Fairfax India commits $200 mn to IIFL Finance

Fairfax India commits $200 mn to IIFL Finance

IIFL Finance, which was barred by the Reserve Bank of India (RBI) from disbursing gold loans, has fo..

RBI bars JM Financial from financing against shares, debentures

RBI bars JM Financial from financing against shares, debentures

The Reserve bank of India (RBI) has barred JM Financial Products from advancing loans against shares..

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India on Tuesday approved plans to raise Rs 3,000 crore through a qualified institutio..

Canara Bank raises Rs 2,000 crore via bonds

Canara Bank raises Rs 2,000 crore via bonds

Canara Bank has raised Rs 2,000 crore by issuing bonds to fund business growth.The fund has been rai..

RBI Governor rules out review of action against Paytm Payments Bank

RBI Governor rules out review of action against Paytm Payments Bank

Ruling out any review of the central bank’s action against Paytm Payments Bank, the Reserve Bank of ..

Retail inflation eases to 5.1% in January

Retail inflation eases to 5.1% in January

Retail inflation cooled to a three-month low of 5.1% in January amid lower food prices.Inflation bas..

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

The Reserve Bank of India (RBI) has lifted the ceiling on remuneration of non-executive directors in..

Lenders to disclose more loan details to retail, MSME borrowers

Lenders to disclose more loan details to retail, MSME borrowers

Consumers will get to know their actual cost of borrowing with the Reserve Bank of India (RBI) set t..

HDFC Bank raises MCLR

HDFC Bank raises MCLR

HDFC Bank has revised its marginal cost of funds-based lending rate (MCLR), with effect from 7 Febru..

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank has raised Rs 166.95 crore from anchor investors, a day ahead of its IPO ope..

IPO: Capital Small Finance Bank raises Rs 157 crore from anchor investors

IPO: Capital Small Finance Bank raises Rs 157 crore from anchor investors

Jalandhar-based Capital Small Finance Bank has raised Rs 156.92 crore from anchor investors a day be..

CAIT advises traders to switch from Paytm to other payment apps

CAIT advises traders to switch from Paytm to other payment apps

The Confederation of All India Traders (CAIT) has issued a cautionary advisory to traders to switch ..

SBI chairman Khara supports move to curb unsecured loan growth

SBI chairman Khara supports move to curb unsecured loan growth

The Reserve Bank of India’s cautionary remarks on unsecured lending by banks has found support in St..

SBI launches green FDs to raise funds for climate-friendly projects

SBI launches green FDs to raise funds for climate-friendly projects

State Bank of India (SBI) has launched a green rupee fixed-deposit scheme  to raise funds for f..

‘We wait for her to come on 15th of every month’

‘We wait for her to come on 15th of every month’

Burunda Pangi places her laptop on the top of a cemented, dried-up water tank. As the internet conne..