Economic Times
Medi Assist TPA signed an agreement to acquire Paramount TPA for Rs 311.8 crore. Funded by internal accruals and short-term debt, the acquisition aims
Yes Bank has named Sumit Bali as the Country Head for Retail Assets and Debt Management. Bali brings over 30 years of experience and will focus on enh
Small finance banks' growth was expected to decelerate to 26% this fiscal year from 28% previously, as they explored alternative funding avenues, Cris
The Insurance Regulatory and Development Authority of India (Irdai) encouraged companies to devise affordable insurance products to achieve the "insur
The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) a
RBI Governor Shaktikanta Das announced that the Reserve Bank of India is piloting the Unified Lending Interface (ULI) to enable frictionless credit. T
Facing deposit mobilization challenges, Indian banks turned to certificates of deposit (CDs) for funding needs, with a 38% increase in issuances in Ju
It is truly remarkable to see the rapid pace of change over the past decade making India the world’s fifth largest economy. India’s concerted push
While the annuity market in India is still in its early stages, insurers believe it holds long-term growth potential. With rising life expectancy and
A report by Jefferies suggests that the health insurance sector in India may face challenges due to rising claims and increased competition, particula
Anil Ambani faced a five-year ban from SEBI and a Rs 25 crore fine over fund diversion at Reliance Home Finance. Once flourishing in 2007, his venture
Research showed that while just 15% of insolvency cases have claims over Rs 1,000 crore, they make up 90% of recoverable value. Specialized tribunals
Bandhan Bank introduces 'avni', a savings product aimed at affluent women to boost its CASA deposits. The product requires a minimum quarterly balance
The credit line on UPI could exceed $1 trillion in transaction value by 2030, according to Zeta. Key drivers include rising credit demand, a shift tow
The investment was made through its consolidated subsidiary MUFG Bank and brings the total investment by MUFG in DMI Finance to Rs 4712 crores (approx
This newly raised capital is to fund category expansion, product development through R&D and innovation, diversification of offerings, enhancing marke
Tata Capital Ltd has applied to the Competition Commission of India for approval to merge with Tata Motors Finance Ltd. The merger, approved by both c
For the June 2024 quarter margins for most non-bank lenders remained under pressure due to increased borrowings and lower fee income. NBFCs saw a mixe
In its efforts to enhance the credit to deposit mix, the Reserve Bank of India sparked intense competition among banks for deposits. HDFC Bank excelle
India's major banks experienced a slowdown in dividend growth after a surge in the previous fiscal year due to rising deposit costs and intensified co
