Economic Times
India's life insurance sector saw significant growth in October 2024, with new business premiums surging by 13.16% year-on-year. This impressive perfo
National Stock Exchange (NSE) Chief Business Officer, Sriram Krishnan, downplayed concerns regarding recent foreign portfolio investor (FPI) selling i
Indian lenders are bracing for a surge in microfinance loan defaults after the central bank tightened lending rules. The Reserve Bank of India's move
The Reserve Bank of India's recent regulatory changes, including increased risk weights on bank lending to non-bank financial companies (NBFCs), have
S&P Global predicts that Indian banks will face pressure on net interest margins, potentially dropping by 20 basis points to 3% over the next few year
The Indian government is planning to reduce the turnover limit for companies to join the TReDS platform. This move will make it mandatory for more bus
Northern Arc secures USD 65 million for its first climate fund. The fund receives support from DFC and OeEB. It will provide debt financing to compani
The Insurance Regulatory and Development Authority of India (Irdai) has proposed changes to its regulatory sandbox, aiming to shift from a rule-based
Muthoot Microfin is lowering its lending rates for the third time this year, benefiting borrowers with a quarter-percentage point reduction. This move
Visa appointed Rishi Chhabra as Country Manager for India. Chhabra, with over 20 years of experience in financial services and payments, will lead Vis
Indian banks are shutting down more ATMs despite record-high cash circulation. This trend is attributed to the rise of digital transactions and UPI p
IL&FS Group, grappling with debt, has successfully repaid Rs 38,082 crore to its creditors by September 30, 2024. The resolution process, involving a
Deutsche Bank has injected an extra Rs 5,113 crore into its India operations, marking the largest capital allocation in recent years. The funds will b
TPG, a private equity firm, is creating a $2-3 billion green financing platform in India to support the country's transition to cleaner energy sources
IL&FS's infrastructure investment trust (InvIT) is gearing up to file an updated draft with Sebi, aiming to shift certain assets to the InvIT framewor
The CBI has alleged that Yes Bank co-founder Rana Kapoor sanctioned loans worth ₹4,733 crore to DHFL in exchange for ₹600 crore in kickbacks. Thes
At a review meeting on Tuesday, financial services secretary M Nagaraju exhorted PSBs to continue to strengthen their financial and operational framew
Slice and North East Small Finance Bank (NESFB) have officially merged, creating a technology-driven banking institution in India. The merger, effect
The finance ministry has urged public sector banks to prioritize cybersecurity and align their digital frameworks with industry best practices. This c
IDFC First Bank launched a new service for tracking money sent abroad. The service is available on the bank's mobile app and internet banking platform
