Finance

India’s GVA to Reach $9.82 Tn by 2035, Says PwC

By Editor - News Desk July 6, 2025

India’s economic activity is projected to nearly triple over the next decade, with gross value added (GVA) expected to surge from approximately $3.39 trillion in 2023 to $9.82 trillion by 2035. A report by PwC India, titled Navigating the Value Shift, highlights a transformative shift from traditional sector-based businesses to domain-led models aligned with core human and

Business Finance

RBI Publishes List of 1,600 Legal Digital Lending Apps

By BPN News Desk July 4, 2025

In a major move to enhance transparency and protect consumers in India’s rapidly growing fintech space, the Reserve Bank of India (RBI) has released a comprehensive list of 1,600 verified Digital Lending Apps (DLAs) on its official website. This step aims to help users identify legitimate platforms and avoid falling prey to fraudulent or unregulated […]

Business Finance

Banking System Liquidity Hits ₹3.74 Trillion, RBI Responds

By BPN News Desk July 4, 2025

India’s banking system has recorded a surplus liquidity of ₹3.74 trillion as of July 2, marking the highest level seen since June 2022. According to Reserve Bank of India (RBI) data, the surplus is the result of a combination of government spending patterns and weak Goods and Services Tax (GST) collections, creating a temporary flush […]

Business Finance

RBI Report Finds Sharp Rise in Individual Borrowers’ Per‑Capita Debt

By BPN News Desk July 3, 2025

According to the latest Reserve Bank of India statistics, the per‑capita debt carried by individual borrowers has increased notably over the past two years. The report highlights that average outstanding personal loans per borrower have climbed substantially, reflecting broader credit trends and shifting household financial behaviour. Rising Trend in Personal Borrowing The

Business Finance

HDFC CEO Jagdishan Moves SC to Quash Lilavati Trust FIR

By BPN News Desk July 3, 2025

HDFC Bank’s Managing Director & CEO, Sashidhar Jagdishan, has escalated the legal battle surrounding the Lilavati Kirtilal Mehta Medical Trust by approaching the Supreme Court. He seeks to overturn an FIR accusing him of accepting ₹2.05 crore in exchange for influencing governance decisions of the Trust. The case has triggered a storm of legal and public […]

Business Finance

₹2,000 Notes Worth ₹6,181 Cr Still in Circulation

By BPN News Desk July 3, 2025

Despite the Reserve Bank of India withdrawing ₹2,000 banknotes from general circulation on May 19, 2023, a significant amount still remains with the public. As of May 31, 2025, around ₹6,181 crore worth of these notes—roughly 1.76% of the original ₹3.56 lakh crore issued—are yet to be returned. ₹2,000 Notes Still Accepted as Legal Tender Although no longer actively printed

Business Finance

India Leverages EIB Ties and Global Diplomacy at Spain Summit

By BPN News Desk July 3, 2025

Finance Minister Nirmala Sitharaman led India’s delegation at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain, emphasizing the nation’s growing role in global finance and digital transformation. Digitalisation Strength During her meeting with Nadia Calviño, President of the European Investment Bank (EIB), Sitharaman proposed

Business Finance

Small-Savings Rates Unchanged for July–September Quarter

By BPN News Desk July 1, 2025

The Government of India has decided to maintain steady interest rates on key small-savings schemes—including Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS), along with various post‑office Time and Recurring Deposits, Kisan Vikas Patra, Monthly Income Scheme (MIS), and Savings

Business Finance

FM Sitharaman Reviews PSU Banks, Stresses Inclusion & Innovation

By BPN News Desk June 30, 2025

Union Finance Minister Nirmala Sitharaman recently chaired a comprehensive review meeting of India’s public sector banks (PSBs), directing them to intensify their focus on financial inclusion, digital innovation, and stronger credit practices. The session evaluated each bank’s performance and explored how the sector can evolve to meet national economic goals while serving

Business Finance

NPCI Net Profit Soars 42% to ₹1,552 Crore in FY25

By BPN News Desk June 25, 2025

The National Payments Corporation of India (NPCI) has recorded a sharp 42% increase in its net profit for the financial year 2024–25, clocking ₹1,552 crore. Alongside this, its total revenue surged to ₹3,270 crore, marking a 42% year-on-year rise. The numbers underline NPCI’s central role in India’s digital payments revolution and its growing stature globally. […]