Solar financing: Renewable energy ministry issues clarification; says no lender advisory was issued to banks

The Ministry of New and Renewable Energy (MNRE) has denied reports of advising lenders to halt financing for renewable energy projects. The ministry clarified it shared information on solar PV manufacturing capacity to aid informed financing decisions, reaffirming commitment to self-reliance in the sector.

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Gold rate outlook: Prices stay firm as Fed decision nears; analysts say rupee weakness adds support

Gold prices are poised for gains this week, driven by anticipation of a US Federal Reserve interest rate cut and sustained central bank buying. A weaker rupee further bolsters domestic gold prices, making it more expensive in Indian currency. Meanwhile, silver continues its impressive rally, hitting record highs due to robust industrial demand and tight supplies.

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Home loan surge: SBI’s mortgage book crosses Rs 9 lakh crore; RAM-led demand seen driving 14% credit growth

State Bank of India's mortgage loan book surpassed Rs 9 lakh crore in November, with strong performance in retail, agriculture, and MSME segments. The bank has raised its credit growth guidance to 14% for FY26, driven by robust demand across its loan portfolios. SBI anticipates funding growth without additional equity capital for the next five to six years.

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