Economic Times
The weighted average lending rate (WALR) on fresh rupee loans of the commercial banks stood at 9.37 per cent in March 2024 (9.36 per cent in February
Uco Bank plans a Rs 1000 crore investment in digitalization and IT upgrades, a 43% increase from last year. Managing Director Ashwani Kumar aims to le
ICICI Prudential Life Insurance has been ordered to pay a GST and penalty of Rs 835 crore from Maharashtra's State Tax department for FY2019. The orde
The Indian financial system, recovering from a history of bad loans, faces new challenges as banks grapple with technology pitfalls. Kotak Mahindra Ba
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the cent
The International Finance Corporation (IFC) plans to increase its investment in India to over $4 billion this financial year, with a focus on climate
IDBI Bank has raised governance concerns over the exclusion of nominee directors from board meetings of New Tirupur Area Development Corporation Ltd (
Satin CreditCare Network's net profit rose 33% to Rs 125 crore in March quarter, driven by robust growth. Assets under management increased by 34% in
The Finance Ministry is reviewing the Bombay High Court order banning public sector banks from seeking look-out circulars (LOCs) against wilful defaul
As more and more people in India take to paying digitally, banks are having to pick up a larger tab on account of rising costs of maintaining a compet
NPST excelled in FY 2024 with a 216% surge in annual revenue and a 310% net profit increase. The company secured orders for innovative solutions and p
RBL Bank reported a 30% year-on-year growth to Rs 353 crore in the March 24 quarter, with the full-year net profit reaching Rs 1168 crore. The bank's
Madras High Court has directed RBI to reevaluate DBS Bank India and LVB pre-amalgamation, influencing share value/write-off decisions within four mont
This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, or ask, t
CP issuances are still not as high as 2018 levels when they touched ₹3.1 lakh crore in July-September, as NBFCs look for other funding avenues like
The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require le
LSP is an agent of a regulated entity (RE) who carries out one or more of lender's functions or part thereof in customer acquisition, underwriting sup
HSBC Credit Card range caters to luxury and cashback preferences. The Premier Metal Card offers airmiles redemption and dining perks, while the Cashba
S&P Global Ratings warned that RBI's recent regulatory action on Kotak Mahindra Bank could limit the bank's credit growth and profitability. The RBI p
The Bombay High Court declared that issuance of Look Out Circulars (LOC) by public sector banks against default borrowers without a specific law viola
