BANKING

Banks are asking the Reserve Bank of India for more time on loan relief for exporters. The current scheme ends this month. Exporters face ongoing challenges from global trade issues. Banks believe the real impact of these issues will be seen next quarter. An extension would offer a crucial safety net for exporters.

from Banking/Finance-Industry-Economic Times https://ift.tt/Ri8uq2O
via IFTTT

BANKING

Public sector banks and financial institutions must now immediately report vigilance issues concerning their directors. The Finance Ministry issued this directive after instances where crucial adverse information was delayed. This includes private complaints, court observations, and inputs from law enforcement agencies. Such omissions are a serious concern for appointments and postings.

from Banking/Finance-Industry-Economic Times https://ift.tt/EUypSGk
via IFTTT

BANKING

Indian insurance companies are gearing up for significant changes. From April 2026, new rules will link capital requirements to specific risks. A new accounting standard will also alter how insurers recognize revenue and profits. These reforms aim to align India's insurance sector with global practices. Insurers are already assessing impacts and upgrading systems for the upcoming transition.

from Banking/Finance-Industry-Economic Times https://ift.tt/7nGQT1A
via IFTTT

BANKING

PNB has sought expressions of interest (EoIs) by January 3, to be followed by a Swiss auction. This marks a rare instance in recent times of a bank offering corporate loan accounts for sale, as lenders have largely been focusing on the disposal of retail and microfinance (MFI) portfolios.

from Banking/Finance-Industry-Economic Times https://ift.tt/Pgij7rY
via IFTTT

BANKING

The holiday season presents a cash flow challenge for SMEs due to rising demand and expenses. A well-planned SME business loan can provide the necessary working capital to manage increased orders, cover seasonal costs, and maintain financial stability. This allows businesses to capitalize on festive opportunities and ensure smooth operations.

from Banking/Finance-Industry-Economic Times https://ift.tt/mCeZOV7
via IFTTT

BANKING

Small business credit exposure has surged to Rs 46 lakh crore, a 16% increase, with active loan accounts growing by 11.8%. Policy support and government schemes have fueled this momentum, leading to improved portfolio quality and lower risk profiles across segments. Sole proprietors, dominating the credit ecosystem, show steady improvement, particularly those with an entity presence.

from Banking/Finance-Industry-Economic Times https://ift.tt/BXgVjwy
via IFTTT

BANKING

Life Insurance Corporation of India has partnered with Sahaj Insurance Services. This collaboration aims to bring LIC's life insurance products to rural and semi-urban India. Sahaj's digital network will help citizens understand and enroll in policies. This initiative will boost insurance awareness and financial inclusion across the nation. More citizens will now have access to essential life insurance protection.

from Banking/Finance-Industry-Economic Times https://ift.tt/35sWCZY
via IFTTT