Economic Times
The Pillar Two model rules under Global Anti-Base Erosion Regulation have been crafted to ensure that large multinationals pay a minimum level of tax.
Banks' bad loans have fallen to record lows as recoveries rise and many missed payments are regularized. Lenders anticipate stress and are building bu
Led by Diwakar Gupta, NARCL has emerged as the most active player in the bad loan market, acquiring over ₹30,000 crore of stressed loans in four mon
Banks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes updating exist
The Reserve Bank of India has approved the merger between Fincare Small Finance Bank and AU Small Finance Bank. The merger will give AU a foothold in
The Reserve Bank of India has approved NPCI Bharat BillPay Ltd to implement an interoperable payment system for internet banking transactions. The new
Gold loans constitute 32% or Rs 20,733 crore of IIFL Finance's total assets under management as of March 31, 2023, according to the finance company's
Svatantra Microfin, led by Ananya Birla, raised Rs 1,930 crore from Advent International and Multiples Private Equity. It has a business serving over
Advent International and Multiples to invest INR 1,930 Crores or $230M in Ananya Birla’s Svatantra Microfin, marking the largest private equity inve
AU Small Finance Bank plans to raise stake in the farm sector by lending to FPOs. It aims to work with corporates like Adani Group, ITC, and Reliance.
The Reserve Bank of India (RBI) directed IIFL Finance to halt sanctioning and disbursing gold loans immediately due to material supervisory concerns i
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Monday that the central bank plans to introduce interoperability for internet bankin
Avenue Capital-backed Asset Reconstruction Company (India) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) from Sara
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resourc
According to a survey by LocalCircles, a majority of people will stop using UPI if a transaction fee is imposed. The survey also found that 1 in 2 UPI
Cooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) to upgrade urban cooperative banks
Singhi has worked across functions such as business operations, underwriting, claims, sales, marketing, and distribution. Having started his journey w
Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.
Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, V
