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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…
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
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…
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
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
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
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…
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 …
America's absurd war on 'organized retail crime'
Target and CVS call them criminal masterminds. Most are homeless or mentally ill.
Amy Martyn
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…
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
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…
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…
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
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
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
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
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
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…
Citi's regulatory nightmare still haunts CEO Jane Fraser
Citi CEO Jane Fraser was dogged by questions about the bank's longstanding regulatory troubles.