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4 mins read
Water shortage detrimental to India's credit health, may spark social unrest: Moody's
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sector…
PTI
2 mins read
Sebi issues new guidelines to streamline operations of credit rating agencies
"In order to promote ease of doing business and bring about uniformity in dealing with appeals…
PTI
2 mins read
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…
2 mins read
India's non-cash payments on e-commerce platforms surge to 58.1% in 2023
India has made rapid strides in terms of alternative payment share for e-commerce payments in the A…
ANI
3 mins read
Adani Group to invest 100 billion US dollars in energy transition, manufacturing green energy capability: Gautam Adani
Adani group will invest more than USD 100 billion (around Rs 835 crore) in energy transition projec…
PTI
1 min read
RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management…
PTI
1 min read
TVS Credit posts 33.43% rise in Q4 PAT at ₹148.29 crore
The standalone total revenue from operations grew to Rs 1,517.50 crore, from Rs 1,234.60 crore…
PTI
2 mins read
Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for…
PTI
1 min read
Kotak Mahindra Bank shares decline over 4%; hit 52-week low
At the NSE, it went lower by 4.40 per cent to Rs 1,552.40 -- the 52-week low. Manian, who …
PTI
2 mins read
RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…
PTI
2 mins read
Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…
PTI
3 mins read
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees
When contacted, a SpiceJet spokesperson said the airline has initiated several measures, includ…
PTI
4 mins read
We want the elephant of inflation to walk back to the forest: Shaktikanta Das
The Indian central bank’s rate-setting panel, the Monetary Policy Committee (MPC), kept the repo ra…
1 min read
Bata India gets ₹60 crore sales tax notice
The company said it initially received an audit notice on April 27, 2023, and submitted relev…
PTI
2 mins read
Two entities upgraded for every downgrade in FY24, hospitality sector records 23 upgrades: ICRA
The fiscal year of FY24 continued the ‘upgrade momentum’ that was set into motion in FY22, said the…
2 mins read
RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth
In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…
ANI
2 mins read
Google for India – Sachet loans to credit on UPI, tech giant bets on lending
Search giant Google has made several major announcements for India at their annual Google for India…
2 mins read
Credit metrics of India Inc. to improve in October-December quarter: ICRA
ICRA expects the credit metrics of India Inc. to show slight sequential improvement in October-Dece…
2 mins read
Retail credit continues to boom, but delinquencies need better monitoring, says TransUnion CIBIL
India's retail credit market has continued to experience sustained growth in the second quarter o…
4 mins read
RBI expects India’s GDP to grow at 7% in FY24; keeps repo rate unchanged
The Reserve Bank of India (RBI)’s Monetary Policy Committee unanimously decided to keep the repo ra…