Economic Times
Axis Bank faced glitches after migrating Citibank customers to its systems, with many unable to access accounts or log into the Axis app. Axis acknowl
This new system aims to expedite the insurance claims process and make it more transparent, with real-time access to claims settlement status by the I
Goldman Sachs has named Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of its investment banking business in India. Sunil Khaitan has also
Following recent elections, increased government spending has injected liquidity into India's banking system, resulting in lower overnight borrowing r
About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, hous
Bank credit grew 14% while deposits grew 11% year-on-year, highlighting concerns over asset-liability mismatches. RBI emphasizes the need for banks to
In a rare move, the Reserve Bank of India (RBI) has raised concerns about Asheesh Pandey's conduct as an executive director at Bank of Maharashtra, in
The Insolvency and Bankruptcy Code (IBC) is seeing a rise in resolved cases, with a focus on innovative approaches and transparency to improve recover
Significantly the growth in deposits as well as credit was lower than the year ago period reflecting a slowdown in economic activity due to the unce
The government plans to introduce amendments to various banking laws during the Budget session to facilitate banking sector reforms, including privati
RBI Deputy Governor M Rajeshwar Rao, at the Conference of Statutory Auditors and CFOs of Commercial Banks, urged better NBFC disclosures, emphasizing
Punjab National Bank (PNB) launched 'Safety Ring' within internet and mobile banking to counter cyber frauds. This optional feature allows daily limit
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address th
Evolving from Mesopotamian credit practices to modern fintech, invoice financing aids businesses by selling unpaid invoices. Italian bankers and altGr
Bengaluru-based hospital chain Narayana Hrudayalaya (NHL) has introduced the Aditi insurance scheme, offering a Rs 1 crore cover for surgeries and Rs
Yes Bank clarified that it has not received any in-principle approval from the Reserve Bank of India for a stake sale, countering a speculative media
RBI met CFOs and auditors to enforce zero tolerance for compliance lapses. Deputy governors stressed accurate balance sheets, aggressive lending risks
Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited). Polyte
EXIM Bank of India signed a $2.5 million credit line with Guyana for a solar plant at Cheddi Jagan International Airport, effective June 24, 2024. 75%
Budget 2024: The State Bank of India (SBI) has suggested that the government should proceed with disinvestment of public sector banks (PSBs) as they a
