New Delhi, Sept. 23 -- Mumbai. As it prepares to go public next month, Tata Capital Ltd plans to reduce its reliance on financing new vehicles and increase the share of advances for used automobiles t... Read More
Mumbai, Sept. 18 -- The US Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points (bps), the first such reduction since December. Fed Chair Jerome Powell has hinted that more ... Read More
New Delhi, Sept. 18 -- The Reserve Bank of India (RBI) recently said it has revoked the licences of 31 non-bank financial companies (NBFCs), including two little-known Kolkata-based firms linked to fu... Read More
Mumbai, Sept. 17 -- India's largest lender State Bank of India (SBI) on Wednesday said it has completed the sale of 13.18% stake in Yes Bank Ltd to Japanese lender Sumitomo Mitsui Banking Corp. (SMBC)... Read More
New Delhi, Sept. 15 -- Lenders are shovelling out gold loans as customers juice soaring gold prices, even as barriers rise in personal loans and credit cards. Banks handed out more gold loans than an... Read More
mumbai, Sept. 15 -- Lenders are shovelling out gold loans as customers juice soaring gold prices, even as barriers rise in personal loans and credit cards. Banks handed out more gold loans than any ot... Read More
Mumbai, Sept. 8 -- Indian companies borrowed less from banks in FY25 and turned instead to alternate fundraising sources such as corporate bonds and equity, showed recent data released by the Reserve ... Read More
Mumbai, Sept. 1 -- The surprise 7.8% economic growth in the first three months of 2025-26 is unlikely to deter India's monetary policy panel from cutting interest rates further in October, according t... Read More
Mumbai, Aug. 24 -- State Bank of India has asked its subsidiaries to step up as part of chairman C.S. Setty's stern message that underperformance will not be tolerated, according to a person aware of ... Read More
New Delhi, Aug. 23 -- India's central bank is facing a crucial question: Should it continue to target headline inflation, even when volatile food prices are largely beyond its control? The answer, acc... Read More