Customers can lodge complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks, Non-Banking Financial Companies (NBFCs).
Paytm Payments Bank, which turned profitable in the second year of its operation, plans to focus on corporate salary accounts and direct money transfers in the current financial year to augment transa
All the banks studied, based in 21 countries, started at roughly similar rates of return on equity in 2011, but by 2017 the banks that Accenture identified as “digital focused” had ROE that rose 0
To boost volumes for its payments business, India Post Payments Bank (IPPB) is demonstrating its last-mile reach through its massive network of access points so as to become the preferred banking part
Facing a record amount of debt that’s about to mature, non-bank financing companies (NBFCs) are finding their troubles worsening as a crisis of credibility starts to bite.
The Indian Banks’ Association (IBA) released a revised draft of the inter creditor agreement (ICA) on Tuesday, in compliance with the Reserve Bank of India’s revised circular on ‘prudential fram
Non-food credit growth in the banking system fell for the fifth straight fortnight to 12.26% year-on-year (y-o-y) — a 14-month low — for the period ended June 7, down from 12.63% in the previous f
"Examination in this regard revealed violation of RBI directions on 'Guarantees and Co-acceptances' and a notice was issued to the bank advising it to show cause as to why penalty should not be impose
German insurer Munich Health will pay Rs 294 crore to Apollo Hospitals Enterprise and Apollo Energy for terminating their joint venture, HDFC chairman Deepak Parekh said.
The bank’s Rs 1,928-crore exposure to the public-private partnership (PPP) is understood to have been classified as a non-performing asset (NPA) in 2018 and it is currently assessing a restructuring
Private sector lender Federal Bank Wednesday announced plans to raise up to Rs 500 crore by issuing Basel III-compliant bonds on private placement basis.
The shadow lenders, which have been under increased strain after the collapse of IL&FS Group last year, have a record 1.1 trillion rupees ($15.8 billion) of local-currency bonds due next quarter,
The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, it said.
In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.
In a master circular on July 1, 2015, the Reserve Bank of India (RBI) had said no additional facilities should be granted by any bank or financial institution to listed wilful defaulters.
With an aim to enhance security, the Reserve Bank of India (RBI) has asked banks to make sure that their Automated Teller Machines (ATM) are grouted to a wall pillar, or floor by the end of September
General Insurance: While there is unanimity on the benefits of consolidation of PSU insurance companies, experts are divided over the route to be adopted for this purpose.
