Economic Times
RBI imposed penalties totaling Rs 60.3 lakh on five co-operative banks for regulatory violations. Penalties include fines for non-compliance with spec
Three Indian banks, State Bank of India, HDFC Bank, and ICICI Bank, entered the top 50 banks in the Asia-Pacific region by assets in 2023, up from two
Munich Re, a global provider of reinsurance, primary insurance and insurance-related risk solutions has announced the appointment of Surbhi Goel as CE
"The Board has unanimously approved the appointment of Keki M Mistry as the chairman of the board with immediate effect subject to approval of Insuran
NPCI approves Paytm's OCL to migrate users to major banks for UPI. PPBL issues force transition. New UPI IDs introduced. Merchants impacted by changes
Indiabulls Housing Finance has requested a review of the Supreme Court's February order, which allegedly expanded the Enforcement Directorate's powers
Despite RBI's unchanged rates, lenders raised deposit rates by 96 bps in FY24 due to rising credit demand. Liquidity tightened with incremental cash r
Renew car insurance promptly to comply with the law, avoid financial burdens, and maintain benefits like no-claim bonuses. Online services simplify th
Insurance companies in India are adjusting their policy terms, conditions, clauses, and wordings to provide customers with more flexibility in tailori
Aditya Birla Capital Ltd (ABCL), a non-banking finance company of the $65 billion cement to fashion group, plans to double its customer base in three
Nabard clarified that it doesn't provide loans directly to individual farmers but supports financial institutions and cooperatives in rural developmen
Speaking about the catchment which can be tapped into, Birla said the wider group has a 2.5 lakh strong small business ecosystem and currently serv
The move is expected to unlock funds for lending purposes and ease the pressure on banks that have been relying on costly deposits to disburse loans,
Fairfax's Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa's subsidiary provides secured, rated bonds at 9.5% c
Kotak Mahindra Bank customers on Monday reported difficulties accessing services due to problems with the system at the private sector lender. The len
The banking regulator has directed regulated entities (RE) to issue KFS to retail borrowers and small businessmen, effective October 1, 2024. KFS is a
The average ticket size per deposit rose 39% to Rs 4.6 lakh in FY24 as against Rs 3.3 lakh five years ago.
Jio Financial Services and BlackRock signed an agreement to form a 50:50 joint venture for the purpose of undertaking wealth business including incorp
To counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merchant onboar
Bank of Tokyo-Mitsubishi UFJ (MUFG) is set to buy a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-1
