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1 min read

LIC increases stake in Bank of Maharashtra from 4.05 percent to 7.1 percent through QIP

Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the compa…

ANI   


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2 mins read

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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2 mins read

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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2 mins read

Bajaj Housing Finance IPO booked over 4x on the second day. Should you jump aboard this ship?

While the allotment is expected to be finalised by September 12, the listing on NSE and BSE will te…

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RBI issues framework for reclassification of FPI to FDI

Currently, an investment made by foreign portfolio investor along with its investor group (FPI) sho…

PTI   


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Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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2 mins read

Consumer goods, auto and healthcare sector to expand but energy may face challenge in 2025: Report

Geopolitical tensions will challenge the energy sector through 2025, but investments in renewable e…

ANI   


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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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1 min read

RBI proposes rationalising regulations on export, import transactions

The RBI on Tuesday proposed rationalising regulations that cover export and import transactions wit…

PTI   


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Bank stocks soar after Donald Trump's election victory

Shares of the biggest US lenders soared Wednesday after the election, as markets eye looser regulat…

Jennifer Sor   


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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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2 mins read

Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more

Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…

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2 mins read

Govt to impose fine for not updating Aadhar information by Sep 14 — here’s how you can do it from home in 10 min

Have you updated your Aadhar details yet? Here's how to do it completely free of charge!

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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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FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator

President Joe Biden is set to nominate a new FDIC chair after independent and congressional scrutin…

Shubhangi Goel   


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2 mins read

Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi

Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…

PTI   


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1 min read

Apartment rents are down and supply is up 170% in Buenos Aires since Argentina scrapped all rental regulations

Buenos Aires is seeing a rental market boom with rents down 40% after Argentina retired its years-l…

Kelly Cloonan   


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1 min read

Moscow will reportedly block sales of Western banks to Russian firms, leaving them with no exit

Western banks still operating in Russia are facing and increasingly difficult path to an exit.

Filip De Mott   


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5 mins read

Harris can chart her own path with the top regulators — and Big Business hopes she's on their side

When it came to economic appointments, Biden was hamstrung by campaign promises. Harris isn't — som…

Alice Tecotzky   


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2 mins read

UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…