Economic Times
Japan’s MUFG has re-entered the race to acquire a majority stake in Yes Bank after its proposal to invest in HDB Financial was rejected. MUFG has su
Banks in India are employing doorstep agents to capture photos and videos of mortgaged assets for auctions on eBKray, a platform that lists and manage
Indian mortgage lenders anticipate that new guidelines for the affordable home subsidy plan under the Pradhan Mantri Awas Yojana (PMAY) will plug fund
Small finance banks and microfinance lenders are setting a cap of four live loans per borrower. This is a precautionary step to avoid defaults due to
The weighted average lending rate (WALR) of private banks saw a decline of 15 basis points in August after the average rates had seen a rise of 18 bas
The unsecured business loan market is facing stress in asset quality with rising delinquencies, higher credit costs, and increased write-offs due to c
By the end of September, the gap between credit and deposit growth in India's banking system has narrowed to 162 basis points from 220 basis points. T
Google collaborates with Muthoot Finance to offer gold-backed loans via GPay and plans to roll out its AI assistant, Gemini Live, in Hindi and eight o
Bank of Baroda announces plans to sell its Oman operations to Bank Dhofar as part of its strategy to streamline foreign operations. This move follows
ICICI Bank has partnered with MakeMyTrip to launch a premium co-branded credit card aimed at travel enthusiasts, offering rewards like myCash, complim
Banks are boosting credit assessment processes, utilizing social media analytics to evaluate Jan Dhan account holders for consumption loans. With an e
The DGGI has issued over 300 show-cause notices to company officials for wrongfully availing input tax credit. Penalties up to 100% have been imposed.
Lenders in India are seeing negative impacts from extreme weather conditions, such as heatwaves, floods, and expected harsh winters, on their loan por
Gold loans dominate NBFC loan sanctions in Q1, increasing by 26% year-on-year to Rs 79,218 crore, while personal loans fell by 4% due to RBI's higher
Non-banking financial companies (NBFCs) are looking to fund their growth using methods beyond traditional bank loans. Crisil Ratings highlights that N
Chandra Shekhar Ghosh is now the chairman and full-time executive director of Bandhan Financial Services. The decision was approved by shareholders in
SBI plans to open 600 branches this financial year, targeting emerging areas and large residential townships. The bank aims to improve customer reach
Gross non-performing assets (GNPAs) for banks are forecasted to drop to a decade-low of 2.5% in FY25, says Crisil. Concerns remain over increasing str
India's Unified Payments Interface (UPI) recorded over Rs 20.64 lakh crore in payments in September, marking its fifth consecutive month above this th
Board of Care Health Insurance decided to retain Rashmi Saluja as chairperson, despite the Burman family's demand for her removal. The Burmans, major
