Economic Times
Banks' efforts to mobilise deposits by the quarter-end helped reduce the credit deposit ratio to 78.9 percent as of October 04. Despite this, year-on-
Punjab and Sind Bank (PSB) has notified that Mahanagar Telephone Nigam Limited (MTNL) accounts are now classified as Non-Performing Assets (NPA), effe
The Reserve Bank of India has directed Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv
Axis Bank became the fourth largest credit card issuer in Q2 FY25, with a 14% increase in Cards in Force. Credit card transactions surged, especially
Multiples appoints Rahul Chawla, a senior executive from Deutsche Bank, as the managing director for credit strategy. Chawla, with nearly three decade
Biz2X, a subsidiary of Biz2Credit, has surpassed Rs 9,000 crore in loan disbursements, driven by its AI-integrated platform, DigiKred. The company exp
Acko appoints founding member Sandip Goenka as CEO of its new life insurance business. Goenka, with over two decades of experience, will develop produ
PhonePe launches a new insurance plan priced at ₹9 that protects against firecracker-related accidents during Diwali. The plan offers coverage of up
RBI Governor Shaktikanta Das urged banks to fortify their liquidity buffers against potential threats and cautioned about the financial stability risk
Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment.
Hospitals in India introduce additional charges, such as disinfection fees and peak operation theatre charges, leading to a 20% rise in medical costs.
Banks have requested the RBI to increase the deposit insurance cover for senior citizens and reduce the premium for insuring other retail deposits. Th
Wealthy Indians are uncertain about investments abroad after a directive from the International Financial Services Centres Authority. It restricts fix
Indian Overseas Bank has inaugurated 15 Retail Loan Processing Centres, both physically and virtually, across various cities including Chennai and Ben
SBI plans to increase the threshold of the instant loan scheme for MSMEs from Rs 5 crore. SBI aims to simplify MSME credit by leveraging digital tools
Reliance's JioFinance App, launched on May 30, 2024, now offers diverse financial products including loans and digital savings accounts. Over six mill
Irdai is intensifying scrutiny of cybersecurity lapses in the insurance sector following a major data breach at Star Health Insurance. Over 31 million
Banks raise alarms over fraudulent entities impersonating them in text messages to dupe customers. They seek intervention from the finance ministry, T
Partha Pratim Sengupta will become the new managing director and CEO of Bandhan Bank. The Reserve Bank of India has approved his appointment for three
The Reserve Bank requires Asset Reconstruction Companies (ARCs) to join all credit information companies and submit relevant data in a standardized fo
