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For nearly two years, India’s microfinance sector was stuck in reverse gear. Loan books were shrinking. Borrowers were turning cautious. Lenders were worried about repayments. The industry, which serves millions of low-income households across the country, was battling one of its toughest phases in recent memory. Now, there are signs that the tide may finally…
SEBI Extends MF Distributor Incentive: The Securities and Exchange Board of India (SEBI) on Wednesday extended the deadline for implementing a new incentive plan for mutual fund distributors. The move is aimed at encouraging distributors to bring more investors from smaller cities and increase women’s participation in mutual funds. Earlier, the incentive structure was set…
No news Business ‘Your Money, Your Right’: Nirmala Sitharaman Launches Nationwide Campaign On Unclaimed Financial Assets — What Is It? New Delhi46 minutes ago Copy link The campaign will start from 4 October 2025 and run till December 2025. Finance Minister Nirmala Sitharaman started a ‘capital, your right’ campaign from Gandhinagar in Gujarat today (4…
Last Updated:August 15, 2025, 11:44 is ICICI Bank cut its minimum average balance to Rs 15,000 for urban, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas after backlash. Meanwhile, Punjab National Bank and Canara Bank had announced the removal of penalty charges for not maintaining the minimum average balance in all saving accounts….
Last Updated:August 06, 2025, 18:39 is India’s Financial Inclusion Index stands at 67.0 as compared to 64.2 in March 2024, showing the strengthening of financial inclusion and financial literacy initiatives. PM Modi (Photo: YouTube/ Narendra Modi) The Reserve Bank of India (RBI) released the Financial Inclusion Index (FI-Index) for the year ending March 2025, which…
Last Updated:May 30, 2025, 11:44 is A survey by the Ministry of Statistics and Programme Implementation reveals that 85.5 per cent Indian households own at least one smartphone, while 99.5& Indian youth now use UPI The volume of digital payment transactions in India increased by 34.8 per cent year-on-year, driven largely by UPI. (AI Generated)…
Last Updated:January 23, 2025, 8:28 PM IST With positives like growing digitisation, progressive regulatory policies, and a gradual rise in awareness, this is the opportunity to reimagine the insurance landscape Insurance Sector Expectation For Budget 2025 The Indian insurance industry is poised for transformative growth, driven by rising awareness of financial security and the growing…