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3 mins read

Bill to provide up to four nominees to a bank account introduced in Lok Sabha

Another proposed change relates to redefining 'substantial interest' for directorships, which could…

PTI   


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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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2 mins read

52.81 crore Jan-Dhan accounts have deposited balance of over Rs. 2.3 lakh crore: Minister of State for Finance

About 35.15 crores or 66.6 per cent of PMJDY accounts have been opened in rural and semi-urban area…

ANI   


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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…

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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   


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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   


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2 mins read

Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL

Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…

PTI   


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3 mins read

Al Pacino says he went from $50 million to broke, joining a long list of stars who've experienced money troubles

"Scarface" and "The Godfather" actor Al Pacino blamed his reckless spending, financial ignorance, a…

Theron Mohamed   


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2 mins read

Musk's X paid $5 million in fines to the wrong bank, Brazil's Supreme Court said

Paying the fine is the last hurdle for X's reinstatement in Brazil, which was its sixth-largest mar…

Lian Kit Wee   


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3 mins read

As Elon Musk's battle with the Brazilian government intensifies, another of his companies is facing trouble

First, a top Brazilian judicial official blocked access to X. Now, new reports indicate that the Sp…

Katherine Tangalakis-Lippert   


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3 mins read

India provided more climate finance in 2022 than many rich nations, noted recent report

India provided $1.287 billion in climate finance to other developing countries through MDBs in 2022…

PTI   


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5 mins read

3 money mistakes even accounting professionals make, according to a personal finance expert who worked at EY and PwC

A former Big Four employee, who's now a financial literacy expert, shared three personal finance mi…

Charissa Cheong   


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2 mins read

Daily digital transactions in India via UPI equivalent to population of EU, highlights PM Modi

In the first 20 days of August alone, India recorded a staggering 9,840.14 million UPI transactions…

ANI   


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3 mins read

"Outrageous allegation!": Nirmala Sitharaman reacts to opposition protesting budget, labeling it 'discriminatory'

"I would challenge the Congress party that for all the budget speeches they have delivered. Have th…

ANI   


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3 mins read

Street to keep a hawk eye HDFC Bank’s net interest margin and deposit growth trends

HDFC Bank’s merger with parent HDFC Limited has expanded its book but affected its profitability. I…

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2 mins read

Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year

Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…

ANI   


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2 mins read

Discouraging retail play in F&O may help banks garner deposits: SBI Chairman

Khara said the budget announcements like the tweaks on the short-term and long-term capital gains w…

PTI   


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4 mins read

From ‘Copycat’ to ‘Kursi Bachao Budget' — Here’s what Rahul and other Congress leaders had to say about Budget 2024

Congress alleges BJP copied ideas from their manifesto for Budget 2024, sparking a heated debate on…

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2 mins read

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   


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4 mins read

Union Budget 2024: When will it be presented, what time, where to watch and what are various sectors expecting?

Budget 2024 will be marked by major social and economic decisions, Sitharaman had recently noted in…