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SRG Housing Finance

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Banking, Fintech & Insurance 05 Oct 2026, 10:20 PM IST

National Housing Bank Orders Forensic Audit of SRG Housing Finance Amid Fictitious Loan Allegations

The National Housing Bank has initiated a forensic audit of SRG Housing Finance amid allegations of dubious lending practices, including fictitious loans, unsupported borrower accounts and mismatches in repayment records. The probe is expected to examine consumer data and loan origination processes in detail, building on earlier findings that flagged possible fictitious lending of ₹300 crore to ₹400 crore.

By RDU Global Wire5 min read
Defence, Intelligence & Aerospace05 Oct 2026, 08:55 PM IST

Navy’s Free High-Speed Wi-Fi Rollout Reaches 90% Across Unaccompanied Housing

The U.S. Navy says its initiative to provide free, high-speed Wi-Fi across all unaccompanied housing is now 90% complete, with service active in 865 of 962 buildings since the rollout began in November 2025. The milestone underscores a broader effort to modernize quality-of-life infrastructure for sailors living in barracks and similar housing, while closing a longstanding connectivity gap that has affected daily life, training access and morale.

5 min readRead →
National Governance & Policy05 Oct 2026, 12:37 PM IST

Fisherfolk Oppose Secretariat Plan at Foreshore Estate, Demand Land Return and Housing Talks

Fisherfolk in Chennai have intensified their opposition to the proposed Secretariat at Foreshore Estate, hoisting black flags to signal resistance to the plan. They are demanding that the government return Srinivasapuram lands, build new homes for 15,000 fishermen along Marina Loop Road, and hold direct consultations with the community.

5 min readRead →
National Governance & Policy05 Oct 2026, 09:48 AM IST

Centre Pledges 300,000 Permanent Homes for Andhra Pradesh in Major Housing Push

The Union government has announced a large-scale housing commitment for Andhra Pradesh, marking one of the most significant welfare allocations in recent years for the state. At a public event in Burripalem, Union Agriculture Minister Shivraj Singh Chouhan and Chief Minister N. Chandrababu Naidu projected the initiative as both a social intervention and a development signal for rural and urban households awaiting secure shelter.

6 min readRead →
National Governance & Policy05 Oct 2026, 06:48 AM IST

Centre Pledges 300,000 Permanent Homes for Andhra Pradesh in Major Housing Push

The Modi government has announced a landmark housing commitment for Andhra Pradesh, promising 300,000 permanent homes in a significant expansion of welfare delivery. Union Minister Shivraj Singh Chouhan and Chief Minister N. Chandrababu Naidu framed the move as a development milestone during a public event in Burripalem, underscoring the Centre’s renewed emphasis on visible, asset-based governance.

5 min readRead →
Defence, Intelligence & Aerospace05 Oct 2026, 05:54 AM IST

Navy’s Free High-Speed Wi-Fi Reaches 90% of Unaccompanied Housing

The U.S. Navy says its effort to provide free, high-speed Wi-Fi across all unaccompanied housing has reached a major milestone, with service now available in 865 of 962 buildings. The rollout, which began in November 2025, is now about 90% complete and is aimed at improving quality of life, connectivity and day-to-day readiness for sailors living in barracks and similar housing.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 11:45 PM IST

Alternative Payment Rails Gain Ground as Cross-Border Finance Fragments

Petr Fradkov, chairman of PSB Bank, has described cross-border payments as one of the economy’s most closed and strategically sensitive sectors, underscoring how alternative infrastructure is reshaping the movement of money across borders. In remarks to RBC, he outlined the operating logic of the A7 international payment system, a mechanism designed to function in an environment where conventional international payments are increasingly constrained.

5 min readRead →
Startups & Venture Capital05 Oct 2026, 07:46 PM IST

Why Finance Teams Must Start Thinking in Systems

Finance teams in startups are moving beyond bookkeeping and month-end reporting into a more strategic role: designing the workflows that shape how money, data, and decisions move through the business. As companies scale, the winners are likely to be those that build connected systems early, reducing manual work and improving visibility across operations.

6 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 07:02 PM IST

PNB, Bank of Baroda and AU Small Finance Bank Jump on Strong Q2 Business Updates

Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose as much as 4% after all three lenders reported robust September-quarter business updates, with healthy growth in deposits and advances. The market response reflects confidence in loan momentum, even as analysts caution that near-term margins may stay under pressure because of surplus liquidity in the banking system.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 06:41 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on select UPI transactions, according to sources familiar with the matter. Officials believe the impact will be limited because only a small share of UPI volumes will be affected, while RuPay debit card transactions will remain free and the government will closely monitor any pass-through of charges to consumers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 05:58 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on a small slice of UPI transactions, according to sources. Officials believe the continued zero-cost status of RuPay debit card payments and close monitoring of pricing behaviour will help preserve India’s digital payments momentum.

5 min readRead →

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