Economic Times
The Reserve Bank of India has flagged concerns regarding gold loans issued through fintech partnerships and business correspondents. Key issues includ
Vivriti Capital Limited has raised $25 million from the Asian Development Bank to support its green finance initiatives, focusing on renewable energy
A deputy governor of India's central bank has advised small finance banks to stay alert for potential risks that could impact their long-term stabilit
Income tax raids on a direct selling agent for loans in Hyderabad have uncovered suspected kickbacks to bank and company executives. The agent, earnin
The demand for personal and vehicle loans in India has increased by 12% over the past four months, driven by the festive season. The BFSI sector is pr
Axis Bank has extended a Rs 1 billion loan guarantee to Muthoot Capital, in partnership with GuarantCo, to promote electric vehicle adoption in rural
The Burman family, major shareholders of Religare Enterprises, has requested the removal of Rashmi Saluja from Care Health Insurance's board. They cit
Indian banks anticipate a high single-digit growth in festive period credit card spending due to subdued consumer demand. Last year, credit card spend
Bank of America has placed two bankers in India on administrative leave amid an internal investigation following a whistleblower complaint. The compla
India's top YouTubers are increasingly considering cyber insurance to protect their digital assets amid a rise in cyberattacks. The recent hacking of
Many Asian countries, including India, are moving away from older payment methods like ACH in favor of real-time systems such as UPI. JP Morgan Chase
Northeastern Development Finance Corporation Limited (NEDFi) reported a 14.19% increase in gross profit to Rs 132.37 crore for FY 2023-24. Net profit
IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will dissolve IDFC
HDFC Life Insurance plans to raise Rs 1,500 crore through non-convertible debentures after board approval. The NCDs will carry an 8.05% coupon rate an
The Reserve Bank of India has urged directors of small finance banks to address emerging operational risks, particularly in cybersecurity. At a meetin
Post nod from NCLAT, the bank board has greenlighted the amalgamation of IDFC FHCL with IDFC Limited with effect from September 30 and approved amalga
Banks in India faced challenges in mobilizing large deposits to meet rising credit demand over the past two financial years. Credit growth outpaced de
ICICI Bank has announced special offers for customers purchasing Apple products, including up to Rs 5,000 cashback on iPhone 16 purchases using credit
UBS is negotiating a joint venture with Mumbai-based 360 One WAM to expand its wealth management services in India. The partnership aims to target hig
NPCI International Payments Limited has partnered with Trinidad and Tobago's Ministry of Digital Transformation to develop a real-time payments platfo
