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Banking & Finance

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SBI fuels PSU Banks’ profit surge to record ₹1.78 lakh crores in FY 25; contributes 40% alone

SME E-NEWSJune 2, 2025June 4, 202504 mins

SBI posted a consolidated net profit of ₹77,561 crores (approximately $9.2 billion) in FY 25. According to Bloomberg data, this…

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  • Banking & Finance

India to allow US firms to bid for Govt. contracts worth $50 billion in wider scope for foreign firms: Report

SME E-NEWSMay 23, 2025June 4, 202505 mins

India and UK agreed on a free trade pact that gives British firms access to Federal Government contracts in select…

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  • Banking & Finance

RBI reviewing shareholding norms for banks, says Governor, Sanjay Malhotra

SME E-NEWSMay 23, 2025June 4, 202504 mins

RBI is examining shareholding norms and licensing rules for banks, as part of a broader review, Governor, Sanjay Malhotra said….

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  • Banking & Finance

RBI proposes relaxing rules for investments in AIFs

SME E-NEWSMay 19, 2025May 22, 202502 mins

The Reserve Bank of India (RBI) is considering easing investment norms for regulated entities (REs) in alternative investment funds (AIFs),…

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  • Banking & Finance

At $329 billion, Tamil Nadu about to overtake Pakistan’s GDP

SME E-NEWSMay 15, 2025May 17, 202502 mins

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In…

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  • Banking & Finance

Secretary, DFS chairs a review meeting to monitor the progress of Public Sector Banks in clearing pending cases for NCLT

SME E-NEWSMay 8, 2025May 15, 202503 mins

Banks advised to expedite the resolution process by minimizing delays in filing CIRP applications. Shri M. Nagaraju, Secretary, Department of…

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  • Banking & Finance

Japan’s Sumitomo Mitsui Banking gets RBI nod to pick 51% in Yes Bank

SME E-NEWSMay 6, 2025May 12, 202509 mins

Sumitomo Mitsui Banking will either buy less than 26% in Yes Bank and do a merger through a share swap…

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  • Banking & Finance

Financial impropriety forced Modi Govt. to remove Subramanian as IMF Executive Director: Congress

SME E-NEWSMay 6, 2025May 12, 202504 mins

Congress spokesperson, Supriya Shrinate alleged that Union Bank of India placed an order for two lakh copies of a book…

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  • Banking & Finance

‘Rs 33 lakh crore loans, 70% women’: PM Modi meets beneficiaries to mark decade of MUDRA Yojana

SME E-NEWSApril 8, 2025April 9, 202503 mins

Marking a decade of the scheme, Prime Minister Narendra Modi Tuesday said that more than Rs 33 lakh crores of…

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  • Banking & Finance

Uday Kotak is worried about India’s young entrepreneurs focusing more on stock and MF trading than on building companies

SME E-NEWSFebruary 21, 202507 mins

Uday Kotak warns that India’s economic ‘animal spirits’ are fading as young business families focus more on investments than building…

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