Economic Times
Mahindra Finance plans to launch a co-branded credit card with RBL Bank after receiving approval from the RBI. This new offering aims to cater to cust
A digital credit line offers flexible and convenient borrowing options by allowing users to access funds as needed within a pre-approved limit. Intere
State Bank of India (SBI) was named the Best Bank in India for 2024 by Global Finance Magazine at its 31st Annual Best Bank Awards in Washington. SBI
Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the se
IDFC First Bank's profit dropped 73% year-on-year to ₹201 crore in September 2024 due to a significant increase in provisions for its microfinance b
Icra predicts a slowdown in credit growth for banks and NBFCs due to regulatory measures and tighter funding conditions. Bank credit growth is set to
The Reserve Bank of India revoked UAE Exchange Centre LLC's Certificate of Authorisation for non-compliance with regulatory norms, preventing it from
Rising delinquencies in India's microfinance sector will increase credit costs above 5% this fiscal, impacting profitability, S&P analysts say. Regula
Partha Pratim Sengupta has been appointed as the Managing Director and Chief Executive Officer of Bandhan Bank, effective November 1, 2024, for a thre
The Indian government has increased the loan limit under the Pradhan Mantri Mudra Yojana from Rs 10 lakh to Rs 20 lakh. The new category, Tarun Plus,
Star Health has taken legal action against Telegram and a hacker for leaking personal data of policy holders through chatbots. A Tamil Nadu court has
Axis Bank's CEO Amitabh Chaudhry has been reappointed for a third term, effective January 2025 to December 2027, following RBI approval. His tenure sa
Finance Minister Nirmala Sitharaman states that a pathway has been built for multilateral development banks to address global challenges effectively.
Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers' repayment capacities this
Religare Enterprises informed stock exchanges that the Reserve Bank of India rejected its proposal to appoint Rakesh Asthana as a director. This rejec
Axis Bank on Thursday reappointed Amitabh Chaudhry as the Managing Director and Chief Executive Officer of the bank for the next three years starting
India's automotive industry, which accounts for 7.1% of the nation's GDP, has boosted the growth of motor insurance. This sector now represents around
"We have said we would like to continue to invest in the franchise, given the opportunity," Puneet Sharma, chief financial officer of Axis Bank, told
The Financial Intelligence Unit imposed a fine of Rs 54 lakh on Union Bank of India for failing to report suspicious transactions and inadequately con
India's central bank has approved Pranav Chawda as the CEO of JPMorgan Chase's local banking unit for three years. Chawda, currently head of commercia
