Mumbai, Jan. 29 -- With his current term coming to an end in little over two months, Bajaj Finance Ltd's managing director Rajeev Jain plans to remain involved in shaping the strategy of the non-bank ... Read More
New Delhi, Jan. 27 -- The Reserve Bank of India (RBI) on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. Ltd, citing governance concerns and defaults in me... Read More
New Delhi, Jan. 22 -- A central bank decision to ease the bad loan settlement process loans of up to Rs.1 crore by asset reconstruction companies has come as a relief for these firms scrambling to sec... Read More
Mumbai, Jan. 17 -- The Reserve Bank of India (RBI) on Thursday retained Tata Sons --- the principal holding company of the Tata Group --- in its list of 15 upper-layer non-bank financiers for FY25, bu... Read More
Mumbai, Jan. 15 -- Banks in India added more deposit than loans in 2024 leading to softening of the credit-deposit ratio, even as deposit growth failed to keep pace with advances, showed latest data f... Read More
Mumbai, Jan. 14 -- Banks in India added more deposits than loans last year, leading to a softening of the credit-deposit ratio, even as deposit growth failed to keep pace with advances, showed latest ... Read More
Mumbai, Jan. 3 -- The rupee is expected to further weaken in the coming months as Trump's presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's inte... Read More
Mumbai, Jan. 2 -- There has been a mild decline in the use of US dollars for trade finance in the Asia Pacific region on the back of higher interest rates, with demand for local currency financing inc... Read More
Mumbai, Dec. 30 -- Nearly a year after clamping down on exuberance in unsecured loans, India's central bank has expressed concern about the stress in such loans spilling over to larger, secured loans.... Read More
Mumbai, Dec. 26 -- India's banking regulator has set up an eight-member committee to study regulatory and supervisory approach on artificial intelligence, especially in the financial sector, in other ... Read More