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.

Bajaj Finance failed to ensure that its recovery agents did not resort to harassment or intimidation of customers as part of its debt collection efforts, said RBI

The net non-performing asset (NPA) ratio of the NBFCs should be less than 6 per cent in each of the last three years, including the accounting year for which it proposes to declare dividend

RBI said the penalty has been imposed for non-compliance with its directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016

Newly listed insurance, mutual fund, pure play credit card and small finance banking players are charming Dalal Street

Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health

Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

India Stock Market Highlights Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.

The RBI said that existing HFCs would be provided with a glide path to achieve minimum Net Owned Fund (NOF) of Rs 20 crore. They will be required to reach Rs 15 crore within one year and Rs 20 crore within two years

Coronavirus lockdown has created multiple landmines in the financial services sector. This is how banks and NBFCs are preparing for life post-coronavirus

Consolidation, new leadership at top private banks and newer growth areas in retail are set to build the foundation for the banking industry. The 24th edition of BT-KPMG Best Bank Study celebrates the success of banking and fintech stars

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.

Company vice chairman and MD Gagan Banga, in an investor call on Friday, said there was very high liquidity on books to more than cover next 12 months repayments

\"The government should boost public spending for the revival of the economy. A good monsoon will revive economic activities in the rural market, while the bank recapitalisation will enhance liquidity,\" said Seshagiri Rao, Joint Managing Director & Group CFO, JSW Steel

The Finance Minister has announced a mini-stimulus package to arrest the economic slowdown. But the economy needs much more than piecemeal solutions

Earlier this month, the RBI cut repo rate by another 35 basis points to 5.4 per cent, taking the total repo rate reduction to 110 basis points. While new borrowers did get advantage of lower rates, existing borrowers have been left out

M&M Financial Services and Piramal Capital & Housing Finance got a credit line worth Rs 1,500 crore from LIC  a few months ago. Sources suggest M&M Finance signed a deal with LIC last week for Rs 2,000 crore funding