KSFE Becomes First Miscellaneous NBFC in India to Cross ₹1 Lakh Crore Turnover: Kerala State Financial Enterprises (KSFE) has achieved a historic milestone, becoming the first miscellaneous non-banking financial company (NBFC) in India to record a business turnover of ₹1 lakh crore. The state-owned firm reached this figure in record time, doubling its turnover from […]
Category: Economics Current Affairs
ICICI Bank Records Lowest Attrition Rate Among Private Peers for Three Consecutive Years
ICICI Bank Records Lowest Attrition Rate Among Private Peers for Three Consecutive Years: ICICI Bank, India’s second-largest private sector lender, has emerged as the best performer in employee retention among major private banks for the third consecutive year. According to its Business Responsibility and Sustainability Reporting (BRSR) report, the bank’s attrition rate fell to 18% […]
Indian Railways Launches 20% Return Fare
Indian Railways Launches 20% Return Fare: To ease festival rush and ensure better utilization of trains during peak travel months, the Indian Railways has launched an experimental Round Trip Package scheme offering a 20% rebate on the base fare of the return journey. This initiative aims to spread out passenger traffic, reduce last-minute booking pressure, […]
Skill Impact Bonds
Skill Impact Bonds: As India strives for economic growth and inclusive development, innovative models like the Skill Impact Bond (SIB) are emerging to address key challenges in skilling and employment, especially among marginalized communities and women. The Skill Impact Bond (SIB) 2025 report reveals that Jharkhand has the highest share of enrolled trainees, with women […]
National Highways & Infrastructure Development Corporation Limited (NHIDCL)
National Highways & Infrastructure Development Corporation Limited (NHIDCL): The traffic from Sikkim and Kalimpong to Siliguri and vice versa on NH10 remained suspended because of repairs by the National Highways & Infrastructure Development Corporation Limited on a 30 km-long stretch following a landslide and cave-ins. It is a Central Public Sector Undertaking (CPSU) under the […]
Assets Under Management
Assets Under Management: The Asset Under Management (AUM) of India’s Mutual Fund (MF) industry was estimated at ₹74.40 lakh crore, marking a more than sevenfold growth in 10 years, according to a recent report. AUM is a crucial metric in the financial industry, particularly in mutual funds. AUM refers to the total market value of […]
LTIMindtree Bags ₹811.5 Crore PAN 2.0 Project from Income Tax Department
LTIMindtree Bags ₹811.5 Crore PAN 2.0 Project from Income Tax Department: The Income Tax Department has selected LTIMindtree Ltd, a Larsen & Toubro subsidiary, to execute the PAN 2.0 project. Cleared by the Cabinet Committee on Economic Affairs in November 2024, the project—worth ₹811.5 crore aims to modernize and streamline PAN and TAN services and […]
Investor Education and Protection Fund Authority
Investor Education and Protection Fund Authority: The Investor Education and Protection Fund Authority (IEPFA) is in the final phase of testing its Integrated Portal, a unified digital platform designed to streamline claim processes and enhance accessibility for both investors and companies. The Investor Education and Protection Fund Authority (IEPFA) was established in 2016 under the […]
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank
RBI Approves Merger of New India Co-operative Bank with Saraswat Bank: The Reserve Bank of India (RBI) has approved the merger of New India Co-operative Bank with Saraswat Co-operative Bank, the largest urban co-operative bank in the country. The merger will officially take effect from August 4, 2025. Under the approved Scheme of Amalgamation, Saraswat […]
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking
India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking: The India Post Payments Bank (IPPB) has launched a nationwide Aadhaar-based face authentication feature for customer transactions. Developed under the Unique Identification Authority of India (UIDAI) framework, this innovation is designed to ensure financial inclusion while enhancing both security and convenience.The new feature allows […]
