NBFCs play a crucial role in financial inclusion, as they extend credit to people, communities and small businesses that are often underserved by traditional banks. The RBI’s engagement signals a growing concern within the central bank over the lag in rate transmission by these institutions, even as banks have shown relatively better, albeit still partial, alignment with monetary policy moves.
Oil prices little changed as US-Iran peace efforts hold
Oil prices saw minimal change as peace talks between the U.S. and Iran offered hope for the Strait of Hormuz’s reopening. Despite recent skirmishes, a
July 4, 2026