Economic Times
Indian Overseas Bank celebrates its 88th Foundation Day by unveiling new services and expansion plans. The bank will open 88 new branches and has incr
Bandhan Bank had a loan portfolio of Rs 1.16 lakh crore, up 18.6% over corresponding quarter last year. Its share of secured portfolio stood at 44.5%
India plans to reduce the number of regulations in the insurance sector and create a one-stop platform for insurance services. The country aims to pro
Vijay Shekhar Sharma, founder of Paytm, considered resigning from Paytm Payments Bank due to mounting regulatory pressures. Discussions were held to a
Sankar emphasized the increasing importance of cyber security as banks become more reliant on technology. He urged a closer examination of cyber secur
Airtel Payments Bank CEO Anubrata Biswas reported a significant increase in online applications for opening bank accounts and obtaining services like
Addressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18.7% of the
When Yes Bank was in trouble, the RBI rejected the offer from distressed funds manager JC Flowers and instead arranged a merger with a group of local
Vijay Shekhar Sharma, the founder and CEO of Paytm, has built the company from a startup to India's biggest mobile payments company. However, a recent
The Reserve Bank of India (RBI) defended its action against Paytm Payments Bank, citing "persistent non-compliance" and violations of regulations, inc
Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively
Paytm crisis: The Reserve Bank of India (RBI) has been cracking down on financial entities in recent years, and the action taken against Paytm is in l
The Reserve Bank of India (RBI) has taken disciplinary action against Paytm Payments Bank, following persistent non-compliance. The action was taken a
RBI Governor emphasised the importance of good governance, risk management, compliance culture, and customer protection for the safety of financial in
The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key fact stateme
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in
The Committee, to make insurance more affordable, recommended that GST rates applicable to health insurance products, particularly retail policies for
NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 cror
"No other bank has such a complete range of products addressed to the SME segment as HDFC Bank," said Vidya Pradeep, executive vice-president, credit
Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regu
