Economic Times
The Union Finance Ministry reports a significant surge in digital payments, reaching Rs 1,669 lakh crore in the first five months of FY 2024-25. The v
Customer data from India's largest health insurer, Star Health, has been leaked and is accessible via Telegram chatbots. The data includes sensitive i
Banks have raised concerns to the finance ministry about the Reserve Bank of India's proposed changes to the liquidity coverage ratio (LCR). They argu
The banking system in India saw a sharp decline in surplus liquidity due to quarterly advance tax payments and upcoming GST payments. This has led to
PTCs are issued across three tranches- with series A1 having an issue size of Rs 3,500 crore and maturing in 24 months, series A2 of Rs 1,800 crore an
The Competition Commission of India has approved Naspers Ventures' acquisition of a minority stake in Vastu Housing Finance Corporation Ltd. Naspers V
Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks' 13.5% growth, according to RBI data. Major NBFCs like Baja
The Reserve Bank of India's Governor has sparked debate by questioning whether deposits or advances come first in banking. The discussion centers on t
State Bank of India chairman CS Setty emphasised the importance of consistent performance for stakeholders, with technology driving growth. Despite fl
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
