Govt cuts borrowing target in FY23 on tax mop up

Govt cuts borrowing target in FY23 on tax mop up

The Indian government has slashed its borrowing for FY23 by Rs 10,000 crore, partly helped by buoyan..

Personal loans catch up with industrial loans

Personal loans catch up with industrial loans

Personal loans have caught up with industrial loans and each enjoy nearly 27% credit share, RBI data..

Axis Bank to buy 9.94% stake in Go Digit Life Insurance

Axis Bank to buy 9.94% stake in Go Digit Life Insurance

Axis Bank has signed a non-binding term sheet to invest Rs 49.9-Rs 69.9 crore for a 9.94% stake in G..

Rupee sinks to all-time low of 81.67 against dollar

Rupee sinks to all-time low of 81.67 against dollar

The Indian rupee plunged to a new low of 81.67 against the US dollar while the Sensex, the stock mar..

Axis Bank, Samsung launch co-branded credit card

Axis Bank, Samsung launch co-branded credit card

Samsung and Axis Bank have partnered to launch a co-branded credit card, powered by Visa. The card w..

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra & Mahindra Financial Services (MMFS) expects repossession activity of vehicles to reduc..

India’s forex reserves dip to near two-year low; rupee breaches 81-mark

India’s forex reserves dip to near two-year low; rupee breaches 81-mark

India's foreign exchange reserves dropped to $545.652 billion in the week ended 16 September, the lo..

RBI bars Mahindra Finance from outsourcing loan recovery activity

RBI bars Mahindra Finance from outsourcing loan recovery activity

The Reserve Bank of India (RBI) today directed Mahindra & Mahindra Financial Services to immedia..

RBI cancels licence of Laxmi Co-op Bank

RBI cancels licence of Laxmi Co-op Bank

The Reserve Bank of India (RBI) today cancelled the licence of Maharashtra's Laxmi Co-operative Bank..

RBI lifts Central Bank of India out of PCA

RBI lifts Central Bank of India out of PCA

The Reserve Bank of India (RBI) has removed state-owned Central Bank of India from the prompt correc..

IBBI allows assets of stressed companies to be sold in parts

IBBI allows assets of stressed companies to be sold in parts

The Insolvency and Bankruptcy Board of India (IBBI) has allowed the part sale of assets of a company..

Companies flock back to banks for credit

Companies flock back to banks for credit

Something unusual happened in the sprawling loan market. HDFC Bank let go Rs 50,000 crore of wholesa..

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank’s board has approved the sale of stressed assets worth Rs 48,000 crore to JC Flowers ARC.Ye..

Banks to continue grabbing market share from housing finance companies

Banks to continue grabbing market share from housing finance companies

Banks will take away more home-loan market share from housing finance companies (HFCs) in FY23, a re..

Sanjay Khanna is American Express India CEO

Sanjay Khanna is American Express India CEO

American Express Banking Corp has appointed Sanjay Khanna as the chief executive officer and country..