Top Indian Lender Backs Next Phase of Banking Sector Mergers: India’s banking sector is gearing up for another transformative phase as the State Bank of India (SBI) advocates for fresh consolidation among public sector banks (PSBs). With India aiming to become a $30 trillion economy by 2047, large and resilient banking institutions are seen as […]
Category: Economics Current Affairs
Bank Credit Growth Slows to 11.3% While Deposits Rise to 9.7% in October
Bank Credit Growth Slows to 11.3% While Deposits Rise to 9.7% in October: India’s banking sector witnessed a noticeable shift in financial flows during October 2025. According to the latest data from the Reserve Bank of India (RBI), credit growth slowed to 11.3% year-on-year, while deposit growth picked up pace to reach 9.7% for the […]
Digital Gold Risks : SEBI
Digital Gold Risks: SEBI The Securities and Exchange Board of India (SEBI) has issued a strong advisory cautioning investors against investing in unregulated digital gold/e-gold products, highlighting their high risks and lack of investor protection. Digital gold is not classified or regulated as a security or commodity derivative and lacks the investor protection mechanisms available […]
Britannia Industries has appointed Rakshit Hargave as its new CEO and Executive Director
Britannia Industries has appointed Rakshit Hargave as its new CEO and Executive Director: Britannia Industries, one of India’s leading FMCG and food companies, has named Rakshit Hargave as its Chief Executive Officer (CEO) and Executive Director for a five-year term. The appointment will take effect from December 15, 2025, following approval from company members, according […]
India’s Forex Reserves Drop by $5.6 Billion in October
India’s Forex Reserves Drop by $5.6 Billion in October: India’s foreign exchange reserves saw a sharp fall of $5.6 billion, settling at $689.73 billion as of October 31, 2025, according to the latest data released by the Reserve Bank of India (RBI). This marks the second consecutive weekly decline, raising questions over global market pressures, […]
India’s Banking Giant SBI Reaches $100 Billion
India’s Banking Giant SBI Reaches $100 Billion: The State Bank of India (SBI) has achieved a historic dual milestone by crossing $100 billion in market capitalisation and ₹100 trillion in total business. This makes SBI not only the first Indian bank to achieve this scale but also a clear symbol of India’s emerging financial strength and the robustness […]
IPPB–EPFO MoU for Jeevan Pramaan Services
IPPB–EPFO MoU for Jeevan Pramaan Services: India Post Payments Bank (IPPB) has signed an MoU with the Employees’ Provident Fund Organisation (EPFO) to provide doorstep Digital Life Certificates (Jeevan Pramaan) services for pensioners under the Employees’ Pension Scheme, 1995 a key move toward inclusive and technology-driven pension delivery. Jeevan Pramaan is an Aadhaar-based, biometric-enabled Digital […]
Foreign Liabilities and Assets (FLA) Census 2024-25
Foreign Liabilities and Assets (FLA) Census 2024-25: According to the Reserve Bank of India’s 2024–25 Foreign Liabilities and Assets (FLA) census, the US and Singapore together contributed over one-third of India’s total Foreign Direct Investment (FDI), reaffirming their position as India’s top investment partners. Top Investors: The US (20%) and Singapore (14.3%) together contributed over […]
RBI Data on Household Debt and Asset Growth
RBI Data on Household Debt and Asset Growth: Recent RBI data (2024–25) reveal that Indian households are accumulating debt faster than assets, with annual liabilities rising 102% since 2019–20, outpacing the 48% growth in financial assets. The Reserve Bank of India’s financial accounts data track how Indian households build assets and accumulate liabilities annually, offering […]
SBI Joins India Bullion Exchange
SBI Joins India Bullion Exchange: The State Bank of India (SBI) announced its first gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX). The move, announced on 1 November 2025, is expected to reshape how gold is imported and traded in India, especially benefiting MSME jewellers through better pricing […]
