Economic Times
Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolution delays
PSBs are projected to pay a dividend exceeding Rs 15,000 crore for FY24 due to increased profitability. The RBI is proposing new rules for dividend de
The Reserve Bank of India has initiated special audits for IIFL Finance Ltd and JM Financial Products Ltd to further investigate regulatory breaches.
IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish
These regulations focus on safeguarding policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace, foreign
Credit card transactions jumped 30% to ₹1.7 lakh crore in January, with ecommerce and bill payments driving the surge. The younger generation's onli
HDFC Bank, India's largest lender by market value and the biggest Nifty constituent by weighting, has doubled its overseas borrowing through a term lo
The face value of trades of Separate Trading of Registered Interest and Principal Securities, or STRIPS, in the government bond market has risen to â‚
Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In
The Reserve Bank of India announced special measures for the current financial year's closing, facilitating taxpayer convenience. RBI offices and desi
RBI deputy governor Swaminathan J discussed the rise of 'agile' fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for rob
HDFC Bank announced the completion of selling its stake in HDFC Credila, its education finance arm, for Rs 9,552.73 crore to private equity firms BPEA
The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC Ind
In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points, making bank borrowing more expensive for them. A bas
RBI penalized DCB Bank and Tamilnad Mercantile Bank for non-compliance with interest rate directives and CRILC reporting revisions. Penalties were due
41% of online banking users surveyed said that they have experienced interface interference where an interface they were engaging or transacting with
The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater
Bajaj Finance Fixed Deposits provide stability, good returns, and convenience with safety measures, competitive interest rates, and flexible tenure op
National Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt of Wind Worl
DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such
