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SBI projects optimism in itself, economy after strong Q4

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


India's private capex not secular across industries, says HSBC's Malhotra

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


Mint Explainer: How Mahindra Finance unearthed a Rs.150 cr employee-dealer fraud

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


RBI finds 'unfair practices in charging of interest', asks banks to review

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


RBI-Kotak Mahindra Bank effect: ICICI Bank spotlights increased spending on IT, cybersecurity

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


Bajaj Finance Q4 hit by rural loan losses, RBI restrictions

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


New KYC rules bother payment aggregators

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


Stricter KYC norms bother payment aggregators

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


Stricter KYC norms bother payment aggregators

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


How a recent RBI proposal on KYC has got payment aggregators on the backfoot

New Delhi, April 24 -- A recent central bank directive has rattled payment aggregators who might now have to put more feet on the street to check if a business is legitimate before onboarding them as ... Read More