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2 mins read
RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…
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…
2 mins read
Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions
Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …
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
Sensex revists 82,000-level as RBI changes monetary policy stance to 'neutral'
Benchmark BSE Sensex jumped over 550 points to revisit the 82,000-level in morning trade on Wednesd…
PTI
2 mins read
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…
3 mins read
FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…
PTI
6 mins read
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
2 mins read
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
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…
1 min read
Axis Bank Q3 net profit rises to ₹6,071 crore
rivate sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 …
PTI
2 mins read
Nifty, Sensex trade flat dragged by financial stocks
Equity benchmark indices, the Nifty and the Sensex declined in early trade on Friday but recovered …
2 mins read
Sensex, Nifty slump in early trade as Middle East conflict deepens
Equity benchmark indices Sensex and Nifty tanked in early trade on Thursday, dragged by a decline i…
2 mins read
Sensex, Nifty hit all-time peaks after RBI's highest-ever dividend announcement
Benchmark stock indices Sensex and Nifty rallied more than 1.6 per cent to close at lifetime high l…
PTI
3 mins read
Markets extend gains for 5th session; Sensex revisits 74k
Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim…
PTI
1 min read
Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahin…
PTI
1 min read
RBI issues omnibus framework for recognising SROs for regulated entities
The Reserve Bank on Thursday issued an omnibus framework for recognising Self-Regulatory Organisati…
PTI
2 mins read
Don’t need to raise more capital immediately, says Axis Bank’s CEO Amitabh Chaudhry
Axis Bank will not need to raise more capital after the Reserve Bank of India mandated banks to inc…
1 min read
Flipkart to distribute Axis Bank personal loans of up to ₹5 lakh
The platform, which has 450 million customers, will be distributing loans of up to ₹ 5 lakh which c…