Economic Times
State Bank of India has extended its Amrit Kalash and Amrit Vrishti fixed deposit schemes until March 31, 2025. Amrit Kalash offers 7.10 percent inter
Housing finance companies propose revamping the Credit Risk Guarantee Fund Trust for Low Income Housing. They suggest increasing the guarantee cover f
The Reserve Bank of India has rejected Religare Enterprises' attempt to appoint Rakesh Asthana to its board. This followed a complaint from the Burman
Zaggle Prepaid Ocean Services in Mumbai has appointed Virat Sunil Diwanji, the former Head of Consumer Banking at Kotak Mahindra Bank, as an Additiona
HDFC Bank, India's largest private sector lender, experienced an unscheduled downtime in its net-banking and mobile banking services, affecting NEFT a
Ravindra Kumar Kundu has started his five-year term as Managing Director of Cholamandalam Investment and Finance Company. Appointed in July, Kundu bri
The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers' carried interest as
Punjab CM Bhagwant Mann announced a new loan scheme from state cooperative banks for farmers to buy crop residue management machines. The scheme offer
State Bank of India plans to recruit up to 10,000 employees this financial year, focusing on technology roles like data scientists and network operato
Public sector banks are expected to see a slight quarterly dip in profits for Q2 FY25, with a 0.6% QoQ decline but a 17.2% YoY increase, according to
Bandhan Bank's total business grew by 24.6% in Q2 of the current financial year, reaching Rs 2,73,163 crore. Loans and advances stood at Rs 1,30,652 c
J&K Bank officers from the AIJKBOF staged a day-long hunger strike against the bank management's high-handed actions and anti-employee policies. They
Japan’s MUFG has re-entered the race to acquire a majority stake in Yes Bank after its proposal to invest in HDB Financial was rejected. MUFG has su
Banks in India are employing doorstep agents to capture photos and videos of mortgaged assets for auctions on eBKray, a platform that lists and manage
Indian mortgage lenders anticipate that new guidelines for the affordable home subsidy plan under the Pradhan Mantri Awas Yojana (PMAY) will plug fund
Small finance banks and microfinance lenders are setting a cap of four live loans per borrower. This is a precautionary step to avoid defaults due to
The weighted average lending rate (WALR) of private banks saw a decline of 15 basis points in August after the average rates had seen a rise of 18 bas
The unsecured business loan market is facing stress in asset quality with rising delinquencies, higher credit costs, and increased write-offs due to c
By the end of September, the gap between credit and deposit growth in India's banking system has narrowed to 162 basis points from 220 basis points. T
Google collaborates with Muthoot Finance to offer gold-backed loans via GPay and plans to roll out its AI assistant, Gemini Live, in Hindi and eight o
