Category : Banking


SMBC Gets RBI Approval for India Subsidiary

Sumitomo Mitsui Banking Corporation receives in-principle approval from RBI to establish a wholly owned subsidiary in India, marking a key step in foreign banking expansion.

IREDA Q3 Profit Jumps 38%, NPA Risks Remain

IREDA's December quarter shows robust 38% profit growth driven by interest income, but legacy NPAs and exposure to Gensol Engineering continue to pose risks to asset quality.

Trump's 10% Credit Card Cap Sparks Debate on Consumer Impact

Former US President Donald Trump's proposal to cap credit card interest rates at 10% for one year has ignited a fierce debate. Supporters argue it could save Americans billions, while critics warn it may restrict credit access for vulnerable borrowers.

Rupee Gains 11 Paise to 90.12 vs Dollar

The Indian rupee strengthened by 11 paise to 90.12 against the US dollar in early trade, recovering from a previous session's close amid market fluctuations.

Risky Assets to Outperform in 2026 Amid AI Boom

A new report forecasts that high-risk assets like stocks and cryptocurrencies will outperform safer investments in 2026, driven by the accelerating artificial intelligence boom and economic shifts.

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