Economic Times
Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.
Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, V
The National Highways Authority of India (NHAI) is considering extending the deadline for the 'One Vehicle, One FASTag' initiative compliance to March
NPCI International Payments Limited (NIPL), a subsidiary of NPCI, and Eurobank, a Greek bank, signed an MoU to enhance cross-border payments using the
In November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points. As a result, bank borrowing has turned more expensiv
The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. D
The commercial credit portfolio of Indian micro, small, and medium enterprises grew 11% YoY in Jul-Sep due to accelerating economic activity. The cred
The lending landscape in India is undergoing a change with the spread of digitisation and the advent of fintechs. In the past, banks were hobbled by t
Khara told ET that India’s focus on building manufacturing muscle would further strengthen the growth capex trend and, in turn, banks that are expec
The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank
Nagaland government launched a fully-funded universal life insurance scheme to mitigate financial hardship caused by untimely demise. The scheme ensur
Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank ac
IndusInd International Holdings had submitted its plan in June 2023 in the second round of bidding for the debt-laden company that was originally prom
The move will help reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authority (RRA 2.0
A Gurgaon woman accuses an ICICI Bank manager, reported by BBC, of embezzling Rs 16 crore from her life savings. The manager created fake accounts, fo
Mizuho Financial Group Inc. showcased its business ties in India at Mumbai’s St Regis hotel. Mizuho announced its largest-ever acquisition in India.
Among the proposals currently being discussed was the establishment of a single 'settlement bank' in GIFT City, with which other entities would have d
More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking
Before IDBI Bank, other banks like Indian Overseas Bank (IOB) and RBL Bank have sold their MSME loans in the last quarter. IDBI's offer has received i
Indian banks are facing a hidden threat in their unsecured credit portfolios, with banks like IndusInd Bank, Bandhan Bank, and Yes Bank showing signs
