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Aadhar Housing targets 20% growth in FY27, eyes Rs.50,000 crore AUM in three years

NEW DELHI, May 6 -- Aadhar Housing Finance Ltd is targeting more than 20% growth in assets under management (AUM) in FY27 as it advances towards Rs.50,000 crore over the next three years, saying West ... Read More


SCBs clock 15.9% credit growth in FY26, led by services, MSMEs, retail

New Delhi, May 5 -- The Union finance ministry on Tuesday said India's scheduled commercial banks (SCBs) closed 2025-26 with robust credit growth of 15.9%, up sharply from 10.9% a year ago. The 497-b... Read More


Central Bank of India expects limited impact from new provisioning rules

New Delhi, May 4 -- State-owned Central Bank of India does not expect any significant impact from the Reserve Bank of India's expected credit loss (ECL) framework, managing director and CEO Kalyan Kum... Read More


India-Tanzania trade crosses $9 billion in 2025-26; both sides reaffirm push to deepen economic ties

New Delhi, May 1 -- India and Tanzania have reaffirmed their commitment to deepen bilateral economic engagement across sectors including digital infrastructure, MSMEs, healthcare, mining and agricultu... Read More


Uco Bank sees MSMEs steady amid global headwinds, eyes growth from retail loans

New Delhi, May 1 -- State-owned Uco Bank expects its micro, small and medium enterprises (MSME) portfolio to remain stable despite global headwinds, managing director and chief executive officer Ashwa... Read More


FDI inflows set to top $90 billion in FY26, says DPIIT Secretary Bhatia

New Delhi, April 30 -- Foreign direct investment (FDI) inflows are on track to reach $90 billion in the fiscal year ending March 2026, according to a senior government official, as India's push to pos... Read More


100% FDI in insurance to boost capacity, protect policyholders: Irdai chief Ajay Seth

New Delhi, April 30 -- The insurance sector requires deregulation in some areas and stronger regulation in others. However, deregulation does not mean laissez-faire," said Ajay Seth, chairman of the I... Read More


India aims for $2 tn total exports by FY31 with an MSME, agri push

New Delhi, April 29 -- India has drawn up a plan to more than double its total exports to $2 trillion by FY31. Towards this goal, commerce and industry minister Piyush Goyal has directed officials to ... Read More


Will Iran war shake India's flagship welfare schemes? The finance ministry wants to find out

New Delhi, April 29 -- The finance ministry is assessing the potential impact of external shocks such as higher energy prices, supply-chain disruptions and cyber risks on the government's flagship sch... Read More


Insurance regulator plans sales clean-up, distribution reforms, chief Ajay Seth says

New Delhi, April 29 -- Concerned about the rising number of complaints over unfair sales practices in India's insurance sector, the regulator is planning a major clean-up of how life, health and motor... Read More