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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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2 mins read

Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge

The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …

ANI   


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3 mins read

RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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2 mins read

Tier II and Tier III cities to see maximum retail expansion in coming years: JLL

The report also added that the Tier II and Tier III cities in the country are experiencing a surge …

ANI   


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11 mins read

Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order

Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to…

Hayley Cuccinello   


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3 mins read

Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council

The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…

ANI   


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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

India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …

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15 mins read

America's absurd war on 'organized retail crime'

Target and CVS call them criminal masterminds. Most are homeless or mentally ill.

Amy Martyn   


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3 mins read

Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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3 mins read

A massive Microsoft outage is causing disruption across the world for airlines, banks, and retailers

A mass IT outage caused disruptions to flights, banks, and supermarkets following an update issued …

Aditi Bharade   


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3 mins read

India could lose a quarter of its economy by 2070 – here’s why

India faces significant risks from climate change, including sea-level rise, extreme heat, and seve…

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3 mins read

From banks to SIPs – the evolution of investment choices for Indian retail investors

In India, traditional banking institutions were once the go-to for households seeking savings and i…

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5 mins read

Big banks are bracing for losses as Americans struggle to pay off debt

Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, …

Jacob Zinkula   


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2 mins read

Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to u…

PTI   


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2 mins read

Assets Under Management of equity mutual funds surged 5.4% sequentially in July: PL Wealth Management

The Assets Under Management (AUM) of equity mutual funds have surged by 5.37 per cent sequentially …

ANI   


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2 mins read

More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

A new Citi report says finance will be "at the forefront" of changes due to artificial intelligence.

Emmalyse Brownstein   


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2 mins read

Citi needs a white knight. Donald Trump's second term might provide one.

Trump's promise of light regulation could solve one of Citi's biggest problems.

Hayley Cuccinello   


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3 mins read

RBI likely to maintain status quo after food inflation keeps Feb print high, say experts

In February, retail inflation came in on expected lines at 5.09%. However, high vegetable inflation…

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2 mins read

Citi's regulatory nightmare still haunts CEO Jane Fraser

Citi CEO Jane Fraser was dogged by questions about the bank's longstanding regulatory troubles.

Hayley Cuccinello