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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…
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…
2 mins read
RBI imposes penalties on three housing finance companies for non-compliance with directions
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…
ANI
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…
2 mins read
Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura
One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…
ANI
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…
3 mins read
India provided more climate finance in 2022 than many rich nations, noted recent report
India provided $1.287 billion in climate finance to other developing countries through MDBs in 2022…
PTI
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
4 mins read
Electoral bonds: Plea seeks contempt action against SBI for disobeying SC's order
A petition has been filed in the Supreme Court seeking contempt action against the State Bank of In…
PTI
8 mins read
Why Gen Zers aren't leaving the nest
Young people are living at home and relying on their parents for money well into their 20s. Their p…
Eve Upton-Clark
4 mins read
After AAP, ED attaches land, bank deposits of CPI(M); says party holding proceeds of money laundering
Official sources said the party may be named as an accused in the next supplementary chargesheet to…
PTI
5 mins read
10 financial scams that shook India: A dive into deception
From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…
6 mins read
Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurshi…