Economic Times
The Bombay High Court declared that issuance of Look Out Circulars (LOC) by public sector banks against default borrowers without a specific law viola
The Reserve Bank of India's increased scrutiny on Kotak Mahindra Bank has resulted in a temporary halt on acquiring new customers through online and m
India's central bank plans to amend guidelines allowing banks to temporarily freeze accounts suspected of cyber crimes, combating a surge in online fr
Axis Bank's board approved the re-appointment of Amitabh Chaudhry as MD & CEO for three more years, subject to RBI approval, effective January 2025. C
The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix
Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investmen
Kedaara Capital has closed its $1.73 billion fund, Kedaara IV, the largest fund raised by an India private equity fund in 12 years. The fund, which wi
Kotak Mahindra Bank is in the latest in the line of entities in financial services which has been pulled up for various lapses. Hints are that more co
Goldman Sachs has hired Sunil Khaitan and Kamna Sahni as head of financing and M&A respectively in India. Both have previously worked at Bank of Ameri
The Mumbai-based Infina Finance donated electoral bonds worth Rs 60 crore to the Bharatiya Janata Party (BJP). The NBFC firm purchased these bonds in
Rana Ashutosh Kumar Singh recommended by FSIB for SBI MD post, pending Appointments Committee of the Cabinet approval under PM Modi's leadership. FSIB
The Reserve Bank of India (RBI) directed Kotak Mahindra Bank to halt new credit card issuance and customer onboarding via online and mobile banking du
Creditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in the resolut
HDFC Bank MD emphasizes stability over growth, positive outlook for next 2-3 years post-merger. Focus on quality, slow growth strategy. Plans to raise
AdaniConneX secures $900-950 million loan from MUFG Bank for 1 GW data centre expansion in multiple Indian cities. The loan, with an interest rate abo
In a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go back 16
"We will have our day when the proportion of borings comes down. We will have enough momentum in terms of funding, which we can then unleash in terms
The Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for purchasing health insurance policies,
A special CBI court granted bail to Yes Bank co-founder Rana Kapoor, criticizing the CBI for failing to start his trial promptly. The court argued tha
A special CBI court in Mumbai granted bail to Yes Bank founder Rana Kapoor in a fraud case, stating that further incarceration without trial would amo
