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NBFC loans shrink as shadow banks turn to bonds; RBI relief fails to lift credit

Mumbai, July 2 -- Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this y... Read More


Question the status quo, says RBI governor Sanjay Malhotra

Mumbai, June 23 -- A quality that Reserve Bank of India governor Sanjay Malhotra says has helped him support innovation and invite new ideas and diverse perspectives is challenging the status quo. "I... Read More


Rising asset quality on top of board's mind, HDB says ahead of IPO

Mumbai, June 20 -- HDB Financial Services, the country's largest non-banking financial company (NBFC), said on Friday it has arrived at a discounted valuation of $7.2 billion for its initial public of... Read More


In relief to lenders, RBI eases provisioning norms for infrastructure financing

Mumbai, June 19 -- The Reserve Bank of India (RBI) on Thursday relaxed the provisioning norms for project finance loans, following appeals by lenders. The RBI, in its final guidelines, has mandated t... Read More


Premji Invest's latest bet? A tech-powered NBFC led by a former ICICI banker

Mumbai, June 19 -- Premji Invest, the family office of Wipro founder chairman Azim Premji, is looking to back former ICICI Bank banker Bijith Bhaskar to set up a tech-driven non-banking finance compan... Read More


US in stagflationary shock, India remains outlier, says BofA's Claudio Irigoyen

Mumbai, June 9 -- As the US economy goes through a stagflationary shock owing to higher tariffs, India and other countries will remain outliers, according to Claudio Irigoyen, managing director and he... Read More


RBI aims to boost economic growth, liquidity with jumbo rate and CRR cuts

Mumbai, June 6 -- In a move to invigorate India's slowing economy and in the wake of consistently easing inflation, the rate-setting committee of India's central bank slashed the repo rate by 50 basis... Read More


Hindujas aim to bolster stake in IndusInd Bank through new fundraise

Mumbai, June 3 -- IndusInd Bank's promoter entity, IndusInd International Holdings Ltd (IIHL), is in preliminary discussions with long-term investors, including sovereign wealth funds and pension fund... Read More


What's cooking inside RBI's Bengaluru innovation hub?

Mumbai, May 28 -- Chaarmikha Nagalla, 24, believes in the power of bringing ideas to life. So when it came to choosing a career, this economics and computer science graduate from Chennai was clear she... Read More


RBI dividend: Fiscal boost for government from record Rs.2.69-trillion payout for FY25

Mumbai, May 23 -- The central board of the Reserve Bank of India (RBI) has decided to transfer a record Rs.2.69 trillion as surplus to the government for the fiscal year 2024-25, the central bank said... Read More