# Tags

SBI Poised to Achieve ₹100 Lakh Crore Business by FY 2025-26

India’s Banking Titan Aims for Historic Milestone The State Bank of India (SBI), the nation’s largest public-sector lender, is on the cusp of achieving an unprecedented milestone of ₹100 lakh crore in total business by the financial year 2025-26. This ambitious target hinges on sustaining its current growth momentum, which includes a robust 14-16% increase […]

Gold Loan Industry to Revamp Repayment Model Amid RBI Concerns

RBI’s Stern Warning Sparks ChangeThe Reserve Bank of India (RBI) has expressed dissatisfaction with irregularities in gold loan practices, issuing a strict warning to banks and gold loan companies. This has prompted the industry to consider introducing monthly repayment plans for borrowers, marking a potential shift in how gold loans are structured and repaid. From […]

How Donald Trump’s Second Term Could Impact the Indian Economy: Rupee Devaluation, Inflation, and Market Volatility

As the U.S. presidential race intensifies, financial experts are examining the potential economic impact if Donald Trump secures a second term. A recent report by the State Bank of India (SBI) projects that the Indian rupee could depreciate by 8-10% against the U.S. dollar in such a scenario. This depreciation may ripple through India’s economy, […]

Dhanteras Boosts Festive Spirit Across India Amid ‘Vocal for Local’ Drive

As Dhanteras arrived, a sluggish market turned vibrant by evening, with buyers flocking to major markets across Delhi and other cities. Despite inflation concerns, businesses across India anticipate record sales, reflecting a renewed consumer interest in locally-made products. This year’s Dhanteras witnessed a strong ‘Vocal for Local’ trend, with Chinese goods noticeably absent from shelves, […]

RBI’s Rate Hikes Tame Inflation by 1.6% Since 2022, But What’s Next?

RBI’s Monetary Tightening Curbs Inflation The Reserve Bank of India (RBI)’s consistent increase in the policy rate by a total of 2.5% since May 2022 has helped bring inflation down by 1.60%, according to a report released by senior RBI officials on Monday. The article, authored by Deputy Governor Debabrata Patra and economists Indranil Bhattacharya, […]

India’s Economic Outlook Soars: World Bank Ups Growth Forecast to 7%

Strong Agricultural Output and Employment Policies Drive Growth The World Bank has significantly raised India’s economic growth forecast from 6.6% to 7% for the financial year 2024-25, attributing this optimistic revision to robust agricultural performance and effective employment policies. This projection is part of the South Asia Growth forecast report released on October 10, highlighting […]

Indian Automobile Market Sees 6.55% Growth, But Challenges Loom Ahead, Strong Two-Wheeler Sales

Drive Initial Gains Amidst Mixed Performance Across Segments The Indian automobile market reported a 6.55% year-on-year growth in the first half of the current fiscal year (FY25), primarily fueled by robust retail sales in the two-wheeler segment. According to a report from the Federation of Automobile Dealers Associations (FADA) released on Monday, rural markets are […]