Economic Times
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
Vivriti Capital Limited has raised $25 million from the Asian Development Bank to support its green finance initiatives, focusing on renewable energy
A deputy governor of India's central bank has advised small finance banks to stay alert for potential risks that could impact their long-term stabilit
Income tax raids on a direct selling agent for loans in Hyderabad have uncovered suspected kickbacks to bank and company executives. The agent, earnin
The demand for personal and vehicle loans in India has increased by 12% over the past four months, driven by the festive season. The BFSI sector is pr
Axis Bank has extended a Rs 1 billion loan guarantee to Muthoot Capital, in partnership with GuarantCo, to promote electric vehicle adoption in rural
The Burman family, major shareholders of Religare Enterprises, has requested the removal of Rashmi Saluja from Care Health Insurance's board. They cit
Indian banks anticipate a high single-digit growth in festive period credit card spending due to subdued consumer demand. Last year, credit card spend
Bank of America has placed two bankers in India on administrative leave amid an internal investigation following a whistleblower complaint. The compla
India's top YouTubers are increasingly considering cyber insurance to protect their digital assets amid a rise in cyberattacks. The recent hacking of
Many Asian countries, including India, are moving away from older payment methods like ACH in favor of real-time systems such as UPI. JP Morgan Chase
