Reuters India Business

Dec 5 (Reuters) – India’s Fino Payments Bank received “in-principle” approval to transition into a small finance bank, the country’s central bank said on Friday. The transition will allow Fino Payments Bank to accept larger deposits, provide loans and credit facilities to individuals and small businesses, and expand its customer base and services, which are …

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By Gopika Gopakumar MUMBAI, Dec 5 (Reuters) – India’s central bank on Friday asked banks to submit a detailed plan on ringfencing their core business from other riskier non-core business by March 2026. The Reserve Bank of India said banks can have multiple entities in the lending business, but with approval of the bank’s board. …

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Dec 5 – India’s aviation regulator on Friday granted IndiGo a one-time exemption from pilot night duty rules after the country’s largest airline cancelled hundreds of flights this week due to a pilot staffing crunch. The regulator also withdrew the rule that restricted airlines from counting pilot leave as weekly rest. (Reporting by Abhijith Ganapavaram …

India grants one-time exemption to IndiGo from pilot night duty rules Read More »

Dec 5 – India’s aviation regulator on Friday eased some pilot duty rules after a staffing crunch forced IndiGo, the country’s largest airline, to cancel hundreds of flights this week. (Reporting by Abhijith Ganapavaram and Chandini Monnappa; Editing by Sonia Cheema)

By Neha Arora and Manvi Pant NEW DELHI, Dec 5 (Reuters) – India’s steel exports to Europe are expected to fall once the European Union’s carbon tax takes effect next month, prompting mills to seek alternative buyers in Africa and the Middle East, industry executives and analysts said. Imports of steel into the European Economic …

India’s steel exports to Europe set to drop as EU carbon tax looms Read More »