Economic Times
The Reserve Bank of India has directed banks, NBFCs, and other entities to utilize all relevant information sources for risk assessments. This measure
India's UPI transaction volume surged 52% year-on-year to 78.97 billion in H1 2024, with the transaction value rising by 40%. PhonePe led as the top U
India's largest health insurer, Star Health, investigates a claim suggesting its CISO, Amarjeet Khanuja, may have facilitated a customer data leak inv
Manoj Kumar Dubey has been appointed as CEO, Chairman, and Managing Director of Indian Railways Financial Corporation for five years. A distinguished
As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exuberant lending
The National Company Law Tribunal in Ahmedabad approved ICICI Bank’s plan to delist ICICI Securities Ltd. Two objections to the delisting were dismi
Zarin Daruwala, CEO of Standard Chartered India & South Asia, will retire in March after over eight years in the role. Turning 60 in February, she has
During the recent Monetary Policy Committee meeting, RBI Governor Shaktikanta Das expressed concerns about some Non-Banking Financial Companies (NBFCs
State Bank of India has extended its Amrit Kalash and Amrit Vrishti fixed deposit schemes until March 31, 2025. Amrit Kalash offers 7.10 percent inter
Housing finance companies propose revamping the Credit Risk Guarantee Fund Trust for Low Income Housing. They suggest increasing the guarantee cover f
The Reserve Bank of India has rejected Religare Enterprises' attempt to appoint Rakesh Asthana to its board. This followed a complaint from the Burman
Zaggle Prepaid Ocean Services in Mumbai has appointed Virat Sunil Diwanji, the former Head of Consumer Banking at Kotak Mahindra Bank, as an Additiona
HDFC Bank, India's largest private sector lender, experienced an unscheduled downtime in its net-banking and mobile banking services, affecting NEFT a
Ravindra Kumar Kundu has started his five-year term as Managing Director of Cholamandalam Investment and Finance Company. Appointed in July, Kundu bri
The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers' carried interest as
Punjab CM Bhagwant Mann announced a new loan scheme from state cooperative banks for farmers to buy crop residue management machines. The scheme offer
State Bank of India plans to recruit up to 10,000 employees this financial year, focusing on technology roles like data scientists and network operato
Public sector banks are expected to see a slight quarterly dip in profits for Q2 FY25, with a 0.6% QoQ decline but a 17.2% YoY increase, according to
Bandhan Bank's total business grew by 24.6% in Q2 of the current financial year, reaching Rs 2,73,163 crore. Loans and advances stood at Rs 1,30,652 c
J&K Bank officers from the AIJKBOF staged a day-long hunger strike against the bank management's high-handed actions and anti-employee policies. They
