Economic Times
AU Small Finance Bank merged with Fincare Small Finance Bank, gaining access to South India. The consolidation strengthens the customer base and enhan
Heavy rainfall and storms in Assam lead to four deaths and affect 45 villages. Union Home Minister Amit Shah assures assistance after reviewing the si
Lenders seek RBI guidance on protecting officers' identities identifying defaulters. Recent court order mandates disclosing committee members. Indian
HDFC Bank will divest from HDFC Education and Development Services Private Ltd using Swiss challenge method. An interested party's bid serves as ancho
The bank has increased the mark-up by 10 bps from the existing level of 2.75 per cent to 2.85 per cent, and with the present repo rate of 6.5 per cent
NARCL completed transactions of ₹24,000 crore in bank debt during FY24. It transferred road assets, including Metenere and Simplex Infrastructures.
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in curre
Blackstone Inc. plans to increase its Indian private equity assets by an additional $25 billion over the next five years, citing India's growing appea
The loan is raised for three years and three months tenure and benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin
Noida-based Sindhuja Microcredit has secured $14.5 million from GAWA Capital and Oikocredit to expand operations by 50% in FY25 and enter new markets.
Kotak Mahindra Bank announced the acquisition of NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata operates across 10 states through 549 branches,
Bombay High Court's ruling alters banks' handling of wilful default cases. Evidence provision mandated, transparency increased. Concerns raised over b
Foreign Direct Investment (FDI) in India's information and broadcasting sector, including print media, decreased by 78% to ₹332 crore in Q3 of FY24,
Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade
DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided uncon
Enforcement Directorate attached Rs 124 crore assets in money laundering probe on Religare Finvest Limited, including properties in Gurugram and Delhi
The Reserve Bank of India (RBI) has levied penalties on several cooperative banks for various non-compliance issues. Nashik-based Janalaxmi Cooperativ
CBI is reportedly insisting on what could be a retrospective application of last year’s SC ruling that a borrower must be given a hearing before the
"We are launching multiple products in respect of assets and we want the branches to build the assets. All these products will be used for acquiring t
The regulator has also allowed the sale of Index Linked Insurance Products tied to publicly available indexes. Initially proposed higher surrender val
