Economic Times
Rising delinquencies in India's microfinance sector will increase credit costs above 5% this fiscal, impacting profitability, S&P analysts say. Regula
Partha Pratim Sengupta has been appointed as the Managing Director and Chief Executive Officer of Bandhan Bank, effective November 1, 2024, for a thre
The Indian government has increased the loan limit under the Pradhan Mantri Mudra Yojana from Rs 10 lakh to Rs 20 lakh. The new category, Tarun Plus,
Star Health has taken legal action against Telegram and a hacker for leaking personal data of policy holders through chatbots. A Tamil Nadu court has
Axis Bank's CEO Amitabh Chaudhry has been reappointed for a third term, effective January 2025 to December 2027, following RBI approval. His tenure sa
Finance Minister Nirmala Sitharaman states that a pathway has been built for multilateral development banks to address global challenges effectively.
Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers' repayment capacities this
Religare Enterprises informed stock exchanges that the Reserve Bank of India rejected its proposal to appoint Rakesh Asthana as a director. This rejec
Axis Bank on Thursday reappointed Amitabh Chaudhry as the Managing Director and Chief Executive Officer of the bank for the next three years starting
India's automotive industry, which accounts for 7.1% of the nation's GDP, has boosted the growth of motor insurance. This sector now represents around
"We have said we would like to continue to invest in the franchise, given the opportunity," Puneet Sharma, chief financial officer of Axis Bank, told
The Financial Intelligence Unit imposed a fine of Rs 54 lakh on Union Bank of India for failing to report suspicious transactions and inadequately con
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
