Category: Finance

The credit score by CIBIL can decide whether someone gets a car loan, a home loan, or even a credit card. Yet, very few actually know how CIBIL works or who controls it. Most people in India know the importance of a CIBIL. It can decide whether someone gets a car loan, a home loan […]

“PSBs have been told to focus on credit growth across loan sizes, especially in core engineering, manufacturing, agriculture, MSMEs and startups,” the official said. The Finance Ministry has asked public-sector banks (PSBs) to broaden their credit focus beyond large corporations to include mid-market companies, small and medium enterprises, agriculture and startups, a senior Government official […]

IndusInd Bank launched ‘Indus StartUp Banking’ on August 11, 2025, a comprehensive program to support early-stage startups in India. The initiative offers banking facilities, credit and beyond-banking services, including current accounts, API access and premium lounge access. Startups under 10 years old can apply, benefiting from customized solutions and strategic partnerships. IndusInd Bank on Monday […]

Deloitte India has entered into a strategic alliance with Embark to offer end-to-end support to global firms building and scaling their Global Capability Centres in India, covering strategy, operations, infrastructure and governance, a release said on Wednesday. Put simply, global capability centre or GCC, is a strategic offshore unit, where multinational companies brainstorm innovation and […]

Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman presided over the 166th anniversary of Income Tax Day observed by Central Board of Direct Taxes (CBDT), in New Delhi today. Union Minister of State for Finance, Shri Pankaj Chaudhary also graced the event with his presence. Shri Arvind Shrivastava, Secretary, Revenue; Shri Ravi Agrawal, Chairman, […]

Justice, N. Anand Venkatesh refuses to interfere with the inclusion of Zylog Systems Director, Srikanth Parthasarathy in the willful defaulters list. The Madras High Court has refused to interfere with the inclusion of a former Director of Zylog Systems Limited in the list of loan defaulters maintained by Credit Information Bureau of India Limited (CIBIL) […]

Department of Financial Services (DFS), Ministry of Finance organized a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs). Various key initiatives taken by the Department highlighted at the colloquium, such as adoption of revised DRT Regulations, mandatory e-filing, among others. The Department of Financial Services (DFS), […]

India and UK agreed on a free trade pact that gives British firms access to Federal Government contracts in select sectors – covering goods, services and construction – on a reciprocal basis. India is opening up a chunk of its protected Government procurement market to foreign firms, including the U.S, two Government sources said, in […]

Banks advised to expedite the resolution process by minimizing delays in filing CIRP applications. Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a review meeting today to monitor the progress of Public Sector Banks in clearing pending cases for admission at National Company Law Tribunal (NCLT). The review entailed a follow up on […]