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7 mins read
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
2 mins read
India fully committed to increasing cooperation under BRICS, says PM Modi at Leaders' Summit
Lauding the role of BRICS, PM further highlighted that the grouping after the inclusion of five new…
ANI
4 mins read
Best credit cards for online shopping this festive season
The festive season is here and with it, you are likely to make several purchases from e-commerce pl…
3 mins read
Canara Bank Q4 profit rises 18% to ₹3,757 crore
During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…
PTI
2 mins read
WPP's former dealmaker is joining investment bank Canaccord Genuity — a sign advertising M&A could heat up
Lance Maerov oversaw WPP's investment and acquisition strategy for over 20 years. This year, he bra…
Lara O'Reilly
2 mins read
Household consumption to surge in Q2 as inflation eases, rural demand revives
Rural areas are witnessing a revival in demand, with increased purchases of fast-moving consumer go…
ANI
3 mins read
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
2 mins read
SEBI places JSW Cement's Rs 4,000-cr IPO on hold for now
The proposed issue involves a new issue of equity shares worth Rs 2,000 crore and an offer-for-sale…
PTI
3 mins read
Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead
In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…
ANI
1 min read
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October…
1 min read
Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman
The banks, she stressed, need to focus on core banking business which is mobilising deposits an…
PTI
1 min read
Surge in top-up housing loans not system-wide issue, says RBI Governor
Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…
PTI
2 mins read
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
2 mins read
WPI inflation surges to 16-month high of 3.36% in June on costlier vegetables
New Delhi's wholesale inflation surged to 3.36% in June 2024, led by rising food prices, especially…
PTI
2 mins read
4 reasons why Wall Street's anxiety over excessive AI spending boom is 'premature,' Bank of America says
Investors are "premature" to worry over the spending AI wave, as a few catalysts still lie ahead, B…
Filip De Mott
2 mins read
Rupee falls 17 paise to close at 83.60 against US dollar
The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…
PTI
1 min read
Canara Bank Q1 profit surges 75% to ₹3,535 cr aided by fall in bad loans, interest income rise
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.15 …
PTI
2 mins read
Govt seeks proposals for setting up e-commerce export hubs
In this regard, it said, draft modalities for operation of these hubs have been formulated. …