Economic Times
The Reserve Bank of India has reportedly given its 'fit and proper' approval on bidders for IDBI Bank ahead of the Union Budget 2024, except one forei
Arka Fincap, part of the Kirloskar Group, announced a partnership with Central Bank of India to offer MSME loans. Under this co-lending arrangement, A
Favourable demographic dividend, rising income levels, acute housing shortage and the government’s push for affordable housing via several schemes s
HSBC Holdings Plc announced the appointment of Georges Elhedery as the group chief executive, effective September 2. The appointment marks its third C
Kotak Mahindra Bank is shifting focus to physical branch expansion following ban on digital onboarding, unveiling new distribution structure to integr
Indian banks are increasing deposit rates, with offerings ranging from 6.90% to 7.30% for various durations. This comes after the RBI's directive to n
Moody's Ratings affirmed HDFC Bank Limited's Baa3 long-term deposit ratings and baa3 Baseline Credit Assessment, maintaining a stable outlook due to I
According to Redseer Strategy Consultants, digital lending is projected to account for 5% of all retail loans by FY28, up from 1.8% in FY22 and approx
The Singapore state investor has deployed nearly $37 billion in India over the past two decades. That figure is set to rise sharply, with the company
Kotak Mahindra Bank unveiled a new Distribution structure to integrate its physical branches, digital platforms, and voice channels, enhancing custome
Paytm SEBI warning: One 97 Communications, Paytm's parent, received a SEBI warning for unapproved FY 2021-22 related party transactions with Paytm Pay
IDBI Bank's Stressed Assets Stabilisation Fund (SASF) is facing hurdles in its bid to recover 11.59% from the sale of non-performing loans worth ₹6,
Global interest in Indian debt is set to surge, potentially exceeding the expected $2 billion monthly inflow from JP Morgan's bond index inclusion. Ci
Temasek Holdings plans to increase its exposure to India by investing $2-3 billion annually over the next two to three years. The Singapore sovereign
The RBI has mandated banks to give borrowers three weeks to respond before labeling accounts as fraudulent, aligning with a Supreme Court ruling on na
Banks plan to form a Section 8 entity under the Companies Act to secure an SRO license for the fintech sector. Talks have included the Payment Council
Temasek, the Singaporean investor, plans to invest $10 billion in India over three years, focusing on financial services and healthcare amid India's e
State Bank of India (SBI) has introduced a new 444-day deposit scheme with 7.25% interest, 15 basis points higher than the prevailing rate. The bank's
Axis Bank faced glitches after migrating Citibank customers to its systems, with many unable to access accounts or log into the Axis app. Axis acknowl
This new system aims to expedite the insurance claims process and make it more transparent, with real-time access to claims settlement status by the I
