Economic Times
In July, India's life insurance industry saw a 16.9% year-on-year growth in annualised premium equivalent (APE), largely driven by private insurers, w
Rana Ashutosh Kumar Singh has assumed the role of Managing Director in charge of Risk Compliance and the Stressed Assets Resolution Group at State Ban
Kotak Mahindra Bank’s subsidiaries Sonata Finance and BSS Microfinance approved merging, pending regulatory and shareholder approvals. The merger fo
A Bench led by acting chief Justice Manmohan, however, turned down a petition by former Rajya Sabha member Subramanian Swamy, seeking to set up a comm
The Reserve Bank of India (RBI) has imposed penalties on five entities, including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for non-
Bajaj Finance has been served with a show cause notice for a GST demand of Rs 342 crore. Authorities claim the fixed upfront interest collected from B
Private sector bank CEOs saw modest salary increases in FY24, reflecting cautious regulation by the RBI. Explore detailed breakdowns of who received w
Muthoot Microfin is in advanced talks with European investors to secure $50 million in external commercial borrowing, aiming to lower costs and pass o
The Kerala Bank, a consolidation of district cooperative banks, announced loan waivers for those affected by the Wayanad landslides, including decease
Anil Ahuja, founder of IPE Plus Fund, is facing scrutiny due to connections with the Adani Group and historical financial decisions. Ahuja previously
Private sector bank chiefs saw modest salary hikes in FY24, reflecting the RBI's strict oversight on CEO pay. HDFC Bank’s Sashidhar Jagdishan topped
BoB and Canara Bank have increased their lending rates by 5 basis points on six-month and one-year tenures with effect from August 12. UCO Bank, too,
CVC Capital Partners has become the highest bidder to acquire Aavas Financiers, beating EQT. Current promoters Kedaara Capital and Partners Group plan
According to a study by Policybazaar, nearly one-third of health insurance claims were due to seasonal diseases such as dengue, malaria, and gastroent
Motor insurance's contribution to non-life industry premiums dropped below 30% amid sluggish car sales, while health insurance premiums surged. The no
Earlier on August 1, creditors to Anil Ambani-promoted Reliance Capital, led by bond holders trustee Vistra ITCL (India) in a letter to Mauritius-base
Finance Minister Nirmala Sitharaman urged banks to prioritize 'core banking' in a meeting with RBI's Central Board of Directors. The session reviewed
Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defend
Banking Laws Amendment Bill: Finance Minister Nirmala Sitharaman introduced new Bills in the Lok Sabha on Friday, including the Banking Laws (Amendmen
Bank deposit rates: Indian banks reported a brief surge in deposit growth over credit offtake as of mid-July 2024. Despite this, banks are facing a gr
