Economic Times
Banks have requested the RBI to increase the deposit insurance cover for senior citizens and reduce the premium for insuring other retail deposits. Th
Wealthy Indians are uncertain about investments abroad after a directive from the International Financial Services Centres Authority. It restricts fix
Indian Overseas Bank has inaugurated 15 Retail Loan Processing Centres, both physically and virtually, across various cities including Chennai and Ben
SBI plans to increase the threshold of the instant loan scheme for MSMEs from Rs 5 crore. SBI aims to simplify MSME credit by leveraging digital tools
Reliance's JioFinance App, launched on May 30, 2024, now offers diverse financial products including loans and digital savings accounts. Over six mill
Irdai is intensifying scrutiny of cybersecurity lapses in the insurance sector following a major data breach at Star Health Insurance. Over 31 million
Banks raise alarms over fraudulent entities impersonating them in text messages to dupe customers. They seek intervention from the finance ministry, T
Partha Pratim Sengupta will become the new managing director and CEO of Bandhan Bank. The Reserve Bank of India has approved his appointment for three
The Reserve Bank requires Asset Reconstruction Companies (ARCs) to join all credit information companies and submit relevant data in a standardized fo
The Reserve Bank of India has directed banks, NBFCs, and other entities to utilize all relevant information sources for risk assessments. This measure
India's UPI transaction volume surged 52% year-on-year to 78.97 billion in H1 2024, with the transaction value rising by 40%. PhonePe led as the top U
India's largest health insurer, Star Health, investigates a claim suggesting its CISO, Amarjeet Khanuja, may have facilitated a customer data leak inv
Manoj Kumar Dubey has been appointed as CEO, Chairman, and Managing Director of Indian Railways Financial Corporation for five years. A distinguished
As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exuberant lending
The National Company Law Tribunal in Ahmedabad approved ICICI Bank’s plan to delist ICICI Securities Ltd. Two objections to the delisting were dismi
Zarin Daruwala, CEO of Standard Chartered India & South Asia, will retire in March after over eight years in the role. Turning 60 in February, she has
During the recent Monetary Policy Committee meeting, RBI Governor Shaktikanta Das expressed concerns about some Non-Banking Financial Companies (NBFCs
State Bank of India has extended its Amrit Kalash and Amrit Vrishti fixed deposit schemes until March 31, 2025. Amrit Kalash offers 7.10 percent inter
Housing finance companies propose revamping the Credit Risk Guarantee Fund Trust for Low Income Housing. They suggest increasing the guarantee cover f
The Reserve Bank of India has rejected Religare Enterprises' attempt to appoint Rakesh Asthana to its board. This followed a complaint from the Burman
