Economic Times
Aditya Birla Capital Ltd (ABCL), a non-banking finance company of the $65 billion cement to fashion group, plans to double its customer base in three
Nabard clarified that it doesn't provide loans directly to individual farmers but supports financial institutions and cooperatives in rural developmen
Speaking about the catchment which can be tapped into, Birla said the wider group has a 2.5 lakh strong small business ecosystem and currently serv
The move is expected to unlock funds for lending purposes and ease the pressure on banks that have been relying on costly deposits to disburse loans,
Fairfax's Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa's subsidiary provides secured, rated bonds at 9.5% c
Kotak Mahindra Bank customers on Monday reported difficulties accessing services due to problems with the system at the private sector lender. The len
The banking regulator has directed regulated entities (RE) to issue KFS to retail borrowers and small businessmen, effective October 1, 2024. KFS is a
The average ticket size per deposit rose 39% to Rs 4.6 lakh in FY24 as against Rs 3.3 lakh five years ago.
Jio Financial Services and BlackRock signed an agreement to form a 50:50 joint venture for the purpose of undertaking wealth business including incorp
To counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merchant onboar
Bank of Tokyo-Mitsubishi UFJ (MUFG) is set to buy a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-1
The rise of standalone health insurance companies' growth can be credited to larger policy sizes, as they introduce high-value policies worth crores.
Edelweiss Alternatives has completed a Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), a joint venture owned by L&T a
IL&FS plans to sell 26% stake in NTBCL, DND flyover operator, for debt reduction. Public shareholders involved. NTBCL faces financial crunch, demands
The Financial Services Institutions Bureau (FSIB) has recommended Manoj Mittal as the Chairman and Managing Director of Small Industries Development B
HDFC Bank's Kavaratti Island branch leads in Lakshadweep's financial development with digital solutions, QR transactions, and a vast distribution netw
The proposal for local banks to carry out third-party clearing for the European banks comes on the back of a decision by the European Securities and M
Under the Liberalised Remittance Scheme (LRS), resident individuals are permitted to transfer up to $250,000 a year abroad to invest in properties and
Icra revised banking sector outlook to stable, expecting moderated credit growth. Net interest margins to compress due to rising deposit cost, potenti
The bank seeks to serve customers wherever they are and looks forward to serving the financial needs of individuals, families, and businesses in Laksh
