Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI) encourages 10-12 large life and general insurance companies to pursue public listi
The finance ministry has proposed allowing 100% foreign direct investment in the insurance sector, reducing the minimum paid-up capital for companies,
Private sector banks, led by HDFC Bank, have sold nearly ₹40,000 crore of loans this fiscal to enhance liquidity and balance their books amid slow d
State-run banks in India are planning to launch a new credit assessment model for micro and small enterprises by December, which will base lending dec
Indian banks, including State Bank of India and ICICI Bank, are reassessing their exposure to Adani Group after U.S. bribery accusations against Chair
Sa-Dhan has partnered with the Indian Institute of Banking & Finance (IIBF) to create a certification course for job seekers in the microfinance secto
Mizuho Financial Group is exploring a move into India's private equity and venture capital market. The Japanese bank is considering launching this ini
Nand Kishore has been appointed as the new Managing Director and CEO of SBI Funds Management Limited. He brings over 34 years of experience from Stat
The bill proposes 100% foreign investment in the insurance sector. It also reduces capital requirements for insurance companies. A composite license
Financial literacy and awareness at the ground level is crucial, not just for young people but also for the older generation, he said observing that t
The department of financial services in a letter to all PSBs said the transfer policy has been reviewed with an aim to promote greater transparency an
"The government has been pushing lenders to look at internal collaboration, create common utilities, and scale them up to improve their performance an
India's Competition Commission (CCI) greenlit several deals, including Kotak Mahindra Bank's purchase of Standard Chartered Bank's Rs 4,100-crore pers
Indian banks saw a rise in high-cost deposits in the September quarter. This may squeeze profit margins. Public sector banks lent more but gathered f
Indian banks saw a shift towards term deposits. These deposits grew to 61.4% of total deposits by September 2024. Attractive interest rates above 7%
Gold loan companies in India are accelerating growth plans, capitalizing on increased demand as microfinance lenders tighten credit. Muthoot Finance
The government approved the PAN 2.0 project. The project will create a central database for PAN cards. It will merge data from current providers. T
Financial Services Secretary M Nagaraju announced public sector banks will launch new products in the coming months to boost credit growth, particular
The govt is poised to revamp its insurance laws, potentially allowing insurers a single license to operate across life, general, and health insurance.
Citigroup is drastically reducing year-end promotions, impacting around 2,000 employees compared to approximately 8,000 in previous years, according t
