In a nationwide drive against GST fake invoice fraud, the authorities on Friday arrested 8 fraudsters, booked 65 cases and unearthed 114 fake GSTIN entities

Bandhan Bank has grown its business in microlending and now plans to use its customer reach to broad-base its credit portfolio

The entry of a dozen small finance banks is changing the lending landscape with technology and innovative products.

The Loan Genie is a video call based bot that will help customers seek answers to all their loan-related queries through interactions and engagement. Users can also apply for the loan on this platform.

The chargesheet said Nirav Modi conspired with other accused to cheat the bank. \"He was the mastermind behind the scam, designing the entire scheme of fraud and the movement of the monies under the grab of export/import of diamonds and other jewelleries,\" it added.

How a little-known bank lending to local traders in Maharashtra turned into one of India's top 10.

Currently, IndusInd Bank, YES Bank, Axis Bank, IDFC Bank and Lakshmi Vilas Bank are offering 7.15 percent, 7.10 percent, 7 percent, 7 percent and 7 percent returns, respectively on fixed deposits of amounts less than Rs 1 crore.

Private banks are consistently beating the public sector banks in terms of the market cap growth. And the difference is only widening.

Sarda has used design to convey a sense of tradition and heritage, rendering a premium look. The milk is packaged in glass bottles much like it used to be in the good old days, before the poly-pack milk trend began.

The bank is looking to grow 10 per cent above the industry average. \"Our investors expect it,\" says Managing Director and CEO Vishwavir Ahuja who has managed to transform the erstwhile Ratnakar Bank into the country's fastest-growing small bank.

Rajeev Jain has transformed a small auto finance business into a well-diversified financial services company.

The central government's Make in India initiative and a spurt in interest shown by angel investors and venture capitalists to fund tech hardware start-ups might just give the much-needed boost to the industry.

The big ig names include IndiGo, Cafe Coffee Day, Matrix Cellular and GVK Airport.

The 72 applicants for small finance bank licences are a mixed lot, indeed, a good number having had nothing to do with banking before.

Business Today zeroes in on five social enterprises to see how large-scale fund infusion is helping such enterprises build for-profit sustainable business models.

The proposed additional capital is going to strengthen the bank's capital adequacy ratio. HDFC Bank, however, refused to comment on the proposed offer.

RBL, under Managing Director and CEO Vishwavir Ahuja, actually went and bought the credit card business of Royal Bank of Scotland in August 2013.

A crucial question is who should India manufacture for? Is it the domestic market or for the world? At $6 billion, the domestic market is small.