Economic Times
Goods and services tax authorities have sent notices demanding unpaid GST from more than 20 insurance companies, including HDFC Ergo and Star Health.
The Reserve Bank of India may revise its monetary stance due to increased banking system liquidity, which reached ₹2.86 lakh crore as of August 5. T
Kotak Mahindra Prime aimed to grow its ₹30,000-crore book by targeting SUV and used car sectors. The finance arm anticipated that festive season dis
Cholamandalam MS General Insurance projected its motor insurance portfolio to reach 62-63% by the financial year's end. The company reported a 14.3% g
Microfinance institutions with portfolios under Rs 500 crore sought relaxed credit rating rules from banks to secure loans for growth. They claimed th
DBS Group's CEO Piyush Gupta will step down in March 2025 after leading the bank since 2009. His successor, Tan Su Shan, has extensive experience in c
Financial Services Secretary Vivek Joshi urged greater cooperation between fintech firms and banks to create scalable, compliant solutions. Addressing
Mizuho has withdrawn from the bid for a significant stake in Yes Bank, leaving Sumitomo Mitsui Banking Corporation and Emirates NBD as the main conten
State-run banks will embark on a government-approved reform agenda for fiscal 2025 focusing on data-driven human resource strategies, including manpow
Union Minister Shivraj Singh Chouhan declared that insurance companies face a 12% penalty for delayed PMFBY claim payments, deposited directly into fa
The Mumbai bench of NCLT was expected to consider an application from Reliance Capital's Administrator, urging IIHL to implement a resolution plan by
Credit card transactions through UPI have hit Rs. 10,000 crore, with Rs. 100-200 crore spent via credit lines, according to NPCI. ICICI Bank leads in
Over the last five financial years, banks have written off loans totaling ₹9.90 lakh crore, according to a report from the Minister of State for Fin
ICICI Bank is promoting a strong compliance culture to balance risk and rewards, according to CEO Sandeep Bakhshi's annual address to shareholders. Th
Union Bank of India paid the highest compensation of Rs 74.96 crore followed by Bank of India at Rs 20.38 crore and Indian Bank at Rs 16.16 crore duri
DBS Bank India introduced ‘DBS Golden Circle’, a priority banking initiative for senior citizens, providing attractive interest rates on savings a
Shapoorji Pallonji group will offer six times the loan value as security to Power Finance Corporation, leveraging real estate assets and Tata Sons sha
State Bank of India, the largest lender in the country, made a renewed push into wealth management. By deploying 2,000 executives as relationship mana
In its Annual Report 2023-24, the Aayog said corporate bond markets are an efficient cost minimization process for long-term funding and contribute si
The Reserve Bank of India expressed worries about credit risk models' reliability, urging lenders to establish board-approved risk management policies
