Economic Times
TPG, a private equity firm, is creating a $2-3 billion green financing platform in India to support the country's transition to cleaner energy sources
IL&FS's infrastructure investment trust (InvIT) is gearing up to file an updated draft with Sebi, aiming to shift certain assets to the InvIT framewor
The CBI has alleged that Yes Bank co-founder Rana Kapoor sanctioned loans worth ₹4,733 crore to DHFL in exchange for ₹600 crore in kickbacks. Thes
At a review meeting on Tuesday, financial services secretary M Nagaraju exhorted PSBs to continue to strengthen their financial and operational framew
Slice and North East Small Finance Bank (NESFB) have officially merged, creating a technology-driven banking institution in India. The merger, effect
The finance ministry has urged public sector banks to prioritize cybersecurity and align their digital frameworks with industry best practices. This c
IDFC First Bank launched a new service for tracking money sent abroad. The service is available on the bank's mobile app and internet banking platform
In September, Indian banks saw a year-on-year loan growth of 14.4%, down from 15.3% in the same month last year, excluding HDFC Bank's merger impact.
Banks in India have built high liquidity coverage ratio buffers anticipating stricter RBI norms. Most banks exceed the 100% LCR requirement, with priv
Aditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges in the sec
Bank of Baroda (BoB), Punjab National Bank (PNB), Union Bank of India, Central Bank of India, ICICI Bank and Axis Bank have either committed or are in
The NCLAT is examining the issue of whether a stay on insolvency admission orders impacts the moratorium on payment of dues, following an appeal by Ax
The Enforcement Directorate returned assets worth over Rs 185 crore to SBI-led banks defrauded by Surya Pharmaceutical Ltd. using fabricated documents
IndusInd Bank announces a strategic alliance with Trustmore to offer digital escrow services across India. IndusInd Bank aims to empower customers wit
Stressed assets undergoing liquidation under insolvency laws will now be listed and auctioned on the eBKray platform, run by PSB Alliance. This move,
Axis Bank says artificial intelligence will alter work processes but won't result in overall job cuts. The bank is increasing its digital staff and fo
State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The ban
Indian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microfinance sect
The Reserve Bank of India has permitted Navi Finserv to resume disbursing scheduled home loans sanctioned prior to October 20. This decision comes as
FSIB has recommended Ashok Chandra, currently Executive Director of Canara Bank, for the role of MD & CEO of Punjab National Bank, succeeding Atul Kum
