Prasanta Sahu

SBI Funds Management, India's largest asset manager, aims to double its investor base in five years by expanding financial awareness, enhancing digital tools, and leveraging SBI's trusted brand for a successful IPO.

RBI Governor Sanjay Malhotra will meet with private and public sector bank heads to plan boosting FCNR(B) deposit inflows, address KYC challenges, and enhance forex mobilisation amid rising overseas interest rates. Discussions also focus on credit growth and innovative foreign currency deposit products for NRIs.

The RBI's dollar mobilisation measures in the June policy have drawn $10-11 billion inflows, with banks actively raising foreign currency funds through FCNR(B), ECB, and OFCB routes.

The government aims to raise Rs 80,000 crore through disinvestment in FY27, accelerating stake sales and asset monetisation amid fiscal pressures and geopolitical risks. Finance Minister Sitharaman pushes for urgent revenue mobilisation.

The government has received revised bids from Fairfax Financial and Emirates NBD for IDBI Bank's strategic sale, with the process likely concluding within a month amid high-level reviews and positive investor response.

The Centre may reintroduce a merchant discount rate (MDR) on UPI transactions of Rs 2,000 and above for large merchants to compensate banks and

India is unlikely to face any significant economic fallout from the renewed Iran-US tensions as the risk of a severe El Niño-induced drought has

The Centre plans to push AAI to sell its 26% stakes in Delhi and Mumbai airports under NMP 2.0, aiming to raise Rs 2,800 crore in FY27 amid fiscal pressures and strong investor interest.

Cabinet Secretary TV Somanathan has issued a "Guide on the Art of Delegating Work" urging senior bureaucrats to trust subordinates, avoid micromanagement, and eliminate reluctance to delegate authority in governance.

From Jan Dhan and Gati Shakti to highways, Jain brings an implementer's instincts to NITI Aayog