Overview In a move to enhance transparency and accountability in the insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has fined Edelweiss Life Insurance Company ₹1 crore for violations of corporate governance norms, particularly related to outsourcing and policyholder KYC compliance. Why is this in the News? The recent order dated June … Read more
JioBlackRock Broking Pvt. Ltd., a subsidiary of JioBlackRock Investment Advisers Pvt. Ltd., has obtained regulatory clearance from the Securities and Exchange Board of India (SEBI) to initiate operations as a brokerage firm. This move is part of a 50:50 joint venture between Jio Financial Services Ltd. (JFSL) and global asset management giant BlackRock Inc., with … Read more
India’s Unified Payments Interface (UPI) is gaining momentum and is poised to overtake global giant Visa in daily transaction volumes. This growth marks a significant milestone in the digital payment landscape, positioning UPI as a leading platform globally. Key Highlights Driving Factors Behind UPI’s Surge Expert Insights Background – What is UPI? Summary/Static Details Key … Read more
In a groundbreaking initiative for India’s maritime industry, Union Minister Sarbananda Sonowal introduced the Sagarmala Finance Corporation Limited (SMFCL), the country’s premier Non-Banking Financial Company (NBFC) dedicated to maritime development. This launch is a crucial advancement in addressing financial gaps in the sector, aligning with India’s vision to become a global maritime leader by 2047. … Read more
Get insights into the recent appointment of Anuj Pandey as the new CEO of UGRO Capital, a leading NBFC in the financial sector. Key Highlights Why in News? UGRO Capital announced the appointment of Anuj Pandey as CEO on June 24, 2025, emphasizing continuity and deep domain expertise at the helm. The decision aligns with … Read more
The International Monetary Fund (IMF) has lauded India’s Unified Payments Interface (UPI) as a game-changer in the nation’s digital payment landscape. With a focus on interoperability and user-centric design, the UPI model has garnered global recognition for its transformative impact on digital transactions. Why in News? On June 25, 2025, the IMF released a paper … Read more
India experienced a significant increase in foreign direct investment (FDI) inflows, hitting $8.8 billion in April 2025, as reported by the Reserve Bank of India (RBI) in its monthly bulletin. This surge marks a notable rise from $5.9 billion in March 2025 and $7.2 billion in April 2024. The spike reflects a growing global trust … Read more
The National Payments Corporation of India (NPCI) has witnessed a significant 42% increase in standalone net profit (termed as ‘surplus’) to ₹1,552 crore for FY25 as per provisional data from ICRA. Additionally, the organization saw a 19% rise in revenue, amounting to ₹3,270 crore for the fiscal year ending March 2025. This growth highlights NPCI’s … Read more
Tata Group has achieved a significant milestone by becoming India’s first brand to exceed the $30-billion mark in brand valuation, as per the Brand Finance India 100 report for 2025. With a remarkable 10% year-on-year growth, the group’s brand value now stands at $31.6 billion, showcasing the increasing global influence of Indian brands. Key Highlights … Read more
In May 2025, credit card spending in India witnessed a significant growth of 14.5%, totaling ₹1.89 trillion. This surge was fueled by the issuance of 760,000 new credit cards, with major banks like HDFC, ICICI, and SBI Cards leading the trend. Key Highlights Bank-Wise Performance HDFC Bank ICICI Bank SBI Cards Axis Bank Objectives and … Read more
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