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Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…

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TruAlt Bioenergy files IPO papers with Sebi; aims to mop up Rs 750 cr via fresh issue

The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) …

PTI   


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1 min read

Jana Small Finance Bank re-files IPO papers with Sebi

Jana Small Finance Bank Ltd has re-filed draft papers with capital markets regulator Sebi to mobili…

PTI   


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India is trying to regulate cryptocurrencies — but not everyone is on board, including the RBI governor

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, isn’t a fan…

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SBI customers will no longer be penalised for not maintaining average monthly balance

India’s largest bank, the State Bank of India (SBI), has waived off the requirement for depositors …

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MSMEs run on promoter’s savings and need insurance as much as other businesses

The Micro, Small & Medium Enterprises (MSMEs) have been contributing significantly to the country’s…

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RBI plans to tighten scrutiny of large NBFCs by upgrading its regulatory policies

"This regulatory regime based on the principle of proportionality warrants a review. It is felt…

PTI   


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India’s definition of ‘virtual digital assets’ isn’t set in stone

The Indian government announced its plans to tax cryptocurrency transactions at a rate of 30% durin…

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RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth

In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…

ANI   


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Bank OTP issue – SBI, ICICI, HDFC and other bank customers could face OTP issues from April 1

OTPs (one-time passwords) from banks have become an essential part of our lives now, especially if …

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4 mins read

SBI, HDFC, ICICI and 12 others banks are joining forces to use blockchain to power Letters of Credit — a move that could be a boon for MSMEs

Banks in India are coming together to use blockchain technology to solve a central problem in tradi…

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1 min read

SBI sheds 2.1pc stake in SBI Life via OFS to comply with shareholding norms

"We, State Bank of India (seller) as one of the promoters of SBI Life Insurance Company Ltd (targe…

PTI   


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HDFC Bank withdraws letter on crypto transactions after RBI clarifies that its 2018 circular is no longer valid

India’s cryptocurrency regulations have been unclear, to say the least. The issues began…

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1 min read

SBI raises $600 million from overseas bond sale

"The transaction was well received and saw strong interest from investors across geographies…

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2 mins read

Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others

Indian stock-market indices are likely to begin on a tepid note on Wednesday, led by mixed cues fro…

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3 mins read

Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

Reliance Capital's (RCAP) expression of interest (EOI) for asset monetisation garnered mega respons…

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2 mins read

Top stocks to watch — RIL, Airtel, IndiGo, SpiceJet, SBI, Bank of Baroda, Vodafone-Idea, Granules India, and others

Indian stock-market indices are likely to open on a tepid note on Friday, led by mixed cues from th…

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6 mins read

Samvat 2077: Bharti Airtel, Infosys, ICICI Bank, SBI, Varun Beverages and Can Fin Homes stocks are among the top Diwali picks

While Diwali is widely celebrated across India, the festival is a markedly special occasion for the…

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1 min read

SpiceJet aircraft undershoots runway, pilots grounded

The Civil Aviation regulator has grounded two SpiceJet pilots, who operated the Bengaluru-Guwahati …

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Top stocks to watch — SBI, RIL, TCS, Bajaj Finance, Dixon Tech and others

Amidst mixed cues from the global markets, the Indian equities are likely to open on a muted note. …