Economic Times
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Monday that the central bank plans to introduce interoperability for internet bankin
1709548443 Companies - 9 months ago
Avenue Capital-backed Asset Reconstruction Company (India) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) from Sara
1709494581 Companies - 9 months ago
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay
1709494263 Companies - 9 months ago
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resourc
1709493773 Companies - 9 months ago
According to a survey by LocalCircles, a majority of people will stop using UPI if a transaction fee is imposed. The survey also found that 1 in 2 UPI
1709481338 Companies - 9 months ago
Cooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) to upgrade urban cooperative banks
1709373356 Companies - 9 months ago
Singhi has worked across functions such as business operations, underwriting, claims, sales, marketing, and distribution. Having started his journey w
1709275145 Companies - 9 months ago
Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.
1709273328 Companies - 9 months ago
Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, V
1709259722 Companies - 9 months ago
The National Highways Authority of India (NHAI) is considering extending the deadline for the 'One Vehicle, One FASTag' initiative compliance to March
1709193012 Companies - 9 months ago
NPCI International Payments Limited (NIPL), a subsidiary of NPCI, and Eurobank, a Greek bank, signed an MoU to enhance cross-border payments using the
1709192733 Companies - 9 months ago
In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points. As a result, bank borrowing has turned more expensiv
1709144912 Companies - 9 months ago
The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. D
1709139131 Companies - 9 months ago
The commercial credit portfolio of Indian micro, small, and medium enterprises grew 11% YoY in Jul-Sep due to accelerating economic activity. The cred
1709129599 Companies - 9 months ago
The lending landscape in India is undergoing a change with the spread of digitisation and the advent of fintechs. In the past, banks were hobbled by t
1709062445 Companies - 9 months ago
Khara told ET that India’s focus on building manufacturing muscle would further strengthen the growth capex trend and, in turn, banks that are expec
1709060219 Companies - 9 months ago
The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank
1709059034 Companies - 9 months ago
Nagaland government launched a fully-funded universal life insurance scheme to mitigate financial hardship caused by untimely demise. The scheme ensur
1709051015 Companies - 9 months ago
Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank ac
1709050500 Companies - 9 months ago
IndusInd International Holdings had submitted its plan in June 2023 in the second round of bidding for the debt-laden company that was originally prom
1709048669 Companies - 9 months ago
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