Economic Times
Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In
The Reserve Bank of India announced special measures for the current financial year's closing, facilitating taxpayer convenience. RBI offices and desi
RBI deputy governor Swaminathan J discussed the rise of 'agile' fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for rob
HDFC Bank announced the completion of selling its stake in HDFC Credila, its education finance arm, for Rs 9,552.73 crore to private equity firms BPEA
The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC Ind
In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points, making bank borrowing more expensive for them. A bas
RBI penalized DCB Bank and Tamilnad Mercantile Bank for non-compliance with interest rate directives and CRILC reporting revisions. Penalties were due
41% of online banking users surveyed said that they have experienced interface interference where an interface they were engaging or transacting with
The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater
Bajaj Finance Fixed Deposits provide stability, good returns, and convenience with safety measures, competitive interest rates, and flexible tenure op
National Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt of Wind Worl
DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such
Arvind Kapil is currently the group head mortgage banking business at the bank which includes home loans, loans against property (LAP) and the sales b
In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also charged banks o
Asset Under Management nearly tripled to Rs 60.04 lakh crore as compared to Rs 21.07 lakh crore in 2013-14, while the total insurance premium more tha
The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financia
Financial Services Secretary Vivek Joshi emphasized the need for public sector banks to prevent mis-selling of insurance products and safeguard the in
Financial sector regulators in India are increasingly coming together to address wrongdoings and practices by market participants. This change is attr
The Reserve Bank of India (RBI) has been increasingly imposing penalties on banks and non-banking finance companies for violating its rules. The move
Consequent upon the resignation of Mahendra Chhajed from the Committee for personal reasons with effect from March 4, 2024, RBI said it has been decid
