Page 12297 – FinSiddhi

NBFC credit surges 14.4% to ₹59.3 lakh crore in June, retail loans lead growth: RBI data

Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.

AWL Agri business penalised for substandard O=oil

FSSAI has secured an order against AWL Agri Business for substandard fortified sunflower oil. Laboratory tests found the product failed to meet prescribed vitamin fortification standards. A penalty was imposed after tests revealed vitamin levels were below prescribed standards. This rendered the product substandard under the Food Safety and Standards Act. FSSAI did not disclose…

PFRDA approves four new pension funds, increasing total to 14 for NPS subscribers

The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on…