Economic Times
RBI deputy governor Swaminathan J emphasized proactive risk mitigation strategies in the face of cyberattacks and emerging banking risks, addressing c
The National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed IndusInd International Holdings Ltd to i
Speaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to make them ea
Creditors' haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a decline in new
The Reserve Bank of India has approved Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank for three years. IDFC FIRST Bank repor
HDFC Bank secured a USD500 million loan from IFC to support underserved women borrowers by providing microloans through self-help and joint liability
Fusion MicroFinance is raising $25 million from the US International Development Finance Corporation (DFC) for growth capital, following a $20 million
An active player in the Indian financial services space, Mizuho has already infused about $500 million (₹4,100 crore) into its India bank branches.
The transactions will be facilitated by the UPI and LankaPay National Payment Network. Users can scan LankaQR code to make secure and quick payments w
The CBI has booked a PNB official for allegedly siphoning off Rs 4.98 crore from the account of a Bhopal-based infrastructure construction company in
LIC Housing Finance targets "lower double-digit" loan portfolio growth this fiscal, focusing on affordable housing, says MD Tribhuwan Adhikari. March
Bank Loans: The Reserve Bank of India has issued a caution to non-bank finance companies, advising them against becoming overly reliant on algorithm-b
Axis Bank has introduced the ‘ARISE ComeAsYouAre’ talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for
Former DHFL director Dheeraj Wadhawan was arrested by the CBI in connection with a Rs 34,000-crore bank fraud case. He was charge-sheeted in 2022, pro
Aurm partners with Tata AIG to provide innovative insurance coverage for valuables. Suraj HS, co-founder, emphasizes the collaboration as a milestone
Google has unveiled Google Wallet in India, a standalone app designed for Android devices, offering users a convenient platform to store and access di
Fitch Ratings warns of potential challenges to Indian banks' consumer loan quality due to rapid growth and "untested risks." Concerns include lower tr
LIC's April premium collection of Rs 12,384 crore, highest since 2014, marked 113.14% growth from the previous year. Success attributed to marketing s
Without naming Go First, its Chief Executive and Managing Director Debadatta Chand said the bank recognised an aviation account with a Rs 1,700-crore
In the fiscal year 2023-24, 42 general insurance companies collectively earned a premium income of Rs 2,89,738 crore, marking a 13% increase from the
