarch 4, 2025

Weather Risk Management Services (WRMS), in association with the United Nations World Food Programme (WFP), has launched the parametric insurance pilot schemes in Iraq for protecting smallholder farmers and micro-entrepreneurs from the risks associated with climate change. A media statement said this initiative aims to provide swift and transparent financial relief for losses caused by...

Muthoot Capital Services raises ₹98.75 crore via securitization

AIMPWAMarch 4, 2025

Muthoot Capital Services said it has completed a securitization transaction, raising an amount of ₹98.75 crore in 3 tranches, by assignment of loan receivables aggregating to ₹105.06 crore. This is the fifth securitization/direct assignment transaction carried out by the company during FY 2024 – 2025. The company, in an exchange filing, said the entire pool...

Union Bank of India holds outreach camp for MSMEs at Hoskote

AIMPWAMarch 4, 2025

Union Bank of India held an outreach camp for Micro, Small, and Medium Enterprises in Hoskote on Monday. The Mega MSME Outreach Campaign was aimed to promote entrepreneurship, government schemes, and provide support to Micro, Small and Medium Enterprises, fostering economic growth in the region. Various branches catering to MSME segment under Bengaluru Region participated...

RBL Bank appoints new COO, head of branch banking

AIMPWAMarch 4, 2025

Private sector lender RBL Bank has appointed Narendra Agrawal as president and head of branch banking and retail liabilities, and T S Pari as the COO of the bank, according to a statement. Agrawal was earlier associated with Kotak Mahindra Bank as president & national branch banking head, while Pari was the group president-head of...

SBI conducts over 126 camps on financial literacy across Karnataka

AIMPWAMarch 4, 2025

The State Bank of India (SBI) has conducted the highest number of financial literacy camps across Karnataka, organising over 126 camps in a single day. Over 5,429 women from diverse backgrounds such as Self-Help Group (SHG) members, Anganwadi workers, agricultural workers, entrepreneurs, ASHA workers, students, and homemakers participated in the financial literacy camps that were...

PayPal, HDFC Bank-backed Mintoak buys Digiledge to expand CBDC payments

AIMPWAMarch 3, 2025

Indian startup Mintoak, which provides merchant payment services to lenders, said on Tuesday it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million. The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital...

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Don’t do anything about your 401(k) until Tuesday

AIMPWAMarch 14, 2025

This key report should drop then. Source link

Oil Snaps Losing Streak as Markets Rebound, Russia Talks Stall

AIMPWAMarch 14, 2025

Oil snapped a seven-week losing streak as US equity markets rebounded and peace talks between Russia and Ukraine stalled, damping expectations that Moscow’s crude will return to the market soon. West Texas Intermediate rose almost 1% to settle above $67 a barrel, supported by a weaker dollar and an advance in US equities. Brent climbed...

Cocoa hits 4-month lows, falls below $8,000/ton

AIMPWAMarch 14, 2025

(Updates with comments on coffee, sugar; adds closing prices) NEW YORK, March 14 (Reuters) – Cocoa futures on the ICE exchange hit four-month lows on Friday and ended the week with losses above 5% amid a large increase in ICE-certified stocks and benign weather forecasts for West Africa. * London cocoa settled down 259 pounds,...

Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

AIMPWAMarch 14, 2025

Canadian dollar strengthens as Mark Carney is sworn in as prime minister Dollar extends gains after inflation expectations pick up Yen softens after wage talks as market weighs BOJ rate hike timing Sterling weakens after UK GDP unexpectedly contracts in January By Chibuike Oguh and Yadarisa Shabong NEW YORK, – The euro rose on Friday...

Wall St bounces as selloff prompts dip-buying rally

AIMPWAMarch 14, 2025

Consumer sentiment at 57.9 in March Tesla up on report it is planning lower-cost Model Y in Shanghai Bullion miners up after gold prices breach $3,000 mark Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28% (Updates to mid-afternoon) NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Friday as investors shopped for bargains...

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Latest Posts

Indian banks performed robustly in 9MFY25, impaired loan ratio nearing trough: Fitch

Poonawalla Fincorp launches digital personal loan for salaried professionals

Have an empathetic approach towards MSMEs facing financial distress, RBI Dy Guv Swaminathan tells lenders

As US’ crypto push sets global precedent, Indian industry wants similar ‘progressive policies’

WRMS launches parametric insurance pilot schemes for Iraqi smallholder farmers

Muthoot Capital Services raises ₹98.75 crore via securitization

Union Bank of India holds outreach camp for MSMEs at Hoskote

RBL Bank appoints new COO, head of branch banking

SBI conducts over 126 camps on financial literacy across Karnataka

PayPal, HDFC Bank-backed Mintoak buys Digiledge to expand CBDC payments

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Don’t do anything about your 401(k) until Tuesday

Oil Snaps Losing Streak as Markets Rebound, Russia Talks Stall

Cocoa hits 4-month lows, falls below $8,000/ton

Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

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Don’t do anything about your 401(k) until Tuesday

Oil Snaps Losing Streak as Markets Rebound, Russia Talks Stall

Cocoa hits 4-month lows, falls below $8,000/ton

Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

Wall St bounces as selloff prompts dip-buying rally

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Don’t do anything about your 401(k) until Tuesday

Oil Snaps Losing Streak as Markets Rebound, Russia Talks Stall

Cocoa hits 4-month lows, falls below $8,000/ton

Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

Wall St bounces as selloff prompts dip-buying rally

China mulls 50% pay cuts for underperforming fund managers