Category: Banking
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PMFME scheme sees surge with over 1.46 lakh applications by June 2025; 58,213 loans sanctioned, 51,851 disbursed
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme recorded strong momentum in FY 2024–25, with 1,46,197 applications received for credit-linked subsidy till June 30, 2025. As shared in a written reply to the Rajya Sabha by Minister of State for Food Processing Industries Shri Ravneet Singh, the scheme has enabled wide access…
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SBI Research Maps India’s Oil Shift: From Russian Surge to Middle East Comeback Amid Tariff Tensions
Context: A proposed 25% tariff on Indian goods trade by the US—reportedly with scope for an additional 25%—would be a costly, counter-productive policy for businesses and consumers on both sides. India’s most pragmatic response is deft diplomacy and negotiation that safeguards national pride while minimizing trade disruption. India’s oil strategy since 2022 To ensure energy…
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SBI Q1FY26 Results: Detailed Analysis
1. Profitability State Bank of India (SBI) delivered a resilient quarter in Q1FY26 despite pressure on margins. Net Profit rose to Rs. 19,160 crores, registering a 12.48% YoY growth. Operating Profit stood at Rs. 30,544 crores, up 15.49% YoY. Return on Assets (ROA) at 1.14% and Return on Equity (ROE) at 19.70% indicate robust profitability.…
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SBI climbs to 163rd rank in Fortune Global 500 list 2025
State Bank of India (SBI) has made a remarkable jump in the 2025 Fortune Global 500 rankings, securing the 163rd position, up from 178 last year. With this, SBI remains the highest-ranked Indian bank in the prestigious list. India’s presence in the 2025 Fortune Global 500 Nine Indian companies made it to this year’s list.…
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Greater Noida Youth Shocked to See ₹1.13 Lakh Crore in Bank Account Due to Technical Glitch
An 18-year-old student from Greater Noida was left stunned after discovering a balance of nearly ₹1.13 lakh crore displayed in his bank account through a mobile banking app on Monday afternoon. The youth, Dalip Singh, a Class 12 student from the Unchi Dankaur area, had logged into the Navi App linked to his savings account…
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NABARD and RBI Boost Rural Financial Literacy; 2,421 Financial Literacy Centres Established Across India
In a strong push towards financial inclusion and responsible lending, the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India (RBI) have initiated multiple programs to enhance financial literacy and streamline access to microfinance in rural areas. Key Financial Literacy Initiatives To empower rural communities, especially microfinance borrowers, NABARD and…
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SBI and ministry streamline MPLADS with eSAKSHI portal for transparent fund management
The ministry of statistics & programme implementation, in collaboration with the state bank of india (sbi), has revolutionized mplads fund management through the esakshi digital platform. The eSAKSHI web portal, launched on 1st april 2023, integrates three key stages of the mplads workflow — mp recommendations, sanctioning by district authorities, and execution by implementing agencies…
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Over 10 Lakh Fraudulent Bank Accounts Frozen Using Financial Fraud Risk Indicator
The Financial Fraud Risk Indicator (FRI), developed by the Department of Telecommunications, has become a powerful tool in India’s fight against digital financial fraud. FRI flags mobile numbers as high-risk to alert banks and upi apps The Financial Fraud Risk Indicator (FRI) classifies mobile numbers based on their potential risk into Medium, High, or Very…
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Helpline 1930 helps save over rs. 5,489 crore in 17.82 lakh cyber fraud cases
The Ministry of Home Affairs has announced several key measures to combat the rising menace of cyber crime and digital fraud across India. In a written reply to Lok Sabha (Unstarred Question No. 2565 dated August 5, 2025), Minister of State for Home Affairs, Shri Bandi Sanjay Kumar, detailed the Central Government’s multi-pronged strategy under…
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RBI EASES RULES FOR SPECIAL RUPEE VOSTRO ACCOUNTS
The Reserve Bank of India (RBI) has issued a new directive to all Category‑I Authorised Dealer (AD) banks, simplifying the process of international trade settlements in Indian Rupees (INR). As per the latest circular, AD Category‑I banks can now open Special Rupee Vostro Accounts (SRVAs) for overseas correspondent banks without prior RBI approval. This move…