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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…
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
Homebuying decision may be impacted if mortgage rates cross 9%: FICCI-Anarock survey
A FICCI and Anarock survey reveals that nearly 90% of homebuyers will be significantly impacted if …
PTI
3 mins read
RBIs MPC meet concludes today: Repo rate left unchanged at 6.5%
Treading along expected lines, RBI rate-setting panel left the repo rate unchanged at 6.5% for the …
2 mins read
Anil Ambani's Reliance Group starts transformation journey, achieves near zero-debt
Reliance Infra announced a significant reduction in standalone external debt, lowering it from Rs 3…
PTI
2 mins read
NSE, BSE advise investors against dealing with entities assuring unreal returns
The joint advisory accused those entities of showcasing fake certificates purportedly issued by SEB…
ANI
2 mins read
AIIMS Bathinda continues to protest against Kolkata doctor rape-murder case
Doctors at All India Institute of Medical Science (AIIMS), Bathinda continued to protest on Friday …
ANI
3 mins read
Sensex, Nifty edge up in volatile trade ahead of US Fed chief speech
In early trade, the benchmark declined 169.93 points or 0.20 per cent to a low of 80,883.26. La…
PTI
11 mins read
Big banks promised to protect the planet. Now they're doing an about-face.
Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …
Catherine Boudreau
4 mins read
Qatar Investment Authority unit, SBI funds, Citigroup biggest buyers in Adani Energy's USD 1 billion QIP
The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solut…
PTI
2 mins read
Centre approves appointments of new Chairman, Managing Director of State Bank of India
The central government approved Challa Sreenivasulu Setty as the new Chairman of State Bank of Indi…
ANI
2 mins read
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
4 mins read
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
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
1 min read
DBS Bank sets decarbonisation targets for seven key sectors
DBS Bank set a target to become net zero by 2050, last October.It has now set sectoral targets foll…
2 mins read
The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help
The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…
Filip De Mott
1 min read
Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank
Uday Kotak has resigned as the Managing Director & CEO of Kotak Mahindra the Bank with effect from …
2 mins read
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
Huileng Tan
2 mins read
Mutual fund stake in NSE-listed cos at all time high; FPIs at 11-yr low
The share of Domestic Institutional Investors (DIIs), which includes domestic mutual funds, insuran…
PTI
2 mins read
New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations
Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…