India’s formal loan systems saw a significant surge in FY26, marking a strong revival in borrowing demand. This growth followed a contraction in the previous year. The Reserve Bank of India’s policy rate cuts and liquidity infusion spurred lending. Credit…
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Finance Minister Nirmala Sitharaman has directed the Indian Banks’ Association to help banks combat emerging cybersecurity threats from Anthropic’s Claude Mythos AI. SBI Chairman Challa Srinivasulu Setty will lead these efforts. Banks will explore investments and technologies, including AI, to…
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The Indian rupee experienced its steepest weekly fall since September 2022. This decline occurred as oil prices surged amid concerns about a U.S.-Iran ceasefire and energy flow disruptions. Global markets faced uncertainty with fears of renewed Middle East military escalation.…
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The Indian rupee’s value against major currencies has fallen to its lowest in over a decade. This decline is driven by rising crude oil prices and significant foreign investment leaving India. Analysts suggest the rupee will remain under pressure in…
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SBI General Insurance achieved significant growth in FY26, with premium income reaching ₹15,904 crore. The company outpaced industry growth and gained market share. Key segments like health and motor insurance drove this expansion. Profitability also saw an increase, supported by…
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NFRA finds the firm generally compliant on independence, flags limited gaps in select audit engagements.
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