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2 mins read

Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley

Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…

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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…

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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

RBI imposes penalties on three housing finance companies for non-compliance with directions

The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…

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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2 mins read

Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura

One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…

ANI   


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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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2 mins read

RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July

The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …

ANI   


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11 mins read

Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order

Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to…

Hayley Cuccinello   


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3 mins read

Stock market closing: Nifty, Sensex close in red, Sensex dips over 650 points during the day

Titan (up by 1.93%), Apollo Hospitals (up by 1.50%), Tata Consumers (up by 0.86%), Dr Reddy (up by …

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2 mins read

NCLAT directs NHAI not to terminate concession agreement of IL&FS group entity

, The National Company Law Appellate Tribunal has directed the National Highways Authority of India…

PTI   


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2 mins read

Stock market closing: Nifty, Sensex close the day with minor gains, Bajaj Finserv, Mahindra and Mahindra amongst top gainers

​All broad market indices closed the day in green, with Nifty Next 50 up by 1.21%, midcap 100 up by…

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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   


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4 mins read

Electoral bonds: Plea seeks contempt action against SBI for disobeying SC's order

A petition has been filed in the Supreme Court seeking contempt action against the State Bank of In…

PTI   


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4 mins read

Hindenburg shared the Adani report with its client Mark Kingdon two months before publishing it: Sebi

Hindenburg Research shared Adani report with Mark Kingdon two months earlier, according to the SEBI…

PTI   


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5 mins read

10 financial scams that shook India: A dive into deception

From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…

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1 min read

HDFC Bank shares plunge over 8% post Q3 earnings; mcap erodes by Rs 1 lakh crore

Shares of HDFC Bank fell by over 8 per cent on Wednesday, eroding Rs 1 lakh crore from its market v…

PTI   


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6 mins read

Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India

Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurshi…

Shubhangi Goel,Charissa Cheong   


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4 mins read

After AAP, ED attaches land, bank deposits of CPI(M); says party holding proceeds of money laundering

Official sources said the party may be named as an accused in the next supplementary chargesheet to…

PTI   


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2 mins read

Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of th…