Economic Times
Default rates in credit cards and unsecured loans are rising, with losses in credit cards nearing 6%. Young millennials are reportedly defaulting with
Aditya Birla Group's renewable energy arm, Aditya Birla Renewables Limited, has raised Rs 2500 crore through non-convertible debentures. The funds wil
India's retail credit growth slowed in June 2024, driven by a significant drop in home loan originations. The TransUnion CIBIL report shows a decline
Spandana Sphoorty Financial has sold stressed loans worth Rs 304.41 crore to an asset reconstruction firm for Rs 16.74 crore. The sale, approved by th
In an interview with ET, Jamie Dimon, CEO of JPMorgan, emphasized that geopolitics will shape the global economy more than finance. He highlighted the
Data from TransUnion CIBIL indicates an improvement in credit culture, with the share of prime-rated borrowers rising to 55% by June 2024. However, re
REC Ltd has successfully raised $500 million through a five-year bond, priced at 4.78%, attracting global investors. This could pave the way for more
The share of prime-rated individual borrowers in India has increased, indicating an improvement in credit culture, according to TransUnion CIBIL. Howe
Proxy advisory firm InGovern has expressed concern over Religare Enterprises' postponement of its 40th annual general meeting without a valid reason.
The Finance Ministry has urged banks to implement effective monitoring and oversight mechanisms for managing pending cases in Debt Recovery Tribunals
The Union Finance Ministry reports a significant surge in digital payments, reaching Rs 1,669 lakh crore in the first five months of FY 2024-25. The v
Customer data from India's largest health insurer, Star Health, has been leaked and is accessible via Telegram chatbots. The data includes sensitive i
Banks have raised concerns to the finance ministry about the Reserve Bank of India's proposed changes to the liquidity coverage ratio (LCR). They argu
The banking system in India saw a sharp decline in surplus liquidity due to quarterly advance tax payments and upcoming GST payments. This has led to
PTCs are issued across three tranches- with series A1 having an issue size of Rs 3,500 crore and maturing in 24 months, series A2 of Rs 1,800 crore an
The Competition Commission of India has approved Naspers Ventures' acquisition of a minority stake in Vastu Housing Finance Corporation Ltd. Naspers V
Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks' 13.5% growth, according to RBI data. Major NBFCs like Baja
The Reserve Bank of India's Governor has sparked debate by questioning whether deposits or advances come first in banking. The discussion centers on t
State Bank of India chairman CS Setty emphasised the importance of consistent performance for stakeholders, with technology driving growth. Despite fl
The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing special exemptio
