New Delhi, Nov. 24 -- The local currency market is bracing for more weakness in the coming weeks, after the rupee sharply slid to a record low of 89.41 against the US dollar within the last hour of tr... Read More
New Delhi, Nov. 21 -- After discussions with the European Central Bank on linking UPI with Europe's TIPS instant payment system, the Reserve Bank of India (RBI) has started the implementation phase of... Read More
New Delhi, Nov. 20 -- Indian lenders are seeing the stress in their microfinance books gradually spread to their secured portfolios as overleveraged customers delay repayments. This comes less than a ... Read More
New Delhi, Nov. 18 -- Non-bank lenders are turning cautious on lending to small enterprises, as defaults rise following a lending spree to borrowers with weak credit profiles. Bajaj Finance, IIFL Fin... Read More
New Delhi, Nov. 10 -- Bajaj Finance Ltd has lowered its credit growth guidance for the current financial year to 22-23% on year from its earlier expectation of 24-25% as the non-bank lender grapples w... Read More
New Delhi, Nov. 6 -- After months of muted demand, auto loans appear to have hit the fast lane. The recent reduction in the goods and services tax (GST) rates on select vehicles to 18% from 28% has r... Read More
New Delhi, Nov. 3 -- The Reserve Bank of India (RBI) will meet a clutch of primary dealers (PDs) on Thursday, likely to discuss the recent weakness in the government securities market and gauge invest... Read More
New Delhi, Nov. 3 -- After two years of credit stress, policy reforms and heavy write-offs, India's microfinance sector is taking tentative steps to recovery. Bad loan ratios moderated and loan colle... Read More
New Delhi, Nov. 3 -- State Bank of India (SBI) is expected to see its net profit decline for the the September quarter even as healthy loan growth and one-off treasury gains from its stake sale in Yes... Read More
Mumbai, Oct. 26 -- Liquidity in India's banking system has turned negative for the first time in a month, as the Reserve Bank of India's (RBI) dollar sales to defend the rupee and higher cash withdraw... Read More