Outstanding bank credit as of July 2026 is 3.7 times that of non-banking financial company (NBFC) credit, with bank lending expanding at a much steeper pace, according to a report by Bank of Baroda.
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The FATF is alerting countries about criminal abuse in gaming and gambling sectors. Criminals use gambling platforms for money laundering and smurfing transactions. Technological innovation creates complex ecosystems for regulators and law enforcement. Illegal gambling markets rival legal ones, offering…
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Exports under free trade agreements (FTAs) are now growing faster than imports under them, signaling an improvement in the utilisation of trade pacts, according to Union Minister of Commerce and Industry Piyush Goyal.
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The National Housing Bank raised concerns over SRG Housing Finance, identifying potentially fictitious loan accounts. Investigations have revealed that around one-third of the lender’s loan portfolio consists of these phantom accounts. The inquiry also indicated possible manipulation regarding non-performing assets…
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The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday defended the methodology used to calculate GST growth, saying the discontinued compensation cess cannot be retained in the comparison base and accusing attempts to combine different tax bases of…
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Thursday marked a mixed start for Indian benchmark indices in light of previous losses. The Sensex dipped, while the Nifty edged up slightly. The performance across broader markets reflected this divergence, with midcaps declining and smallcaps rising. Higher crude oil…
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