Leaders to discuss vision 2030, digital economy & more at FE Modern BFSI Summit Taking a step towards a sustainable future and initiating a leaders’ driven dialogue in the BFSI arena, FE.com, the Indian Express… Updated: June 17, 2022 09:19 IST
Banks, financial institutions should proactively undertake stress testing of loan books: RBI DG Rao Rao said Covid-19 saw the sector enjoying favourable momentum with an increase in liquidity, flow of credit and normal spending… June 16, 2022 15:39 IST
DHFL administrator R Subramaniakumar is RBL Bank chief The bank received the communication approving Subramaniakumar’s appointment from the RBI on Friday. June 12, 2022 05:30 IST
PNB to focus on retail, MSMEs to drive loan growth The bank is planning to strengthen the PNB ONE app by offering digital lending, marketplace features, lifestyle offerings and wealth… June 8, 2022 03:30 IST
HDFC Chairman Deepak Parekh urges shareholders to lend support for merger The merger will increase the lending capacity of the group and is also expected to lower costs. June 7, 2022 14:14 IST
Cash no longer the king: 65% transactions to be digital by 2026, says BCG-PhonePe report India’s digital payments market is at an “inflection point” and is expected to more than triple, the report said. June 2, 2022 15:17 IST
Bank credit to NBFCs rises 10 per cent to Rs 10.5 lakh cr in FY22: Report In absolute terms, according to an analysis by Care Ratings, bank credit to non-banking financial companies (NBFCs) expanded by Rs… June 2, 2022 12:55 IST
IDBI Bank calls AGM to seek nod for fund-raising In December 2020, IDBI Bank had raised Rs 1,435 crore via qualified institutional placement. Life Insurance Corporation, which holds a… May 27, 2022 00:30 IST
RBI surplus transfer lowest in a decade The Reserve Bank of India (RBI) on Friday decided to transfer its FY22 surplus of Rs 30,307 crore to the… May 21, 2022 05:15 IST
Punjab & Sind Bank’s net profit doubles to Rs 346 crore Punjab & Sind Bank doubled its net profit for the quarter ended March 31, 2022, to Rs 346 crore. The… May 20, 2022 05:00 IST
Embracing sustainable investing for good banking: ESG in BFSI The pandemic, poverty, unemployment, rapid mechanization, and climate change are demanding an inclusive mindset and gigantic efforts to come up… May 19, 2022 12:15 IST
Frauds in public sector banks dip 51% to Rs 40,295 crore; Cases not falling fast enough, says RBI The country’s largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases. May 15, 2022 15:26 IST
As RBI hikes interest rates by 40 bps, how expensive will EMIs be for borrowers? India Ratings explains India Ratings said for a 15-year loan, a 50 basis points rate hike will increase EMI burden by upto 2.5… May 9, 2022 15:27 IST
Credit growth tops Rs 10 lakh cr in FY22 driven by retail loans; inflation could play spoilsport: SBI Ecowrap In FY 2023, credit growth is expected to remain positive, however the current inflation trends could play a ‘spoilsport’ as… May 2, 2022 14:34 IST
Modi government’s BC Sakhi Yojana could boost women participation in labour force: SBI Research Currently, in public sector banks, merely 2 per cent of women are banking correspondents, while in the private sector only… April 26, 2022 14:58 IST
RBI’s new guidelines for credit, debit cards: NBFCs can now issue cards, and other key things to know RBI’s new card issuance guidelines, effective from July 1, 2022, will apply to all the banks excluding payment banks, state… April 22, 2022 16:43 IST
Loan assets securitised by NBFCs jump 43 pc to Rs 1.25 lakh crore last fiscal: Report The amount of loans securitised by NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies) in FY21 stood at Rs… April 18, 2022 17:31 IST
No immediate change to products, Citi tells customers 11 April 2022: The deal value of $1.6 billion (Rs 12,325 crore) is subject to renegotiation in such a scenario.… Updated: April 11, 2022 09:52 IST
Pakistani American woman sued for $1 million for allegedly faking ICE detention after cancelled India trip
Rs 49 Lakh Tickets Wasted: Family stopped from boarding Peru flight despite valid documents, now Dutch Airline faces FIR
Rs 40 lakh loan, 1,400+ rejections, and a 90 day visa deadline – How a Nashik boy saved his American dream
Meet Angad Daryani: An Indian-origin CEO and inventor who promises to change how humans breathe for the next century