The Government of India has announced a fresh re-issue auction of four key Government Securities (G-Secs) with a combined notified amount of ₹32,000 crore. The auction, scheduled for November 28, 2025, will be conducted by the Reserve Bank of India (RBI) in Mumbai through a price-based multiple price method. The…
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India Eyes Bigger Banks via Mergers: FM Sitharaman
Mumbai, Nov 6: Finance Minister Nirmala Sitharaman announced that India is working towards creating more “big banks” by consolidating state-owned lenders and enhancing financial resilience through reforms. Speaking at a public event, she said that the government has already begun discussions with the Reserve Bank of India (RBI) and public…
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GST Revenue Up 4.6% to ₹1.96T Despite Tax Cuts
India’s Goods and Services Tax (GST) collections grew 4.6% year-on-year to ₹1.96 trillion in October 2025, reflecting strong domestic demand despite the recent tax cuts announced by the GST Council. This moderate growth indicates resilience in consumption, especially during the festive season. Festive Demand Fuels Collection Growth The finance ministry…
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Govt Plans UBI BoI Mega-Merger; Smaller PSBs May Be Privatised
New Delhi, October 28, 2025: The finance ministry is reportedly drawing up a consolidation plan for public sector banks that includes a proposed merger between Union Bank of India (UBI) and Bank of India (BoI) to create a state-owned lender second only to SBI by assets. The blueprint also flags…
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RBI’s Eased ECB Norms Unlikely to Attract Firms
New Delhi, October 28, 2025: The Reserve Bank of India (RBI) has unveiled a sweeping overhaul of the External Commercial Borrowing (ECB) framework, allowing Indian companies to borrow more from overseas lenders with fewer restrictions. However, experts suggest that these relaxations may not immediately spark a surge in foreign borrowings…