Economic Times
Kotak Mahindra Bank announced the acquisition of NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata operates across 10 states through 549 branches,
Bombay High Court's ruling alters banks' handling of wilful default cases. Evidence provision mandated, transparency increased. Concerns raised over b
Foreign Direct Investment (FDI) in India's information and broadcasting sector, including print media, decreased by 78% to ₹332 crore in Q3 of FY24,
Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade
DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided uncon
Enforcement Directorate attached Rs 124 crore assets in money laundering probe on Religare Finvest Limited, including properties in Gurugram and Delhi
The Reserve Bank of India (RBI) has levied penalties on several cooperative banks for various non-compliance issues. Nashik-based Janalaxmi Cooperativ
CBI is reportedly insisting on what could be a retrospective application of last year’s SC ruling that a borrower must be given a hearing before the
"We are launching multiple products in respect of assets and we want the branches to build the assets. All these products will be used for acquiring t
The regulator has also allowed the sale of Index Linked Insurance Products tied to publicly available indexes. Initially proposed higher surrender val
Under the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integrate their sy
Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolution delays
PSBs are projected to pay a dividend exceeding Rs 15,000 crore for FY24 due to increased profitability. The RBI is proposing new rules for dividend de
The Reserve Bank of India has initiated special audits for IIFL Finance Ltd and JM Financial Products Ltd to further investigate regulatory breaches.
IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish
These regulations focus on safeguarding policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace, foreign
Credit card transactions jumped 30% to ₹1.7 lakh crore in January, with ecommerce and bill payments driving the surge. The younger generation's onli
HDFC Bank, India's largest lender by market value and the biggest Nifty constituent by weighting, has doubled its overseas borrowing through a term lo
The face value of trades of Separate Trading of Registered Interest and Principal Securities, or STRIPS, in the government bond market has risen to
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
