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 […]

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 […]