Economic Times
Credit card dues have increased the fastest among bank loans, reaching nearly Rs 2.8 lakh crore by July's end, seeing a 22% year-on-year growth. Perso
At ET World Leaders Forum, Kelly Mahon Tullier, Visa’s Vice Chair and Chief People Officer, talked about Visa's role in accelerating digital payment
Google Pay's VP, Ambarish Kenghe, does not see any challenges with a potential cap on UPI market share due to the large number of players in the segme
Marc-Andre Blanchard, EVP and global head of sustainability at CDPQ, emphasized the importance of sustainability in driving profits and building busin
Acko, supported by major private equity firms, plans to invest ₹1,000 crore in its life insurance sector over the next five years. Founder Varun Dua
PNB Housing Finance, backed by Carlyle, aims to grow its affordable loan book to ₹15,000 crore by FY27. Currently, the affordable housing sector con
Lenders to debt-laden Reliance Capital have accused Hinduja Group's IIHL of delaying the resolution plan approved by NCLT for Rs 9,861 crore. IIHL awa
The Indian Banks' Association is asking the Reserve Bank of India to reduce the proposed additional 5% 'runoff' requirement on retail deposits and to
In an update from the Reserve Bank of India, both deposit and lending rates for commercial banks saw a sequential rise in July 2024. The weighted aver
Jio Financial Limited is set to launch home loan products after debuting their secured lending and digital banking solutions. The company, a Reliance
State Bank of India (SBI) Chairman CS Setty stated that the bank will not engage in a rate war on deposits, relying instead on their strong deposit ba
The Reserve Bank's regulatory measures are influencing commercial banks' lending patterns. Loans to industry and agriculture have grown significantly
The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on current accounts, interest on deposits,
The pure-play microfinance lenders categorized as NBFC-MFIs saw nearly 12% less debt funding in the first quarter, according to MFIN data. Lower disbu
LIC also paid an interim dividend of Rs 2,441.45 crore on March 1, 2024, thus totaling Rs 6,103.62 crore dividend paid to the Centre for the year 2023
Banks' liquidity coverage ratio (LCR) is set to decrease due to a rise in wholesale deposits and a decline in retail deposits, necessitating investmen
LIC has received a GST notice amounting to Rs 294 crore and a penalty of Rs 29.4 crore from the Deputy Commissioner of State Tax in Mumbai for incorre
The final guidelines for project loans are expected to be announced in the next two to three months, according to a senior RBI official. The official
Borrowers in non-metro regions, including rural, semi-urban, and urban areas, are becoming more credit-conscious than their metro counterparts. Credit
India's largest lender, SBI, hopes a stock market correction will drive depositors back to banks. As retail investors seek higher returns in equities,
