The Reserve Bank of India (RBI) has taken a significant step to encourage wider foreign participation in India’s sovereign green bonds (SGrBs). The central bank has introduced a new scheme that allows foreign investors in the International Financial Services Centre (IFSC) to invest directly in these environmentally-friendly securities. SGrBs, issued by the Indian government, are …
The Reserve Bank of India (RBI) has announced the launch of a new Unified Lending Interface (ULI) on the same public digital infrastructure that supports the innovative UPI services. This platform enables a seamless and consent-based flow of digital information from multiple data service providers to lenders, aiming to reduce the turnaround time for assessing …
On August 28, 2024, the Union Cabinet approved a significant equity support of ₹4,136 crore to the North Eastern states to develop hydropower projects. This initiative aims to boost the region’s renewable energy capacity by adding a total of 15,000 MW over the next 8 years. The cabinet gave its green light to a power …
India’s market regulator, SEBI (Securities and Exchange Board of India), has raised concerns about suspicious practices in the SME (small and medium enterprises) market. They have warned investors that some SMEs are making unrealistic claims about their performance after going public. SEBI observed that these companies or their promoters often make overly optimistic announcements about …
On August 26, 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Unified Lending Interface (ULI), a new technology platform currently in its pilot stage, is set to revolutionise credit delivery to farmers and MSME borrowers by enabling frictionless access to banking services. Speaking at a global conference on digital public infrastructure …
India’s banking sector is experiencing strong profitability and improved asset quality, but slow deposit growth has become a significant issue in recent times. With bank credit growth outstripping deposit growth, banks will need to explore innovative strategies to attract more deposits. Current State of Bank Deposits Bank credit is growing at over 14%, surpassing deposit …
The recently proposed e-commerce policy covers six major facets of the e-commerce ecosystem: data, markets, export promotion through e-commerce, regulatory matters, and the development of infrastructure. All parties interested in the policy are considered, including investors, manufacturers, MSMEs, traders, retailers, startups, and consumers. Under the FDI Policy on E-Commerce, 100% FDI in B2B e-commerce activities …
In Q1 FY25, the Nifty 50 saw a 4% year-on-year growth, exceeding most expectations on Dalal Street. The NSE benchmark recorded a 5% EBITDA growth, marking the first time it reported single-digit growth in 4 years. The last instance of such single-digit EBITDA growth was in September 2020. Growth in Q1 FY25 was mainly driven …
The Indian telecom sector experienced significant growth during the financial year 2023-2024, as detailed in the annual report released by the Telecom Regulatory Authority of India (TRAI). The report, based on data provided by service providers, reveals notable trends and key metrics across various services. Key Highlights Overall Tele-density: Tele-density rose from 84.51% at the …
Since India gained independence in 1947, the BFSI (Banking, Financial Services, and Insurance) sector has undergone a significant transformation, evolving from a budding industry into a robust and dynamic component of the Indian economy. This growth has been driven by a series of reforms, policy changes, and technological advancements. Early Beginnings (1947-1969) In the immediate …
