Economic Times
RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Sep
The Reserve Bank of India (RBI) on Monday approved HDFC Bank's proposal to acquire nearly 9.5 per cent stake in IndusInd Bank, the company said in an
The four lenders include Punjab National Bank (PNB), which is targeting a follow-on public offer (FPO) by September, and Central Bank of India, which
One97 Communications Ltd (OCL) has refuted media reports suggesting an investigation by the Enforcement Directorate (ED). The Reserve Bank of India (R
Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karnataka Compul
Bank of Maharashtra (BoM) has recorded the highest growth rate in terms of deposit mobilisation among public sector lenders at a time when most lender
The Mumbai police's EOW has filed a closure report in the alleged Rs 25,000-crore scam at the MSCB involving Deputy Chief Minister Ajit Pawar. The EOW
Transmission of policy rates improved more for deposits than loans in December. The 250 bps hike in policy rates are not fully transmitted by the comm
“We expect the change of control to take effect in the coming weeks from Aegon and Bennett, Coleman & Co. (BCCL) to the Bandhan Group,” Karni Sing
The Reserve Bank of India's tightening measures on unsecured loans and credit card outstanding are impacting growth. Unsecured loans are growing at a
“The review brought out that automation of the compliance monitoring process in SEs (supervised entities) remains a work in progress with various as
RBI orders Paytm Payments Bank to halt deposits and credit transactions post-Feb 29, 2024, citing persistent non-compliance and supervisory concerns.
NPST, a leader in digital payments and banking services, announced significant revenue growth in Q3, reflecting strong performance. The company achiev
The Insurance Regulatory and Development Authority of India (IRDAI) is considering measures to enhance governance in the insurance sector. One proposa
Demand for legal and compliance professionals in the BFSI sector has surged, with companies making key appointments to strengthen regulatory adherence
Demand for specialist legal and compliance professionals has surged in the BFSI sector in the past year. Companies are seeking to bolster their in-hou
The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore. With public sector banks and
The report by CRIF Highmark provides insights into the portfolio at risk across various buckets. It ranges from 0.3% to 2.1% as of June 2023. The repo
"In India, due to the government's management of infrastructure, we'll quickly understand consumer behaviours that took other countries decades to gra
Public sector Indian Bank plans to launch a wholly-owned subsidiary with a capital infusion of Rs 10 crore next year. The subsidiary will focus on bac
