Economic Times
The DGGI has issued over 300 show-cause notices to company officials for wrongfully availing input tax credit. Penalties up to 100% have been imposed.
Lenders in India are seeing negative impacts from extreme weather conditions, such as heatwaves, floods, and expected harsh winters, on their loan por
Gold loans dominate NBFC loan sanctions in Q1, increasing by 26% year-on-year to Rs 79,218 crore, while personal loans fell by 4% due to RBI's higher
Non-banking financial companies (NBFCs) are looking to fund their growth using methods beyond traditional bank loans. Crisil Ratings highlights that N
Chandra Shekhar Ghosh is now the chairman and full-time executive director of Bandhan Financial Services. The decision was approved by shareholders in
SBI plans to open 600 branches this financial year, targeting emerging areas and large residential townships. The bank aims to improve customer reach
Gross non-performing assets (GNPAs) for banks are forecasted to drop to a decade-low of 2.5% in FY25, says Crisil. Concerns remain over increasing str
India's Unified Payments Interface (UPI) recorded over Rs 20.64 lakh crore in payments in September, marking its fifth consecutive month above this th
Board of Care Health Insurance decided to retain Rashmi Saluja as chairperson, despite the Burman family's demand for her removal. The Burmans, major
Union Finance Minister Nirmala Sitharaman reviewed the performance of 7 Regional Rural Banks in the North East. She urged them to boost credit disburs
Kotak Mahindra Bank, led by CEO Ashok Vaswani, aims to become the third-largest private lender in India by 2030. The bank is open to acquisitions and
The RBI warns of supervisory action if banks do not rectify irregularities in gold loan practices within three months. The gold loan sector has seen r
Kotak Mahindra Bank is heavily investing in technology to meet RBI expectations and enhance competitiveness. CEO Ashok Vaswani aims for the bank to be
Policyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-participating
The Reserve Bank of India has voiced concerns about small finance banks' over-reliance on high-cost term deposits and potential defaults due to inadeq
Deposit growth is currently outpacing credit expansion. Although a policy rate cut is expected in the second half of the fiscal year, bank deposit rat
Despite an incomplete transmission of the 220 basis points hike in the benchmark repo rate, the Reserve Bank of India data for August shows mixed tren
65% of self-employed women in Indian metros have not taken business loans, with 39% relying on personal savings. A DBS Bank India and CRISIL report hi
Insurance premiums may rise or agent commissions might be reduced due to new IRDAI guidelines for revised surrender values aimed at providing better r
The Reserve Bank of India has flagged concerns regarding gold loans issued through fintech partnerships and business correspondents. Key issues includ
