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New Delhi: In a fresh push to make healthcare more affordable, the Finance Ministry has instructed insurance companies and hospital groups to adopt a series of measures aimed at reducing medical costs and improving service efficiency. The directive was issued during a high-level meeting chaired by the Department of Financial Services (DFS), with representatives from…
The State Bank of India (SBI), the country’s largest public sector lender, reported a 10% jump in net profit for the second quarter (Q2) of FY25, reaching ₹20,160 crore, compared to ₹18,331 crore in the same quarter last year. The growth was supported by steady loan demand, improved asset quality, and a one-time gain from…
Efforts by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to attract more foreign investment into domestic debt have yet to yield the expected results. Despite relaxed regulations under the Fully Accessible Route (FAR), overseas inflows into Indian bonds remain below projections. Foreign Debt Inflows Lag Despite Liberalized…
India’s bank credit shrank in the first fortnight of October — marking the first contraction since mid-July — after a steady rise in disbursements through September, according to the latest Reserve Bank of India (RBI) data. For the fortnight ended October 17, bank loans declined by ₹49,468 crore. Despite this, the year-on-year (Y-o-Y) growth in…
October Sees Historic ₹27 trn in UPI Payments in Festivities. October 2024 marked a milestone for India’s digital payment in UPI processing 20.7 billion transactions valued at ₹27.28 trillion. The surge—representing a 5% jump in volume and 10% rise in value from September—was fueled by festive shopping sprees and GST 2.0 relief measures. The platform…