Economic Times
India's central bank has approved Pranav Chawda as the CEO of JPMorgan Chase's local banking unit for three years. Chawda, currently head of commercia
Microfinance institutions must avoid reckless lending to Self Help Groups and Joint Liability Groups, according to Financial Services Secretary M Naga
Jio Financial Services Ltd., led by Mukesh Ambani, is in early talks with Allianz SE to form insurance companies in India. Allianz seeks to exit exist
Speaking at an industry event organised by the CII on Tuesday, Insurance Regulatory and Development Authority of India (Irdai) chairperson Debasish Pa
The German insurer's decision stems from a shift in its priorities as it is unable to play a significant role in the operations. While signing the JV
The regulatory streamlining by the RBI is expected to curb gold loan growth as lenders must review and align policies to compliance norms. This impact
German company Allianz SE is considering an exit from its life and general insurance joint ventures with Bajaj Group. Bajaj Finserv holds a 74% stake,
Irdai has asked insurance companies to check their IT systems for vulnerabilities after data breaches at Star Health and Tata AIG. Both companies are
PhonePe has reduced customer support staff by 60% in five years, leveraging AI-driven chatbots to resolve over 90% of issues, amidst a 40-fold transac
India's private credit market is rapidly expanding with new local participants, raising concerns about potentially weakened lending standards. Experts
UCO Bank recovers Rs 414 crore from 26 accounts through NCLT in Q2, with Rs 393 crore resolved and Rs 21 crore under liquidation. Gross NPA ratio drop
The finance ministry is considering increasing Chief General Managers in public sector banks to support business growth and profitability. Current gui
HDFC Bank plans to lower its loan-to-deposit ratio to pre-merger levels within 2-3 years. Post-merger, the ratio spiked to 110%, prompting securitizat
Several state-owned banks, including Central Bank of India and Punjab National Bank, have waived processing fees on home loans during the festive seas
The Reserve Bank of India has lifted restrictions on JM Financial Products Ltd. This allows the company to resume financing against shares and debentu
ACESO has expanded its insurance assignment services to major private insurers like SBI Life, HDFC Standard, and ICICI Prudential, enabling policyhold
The RBI's directive to halt operations of four non-bank lenders, due to concerns about loan pricing practices, will significantly impact mid and small
The National Backward Classes Finance and Development Corporation will begin disbursing loans under the new 'Visvas' scheme next month for SC, OBC, an
Kotak Mahindra Bank has announced it will acquire Standard Chartered Bank's personal loan book in India, worth Rs 4,100 crore. The deal is expected to
Kotak Mahindra Bank Limited has agreed to acquire Standard Chartered Bank India's personal loan book, comprising loans worth approximately Rs 4,100 cr
