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2 mins read

India’s central bank has scrapped the licenses of nearly 400 NBFCs so far this year

The purge is in full swing. The Reserve Bank of India (RBI)has made an aggressive push in the rec…

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2 mins read

India’s central bank is moving ahead with plans to set up the country’s first public credit registry

The Reserve Bank of India (RBI) has moved a step closer to establishing the country’s first pub…

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2 mins read

The Reserve Bank of India just made it a lot easier for the country’s shadow banks to sell off their loans

The restriction was put in place to ensure that the loan was being serviced regularly prior …

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1 min read

StrideOne raises ₹250 crore to help reduce technological and financing gaps

StrideOne, founded by venture debt fund Stride Ventures, introduced a startup-led credit distributi…

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3 mins read

IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA

"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…

PTI   


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India’s central bank is ramping up its supervision of the country’s commercial lenders and shadow banks

In response to the spate of frauds at large banks and defaults by NBFCs in the last year, the Reser…

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2 mins read

Kotak Mahindra Bank gets RBI nod for trimming promoters' stake

"Further to our intimation dated 30th January 2020,...the Reserve Bank of India has granted its fin…

PTI   


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3 mins read

Top stocks to watch — BPCL, IndiGo, Asian Paints, SpiceJet, Coal India, PVR, GMR Infra, Ingersoll Rand, and others

Indian stock-market indices are likely to open in green on Monday, led by positive cues from the gl…

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5 mins read

Career in the Financial Sector could actually be a good bet, if salary is a criterion to go by

Financial institutions in India continue to be at the bottom of the list of sectors paying the lowe…