Economic Times
Aditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges in the sec
Bank of Baroda (BoB), Punjab National Bank (PNB), Union Bank of India, Central Bank of India, ICICI Bank and Axis Bank have either committed or are in
The NCLAT is examining the issue of whether a stay on insolvency admission orders impacts the moratorium on payment of dues, following an appeal by Ax
The Enforcement Directorate returned assets worth over Rs 185 crore to SBI-led banks defrauded by Surya Pharmaceutical Ltd. using fabricated documents
IndusInd Bank announces a strategic alliance with Trustmore to offer digital escrow services across India. IndusInd Bank aims to empower customers wit
Stressed assets undergoing liquidation under insolvency laws will now be listed and auctioned on the eBKray platform, run by PSB Alliance. This move,
Axis Bank says artificial intelligence will alter work processes but won't result in overall job cuts. The bank is increasing its digital staff and fo
State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The ban
Indian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microfinance sect
The Reserve Bank of India has permitted Navi Finserv to resume disbursing scheduled home loans sanctioned prior to October 20. This decision comes as
FSIB has recommended Ashok Chandra, currently Executive Director of Canara Bank, for the role of MD & CEO of Punjab National Bank, succeeding Atul Kum
Mahindra Finance plans to launch a co-branded credit card with RBL Bank after receiving approval from the RBI. This new offering aims to cater to cust
A digital credit line offers flexible and convenient borrowing options by allowing users to access funds as needed within a pre-approved limit. Intere
State Bank of India (SBI) was named the Best Bank in India for 2024 by Global Finance Magazine at its 31st Annual Best Bank Awards in Washington. SBI
Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the se
IDFC First Bank's profit dropped 73% year-on-year to ₹201 crore in September 2024 due to a significant increase in provisions for its microfinance b
Icra predicts a slowdown in credit growth for banks and NBFCs due to regulatory measures and tighter funding conditions. Bank credit growth is set to
The Reserve Bank of India revoked UAE Exchange Centre LLC's Certificate of Authorisation for non-compliance with regulatory norms, preventing it from
Rising delinquencies in India's microfinance sector will increase credit costs above 5% this fiscal, impacting profitability, S&P analysts say. Regula
Partha Pratim Sengupta has been appointed as the Managing Director and Chief Executive Officer of Bandhan Bank, effective November 1, 2024, for a thre
