Economic Times
The Reserve Bank of India (RBI) directed IIFL Finance to halt sanctioning and disbursing gold loans immediately due to material supervisory concerns i
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Monday that the central bank plans to introduce interoperability for internet bankin
Avenue Capital-backed Asset Reconstruction Company (India) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) from Sara
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resourc
According to a survey by LocalCircles, a majority of people will stop using UPI if a transaction fee is imposed. The survey also found that 1 in 2 UPI
Cooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) to upgrade urban cooperative banks
Singhi has worked across functions such as business operations, underwriting, claims, sales, marketing, and distribution. Having started his journey w
Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.
Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, V
The National Highways Authority of India (NHAI) is considering extending the deadline for the 'One Vehicle, One FASTag' initiative compliance to March
NPCI International Payments Limited (NIPL), a subsidiary of NPCI, and Eurobank, a Greek bank, signed an MoU to enhance cross-border payments using the
In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points. As a result, bank borrowing has turned more expensiv
The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. D
The commercial credit portfolio of Indian micro, small, and medium enterprises grew 11% YoY in Jul-Sep due to accelerating economic activity. The cred
The lending landscape in India is undergoing a change with the spread of digitisation and the advent of fintechs. In the past, banks were hobbled by t
Khara told ET that India’s focus on building manufacturing muscle would further strengthen the growth capex trend and, in turn, banks that are expec
The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank
Nagaland government launched a fully-funded universal life insurance scheme to mitigate financial hardship caused by untimely demise. The scheme ensur
Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank ac
