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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

HDFC Bank Q2 profit soars 5% to ₹16,821 crore

Total income increased to Rs 85,500 crore during the quarter under review against Rs 78,406 cro…

PTI   


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3 mins read

PVR INOX to close 70 non-performing screens in FY25, plan monetisation of real estate assets

The company will add 120 new screens in FY25 and close almost 60-70 non-performing screens, as it c…

PTI   


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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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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   


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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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1 min read

India's forex reserves jump USD 4.3 billion, hit new all-time high of USD 655.8 billion

India's forex reserves jumped USD 4.307 billion to a new all-time high of USD 655.817 billion for t…

PTI   


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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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1 min read

India's forex reserves jump by USD 3.66 bn to USD 641.59 bn: RBI

For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, follow…

PTI   


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3 mins read

Beyond stocks and bonds: Understanding the PMS & AIF ecosystem in India

In today’s dynamic investment landscape, exploring alternative avenues is the key to optimising you…

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3 mins read

Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week

Gold prices dropped by 2% last week, in what has been the first weekly drop in prices in six weeks.…

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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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7 mins read

Secured Loans 2.0 — why more and more Indians are turning to gold, shares and mutual funds to get loans

Indians are increasingly turning to secured loans like gold loans and loans against securities (LAS…

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3 mins read

Reliance expects to complete merger with Disney's India business in Q3

Reliance Industries, led by Mukesh Ambani, is set to merge its media assets with the Walt Disney's …

PTI   


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3 mins read

Muhurat trading 2024: 5 stock picks you can consider this time around

Kotak Securities further notes that FY25 will likely see more broad-based growth across sectors. Ho…

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2 mins read

In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn

In September 2021, the country's forex kitty had reached a high of USD 642.453 billion, which w…

PTI   


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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   


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2 mins read

India's biggest IPO off to a slow start, subscribed 0.18x on Day 1

Hyundai Motor India allocated 4.2 crore equity shares to these anchor investors at Rs 1,960 per sha…

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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…

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3 mins read

India Shelter Finance IPO subscribed 1.48x times on day 1 Q

Affordable housing company India Shelter Finance Corporation’s IPO was subscribed to 1.48 times the…