NCLT orders insolvency proceedings against Future Retail

NCLT orders insolvency proceedings against Future Retail

The National Company Law Tribunal (NCLT) on Wednesday ordered insolvency resolution proceedings agai..

HDFC Bank chairman speaks on gains from merger, neotech partners, branch expansion

HDFC Bank chairman speaks on gains from merger, neotech partners, branch expansion

The board of HDFC Bank is closely monitoring the process for approval of various aspects of the merg..

ARCs eye stressed retail loans amid market changes

ARCs eye stressed retail loans amid market changes

Asset reconstruction companies (ARCs) are racing to acquire non-performing retail loans as they see ..

SBI raises MCLR by 10 basis points

SBI raises MCLR by 10 basis points

The State Bank of India (SBI) has raised its marginal cost of funds-based lending rate (MCLR) on loa..

We plan to grow our retail assets to 50% within four years

We plan to grow our retail assets to 50% within four years

When did Edelweiss ARC decide to do more retail loan buyouts?When corporate loan demand declined and..

ED files FIR against entities, IndusInd Bank staff over remittance irregularities

ED files FIR against entities, IndusInd Bank staff over remittance irregularities

An investigation by the enforcement directorate (ED) pertaining to remittance transactions during 20..

Retail inflation remains above 7%

Retail inflation remains above 7%

India’s retail inflation eased marginally to 7.01% in June from 7.04% in May, but remained higher th..

HDFC Bank raises MCLR by 20 basis points, EMIs to get costlier

HDFC Bank raises MCLR by 20 basis points, EMIs to get costlier

For HDFC Bank customers, interest rate on home, car, personal and other loans will become costlier a..

Rupee falls to record low, touches 79.37 against US dollar

Rupee falls to record low, touches 79.37 against US dollar

The Indian rupee tumbled to its lowest against the US dollar amid a record trade deficit, rising con..

RBI to defend rupee against jerky movements: Deputy Guv Patra

RBI to defend rupee against jerky movements: Deputy Guv Patra

The Reserve Bank of India (RBI) is intervening in the market to defend the rupee and will not allow ..

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

The board of Canara Bank on 24 June approved a Rs 9,000 crore capital raising plan through a combina..

RBI disallows non-banks from loading credit lines on prepaid payment instruments

RBI disallows non-banks from loading credit lines on prepaid payment instruments

The Reserve Bank of India (RBI) has disallowed non-bank pre-paid wallets and pre-paid cards from loa..

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

RBI to take strict action against strong-arm tactics of recovery agents: Governor Das

The Reserve Bank of India (RBI) will take strict action against regulated entities who resort to str..

Lending rates rise, HDFC hikes retail prime lending rate by 50 basis points

Lending rates rise, HDFC hikes retail prime lending rate by 50 basis points

Lending rates are on a swift rise, much ahead of the upward movement of deposits. Housing Developmen..

RBI raises repo rate by 50 bps, inflation forecast to 6.7%

RBI raises repo rate by 50 bps, inflation forecast to 6.7%

Continuing its fight against rising inflation, the Reserve bank of India (RBI) has increased the rep..