Economic Times
The Finance Ministry is reviewing the Bombay High Court order banning public sector banks from seeking look-out circulars (LOCs) against wilful defaul
As more and more people in India take to paying digitally, banks are having to pick up a larger tab on account of rising costs of maintaining a compet
NPST excelled in FY 2024 with a 216% surge in annual revenue and a 310% net profit increase. The company secured orders for innovative solutions and p
RBL Bank reported a 30% year-on-year growth to Rs 353 crore in the March 24 quarter, with the full-year net profit reaching Rs 1168 crore. The bank's
Madras High Court has directed RBI to reevaluate DBS Bank India and LVB pre-amalgamation, influencing share value/write-off decisions within four mont
This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, or ask, t
CP issuances are still not as high as 2018 levels when they touched ₹3.1 lakh crore in July-September, as NBFCs look for other funding avenues like
The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require le
LSP is an agent of a regulated entity (RE) who carries out one or more of lender's functions or part thereof in customer acquisition, underwriting sup
HSBC Credit Card range caters to luxury and cashback preferences. The Premier Metal Card offers airmiles redemption and dining perks, while the Cashba
S&P Global Ratings warned that RBI's recent regulatory action on Kotak Mahindra Bank could limit the bank's credit growth and profitability. The RBI p
The Bombay High Court declared that issuance of Look Out Circulars (LOC) by public sector banks against default borrowers without a specific law viola
The Reserve Bank of India's increased scrutiny on Kotak Mahindra Bank has resulted in a temporary halt on acquiring new customers through online and m
India's central bank plans to amend guidelines allowing banks to temporarily freeze accounts suspected of cyber crimes, combating a surge in online fr
Axis Bank's board approved the re-appointment of Amitabh Chaudhry as MD & CEO for three more years, subject to RBI approval, effective January 2025. C
The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix
Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investmen
Kedaara Capital has closed its $1.73 billion fund, Kedaara IV, the largest fund raised by an India private equity fund in 12 years. The fund, which wi
Kotak Mahindra Bank is in the latest in the line of entities in financial services which has been pulled up for various lapses. Hints are that more co
Goldman Sachs has hired Sunil Khaitan and Kamna Sahni as head of financing and M&A respectively in India. Both have previously worked at Bank of Ameri
