RBI fines HDFC over auto loan violations

RBI fines HDFC over auto loan violations

The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank for bundling a non..

Bank frauds 25% less in a year amidst Covid-19: RBI

Bank frauds 25% less in a year amidst Covid-19: RBI

Bank frauds in the Covid-19 pandemic year fell by 25% in value terms to Rs 1.38 lakh crore, accordin..

Banks can invoke personal guarantees of loan defaulters: SC

Banks can invoke personal guarantees of loan defaulters: SC

In what could lead to more bad loans getting resolved and speed up the process of recovery, the Supr..

Rise in home loan defaults

Rise in home loan defaults

There is a steady increase in home loan delinquency across all segments of ticket sizes and age grou..

AU Small Finance Bank Q4 net up 38% to Rs 169 cr

AU Small Finance Bank Q4 net up 38% to Rs 169 cr

AU Small Finance Bank reported a 38.1% jump in its net profit for the quarter ended March 2021 to Rs..

PNB launches QIP, eyes Rs 1,800 cr from the issue

PNB launches QIP, eyes Rs 1,800 cr from the issue

Punjab National Bank (PNB) is planning to raise up to Rs 1,800 crore by selling shares to institutio..

Amitabh Chaudhry gets 3 more years as Axis Bank head

Amitabh Chaudhry gets 3 more years as Axis Bank head

Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitab..

RBI orders forensic audit of Mobikwik systems

RBI orders forensic audit of Mobikwik systems

The Reserve Bank of India has directed Mobikwik, a digital wallet firm which is facing data breach a..

Shady loan apps could have money laundering angle

Shady loan apps could have money laundering angle

What do your preliminary investigations into the shady instant loan apps companies indicate?The Chin..

NBFC AUM expected to grow 7-9% in FY22: Icra

NBFC AUM expected to grow 7-9% in FY22: Icra

Non-banking finance companies (NBFCs) are likely to see a 7-9% growth in their asset under managemen..

Retail & home loans slow down, auto paces up

Retail & home loans slow down, auto paces up

Retail bank credit, the flagship segment of bank credit in India, is losing steam as the pandemic le..

RBI to tighten risk-based internal audit norms for NBFCs, UCBs

RBI to tighten risk-based internal audit norms for NBFCs, UCBs

Reserve Bank of India (RBI) will introduce a regulatory framework for non-banking financial companie..

RBI directs HDFC Bank to halt issue of credit cards, digital launches

RBI directs HDFC Bank to halt issue of credit cards, digital launches

The Reserve Bank of India has asked HDFC Bank to temporarily halt all launches of its digital busine..

SBI, NPCI & Japan's JCB launch RuPay contactless debit card

SBI, NPCI & Japan's JCB launch RuPay contactless debit card

State Bank of India, National Payments Corporation of India (NPCI) and JCB International Co., Ltd. (..

RBI's first-ever purchase of state govt bonds via auction on 22 Oct

RBI's first-ever purchase of state govt bonds via auction on 22 Oct

The Reserve Bank of India Friday said it will conduct the first ever purchase auction of state gover..