Economic Times
Bank deposit rates: Indian banks reported a brief surge in deposit growth over credit offtake as of mid-July 2024. Despite this, banks are facing a gr
Bajaj Finance received a show cause notice from the Directorate General of Goods and Services Tax Intelligence for alleged GST evasion amounting to â‚
The NCLAT reserved its decision on SBI's plea for an interim distribution of Rs 275 crore from the escrow account of Baleshwar Kharagpur Expressway Lt
Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned banks about potential asset-liability mismatches if they rely too heavily on short-
Canara Bank has joined the governments, public and private sector units and celebrities in contributing for the resettlement of victims in Wayanad, an
On Thursday, the bankruptcy court ordered Hinduja Group's IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore into an escrow account for
RBI Governor Shaktikanta Das praised NPCI's decision to temporarily block C-Edge Technologies from the retail payments system to prevent systemic impa
The Reserve Bank of India governor Shaktikanta Das urged caution in issuing personal loans for consumption, highlighting heightened risks in the unsec
The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) proposed several measures to speed up clearance of cheques to a few hours, said go
RBI Governor Shaktikanta Das cautioned that rising retail investments in alternative routes like mutual funds could lead to structural liquidity issue
Goods and services tax authorities have sent notices demanding unpaid GST from more than 20 insurance companies, including HDFC Ergo and Star Health.
The Reserve Bank of India may revise its monetary stance due to increased banking system liquidity, which reached ₹2.86 lakh crore as of August 5. T
Kotak Mahindra Prime aimed to grow its ₹30,000-crore book by targeting SUV and used car sectors. The finance arm anticipated that festive season dis
Cholamandalam MS General Insurance projected its motor insurance portfolio to reach 62-63% by the financial year's end. The company reported a 14.3% g
Microfinance institutions with portfolios under Rs 500 crore sought relaxed credit rating rules from banks to secure loans for growth. They claimed th
DBS Group's CEO Piyush Gupta will step down in March 2025 after leading the bank since 2009. His successor, Tan Su Shan, has extensive experience in c
Financial Services Secretary Vivek Joshi urged greater cooperation between fintech firms and banks to create scalable, compliant solutions. Addressing
Mizuho has withdrawn from the bid for a significant stake in Yes Bank, leaving Sumitomo Mitsui Banking Corporation and Emirates NBD as the main conten
State-run banks will embark on a government-approved reform agenda for fiscal 2025 focusing on data-driven human resource strategies, including manpow
Union Minister Shivraj Singh Chouhan declared that insurance companies face a 12% penalty for delayed PMFBY claim payments, deposited directly into fa
