Economic Times
The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing special exemptio
The Reserve Bank of India has imposed penalties on BNP Paribas and three other financial entities for non-compliance with regulatory norms. BNP Pariba
Mahindra & Mahindra Financial Services plans to expand its mortgage loan business, offering housing finance, top-up loans, and home improvement loans.
The NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed payments an
Reserve Bank of India Governor Shaktikanta Das, speaking at the Bretton Woods Committee’s Future of Finance Forum in Singapore, expressed concerns a
In March 2020, a State Bank of India-led consortium bailed out Yes Bank by infusing Rs 10,000 crore-a move primarily aimed at protecting depositors. S
State Bank of India has sanctioned a project loan of Rs 10,050 crore for Damodar Valley Corporation's 1,600 MW Ultra Super Critical Thermal Power Proj
Federal Bank's leadership plans to sustain its deposit mobilisation and credit expansion by offering tailored solutions to different customer segments
RBI Deputy Governor M Rajeshwar Rao urged NaBFID to create a self-sustainable business model without relying on government support. He emphasized the
The general insurance industry experienced a modest 4.5% growth in August 2024, hindered by slower vehicle sales and no motor third party tariff hike.
The government has designated the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution under the Comp
The government's decision to provide health coverage to all persons aged 70 and above under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will
Efforts to finalize a stake purchase in Yes Bank are at risk due to bidders' insistence on acquiring a 51% ownership, according to sources. The Reserv
The head of the General Insurance Council has proposed expanding health insurance by mandating employer-provided coverage, using CSR funds for premium
The National Bank for Financing Infrastructure and Development (NaBFID) may offer partial credit enhancement and first loss default guarantees to infr
HDFC Bank, India's largest private sector lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell up to $1 billion in
Paytm's Vijay Shekar Sharma announced during the company's Annual General Meet that they will reapply for a payment aggregator license to RBI. The fin
The Reserve Bank of India plans to maintain a 5% run-off factor on digitally linked deposits, despite industry requests for a lower buffer. This move
LGT Wealth India has appointed Poonam Mirchandani as the managing director of its wealth planning & family solutions division, effective August 2024.
NaBFID is in talks with the RBI to reduce capital requirements for financial institutions offering credit enhancement. This move aims to make the prod
