Dreamfolks Services, once India’s largest airport lounge aggregator, has officially exited the lounge access business in India. The decision, announced in a stock exchange filing on Tuesday, is expected to disrupt lounge access for credit card users of select banks who rely on complimentary lounge access as a key perk. While this move may not impact cardholders of major banks, customers of smaller banks may face challenges until their banks forge new partnerships. For years, Dreamfolks acted as the middlem ...

In August 2025, Paizabazaar released a report titled: “How India Checked Credit Score”. Over 30 days, the survey attracted participation from 4.7 million participants from 710 cities. Out of these, 25% of the participants were Gen-Z (18 to 28 years) with an average credit score of 742.The survey shows how individuals are eager to build and maintain a good credit score right from a young age. A challenge that youngsters face is getting access to credit instruments like credit cards and loans to build their c ...

The total flow of financial resources to the corporate sector rose to ₹35 lakh crore in FY25, marking a modest 3% increase over the previous year. However, the composition of this funding reflects a shift away from traditional bank credit, signalling a broader economic slowdown.Of the ₹35 lakh crore raised, ₹17.1 lakh crore - or nearly 49% - came from non-bank channels such as Bankers attribute this shift to the strong performance of equity markets, which encouraged companies to raise capital through share ...

For Nigerian banks, March 26, 2026 looms large on the horizon. That is when they must show they’ve met the new capital requirements set by the Central Bank of Nigeria (CBN) for lenders operating in the country.In March 2024, banks were given two years by the financial system regulator to meet the new targets. The banks with both local and international operations were required to have minimum capital of 500bn naira, while those that operated only nationally need to have 200bn naira. Minimum capital for regi ...

The tepid consumption growth, coupled with a slowdown in government capex, has dampened market sentiments. In the last one year, the domestic Consumption the way forwardThe announcement of income tax relief in the Union The reforms simplify the existing fourtier structure (5%,12%,18%,28%) into three slabs, 5%, 18% and 40% (the latter is reserved for sin and luxury goods). The revised rates will take effect from 22 September 2025 onwards (except for tobacco) and are expected to boost affordability and consum ...

"With a comfortable inflation trajectory, the RBI has room to cut rates further by 25-50 basis points (bps). However, given the strong Q1 GDP number along with the recent consumption boost from GST cuts, we do not expect the RBI to cut policy rates further in the current cycle," Sakshi Gupta, principal economist, CPI-based inflation rose to 2.07% in August from July's eight-year-low of 1.61%, data released on Friday by the National Statistics Office showed. With this, inflation has entered the RBI's medium ...

Key insight: The case against Berkshire Bank, which includes unusually detailed allegations, represents the latest test of the law in cases where bank customers commit fraud.Supporting data: The Ponzi scheme's operator allegedly solicited $90 million from roughly 1,000 investors, promising them an 8% return on their money.What's at stake: Banks can be sued over whether they responded appropriately to what their customer due diligence efforts have revealed.Less than two weeks after completing a merger, Berks ...

Key Insight: Bankers are hopeful that regulators will increase the asset size for Category IV banks, a key regulatory threshold that's currently set at $100 billion.What's at Stake: Raising the threshold could lower costs and reduce regulatory burdens for banks, including those that are approaching the $100 billion threshold.Forward Look: Bankers will be watching for action from regulators.Bankers, analysts and investors are increasingly optimistic that a key asset threshold used in the oversight of regiona ...

A key part of Wio’s strategy is partnerships, which have enabled innovative offerings like real-time integration with accounting platforms, travel rewards with Etihad Airways, and access to IPOs through the ADX and DFM. This approach allows Wio Bank to weave financial services into the daily lives of its customers, making banking more accessible and intuitive.The bank reached profitability in 2024 and swelled its balance sheet to Dhs37bn just two years after launch. It has become a dominant player in the SM ...

In an age when leaders are urged to be everywhere at once, Vazgen Gevorkyan stands apart.His career, which spans banking, infrastructure, hospitality, and mentorship, has been shaped not by noise or speed but by a quieter force – discipline. For him, success is not about appearing first, loudest, or most visible. It is about showing up, doing the work, and committing to depth when the world celebrates shortcuts.“The work itself is the reward, not just the outcomes that follow.”Born in Armenia and trained in ...