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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…
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
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
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…
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
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
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
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…
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
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…
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.…
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
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…
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
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…
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
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
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…
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…
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…