Economic Times
Bajaj Finance has announced a 21% increase in its Fixed Deposit book, reaching Rs 66,131 crore by September 30, 2024. The company's customer base has
RBI Governor Shaktikanta Das urged bank boards to proactively manage risks by monitoring portfolios, identifying over-concentration, and addressing po
The Reserve Bank of India Governor cautioned banks about misselling practices. He stressed the importance of ethical conduct for the banking sector's
Finance Minister Nirmala Sitharaman, speaking at SBI's Mumbai main branch centenary, announced the bank will open 500 new branches in FY 2025. Sithara
Fusion Finance, a microfinance company, is facing financial difficulties. The company reported a significant loss for the recent quarter. Deloitte, th
100% FDI in Insurance: The Indian government is poised to permit 100% foreign direct investment in the insurance sector, aiming to attract global play
Piramal Enterprises Ltd and Bain Capital Credit have relinquished their license for India Resurgence Asset Reconstruction Company to the Reserve Bank
Indian banks are intensifying their efforts to attract deposits from non-resident Indians (NRIs), particularly in Kerala, a hub for NRI remittances.
Cedar-IBSi Capital is actively seeking to invest in 10-15 startups specializing in banking and insurance technology. With commitments reaching Rs 50-7
Credit card users in India spent more online in September, driven by e-commerce discounts and festive sales. Online card spending reached Rs 1,15,168
The recovery rate for creditors of bankrupt firms in India saw an uptick in the September quarter, reaching nearly 97% of the companies' fair value. H
Indian banks are turning to certificates of deposit (CDs) to bridge the gap between loan demand and deposit growth. CD issuances have surged by 69% th
Canara Bank has declared loans given to Reliance Communications and its unit as fraudulent. The bank alleged the Anil Ambani-promoted company misappro
Chennai-based matchmaking service provider, Matrimony.com, has introduced a new financial technology platform designed to provide financial assistance
State Bank of India is seeking a five-year loan of up to $1.25 billion, marking the largest dollar-denominated loan from India's financial sector this
Previously banks would rely on complaints raised by customers to check fraudulent activities, but now they are trying to set up parameters which can d
Several microfinance lenders in India have reduced their lending rates in recent months following regulatory scrutiny from the Reserve Bank of India,
Indian banks are facing significant losses in corporate insolvency cases, with haircuts exceeding 70% due to delays in resolution processes. The lengt
The CBI has concluded its investigation into allegations of wrongdoing by ICICI Bank officials in granting a loan to NDTV promoters. The agency found
The Reserve Bank of India has again designated SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks for 2024. This classification r
