Economic Times
Banks in India are offering higher interest rates on deposits to attract savers, with more than two-thirds of deposits earning 7% or above by June 202
"The issue was discussed at a meeting (last month) with the Advisory Board for Banking and Financial Frauds (ABBFF), and it was decided that it will b
The Competition Commission of India has approved Ontario Teachers Pension Plan Board's acquisition of additional units in Highway Infrastructure Trust
AU Small Finance Bank has applied to the Reserve Bank of India for voluntary transition to a universal bank. This change would ease regulatory norms,
Recently, the net financial savings of households, have almost halved from the levels that existed in 2020-21 because of behavioural shifts underway i
Sumitomo Mitsui Financial Group has taken full control of its non-banking finance company, SMFG India Credit Co, by increasing its stake to 100% after
SBI chairman C S Setty said that despite years of infrastructure lending, banks lack the skills to finance emerging areas like green energy and batter
Bajaj Finserv chairman Sanjiv Bajaj aims to establish Bajaj Housing Finance as a leading mortgage company, akin to HDFC, following HDFC's merger with
Credit card dues have increased the fastest among bank loans, reaching nearly Rs 2.8 lakh crore by July's end, seeing a 22% year-on-year growth. Perso
At ET World Leaders Forum, Kelly Mahon Tullier, Visa’s Vice Chair and Chief People Officer, talked about Visa's role in accelerating digital payment
Google Pay's VP, Ambarish Kenghe, does not see any challenges with a potential cap on UPI market share due to the large number of players in the segme
Marc-Andre Blanchard, EVP and global head of sustainability at CDPQ, emphasized the importance of sustainability in driving profits and building busin
Acko, supported by major private equity firms, plans to invest ₹1,000 crore in its life insurance sector over the next five years. Founder Varun Dua
PNB Housing Finance, backed by Carlyle, aims to grow its affordable loan book to ₹15,000 crore by FY27. Currently, the affordable housing sector con
Lenders to debt-laden Reliance Capital have accused Hinduja Group's IIHL of delaying the resolution plan approved by NCLT for Rs 9,861 crore. IIHL awa
The Indian Banks' Association is asking the Reserve Bank of India to reduce the proposed additional 5% 'runoff' requirement on retail deposits and to
In an update from the Reserve Bank of India, both deposit and lending rates for commercial banks saw a sequential rise in July 2024. The weighted aver
Jio Financial Limited is set to launch home loan products after debuting their secured lending and digital banking solutions. The company, a Reliance
State Bank of India (SBI) Chairman CS Setty stated that the bank will not engage in a rate war on deposits, relying instead on their strong deposit ba
The Reserve Bank's regulatory measures are influencing commercial banks' lending patterns. Loans to industry and agriculture have grown significantly
