Economic Times
Credit card transactions through UPI have hit Rs. 10,000 crore, with Rs. 100-200 crore spent via credit lines, according to NPCI. ICICI Bank leads in
Over the last five financial years, banks have written off loans totaling ₹9.90 lakh crore, according to a report from the Minister of State for Fin
ICICI Bank is promoting a strong compliance culture to balance risk and rewards, according to CEO Sandeep Bakhshi's annual address to shareholders. Th
Union Bank of India paid the highest compensation of Rs 74.96 crore followed by Bank of India at Rs 20.38 crore and Indian Bank at Rs 16.16 crore duri
DBS Bank India introduced ‘DBS Golden Circle’, a priority banking initiative for senior citizens, providing attractive interest rates on savings a
Shapoorji Pallonji group will offer six times the loan value as security to Power Finance Corporation, leveraging real estate assets and Tata Sons sha
State Bank of India, the largest lender in the country, made a renewed push into wealth management. By deploying 2,000 executives as relationship mana
In its Annual Report 2023-24, the Aayog said corporate bond markets are an efficient cost minimization process for long-term funding and contribute si
The Reserve Bank of India expressed worries about credit risk models' reliability, urging lenders to establish board-approved risk management policies
ICICI Bank plans to focus on the self-employed, private banking, and family offices to boost deposits. They saw potential in increasing client wallet
The government accumulated Rs 8,263 crore in GST from health insurance premiums for the fiscal year 2023-24. There have been appeals to exempt or redu
LIC stated that its Bangladesh office will be shut from August 5 to August 7, 2024, owing to intense political unrest. Over 100 people have died in cl
UPI transactions surged by over 36% to Rs 60 lakh crore in the first quarter of the current fiscal year, as reported by Minister of State for Finance,
A customer need not bear any loss if the deficiency is on the part of the bank and in cases, where the fault lies neither with the bank nor with the c
Finance Minister Nirmala Sitharaman announced that public sector banks' non-performing assets (NPAs) for Mudra loans declined to 3.4% in 2023-24 from
Indian payment firms GooglePay, PhonePe, AmazonPay, and Indian fintech firm Cred are among five companies reportedly seeking to join the Reserve Bank
Irdai's guidelines, effective from April 2024, mandate that insurers cannot reject any claim based on the pre-existence of an ailment three years afte
The Delhi High Court appointed a special CBI Court to speed up the trial of India's largest bank fraud case involving Dewan Housing Finance Ltd (DHFL)
Banks experienced growing stress in unsecured retail, micro finance, and rural loans in the first quarter, influenced by heatwaves, election slowdowns
At inter-se bidding held on Saturday (August 3), Omkara ARC gave the highest offer of Rs 652 crore, outbidding government-promoted National Asset Reco
