IndusInd Bank plans to sell bad loans worth Rs 1,500 crore to ARCs The sale of stressed assets – the biggest for the bank in the current financial year – will help the… December 26, 2024 21:56 IST
NBFCs maintain double-digit credit growth in FY24: RBI report NBFCs also secured funds from foreign sources, mainly through external commercial borrowings (ECBs) and issuance of debentures. December 26, 2024 20:11 IST
‘Recoveries likely to exceed annual target of Rs 5,000 crore’ Interview of Prashant Kumar, MD & CEO, Yes Bank. Updated: December 26, 2024 10:58 IST
A year where audit integrity took centre stage In November, NFRA finalised and recommended 40 SAs, including the SA 600 and SA 299, to the ministry of corporate… December 26, 2024 03:00 IST
UPI AutoPay yet to gain user acceptance Around 44% of respondents thought NPCI should be putting out more newspaper advertisements, creating more awareness, and explaining the feature… December 26, 2024 02:45 IST
Dezerv targets risk management in 2025 Since then the company has raised another two rounds of funding, bringing the total funding raised to $60 million, and… December 26, 2024 01:30 IST
Did Axis Bank officials siphon off Rs 6.5 crore from Australia-based OCI’s account? Bank denies claims Upadhyay said that several bank officials were involved in the misuse of his account. Updated: December 26, 2024 08:49 IST
Consumer benefits of implementing market caps in the UPI ecosystem Here is how market caps in UPI aim to boost competition and protect consumers in India’s growing fintech ecosystem. December 25, 2024 15:47 IST
ESIC, American Express, RBL Bank, and City Union Bank among the most trending banking topics on Google in December In December 2024, key banking news in India included ESIC’s wage ceiling changes, American Express’s sustainability push, and RBL Bank’s… December 25, 2024 12:20 IST
NFRA slaps Rs 2-crore fine on Deloitte Haskins for Zee audit As for the ZEEL’s auditors, the NFRA has imposed Rs 10 lakh penalty and five years of debarment for AB… December 25, 2024 02:30 IST
Deposit mobilisation, rate cut key challenges: Indian Bank MD To expand reach and customer base, the bank has been collaborating with companies to provide loans under various government schemes. December 25, 2024 02:10 IST
‘Crop, motor, health and commercial to equally contribute to portfolio by FY26’ Sharad Mathur, managing director and CEO, Universal Sompo General Insurance. December 25, 2024 01:30 IST
NBFCs and MSME Lending in India: A Key Partnership for Economic Growth “NBFCs play a crucial role in supporting India’s MSMEs by addressing financing challenges and helping them drive economic and social… December 24, 2024 14:53 IST
Sobering up after a hyped festive season: Credit card spending posts 16.1% MoM drop in Nov on high base Credit card spending posted a drop of around 16.1 per cent on month-on-month basis to approximately Rs 1.7 trillion in… December 24, 2024 12:46 IST
NFRA’s move on “SQM” norms needless: ICAI On the issue of Byju’s,Agarwal said that the matter has been referred by the the disciplinary directorate to the disciplinary… December 24, 2024 04:00 IST
Aditya Birla Capital becomes first BFSI firm to offer full suite of financial services on ONDC platform Through the ONDC network, various live Buyer Apps will now be able to offer Aditya Birla Capital’s personal loans, health… December 23, 2024 21:25 IST
Banks urge RBI to extend deadline for overlapping lending rules The banking sector regulator issued a draft circular on ‘forms of business and prudential regulations for investments’ in October, stating… December 23, 2024 03:15 IST
PNB officers federation alleges discrimination over perquisite tax on lease According to the federation, PNB has decided not to deduct the perquisite tax on house leases for a section of… Updated: December 21, 2024 13:34 IST
