Economic Times
Evolving from Mesopotamian credit practices to modern fintech, invoice financing aids businesses by selling unpaid invoices. Italian bankers and altGr
Bengaluru-based hospital chain Narayana Hrudayalaya (NHL) has introduced the Aditi insurance scheme, offering a Rs 1 crore cover for surgeries and Rs
Yes Bank clarified that it has not received any in-principle approval from the Reserve Bank of India for a stake sale, countering a speculative media
RBI met CFOs and auditors to enforce zero tolerance for compliance lapses. Deputy governors stressed accurate balance sheets, aggressive lending risks
Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited). Polyte
EXIM Bank of India signed a $2.5 million credit line with Guyana for a solar plant at Cheddi Jagan International Airport, effective June 24, 2024. 75%
Budget 2024: The State Bank of India (SBI) has suggested that the government should proceed with disinvestment of public sector banks (PSBs) as they a
The RBI has cancelled the licence of Shimsha Sahakara Bank in Karnataka due to financial troubles. Depositors can claim up to Rs 5 lakh from DICGC. Th
Union Bank of India received bids from asset reconstruction companies (ARCs) for five of its 25 non-performing asset (NPA) accounts, including Jaypee
Shapoorji Pallonji Group aims to raise Rs 3,000 crore via Deutsche Bank and DAM Capital to refinance debt from Ares SSG Capital and Farallon, reducing
RBI Governor Das emphasized the importance of managing third-party risks, enhancing compliance culture, and strengthening resilience in banks during a
National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited have signed an agreement to promote financial inclusion thro
Indiabulls Housing Finance has rebranded itself as Sammaan Capital after receiving the necessary approvals from regulatory authorities. This includes
Star Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years.
Mitsubishi UFJ Financial Group Inc. (MUFG) is facing hurdles in its negotiations to acquire a minority stake in HDFC Bank Ltd.'s consumer lending unit
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8
Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highes
Public sector banks in India are navigating the credit card market, facing challenges with high NPAs. The focus on tier-II and tier-III cities is driv
The All India Regional Rural Bank Employees Association strongly opposes the merger proposal, citing concerns about the treatment of RRB employees and
ESAF Small Finance Bank has absorbed 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO) as part of a strategic busi
