Economic Times
Muthoot Microfin is in advanced talks with European investors to secure $50 million in external commercial borrowing, aiming to lower costs and pass o
The Kerala Bank, a consolidation of district cooperative banks, announced loan waivers for those affected by the Wayanad landslides, including decease
Anil Ahuja, founder of IPE Plus Fund, is facing scrutiny due to connections with the Adani Group and historical financial decisions. Ahuja previously
Private sector bank chiefs saw modest salary hikes in FY24, reflecting the RBI's strict oversight on CEO pay. HDFC Bank’s Sashidhar Jagdishan topped
BoB and Canara Bank have increased their lending rates by 5 basis points on six-month and one-year tenures with effect from August 12. UCO Bank, too,
CVC Capital Partners has become the highest bidder to acquire Aavas Financiers, beating EQT. Current promoters Kedaara Capital and Partners Group plan
According to a study by Policybazaar, nearly one-third of health insurance claims were due to seasonal diseases such as dengue, malaria, and gastroent
Motor insurance's contribution to non-life industry premiums dropped below 30% amid sluggish car sales, while health insurance premiums surged. The no
Earlier on August 1, creditors to Anil Ambani-promoted Reliance Capital, led by bond holders trustee Vistra ITCL (India) in a letter to Mauritius-base
Finance Minister Nirmala Sitharaman urged banks to prioritize 'core banking' in a meeting with RBI's Central Board of Directors. The session reviewed
Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defend
Banking Laws Amendment Bill: Finance Minister Nirmala Sitharaman introduced new Bills in the Lok Sabha on Friday, including the Banking Laws (Amendmen
Bank deposit rates: Indian banks reported a brief surge in deposit growth over credit offtake as of mid-July 2024. Despite this, banks are facing a gr
Bajaj Finance received a show cause notice from the Directorate General of Goods and Services Tax Intelligence for alleged GST evasion amounting to â‚
The NCLAT reserved its decision on SBI's plea for an interim distribution of Rs 275 crore from the escrow account of Baleshwar Kharagpur Expressway Lt
Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned banks about potential asset-liability mismatches if they rely too heavily on short-
Canara Bank has joined the governments, public and private sector units and celebrities in contributing for the resettlement of victims in Wayanad, an
On Thursday, the bankruptcy court ordered Hinduja Group's IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore into an escrow account for
RBI Governor Shaktikanta Das praised NPCI's decision to temporarily block C-Edge Technologies from the retail payments system to prevent systemic impa
The Reserve Bank of India governor Shaktikanta Das urged caution in issuing personal loans for consumption, highlighting heightened risks in the unsec
