Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

The private bank has been penalised for two major outages -- one in November 2018 and the other in December 2019

There has been a rapid growth in the branch network of SFBs since their inception, but the growth has been concentrated in southern, western and northern regions, which are relatively well-banked regions in the country

Fintech platforms might be taking borrowers for a ride, but onus is on the borrowers too - take loan with an intent to pay back, check the loan agreement parties, and be very alert about the data that you are sharing

Govt. committed to #FinancialInclusion to all citizens. As on 6/1/21, #PMJDY accounts cross 41 Cr. and Zero Balance Accounts decline to 7.5% from 58% in March 2015. Clearly showing the use and adaption by every account holder, the Finance Ministry said

Plan submitted to RBI includes both short and long-term solutions, which may take up to three months to implement. HDFC Bank was barred from issuing any new credit cards on December 12, 2020, after a series of technical glitches

The Davos Agenda Summit will be held from January 25-29, with several heads of state scheduled to deliver special addresses and engage with business leaders

On January 16, Bharat Pe and financial services firm Centrum had jointly submitted a bid to the Reserve Bank of India to acquire PMC Bank

Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26

First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'

State governments had 54.60 billion rupees ($747.03 million) loans from the RBI in the week ended Jan. 8

I would like to unambiguously reiterate that the Reserve Bank remains steadfast to take any further measures, as may be necessary, while at the same time remaining fully committed to maintaining financial stability, Das said.

The rise in net profit came on the back of increase in net interest income, which grew 15.1 per cent to Rs 16,317.6 crore in December quarter from Rs 14,172.19 crore in same quarter last fiscal

The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019

On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling

The instant loan apps offer loans to individuals and levy exorbitant interest rates and processing charges. These could range from 2-3 per cent per month, adding up to an average of 24-36 per cent a year

Farm bills have potential to represent important measure for agri reforms in India: IMF The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here. There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at...