Page 17 of Banking, Financial Services and Insurance (BFSI)

Big auditors now move away from non-audit work

The law requires NFRA to supervise and regulate listed companies and other PIEs whereas the ICAI will have supervision over…

October 3, 2024 03:00 IST

gold load, gold loan sbi, rbi, reserve bank of india gold loans

RBI flags irregularities in gold loan practices

The gold loan portfolio should be closely monitored, especially in the light of significant growth in the portfolio in certain…

October 1, 2024 07:26 IST

online payment, Credit card payment, charge card payment, consumer spending, government initiatives, debit cards, credit card, e-commerce, QR code, POS terminals

Instamojo eyes return to profitability, considers reapplying for PA licence

Globally, Shopify in Canada has successfully executed a similar pivot, but its transition was fueled by substantial funding and strategic…

October 1, 2024 02:00 IST

IL&FS appoints Nand Kishore as chairman

After IL&FS defaulted on its loans in 2018, the government and the National Company Law Tribunal had appointed a public…

September 30, 2024 22:55 IST

RBI points out irregularities in gold loans, directs lenders to review policies

According to a statement released by the RBI on Monday, the central bank has stressed the need to take immediate…

Updated: October 1, 2024 01:47 IST

IDFC, Bank, Banking, IDFC First Bank, ICICI Bank

Fortune favors the bold: Vaidyanathan transforms IDFC First Bank

Despite the pandemic having disrupted business for a couple of years, the operations of IDFC First Bank are now on…

Updated: October 28, 2024 11:44 IST

NBFC, NBFC loan, RBI, credit expansion, Indian economy, retail sector, Shaktikanta Das, regulatory measures, microfinance loans, compliance

NBFCs tap alternative funding sources as loans from banks slow, says CRISIL

Diversification is also crucial to optimise borrowing cost, given bank funding has become dearer by 20-50 bps over the past…

September 30, 2024 13:35 IST

Banks witness surge in gold loans amid soaring prices

Bankers say higher prices encourage people to opt for gold loans as the loan amount gets bigger.

September 30, 2024 00:30 IST

NPCI to develop UPI-like platform in Trinidad and Tobago

The UPI has emerged as a transformative force in India’s financial landscape, registering nearly 15 billion transactions in August with…

September 28, 2024 05:00 IST

IDFC FIRST Bank, IDFC, IDFC merger, IDFC FIRST Bank news, banking, banking news

IDFC FIRST Bank announces completion of IDFC Ltd merger

The merger is effective from October 1, 2024, it added.

September 27, 2024 23:42 IST

Banking, Banks, BFSI, IndusInd Bank, NRI

IndusInd Bank aims to triple wealth management AuM in three years

Last month, IndusInd Bank launched ‘Pioneer Private Program’, which is an exclusive program of bespoke financial solutions, tailored to the…

September 27, 2024 18:44 IST

Public Sector Banks lead the race in infrastructure bond issuances

According to the report, in comparison to private banks, government banks have more stable deposits and larger room to fund…

Updated: September 27, 2024 14:41 IST

UPI, digital payment, NPCI, transactions, dispute resolution, Digital Economy, cash dependency, financial inclusion, Global Ties, Economic Growth

India’s UPI expands digital payment reach to the Caribbean: Trinidad & Tobago leads the charge

This historic deal marks the culmination of over a year of joint efforts between India and Trinidad & Tobago. The…

Updated: September 27, 2024 12:49 IST

Creditors to have interim aide during insolvency talks

The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency Resolution Process for Corporate Persons Regulations, 2016 (CIRP…

September 27, 2024 01:00 IST

gold loans, banks, NBFCs, banking sector, agriculture loans, gold prices, credit risk, credit cost

Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans

The organised gold loans expanded at a compound annual growth rate (CAGR) of 25 per cent over the period FY2020-FY2024…

September 25, 2024 11:15 IST

Banking, BFSI, Finance, MISS, Agri-credit

Finance ministry sets Rs 27.5 lakh crore target for agriculture credit in FY25

To address regional disparities in the flow of priority sector credit at the district level, RBI has taken the initiative…

September 25, 2024 03:00 IST

RBI’s proposed LCR norms will curtail banks’ lending to NBFCs further

Under the new LCR norms, banks will be required to assign an additional 5% run-off factor for retail deposits enabled…

September 24, 2024 05:30 IST

Infra bond demand surges as default rates plummet

Default rates in investment grade securities are below 0.5% that tells that if resources are raised for infra and deployed…

September 24, 2024 03:00 IST

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‘Pak should remember one route to Karachi passes through Sir Creek’: Rajnath Singh

India News20 min ago

Defence Minister Rajnath Singh attended a multi-agency capability exercise and performed the Shastra Poojan ceremony in Kutch. He warned Pakistan against any misadventure in the Sir Creek area and expressed concerns over their recent military build-up. Singh emphasized India’s efforts for peaceful resolution but stated that any aggression would be met with a decisive response.

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