Economic Times
Fintech companies in India are poised for significant growth in 2024, leveraging customer-centric strategies and embracing diversity in their operatio
Deputy Governor Swaminathan J of the Reserve Bank emphasized the imperative to bolster governance and technological infrastructure in urban cooperativ
On Tuesday, the Competition Commission of India (CCI) approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four e
Hyderabad-based Fintech NBFC, Vivifi India Finance, has successfully secured $75 million in a Series B funding round, combining debt and equity. The c
No Cost EMI, also known as zero cost EMI or interest-free EMI, is a financing option where the cost of a product can be converted into Equated Monthly
Nisus Finance, a real estate credit fund, has infused Rs 60 crore into High Cliff, a late-stage residential development located in Bellandur, Bengalur
However, citing the rising global headwinds and also the higher base coupled with the challenges in deposit mobilisation, the agency said it expects t
Mangaluru-based Karnataka Bank recorded a net profit of Rs 1,032.04 crore for the nine months of the financial year ending December 2023, a 25% YoY gr
The move comes after Bharti Group in October 2023 announced plans to buy out its joint venture partner AXA Group's 49% stake in the life insurance bus
Atul Mehra, the joint managing director at JM Financial Services, has resigned from his position after a 33-year tenure. He is set to join Axis Capita
Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Tra
At Axis Capital, Mehra will be responsible for overseeing equity capital markets, business operations, mergers and acquisitions, securities markets, r
While talks with ICICI Bank, HDFC Bank, and Axis Bank are ongoing, the finalisation is pending. Among NBFCs, Tata Capital and Aditya Birla Finance are
The government-backed bad loan aggregator, National Asset Reconstruction Co (NARCL), has made a ₹270 crore offer for Pink City Expressway Private Li
IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposit
IDBI Bank has reported a 57% increase in net profit to Rs 1,458 crore for the third quarter, with net interest income rising 17% to Rs 3,435 crore. Th
Kotak Mahindra Bank reported 8% YoY growth in net profit to Rs 3,005 crore for Q3 2023, due to provisioning towards alternative investment funds and l
Can Fin Homes, a mortgage lender promoted by Canara Bank, reported a 32% increase in net profit to Rs 200 crore for the quarter ending December 2023.
Policy researchers suggest using debt-to-income (DTI) limits and loan-to-value (LTV) ratios as effective macroprudential tools for retail loans. A stu
PhonePe has contributed to over 65% growth in two-wheeler digital insurance in India. It has facilitated over 75 million vehicle insurance quotes and
