Economic Times
A new bill, expected to be introduced in Parliament's winter session, seeks to amend bank nomination laws, allowing up to four nominees for fixed depo
The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, current Executive Director of Punjab National Bank, as the next Managin
Private banks are pushing for a reduction in Mudra loan targets, citing concerns about potential stress on MSME loans. While government data shows low
Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers
The Employees' Provident Fund Organisation (EPFO) is poised to relax regulations, enabling more private banks to collect provident funds. This initiat
The Indian insurtech sector has raised over USD 2.5 billion and is expected to attract more investment due to significant growth opportunities, accord
Yes Bank has partnered with Vegapay to launch a new platform called 'Credit Line on UPI'. This platform will allow YES Bank to offer customised credit
In a circular on September 30, the regulator pointed out irregularities in granting loans against gold ornaments and jewellery. This was after the cen
SBI Chairman C.S. Setty highlighted that India's improving investment climate and digitalization are shifting people towards diverse investment option
The Reserve Bank of India extended its control over Abhyudaya Cooperative Bank for another year, maintaining Satya Prakash Pathak as administrator. T
Ujjivan Small Finance Bank is taking steps to improve its financial health by selling off Rs 270 crore in bad loans, primarily from its microfinance p
Finance Minister Nirmala Sitharaman addressed concerns about high bank interest rates, calling for more affordable options to support business expansi
Bajaj Finance has announced a 21% increase in its Fixed Deposit book, reaching Rs 66,131 crore by September 30, 2024. The company's customer base has
RBI Governor Shaktikanta Das urged bank boards to proactively manage risks by monitoring portfolios, identifying over-concentration, and addressing po
The Reserve Bank of India Governor cautioned banks about misselling practices. He stressed the importance of ethical conduct for the banking sector's
Finance Minister Nirmala Sitharaman, speaking at SBI's Mumbai main branch centenary, announced the bank will open 500 new branches in FY 2025. Sithara
Fusion Finance, a microfinance company, is facing financial difficulties. The company reported a significant loss for the recent quarter. Deloitte, th
100% FDI in Insurance: The Indian government is poised to permit 100% foreign direct investment in the insurance sector, aiming to attract global play
Piramal Enterprises Ltd and Bain Capital Credit have relinquished their license for India Resurgence Asset Reconstruction Company to the Reserve Bank
Indian banks are intensifying their efforts to attract deposits from non-resident Indians (NRIs), particularly in Kerala, a hub for NRI remittances.
