Business Finance

Bitcoin Surpasses $120K Amid Crypto Regulatory Push

By BPN News Desk July 14, 2025

Bitcoin crossed the $120,000 mark for the first time on July 14, reaching an intraday high of around $122,600. The leading cryptocurrency has gained nearly 29% since the beginning of the year, driven by renewed investor confidence and increasing interest from global institutions. This surge marks a major milestone in Bitcoin’s history and reflects growing […]

Business Finance

RBI OKs Voluntary Gold/Silver for Small Loans

By BPN News Desk July 11, 2025

The Reserve Bank of India has clarified that banks and NBFCs can accept voluntary pledges of gold or silver as collateral for small loans—without violating existing rules. This applies when such loans fall within the “collateral-free” limits set by RBI. The central bank emphasised that the pledge must be fully voluntary and not coerced. How […]

Business Finance

RBI: ₹2,000 Notes No Longer Circulating, But Still Valid

By BPN News Desk July 11, 2025

RBI Governor Sanjay Malhotra informed Parliament’s Finance Committee that ₹2,000 notes are no longer being issued or found in everyday transactions, but remain fully legal tender. The notes were officially withdrawn from circulation in May 2023. Why They Still Count Despite being phased out, approximately ₹6,100 crore worth of ₹2,000 notes remain with the public […]

Business Finance

Nirmala Sitharaman Urges Respectful NBFC Recoveries

By BPN News Desk July 11, 2025

Union Finance Minister Nirmala Sitharaman has called on non-banking financial companies (NBFCs) to follow respectful and fair practices while recovering loans. Speaking at a financial sector event in New Delhi, she stressed that while financial institutions have every right to recover dues, the methods must never compromise the dignity of borrowers. She cited instances

Business Finance

India Tops Fastest Digital Payments List with UPI

By BPN News Desk July 11, 2025

India has emerged as the world’s fastest digital payments market, largely driven by the widespread use of the Unified Payments Interface (UPI). According to recent global financial assessments, India now records over 18 billion UPI transactions every month, making it the largest real-time retail payments system globally by volume. Cash and Card Use on the […]

Business Finance

SBI Readies ₹25,000 Cr QIP for Next Week

By BPN News Desk July 10, 2025

India’s biggest public sector bank, State Bank of India (SBI), is set to kick off a major share sale worth approximately ₹25,000 crore (~US $2.9 billion) through a Qualified Institutional Placement (QIP), potentially as early as next week. The bank’s board has already given the green light, and SBI is now engaging with institutional investors for what may […]

Business Finance

NBFCs Poised to Rival Banks: Sitharaman Sets 50% Credit Share Target

By BPN News Desk July 10, 2025

Finance Minister Nirmala Sitharaman has declared that Non-Banking Financial Companies (NBFCs) are no longer just “shadow banks” and should aim to achieve a lending share equivalent to 50% of commercial banks’ credit by 2047—a significant jump from their current 24% share. NBFC Credit Share NBFC lending has surged from ₹24 lakh crore in March 2021 […]

Business Finance

Public Sector Banks to Hire ~50 000 Staff in FY 26 to Support Growth Plans

By BPN News Desk July 8, 2025

Public sector banks (PSBs) in India are set to recruit approximately 50 000 employees during the current financial year—a strategic move to support business expansion, technological upgrades, and enhanced customer service. PSB Hiring Banks across the PSU sector are increasing recruitment to meet growing demand: Around 21 000 officer-level roles and 29 000 clerks/junior

Business Finance

Jio‑BlackRock Raises ₹17,800 Cr Through Debut Fund Offer

By BPN News Desk July 7, 2025

Jio Asset Management, in partnership with global investment giant BlackRock, has successfully raised over ₹17,800 crore through its inaugural New Fund Offer (NFO). This staggering sum marks it as one of India’s most significant mutual fund launches to date, underscoring the powerful combination of Jio’s brand and BlackRock’s experience. Jio‑BlackRock The joint venture

Business Finance

RBI Tightens Cybersecurity: All Banks Required to Integrate DoT’s FRI Tool

By BPN News Desk July 7, 2025

In a significant move to curb digital financial fraud, the Reserve Bank of India (RBI) has mandated all banks to adopt the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) system. The decision, issued on June 30, 2025, marks a new chapter in India’s fight against cybercrime, ensuring real-time risk assessment for mobile numbers […]