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2 mins read

Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley

Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…

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RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details

The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…

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Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions

Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …

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What has changed for your credit cards, starting today?

Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…

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1 min read

Axis Bank posts net profit of ₹7,129 cr in March quarter

Total income rose to Rs 35,990 crore in the March quarter of 2023-24 fiscal, from Rs 28,758 cro…

PTI   


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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…

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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…

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Sensex, Nifty tumble nearly 1.5% as bank stocks slump on weak Japanese markets

Equity benchmark indices tumbled nearly 1.5% on Monday due to heavy selling in frontline stocks Rel…

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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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3 mins read

I made it to managing director after 17 years in banking, then I quit. I didn't want to work myself into the ground well into my 60s.

Eric Sim, 54, spent more than 20 years in banking. The former UBS managing director now works as a …

Kwan Wei Kevin Tan   


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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   


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2 mins read

Red Lobster's next CEO once explained why he doesn't practice work-life balance

Red Lobster's incoming CEO doesn't practice work-life balance. But he said it's an individual choic…

Jaures Yip   


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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   


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5 mins read

Boeing's new CEO is taking on the ultimate management test

Boeing CEO Kelly Ortberg faces urgent challenges, including a worker strike. Experts say he should …

Tim Paradis,Taylor Rains