Economic Times
Asset Under Management nearly tripled to Rs 60.04 lakh crore as compared to Rs 21.07 lakh crore in 2013-14, while the total insurance premium more tha
The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financia
Financial Services Secretary Vivek Joshi emphasized the need for public sector banks to prevent mis-selling of insurance products and safeguard the in
Financial sector regulators in India are increasingly coming together to address wrongdoings and practices by market participants. This change is attr
The Reserve Bank of India (RBI) has been increasingly imposing penalties on banks and non-banking finance companies for violating its rules. The move
Consequent upon the resignation of Mahendra Chhajed from the Committee for personal reasons with effect from March 4, 2024, RBI said it has been decid
India's banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to benefit fr
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed an application filed by the administrator of Reliance Capital and di
In a significant development in the ongoing probe into the Mahadev app-linked money laundering case, ED froze a few days ago shares worth Rs 1,100 cro
The Reserve Bank of India (RBI) has imposed penalties on Bank of India and Bandhan Bank for non-compliance with regulatory norms. Bank of India was pe
Federal Bank has three co-branded credit cards with partnerships with OneCard Scapia Technology Pvt. Ltd and FI Brand Pvt Ltd, targeting mostly the ne
On the partnership with Royal Sundaram General Insurance Co Ltd, Dvara KGFS MD and CEO LVLN Murty said, "The partnership with Royal Sundaram enhances
Axis Bank has opposed a public interest litigation (PIL) filed by BJP leader Subramanian Swamy seeking a probe into an alleged fraud involving the ban
The Indian finance ministry has directed state-owned banks to conduct a comprehensive review of their gold loan portfolios, citing instances of non-co
JPMorgan Chase & Co.’s India head of equity capital markets, Abhinav Bharti, is leaving after 13 years. Arvind Vashistha will replace him. India is
The market share of RuPay cards is expected to improve soon as banks implement the recent Reserve Bank of India (RBI) directive, offering customers th
CCI has cleared the merger of fintech firm Slice with North-East Small Finance Bank and approved the acquisition of stake and majority shareholding in
Utkasrh had been claiming taxation under the concessional tax rate regime since assessment year 2020-21 and it had been granted the said benefit in ac
The Delhi High Court has sought responses from the RBI and SEBI regarding unethical lending practices by Paisalo Digital. Mukesh Arya's plea alleges v
L&T Finance Holdings Ltd has signed pact with JICA and Asia Development Bank for $125 million to fund marginal farmers, women entrepreneurs, women bor
