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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…
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…
Gen AI to unlock a "mammoth incremental opportunity" for Indian IT services: Report
The generative AI provides more opportunity to the Indian IT sector contrary to the believe of bein…
ANI
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
Global cyber outage: Banks, payments systems unaffected by Microsoft outage
HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…
PTI
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…
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
NPCI International to support Namibia develop instant payment system like UPI
A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limit…
ANI
RBI asks NBFCs to broad-base fundraising, reduce dependence on banks
The Reserve Bank on Wednesday asked non-bank finance companies to broad-base their fundraising to l…
PTI
Stable, strong financial system to act as bedrock for economic progress: RBI Governor
Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to …
PTI
Russia's largest bank says it has no problems transacting with India
Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.
Huileng Tan
India needs to create 148 million additional jobs by 2030 given population growth, says IMF DMD Gopinath
Given the scale of what is needed, it is going to require basic reforms including land reforms and …
PTI
Stock market today: Sensex, Nifty open in red, media slips by 2% as IT manages marginal lead
In early morning trade, LTI Mindtree, Axis Bank, Infosys, Wipro, and Tech Mahindra gained significa…
Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…
ANI
Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman acknowledged uncertainties in India's garment sector prompted b…
PTI
UPI transactions cross Rs 20 trillion for third successive month, in July 2024
Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…
ANI
Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The issues are being faced for the last two days after the discovery of a breach of the system…
PTI
Nifty at all-time high as energy and financial stocks surge
Nifty 50 reached an all-time high of 22,171 largely propelled by the performance of financial and e…
Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report
Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…
PTI
Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…