India’s GDP expands 13.5% in Q1

India’s GDP expands 13.5% in Q1

India’s GDP expanded 13.5% in the April-June quarter, its fastest growth in a year, but missed the R..

SBI Card launches cashback-focused credit card

SBI Card launches cashback-focused credit card

SBI Card has launched what it calls the country’s first cashback-focused credit card. Cardholders ca..

Google removes 2,000 loan apps since Jan

Google removes 2,000 loan apps since Jan

Google has removed over 2,000 loan apps from India Play Store since January this year for violating ..

Bank credit grows 14.2% in June quarter

Bank credit grows 14.2% in June quarter

Bank credit growth accelerated to 14.2% in the quarter ended June 2022 compared to 6% a year ago, RB..

Massive asset-liability mismatch in banking sector, says Pronab Sen

Massive asset-liability mismatch in banking sector, says Pronab Sen

A massive asset-liability mismatch in the Indian banking sector could explode anytime, warned noted ..

RBI ban out, American Express can add new customers

RBI ban out, American Express can add new customers

After more than a year, the Reserve Bank of India (RBI) has lifted the restrictions on American Expr..

NARCL CEO to be paid Rs 1.7 crore a year: Report

NARCL CEO to be paid Rs 1.7 crore a year: Report

National Asset Reconstruction Co. Ltd (NARCL) will be paying its CEO a total remuneration of Rs 1.7 ..

Banks source cheap funds by issuing CDs

Banks source cheap funds by issuing CDs

Indian banks are increasing issuance of certificates of deposits (CDs) to secure cheap funding. The ..

Adani Group ‘deeply overleveraged’, warns CreditSights

Adani Group ‘deeply overleveraged’, warns CreditSights

Gautam Adani's ports-to-power conglomerate is “deeply overleveraged” as the group invests aggressive..

Lenders claim Future Retail owes Rs 21,057 crore dues

Lenders claim Future Retail owes Rs 21,057 crore dues

Financial creditors have claimed Rs 21,057 crore as loan dues owed by Future Retail, according to a ..

DICGC to pay depositors of 17 co-operative banks in October

DICGC to pay depositors of 17 co-operative banks in October

Depositors of 17 distressed co-operative banks will receive payments from the Deposit Insurance and ..

RBI clarifies position on bank privatisation article in bulletin

RBI clarifies position on bank privatisation article in bulletin

Not wanting to be seen as being opposed to privatisation of banks, the Reserve Bank of India (RBI) c..

HDFC Bank opens first all-women branch in north Kerala

HDFC Bank opens first all-women branch in north Kerala

HDFC Bank has opened its first all-women branch in Kozhikode, north Kerala.Located in Cherootty Road..

RBI cancels licence of Deccan Urban Co-operative Bank

RBI cancels licence of Deccan Urban Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Karnataka-based Deccan Urban Co-operati..

 RBI article warns against big bang privatisation of banks

RBI article warns against big bang privatisation of banks

Even as the government has made its intent clear on privatisation of banks, an RBI article has warne..