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1 month ago | 
thehindubusinessline.com | KR Srivats |Abhishek Law
In a landmark move, a consortium of 25 banks led by State Bank of India (SBI) has executed the transfer of ₹ 12,700 crore worth stressed loans belonging to Jaiprakash Associates Ltd (JAL) to National Asset Reconstruction Company Ltd (NARCL), which is known as country’s ‘bad bank’. The completion of the transfer done in a 15:85 model means that the banks will, this quarter, get cash amounting to ₹1,905 crore that could be taken to their profit and accounts this quarter.
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2 months ago | 
thehindubusinessline.com | KR Srivats |Prabhudatta Mishra
After announcing the credit limit hike under Kisan Credit Card (KCC) in the Budget for the 2025-26 fiscal, the government is likely to raise the limit of collateral free loan segment within KCC to farmers ₹2 lakh from₹1.6 lakh now. The credit limit for dairy and poultry farmers may also be raised to ₹5 lakh. “The inter ministerial committee under Department of Financial Services (DFS) has already approved the proposal for raising the limit.
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Jan 17, 2025 | 
thehindubusinessline.com | KR Srivats
HSBC India on Friday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bankbranches in key cities. The new branches will be in cities identified for their growing wealth pools, serving as additional touchpoints for affluent, high net worth and ultra-high net worth clients with domestic and international wealth and banking needs.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
Punjab & Sind Bank (PSB) plans to, by this month end, roll out a digital MSME loan product upto ₹25 lakh that will be purely cash-flow based, Swarup Kumar Saha, Managing Director & CEO has said. “This is expected to be game changer for the bank as it would change perception that we are a digital friendly bank”, Saha told businessline here. He highlighted that PSB had two months back rolled out digital e-car loan, digital e-home loan products based on QR code and missed call.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
Client Associates (CA), the country’s largest multi-family office provider, has projected a robust recovery in Corporate earnings in 2025-26 with growth estimated at 11.7 per cent, signalling optimism for the medium-term future. This forecast is substantially higher than the 8 per cent earning growth projected for the current fiscal by the firm, which is now managing over $ 6.1 billion in assets.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
The Indian economy is projected to record an annual median growth of 6.4 per cent for 2024-25, the latest round of FICCI’s Economic Outlook Survey has revealed. The forecast marks a moderation from the 7-per cent estimate (for 2024-25) put out in the previous round conducted during September, 2024. The numbers are in line with the broad expectations and reflect a notable slowdown vis-à-vis 8.2 per cent GDP growth recorded in 2023-24.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
The Congress Party on Thursday renewed its demand for a Joint Parliamentary Committee (JPC) probe into the alleged financial irregularities of the Adani Group, rejecting claims that the closure of Hindenburg Research amounts to a “clean chit” for the conglomerate. In a strongly worded statement published in platform “X”, senior Congress leader Jairam Ramesh accused Prime Minister Narendra Modi of protecting his close ally Gautam Adani at the expense of national interests.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted the appeals filed by Meta Platforms and WhatsApp challenging the ₹213.14 crore penalty imposed by the Competition Commission of India (CCI) over WhatsApp’s controversial 2021 privacy policy. The Tribunal has now scheduled a detailed hearing on Meta’s plea for an interim stay on the CCI’s order on January 23, 2025.
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Jan 16, 2025 | 
thehindubusinessline.com | KR Srivats
PNB MetLife India Insurance Company Ltd (PNB MetLife) has forged a strategic bancassurance partnership with Saraswat Co-operative Bank Ltd, one of the largest urban co-operative banks in India. This collaboration aims to enhance financial inclusion by offering a comprehensive suite of life insurance solutions, including savings, protection, retirement, and group plans, to Saraswat Bank’s extensive customer base of approximately 30 lakh individuals, across 302 branches nationwide.
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Jan 15, 2025 | 
thehindubusinessline.com | KR Srivats
Ahead of the monetary policy review from February 5-7, Reserve Bank of India (RBI) Governor Sanjay Malhotra has convened a meeting on January 22 with industry captains, including heads of apex industry chambers of commerce. This meeting — described as a pre-policy interaction— assumes significance as it would be the first one after Malhotra assumed the role of RBI Governor on December 2024, industry sources said.
