Economic Times
Icra downgraded the banking sector outlook from 'positive' to 'stable' due to expected credit growth and profitability moderation in FY25. Gross NPAs
DBS Bank's IFSC banking unit in Gujarat International Finance Tec-City (GIFT City) said in a statement that it led the syndicated loan. The funds will
The working group said in its recommendations that a five-day work week will align with practices adopted in international financial centres and offsh
Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woma
In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop
Personal loans occupy a third of the overall AUM at present, and the growth in these loans is likely to be impacted because of the RBI's measures adop
Crisil predicts a slowdown in NBFCs' co-lending portfolios in FY'25, especially in unsecured lending, due to revised risk weights. While overall co-le
REC sanctioned record Rs 3.59 lakh crore loans in 2023-24, focusing on renewable energy. Its loan book reached Rs 5.09 lakh crore by March 31, 2024, w
It said Chithra H, the current CFO and Senior General Manager, will transition to the role of Chief Compliance Officer (CCO) as per regulatory d
IRDAI raises concerns over IndusInd International Holdings' (IIHL) resolution plan for Reliance Capital, citing deviations from insurance regulations.
Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank since 2015, will retire on July 9, 2024, after three consecutive terms. The bank's loans have reache
IndusInd Bank's advances grew by 18% to Rs 3,42,857 crore with a 14% increase in deposits. Meanwhile, Suryoday Small Finance Bank reported a 41% rise
The National Company Law Appellate Tribunal (NCLAT) has directed the National Highways Authority of India (NHAI) not to terminate the concession agree
Ramit Goyal named FGII's chief distribution officer from April 1, succeeding Raghavendra Rao. With 25 years of sales experience, Goyal excels in chang
HDFC Bank witnessed robust deposit growth of 7.5% in Q4 FY24, amounting to Rs 1.6 lakh crore. However, the share of low-cost deposits decreased to 38%
In FY24, Mumbai's securitisation volume growth slowed to 4% at Rs 1.88 lakh crore due to the HDFC twins merger. Icra predicts FY25 volume to exceed Rs
The bank's gross advances stood at Rs 73999 crore at the end of March. The bank also said that it has achieved the highest ever monthly disbursement i
Federal Bank, a private sector bank, reported a 20% year-on-year growth in gross advances, reaching Rs 2.13 lakh crore by March 31, 2024, compared to
Fund plans to annually deploy at least $2 billion for next 5 years. But Gray feels taking companies private in India is a big challenge, as is dispute
Canara Bank introduces Canara Heal loan for hospital expenses, Canara Angel savings account, and various other products like Canara ReadyCash. It also
