Economic Times
Microfinance loan disbursal slowed in April-June due to elections and heatwaves, Sumant Kathpalia, chief executive officer of IndusInd Bank said last
The government aims to receive financial bids for IDBI Bank by the end of this financial year, moving from the due diligence phase. DIPAM Secretary Tu
Bain, CVC Capital also in fray; 51% stake in play in 2nd largest Housing Finance company as current promoters Kedaara & Partners Group seek to exit 8
The RBI's new norms essentially translate into a greater requirement for banks to deploy more funds in HQLA, which could be quickly liquidated in a hy
In early July, Indian banks borrowed a record Rs 1.19 lakh crore from the market due to challenges in attracting deposits, which totaled Rs 1.02 lakh
Cholamandalam MS General Insurance Company Ltd reported a Gross Written Premium of Rs 1,945 crore for Q1 2024, showing a 14.3 per cent growth compared
"Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks,"
The Reserve Bank of India (RBI) governor Shaktikanta Das expressed his concerns about structural changes taking place in the financial sector as a fas
The bank grew its total loans by 15% on year to Rs 3.48 lakh crore. It grew only 1% sequentially as loan growth in the microfinance book fell by more
In February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuters report. T
Ten banks, led by Bank of India, have received Rs 334 crore from accumulated toll collections of Pune Sholapur Road Development Co Ltd, previously own
IDBI Bank sale: The divestment of IDBI Bank progressed, with private data to be available in August. Secretary Tuhin Kanta Pandey stated that the proc
Finance Minister Nirmala Sitharaman has indicated a significant shift in India's economic policy by suggesting that private companies may soon be able
Indian banks need new strategies to attract depositors despite the current level of low-cost deposits being comfortable. Financial services secretary
India's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will finalize the
Indian corporates found raising funds through offshore syndicated loans more affordable in 2024 due to increased global investor interest. The volume
Private life insurers in India have strategized to adhere to new IRDAI regulations requiring surrender value from the first year on non-participating
The merger will make HLF an NBFC, said KM Balaji, chief financial officer, Ashok Leyland. The current book value of HLF is Rs 3,200 crore-based on Ash
The RBI has proposed that banks assign an additional 5% run-off factor for retail deposits enabled with internet and mobile banking facilities (IMB).
NPS Chawla, co-founder of law firm Aekom Legal, in an interaction with ET highlighted the Insolvency & Bankruptcy Code (IBC) 2016’s progress, addr
