Economic Times
Kotak Mahindra Bank plans to open 175-200 new branches in FY 2024-25, following a ban by the RBI on acquiring new digital customers due to IT deficien
The Finance Industry Development Council (FIDC) has urged for a dedicated refinance window through Small Industries Development Bank of India (Sidbi)
India's banking regulator cautioned lenders against pursuing 'mindless' business growth to avoid exposing the financial system to risks. RBI Governor
The Reserve Bank cancelled The City Co-operative Bank's licence in Maharashtra for insufficient capital and earning prospects. The bank will be wound
Banks have alerted the government and the banking regulator Reserve Bank of India about shortages in automated teller machines (ATMs). They have also
DICGC takes about a month or more to reimburse deposits when a bank collapses, while the International Association of Deposit Insurers (IADI) is movin
The central bank came out with a circular in December 2023, requiring mainstream banks and NBFCs to divest their investments in AIFs that have funded
The board of Power Finance Corporation (PFC), a state-owned entity, has approved a loan of Rs 15,000 crore to companies within the Shapoorji Pallonji
The digital lending sector, represented by FACE, saw a significant increase in disbursements and loan numbers in FY23-24, with member entities disburs
Piramal Capital & Housing Finance announced that it has exceeded Rs 50,000 crore in retail assets under management. The company has set a target to do
FMO is the Dutch entrepreneurial development bank, with a mission to empower entrepreneurs to build a better world. As a leading impact investor, FMO
These banks including the banking sector leaders such as HDFC Bank and ICICI Bank account for a majority share in service sector credit at 51% in FY24
The board at its meeting held on Tuesday approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years
In FY24, asset reconstruction companies saw a shift towards prioritising loan restructuring over asset sales, focusing on value maximisation and reviv
The study evaluates efficiency by examining how effectively banks utilise their resources to produce output at an optimal scale.
India's non-banking financial sector grew by 10% as per an SBI report, while the global sector saw a 3% decline. NBFI entities focus on lending and fi
Life Insurance Corporation (LIC) has clarified that there is currently no formal proposal for it to enter the health insurance space. This clarificati
Credit Saison India, under the leadership of Presha Paragash, is leveraging India's unique data infrastructure to expand its loan offerings. With a fo
Insurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insurers are exp
The National Company Law Tribunal (NCLT) will hear a plea from Hinduja Group firm IIHL on June 20 for an extension of the deadline to complete Relianc
