India Q1 GDP growth slows to 7.1%, poll shows
India’s economy grew at 7.1% in the April-June quarter, slowing from 7.8% in the previous three months, according to a Reuters poll of 58 economists. The Reserve Bank of India said the…
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Rupee ticks up as RBI likely intervened in forex market
The Indian rupee edged up against the US dollar on Tuesday, supported by what traders said was likely intervention by the Reserve Bank of India in the foreign exchange market. The currency…
Home ownership top priority for 31% of lower-middle-class Indians: Survey
Buying a home has become the biggest five-year financial goal for 31% of lower-middle-class Indians, according to Home Credit India's fourth edition of 'The Great Indian Wallet 2026' survey released on Tuesday.…
Suspected loan fraud value nearly quadruples to Rs 48,021 crore in FY26
The value involved in suspected loan application anomalies at Indian lenders surged nearly fourfold to Rs 48,021 crore in the financial year ended March 2026, from Rs 12,230 crore two years earlier,…
FPI buying returns to India but remains selective, data shows
Foreign portfolio investors (FPIs) invested over Rs 25,000 crore in Indian equities between 1 and 24 August, the strongest monthly inflow since September 2024, after Rs 20,200 crore in July. If the…
RBI draft rules may curb NBFC pricing flexibility on floating loans
The Reserve Bank of India has proposed new rules that could limit how larger non-bank lenders revise interest-rate spreads on floating-rate loans. Under the draft Interest Rates on Loans and Advances Directions…
Bank deposits grow 5 times faster than accounts, report shows
Individual bank deposits grew nearly five times faster than the number of bank accounts in FY26, a sign that household savings are deepening within the banking system rather than relying on new…
UPI completes 10 years as transactions reach Rs 314 lakh crore
The Unified Payments Interface completed 10 years on 25 August, with annual transactions rising from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26. Their value increased from Rs 0.07…
State-run banks propose priority sector lending norms for EVs, clean energy
State-run banks have proposed changes to the priority sector lending (PSL) framework to create specific lending categories for electric vehicles, charging infrastructure, and climate-transition projects. The proposals include PSL-linked limits of up…
Sensex rises 287 points, Nifty ends at 24,334
Indian benchmark indices rebounded on Tuesday, with the Sensex closing 286.98 points higher at 77,656.09 and the Nifty 50 gaining 115.50 points to end at 24,334.55, according to The Hindu BusinessLine. The…
