Economic Times
The Reserve Bank of India expressed worries about credit risk models' reliability, urging lenders to establish board-approved risk management policies
ICICI Bank plans to focus on the self-employed, private banking, and family offices to boost deposits. They saw potential in increasing client wallet
The government accumulated Rs 8,263 crore in GST from health insurance premiums for the fiscal year 2023-24. There have been appeals to exempt or redu
LIC stated that its Bangladesh office will be shut from August 5 to August 7, 2024, owing to intense political unrest. Over 100 people have died in cl
UPI transactions surged by over 36% to Rs 60 lakh crore in the first quarter of the current fiscal year, as reported by Minister of State for Finance,
A customer need not bear any loss if the deficiency is on the part of the bank and in cases, where the fault lies neither with the bank nor with the c
Finance Minister Nirmala Sitharaman announced that public sector banks' non-performing assets (NPAs) for Mudra loans declined to 3.4% in 2023-24 from
Indian payment firms GooglePay, PhonePe, AmazonPay, and Indian fintech firm Cred are among five companies reportedly seeking to join the Reserve Bank
Irdai's guidelines, effective from April 2024, mandate that insurers cannot reject any claim based on the pre-existence of an ailment three years afte
The Delhi High Court appointed a special CBI Court to speed up the trial of India's largest bank fraud case involving Dewan Housing Finance Ltd (DHFL)
Banks experienced growing stress in unsecured retail, micro finance, and rural loans in the first quarter, influenced by heatwaves, election slowdowns
At inter-se bidding held on Saturday (August 3), Omkara ARC gave the highest offer of Rs 652 crore, outbidding government-promoted National Asset Reco
The Supreme Court decided that banks and NBFCs are obliged to restructure MSME loans without awaiting applications, following mandates from the Centra
The finance ministry urged state-owned general insurers to focus on profitability rather than revenue growth. After a Rs 7,250 crore capital infusion,
Dinesh Kumar Khara, the outgoing chairman of the State Bank of India (SBI), stated that under his leadership, the bank's net profits over the past fou
The finance ministry has instructed public sector insurance companies, including LIC, to expedite claim disbursements for landslide victims in Kerala.
On Friday, the Union Cabinet approved several amendments to banking laws aimed at addressing unclaimed deposits and improving customer ease. Key chang
HSBC's Indian operations' profit rose by 4% year on year, driven by 7% growth in global banking and commercial banking divisions. With India as its fo
IRDAI imposed a Rs 2 crore penalty on HDFC Life due to regulatory violations identified during an inspection of financial years 2017-2020. Rs 1 crore
According to the BCG report “The Poster Child”, 75% of digital payments and loans and 25% of new digital accounts will originate from third-party
