Economic Times
“Elara Capital will extensively benefit from Manoj’s extensive business and leadership skills to help strengthen our business focus. His guidance
Vineet Tripathi has over two decades of experience with banks, insurance companies and NBFCs. In his previous stint, he served as the chief business o
The Central Bureau of Investigation (CBI) conducted raids across 67 locations in Rajasthan and Maharashtra in connection with suspicious Immediate Pay
AU Small Finance Bank, which has remained a western regional player, is set to expand into South as it is confident of replicating its model amid stro
RBI Governor Shaktikanta Das emphasizes support for Fintech while clarifying the action against Paytm Payments Bank (PPBL) as a response to non-compli
IIFL Finance announces a $200 million liquidity support from top shareholder Fairfax India, following the Reserve Bank of India's directive to halt go
The notification follows a draft circular issued in July last year which asked banks to issue cards from more than one network provider giving an opti
Eurobank, based in Athens, plans to establish a presence in India by opening a representative office in Mumbai. With 80.5 billion euros in assets and
The Reserve Bank of India (RBI) on Wednesday issued directives aimed at ensuring greater choice and flexibility for customers in the issuance of credi
The company said that the objective behind the move is to "streamline the car ownership experience for customers by introducing innovative solutions p
The Pillar Two model rules under Global Anti-Base Erosion Regulation have been crafted to ensure that large multinationals pay a minimum level of tax.
Banks' bad loans have fallen to record lows as recoveries rise and many missed payments are regularized. Lenders anticipate stress and are building bu
Led by Diwakar Gupta, NARCL has emerged as the most active player in the bad loan market, acquiring over ₹30,000 crore of stressed loans in four mon
Banks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes updating exist
The Reserve Bank of India has approved the merger between Fincare Small Finance Bank and AU Small Finance Bank. The merger will give AU a foothold in
The Reserve Bank of India has approved NPCI Bharat BillPay Ltd to implement an interoperable payment system for internet banking transactions. The new
Gold loans constitute 32% or Rs 20,733 crore of IIFL Finance's total assets under management as of March 31, 2023, according to the finance company's
Svatantra Microfin, led by Ananya Birla, raised Rs 1,930 crore from Advent International and Multiples Private Equity. It has a business serving over
Advent International and Multiples to invest INR 1,930 Crores or $230M in Ananya Birla’s Svatantra Microfin, marking the largest private equity inve
AU Small Finance Bank plans to raise stake in the farm sector by lending to FPOs. It aims to work with corporates like Adani Group, ITC, and Reliance.
