Mumbai, May 17 -- The Reserve Bank of India (RBI) is advocating for more active involvement from the boards of asset reconstruction companies (ARCs) for better governance, risk management and complian... Read More
New Delhi, May 16 -- Two top executives at Bank of Baroda, both lateral hires, have quit in quick succession and been replaced by internal officials, two people aware of the development said. This hi... Read More
MUMBAI, May 13 -- Having achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring ... Read More
Mumbai, May 9 -- State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, aft... Read More
Mumbai, May 8 -- India's private capex or capital expenditure-a key component of economic growth-is not secular across sectors with a few, such as heavy industries, drawing more attention than the res... Read More
Mumbai, April 29 -- Non-bank financier Mahindra and Mahindra Financial Services, in a regulatory filing last week, said it has detected fraud at one of its branches in the northeast. The fraud involve... Read More
New Delhi, April 29 -- The Reserve Bank of India (RBI) on Monday directed banks and non-bank financiers to review some of their lending practices when it comes to applying interest and other charges t... Read More
Mumbai, April 28 -- ICICI Bank Ltd's improved performance in the March quarter was underscored by a metric that's becoming crucial to the stability of lenders in the modern era, particularly in the co... Read More
Mumbai, April 25 -- Bajaj Finance's managing director Rajeev Jain on Thursday said the company faced challenges on two fronts in the March quarter: higher loan losses in personal loans to rural custom... Read More
mumbai, April 25 -- A recent central bank directive has rattled payment aggregators, who may have to put more feet on the street to check if a business is legitimate before signing them up as merchant... Read More