Search result for 'lenders'

Vedanta to Acquire Jaiprakash Associates: Insolvency Deal

March 28, 2025 16:22

Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process. Adani Group has also submitted an EOI. Learn more about the deal and the implications...

SBI's Setty Elected Chairman of Indian Banks' Association

March 28, 2025 15:51

SBI's C S Setty elected as the chairman of Indian Banks' Association, with Union Bank of India, Punjab and Sind Bank, Bank of Bahrain and Kuwait, and Karur Vyasya Bank also holding key positions.

Bank of Baroda Launches PM-Vidyalaxmi Education Loan

March 27, 2025 16:50

Bank of Baroda has gone live with the PM-Vidyalaxmi Scheme, providing financial support to students for higher education. The scheme offers collateral-free loans and interest subventions for...

Bank of India & New India Assurance Partner for Insurance

March 27, 2025 16:38

Bank of India partners with New India Assurance to offer a wide range of general insurance products to its customers, including health, motor, and home insurance.

Luminous Power Partners SBI for Solar Financing

March 27, 2025 16:34

Luminous Power Technologies and SBI join forces to offer financing for solar installations, making clean energy more accessible. Loans up to ₹10 crore available for diverse customers.

Pakistan to Face More Taxes After IMF Deal

March 27, 2025 11:40

Pakistan agrees to new taxes, including a carbon levy and increased water prices, in exchange for a USD 1.3 billion IMF loan to address climate change and economic challenges.

NHIT Raises Rs 18,380 Crore via Asset Monetization

March 26, 2025 20:46

National Highways Infra Trust (NHIT) raises Rs 18,380 crore through asset monetization in the fourth round, making it the largest monetization transaction in the Indian roads sector.

Axis Bank Sells NHIT Stake for Rs 230 Crore

March 26, 2025 20:00

Axis Bank has divested its 1.3% stake in National Highways Infra Trust (NHIT) for Rs 230 crore through an open market transaction. NHIT, an InvIT sponsored by NHAI, was set up to support the...

Home Loan Volume Declines 9% in Q4: Report

March 26, 2025 17:49

Home loans saw a 9% decline in volume and 3% in value during the December quarter, according to a report by Transunion Cibil. The slowdown is attributed to factors including slower demand from new...

Adani Group to Acquire Jaiprakash Associates Through Insolvency

March 26, 2025 15:55

Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd (JAL) through insolvency proceedings. JAL, a company with diverse businesses including cement, power, and real estate, is...

Bandhan Bank Partners with Indian Air Force for Salary Accounts

March 26, 2025 13:25

Bandhan Bank has signed an MoU with the Indian Air Force to provide corporate salary accounts with zero balance savings, insurance, and attractive interest rates.

PwC to Submit IndusInd Bank Accounting Discrepancies Report

March 25, 2025 12:23

External auditor PwC is set to submit a report on accounting discrepancies in IndusInd Bank's derivatives portfolio, potentially impacting the bank's net worth. The report is expected to highlight...

Sensex Surges 1,078 pts to 6-Week High on FII Buying

March 24, 2025 16:55

The BSE Sensex surged by 1,078 points to close at a six-week high on Monday, driven by FII buying and gains in banking and oil & gas shares.

IOB Issues Show Cause Notice to IL&FS Engineering

March 24, 2025 16:15

Indian Overseas Bank (IOB) has issued a show cause notice to IL&FS Engineering Services for classifying its loan account as a suspicious fraud account. The company claims the irregularities were...

Public Sector Bank Dividends Rise 33% in FY24

March 23, 2025 12:21

Public sector banks in India saw a 33% increase in dividend payouts to Rs 27,830 crore in FY24, indicating improved financial health. The government received Rs 18,013 crore of this dividend.

IMF Pushes for Rs 15 Trillion Tax Target in Pakistan Budget

March 22, 2025 18:53

The IMF has proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, aiming to increase the tax-to-GDP ratio to 13%. The decision comes after the IMF urged Pakistan to refrain...

Pakistan & IMF Near Loan Deal: USD 7 Billion Package Update

March 21, 2025 18:30

Pakistan is optimistic about receiving the next tranche of a USD 7 billion loan package from the IMF as talks approach conclusion. Finance Minister Aurangzeb highlights the country's commitment to...

IndusInd Bank Investigates Accounting Discrepancies

March 21, 2025 10:40

IndusInd Bank appoints a firm to investigate accounting discrepancies in its derivatives portfolio, impacting 2.35% of net worth. The bank is assessing the impact and identifying the root cause.

Indian Bank to Raise Rs 5,000 Cr via Infra Bonds

March 20, 2025 22:03

Indian Bank plans to raise Rs 5,000 crore through long-term infrastructure bonds to fund infrastructure projects. The move follows a strong demand for such bonds from domestic investors.

Bandhan Bank Partners with Salesforce for Lending Efficiency

March 20, 2025 16:54

Bandhan Bank collaborates with Salesforce to enhance lending efficiency in housing and commercial advances through an AI-powered platform, improving customer experience and driving digital...

AI to Transform Jobs: Arundhati Bhattacharya

March 20, 2025 15:45

Arundhati Bhattacharya, Salesforce CEO (South Asia), highlights the impact of AI on jobs, emphasizing the need for reskilling and embracing change. She discusses the evolution of AI and its...

AI Drives Bajaj Fin''s Loan Growth: 10,000 Loans/Month

March 19, 2025 22:05

Bajaj Finserv uses AI for customer outreach, loan underwriting, and even handles 10,000 loans/month, showcasing the tech''s impact. Sanjiv Bajaj discusses AI''s role and future...

IIHL Takes Control of Reliance Capital, New Board Appointed

March 19, 2025 18:44

IndusInd International Holdings Ltd (IIHL) has taken control of Reliance Capital, completing a three-year resolution process. The company plans to establish bancassurance ties and implement...

Aakash Founder Challenges Governance Changes: NCLT Hearing

March 18, 2025 22:24

Aakash Educational Services founder Jagdish Chand Chaudhry has challenged changes in the company's governance norms at the NCLT. The case involves a complex ownership structure and disputes over...

IndusInd Bank Promoters To Up Stake Amidst Loss: Hinduja

March 18, 2025 21:55

IndusInd Bank's promoters, Hinduja Group, are looking to increase their stake despite a recent accounting discrepancy that led to a loss in net worth. The bank's CEO received a one-year extension,...

IIHL Completes Reliance Capital Acquisition: Management Transfer on Wed

March 18, 2025 19:40

IndusInd International Holdings Ltd (IIHL) has completed the acquisition of Reliance Capital (RCAP), with management transfer scheduled for Wednesday. The transaction involved transferring the...

Barclays Invests Rs 2,300 Cr in India Operations

March 18, 2025 15:43

Barclays Bank announces a Rs 2,300 crore capital infusion into its India operations, strengthening its balance sheet and expanding its reach to a wider client base.

True North Leads Rs 245 cr Fund Raise for Nivara Home Fin

March 17, 2025 22:14

True North led a Rs 245 crore fundraising by Nivara Home Finance, with Baring PE India and promoters also participating. The investment aims to support Nivara's expansion plans and enhance its...

PC Jeweller Settles Rs 1510 Cr Debt with Share Allotment

March 17, 2025 21:48

PC Jeweller board approves allotment of 51.71 crore shares to 14 banks to settle Rs 1,510 crore debt through a preferential issue.

PSBs Capacity Building, Capital Raising: DFS Secy

March 17, 2025 21:03

DFS Secy Nagaraju emphasizes capacity building, timely capital raising, and efficient resource allocation for PSBs, urging collaboration in areas like cybersecurity and fintech.

McLeod Russel Debt Transferred to NARCL at 36% Discount

March 16, 2025 19:37

McLeod Russel India Limited's Rs 1,104.69 crore debt has been transferred to NARCL for Rs 700 crore, representing a 36% haircut. The debt transfer aims to help the tea producer restructure and...

Karur Vysya Bank Expands Branch Network to 880

March 16, 2025 16:06

Karur Vysya Bank expands its branch network to 880 with new branches in Andhra Pradesh, Karnataka, and Vellore, offering a full range of banking services. The bank reported a total business of Rs...

IMF Satisfied with Pakistan's Economic Measures - Latest Updates

March 15, 2025 10:59

The IMF mission in Pakistan has expressed satisfaction with the country's progress on the USD 7 billion loan program, with discussions underway for a new Resilience and Sustainability Facility...

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

March 13, 2025 22:18

The ICAI may review IndusInd Bank's financial statements after discrepancies in accounting to the tune of Rs 2,100 crore were found. The bank's derivatives portfolio is under scrutiny for a...

Satin Creditcare Secures USD 100 Million Loan

March 13, 2025 15:22

Satin Creditcare Network Ltd has raised USD 100 million in a syndicated social loan from Standard Chartered Bank and six Sri Lankan banks, aiming to expand financial services in underbanked regions.

Jaiprakash Associates Debt Transferred to NARCL

March 12, 2025 22:06

Jaiprakash Associates Ltd has transferred its outstanding loans to National Asset Reconstruction Company Ltd (NARCL) as part of its insolvency process. The consortium of lenders includes SBI, ICICI...

Aster DM Healthcare Promoters Reduce Share Pledge After Debt Refinancing

March 12, 2025 13:23

Aster DM Healthcare promoters have reduced their share pledge to 41% after completing a debt refinancing transaction from top-tier global financial institutions.

GLAS Trust Moves NCLAT for Stay on Byju's AoA Amendments

March 11, 2025 22:30

GLAS Trust, a US-based lender to Byju's, has filed a petition in the NCLAT seeking a stay on amendments to the AoA of Aakash Educational Services, arguing they impact the CIRP process. The NCLAT...

NBFCs Seek EV Finance Incentives Like FAME, PLI

March 11, 2025 22:12

NBFCs urge the government to implement FAME and PLI-like schemes to incentivize electric vehicle financing in India, citing challenges such as lack of standardized battery assessments and...

SBI UPI, Mobile Banking Outage Resolved: Bank Apologizes

March 11, 2025 20:33

SBI customers experienced a major outage affecting UPI and mobile banking services for over four hours. The bank has confirmed the issue is resolved.

IndusInd Bank Hit by Rs 2,100 Cr Accounting Lapse: Shares Tank 27%

March 11, 2025 17:42

IndusInd Bank reports a Rs 2,100 crore accounting discrepancy in its derivatives portfolio, impacting its net worth. The bank assures adequate reserves but shares plummet 27%.

Fitch Affirms Union Bank, PNB Ratings at BBB- with Stable Outlook

March 11, 2025 17:26

Fitch Ratings affirms Union Bank of India and Punjab National Bank ratings at 'BBB-' with stable outlook, citing government support, improved risk profile and asset quality.

IndusInd Bank Stock Plunges 23%, Hits 52-Week Low

March 11, 2025 11:04

IndusInd Bank shares tanked 23% on Tuesday after the lender reported discrepancies in its derivatives portfolio, impacting its net worth. The stock hit a 52-week low.

IndusInd Bank Stock Drops 4% After CEO Extension

March 10, 2025 18:05

IndusInd Bank shares fell sharply after the RBI granted a one-year extension to CEO Sumant Kathpalia, raising concerns about leadership continuity. Read more.

Jaiprakash Associates Must Be Sold as One Unit: NCLT

March 10, 2025 16:08

NCLT rules Jaiprakash Associates must be sold as a whole entity during insolvency proceedings, rejecting the option of dividing assets. The tribunal emphasizes the importance of the company being...

Capital Infra Trust Raises Rs 2,363 Cr Through Debt Securities

March 10, 2025 15:45

Capital Infra Trust, an infrastructure investment trust, has raised Rs 2,363 crore through debt securities to strengthen its financial position. The funds will be used to refinance existing loans...

IMF Stresses Sri Lanka's Reform Agenda - PTI

March 8, 2025 18:42

The IMF has stressed the need for Sri Lanka to sustain its reform agenda linked to the global lender's bailout program, focusing on sustainable and equitable growth.

SBI Launches Collateral-Free Loans for Women Entrepreneurs

March 7, 2025 20:46

SBI introduces 'Asmita', a collateral-free loan with low interest rates designed to empower women entrepreneurs in India. This initiative aims to address the low business borrowing by women,...

Axis Bank Finances Air India's Training Aircraft | GIFT City

March 7, 2025 20:41

Axis Bank's GIFT City branch provided financing for Air India's purchase of 34 training aircraft, marking a significant milestone in India's aviation finance sector.

US Tariffs Impact on Indian Exports: EXIM Bank

March 7, 2025 20:24

EXIM Bank official warns of potential impact on Indian exports to US due to tariffs. The bank has provided inputs to the government on the potential consequences.

Women Borrowers Outpace Men in 2024: Report

March 6, 2025 18:46

A new report reveals women borrowers outpaced men in 2024, demonstrating better repayment behavior and higher growth in active loans. Learn more about the trends in women's borrowing and lending.

Deposit Insurance Hike: Impact on Banks' Profits

March 5, 2025 17:46

Icra predicts potential impact on banks' profits due to a proposed increase in deposit insurance limits beyond Rs 5 lakh, citing the recent New India Cooperative Bank failure.

RBL Bank Offices Searched by GST Authorities in Maharashtra

March 4, 2025 16:46

GST authorities conducted searches at three offices of RBL Bank in Maharashtra. The bank is cooperating fully with the authorities. RBL Bank shares closed down 0.29% on Tuesday.

New India Bank Ex-Directors Claim Unaware of Rs 122 Crore Embezzlement

March 3, 2025 21:40

Former directors of New India Cooperative Bank claim ignorance about the Rs 122 crore embezzlement, while the EOW investigates the fraud and arrests key suspects.

Empathy Key for Distressed MSMEs: RBI to Lenders

March 3, 2025 21:27

RBI Deputy Governor stresses empathy for distressed MSMEs, urging lenders to adopt fair practices and digital solutions to address credit gaps.

RBI Fines Magadh Bank Rs 1 Lakh for KYC Violation

March 3, 2025 21:20

The Reserve Bank of India has imposed a Rs 1 lakh penalty on Magadh Central Co-operative Bank for failing to comply with KYC guidelines. The bank did not conduct periodic reviews of customer risk...

Naveen Jindal Group Acquires Bhadreshwar Vidyut for Rs 500 cr

March 3, 2025 17:39

Jindal Power to acquire Bhadreshwar Vidyut for Rs 500 crore, adding 300 MW to its thermal power portfolio, expanding its presence in Gujarat and bolstering its power generation capacity.

IMF Mission Begins Pakistan Loan Review, Govt Optimistic

March 3, 2025 14:41

An IMF mission has begun a review of Pakistan's USD 7 billion loan, with the government optimistic about securing a USD 1.1 billion tranche.

Google Builds Digital Agri Stack for India Using Satellite Data

March 1, 2025 16:00

Google is building a digital agri-stack for India using satellite imagery to identify farm boundaries, enabling better subsidy payments, farm insurance, and loans.

IMF Releases Fourth Tranche of Sri Lanka Bailout

March 1, 2025 10:51

The IMF has released the fourth tranche of its USD 2.9 billion bailout package to Sri Lanka, bringing total funding to USD 1.3 billion. The move aims to strengthen the island nation's recovery from...

Madhabi Puri Buch Steps Down as Sebi Chief After Controversial Tenure

February 28, 2025 09:33

Madhabi Puri Buch, India's first woman Sebi Chief, completes her 3-year tenure amidst controversies surrounding Hindenburg allegations and employee protests. Learn about her career and the key...

World Bank Bullish on Indian Economy: Invest Now

February 26, 2025 17:12

World Bank reaffirms confidence in India's economic potential despite growth fluctuations. Invest in India's shining light, says World Bank country director.

RCAP Ownership Transfer to IIHL: NCLT Sets March 12 Deadline

February 26, 2025 15:40

NCLT directs lenders and monitoring committee to complete all procedural issues by March 12 for Reliance Capital's ownership transfer to IndusInd International Holdings Limited (IIHL).

Bihar SHG Plus: Empowering Rural Women

February 26, 2025 12:25

Bihar's SHG Plus model empowers rural women through financial inclusion, helping them build homes, educate children and secure their futures.

MFI Portfolio De-grows 3.53% in Q3, Asset Quality Stressed

February 25, 2025 20:22

Microfinance outstanding declined by 3.53% in Q3, with asset quality stress intensifying, as per MFIN report. Loan slippages are expected to peak, and liquidity and credit quality are expected to...

RBI Lowers Risk Weight for NBFC, Microfinance Loans - Boosting Credit

February 25, 2025 19:53

The Reserve Bank of India (RBI) has lowered risk weights for bank finance to NBFCs and microfinance loans, a move that will unlock more funds and boost credit. This decision follows a slowdown in...

New India Coop Bank Fraud: Auditors Summoned, Rs 122 Crore Embezzlement Probe

February 25, 2025 19:19

Mumbai Police's EOW is investigating the Rs 122 crore embezzlement at New India Cooperative Bank. Auditors of the bank have been summoned to record statements as part of the investigation.

SBI Pitch for Bank Equity Support to Startups | Setty

February 25, 2025 18:51

SBI Chairman C S Setty proposes an ecosystem for banks to offer equity support to startups, including a potential government guarantee scheme for loans up to Rs 100 crore. Learn more about SBI's...

Renewable Energy Finance: India Aims for 500 GW by 2030

February 24, 2025 21:20

India's renewable energy target of 500 GW by 2030 requires Rs 32 lakh crore investment. Union Minister Pralhad Joshi calls for a national movement to mobilize finance and outlines key strategies.

RBI Eases Norms for Urban Co-op Banks

February 24, 2025 20:51

The Reserve Bank of India has revised prudential norms for Urban Co-operative Banks (UCBs), giving them greater operational flexibility. The new rules increase the limit for housing loans and...

Byju's NCLT Approves Shailendra Ajmera as Resolution Professional

February 24, 2025 20:47

The National Company Law Tribunal (NCLT) has approved the appointment of Shailendra Ajmera as the resolution professional of Byju's, replacing Pankaj Shrivastava. The decision comes as the edtech...

Standard Chartered Opens Priority Centers in India

February 24, 2025 20:28

Standard Chartered Bank is opening priority centers in 10 Indian cities by 2025 to cater to high net-worth clients. These centers will offer specialized services to affluent customers.

Moneyboxx Finance AUM Rises 56% to Rs 837 Cr

February 24, 2025 16:44

Moneyboxx Finance reports 56% AUM growth to Rs 837 crore, driven by branch expansion and secured lending. The company also strengthened its capital position with an equity raise.

SBI Targets Net-Zero by 2055: Chairman Setty

February 23, 2025 17:09

State Bank of India (SBI) aims to achieve Net-Zero emissions by 2055, coinciding with its centenary year, according to Chairman C S Setty. The announcement was made during the launch of the SBI...

Bank of Maharashtra Cuts Retail Loan Interest Rates

February 23, 2025 13:19

Bank of Maharashtra has reduced interest rates on retail loans, including home and car loans, following RBI's repo rate cut. The move aims to offer competitive financing solutions to customers.

RBI Abolishes Pre-Payment Levy on Business Loans for Individuals & MSEs

February 21, 2025 21:22

The Reserve Bank of India proposes to eliminate foreclosure charges on floating rate loans for individuals and MSEs, promoting transparency and customer choice in the lending market.

Redington Offers iPhone 16e at 7,000 Stores

February 21, 2025 19:09

Redington will offer the new Apple iPhone 16e at over 7,000 retail locations across India. Pre-orders start February 21st, with availability on February 28th. Learn more about the iPhone 16e and...

BOI Reports Rs 226.84 cr Loan Fraud by Gupta Power Infrastructure

February 21, 2025 16:27

Bank of India (BOI) has reported a fraud of Rs 226.84 crore by Gupta Power Infrastructure Ltd, declaring it as a Non Performing Asset (NPA). The bank has made provisions of Rs 212.62 crore against...

RBI Warns of Reckless Financialization, Urges Entities to Guard Against Risks

February 21, 2025 13:00

Reserve Bank of India's Deputy Governor warns of risks associated with unsecured lending and derivatives euphoria, urging financial entities to ensure customer understanding and financial literacy.

Kotak Mahindra Bank Announces Senior Appointments

February 20, 2025 21:21

Kotak Mahindra Bank announces senior-level appointments, with Vyomesh Kapasi moving to head of products in the consumer bank. Shahrukh Todiwala replaces Kapasi at Kotak Mahindra Prime.

Bandhan Bank Expands: 9 New Branches Across 3 States

February 20, 2025 20:47

Bandhan Bank opens nine new branches in West Bengal, Uttar Pradesh, and Maharashtra, bringing its total network to over 6,300 outlets. The expansion strengthens its presence in key markets for...

Vedanta Shares Surge 3% After Demerger Approval

February 20, 2025 17:50

Vedanta Ltd shares climbed after shareholders and lenders approved splitting the company into five independent entities. Market valuation jumped by Rs 3,969 crore.

Vedanta Demerger Approved by Shareholders and Creditors

February 20, 2025 09:57

Vedanta Ltd. shareholders and creditors have approved the demerger of the company into five independent, sector-specific companies. The demerger will create five independent companies focused on...

New India Co-op Bank Fraud: Ex-CEO Quizzed by EOW

February 19, 2025 22:46

Mumbai Police's Economic Offences Wing (EOW) has recorded the statement of a former CEO of New India Co-Operative Bank in connection with a Rs 122-crore fraud case. The EOW is investigating the...

HSBC India Profit Soars 11% to USD 1.69 Billion in 2024

February 19, 2025 18:22

HSBC India's pre-tax profit grew by 11.27% to USD 1.688 billion in 2024, driven by strong performance in global banking and markets. Read more about HSBC's India operations.

Karnataka Bank Requests RBI to Reverse $18.87 Million UPI Transaction

February 17, 2025 22:25

Karnataka Bank has identified suspicious cross-border UPI transactions totaling Rs 18.87 crore and has requested the RBI to reverse the transactions. The bank has taken steps to prevent future...

Sri Lanka Budget: 5% Growth Projected in 2025, Debt Repayment Plan Unveiled

February 17, 2025 15:57

Sri Lanka's new government has presented its first budget, projecting 5% economic growth in 2025 and outlining a plan for gradual debt repayment starting in 2028. The budget also includes a phased...

Deposit Insurance Limit Hike Under Consideration: Govt

February 17, 2025 15:37

India's government is considering raising the deposit insurance limit beyond Rs 5 lakh following the New India Co-operative Bank scam. The decision is under active consideration and will be...

Mumbai Police Question New India Coop Bank GM for Rs 122 Cr Misappropriation

February 15, 2025 16:06

Mumbai police are questioning New India Cooperative Bank's General Manager for allegedly embezzling Rs 122 crore of the bank's funds. The RBI has superseded the bank's board and appointed an...

New India Coop Bank Manager Accused of Embezzling Rs 122 Crore

February 15, 2025 12:38

The General Manager of New India Cooperative Bank and associates are accused of embezzling Rs 122 crore, leading to restrictions on the bank by RBI. The case is now with the EOW.

Northern Arc Q3 Profit Flat at Rs 76 Crore - Business News

February 14, 2025 20:05

Northern Arc Capital reported a flat consolidated net profit of Rs 76 crore in Q3 FY2025, with total income rising to Rs 581 crore. The lender's gross NPAs stood at 0.9% and net NPAs at 0.37% as of...

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

February 14, 2025 19:32

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are...

RBI Fines Nainital Bank & Ujjivan SFB Rs 68 Lakh for Regulatory Violations

February 14, 2025 18:24

The Reserve Bank of India has imposed penalties totaling Rs 68.1 lakh on Nainital Bank and Ujjivan Small Finance Bank for contraventions of regulatory norms. The penalties were imposed for...

RBI Takes Over New India Co-op Bank: Board Superseded

February 14, 2025 16:40

The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance standards. The bank faces restrictions on withdrawals and loan issuance.

UGRO Capital Raises Rs 260 Cr From Dutch Lender FMO

February 13, 2025 20:43

Non-bank lender UGRO Capital secured Rs 260 crore from Dutch lender FMO through a non-convertible debenture issue. The funds will be used for women's empowerment, addressing territorial...

Shriram Finance Raises USD 500mn via ECB for Growth

February 13, 2025 19:21

Shriram Finance secures USD 500 million via ECB, the largest SACE-covered loan for an NBFC in India. This funding will fuel business growth and strengthen financial inclusion.

SIDBI & AFD Partner for USD 100 Million Green Finance

February 12, 2025 19:32

SIDBI and France's AFD have partnered to provide a USD 100 million credit line for Indian MSMEs to invest in sustainable energy and climate-friendly practices.

IMF Positive on Pakistan's Electricity Price Plan - PM Sharif

February 12, 2025 18:39

Pakistan's PM Shehbaz Sharif met with the IMF chief, who expressed positivity towards Pakistan's proposal to lower electricity prices, highlighting the government's commitment to economic reforms.

RBI Lifts Curbs on Kotak Mahindra Bank: Credit Card Issuance Resumes

February 12, 2025 18:04

The Reserve Bank of India has lifted restrictions on Kotak Mahindra Bank, allowing it to resume onboarding new customers and issuing fresh credit cards. The decision comes after the bank...

Vodafone Idea Q3 Loss Narrows to Rs 6,609.3 cr | ARPU Rises

February 11, 2025 20:06

Vodafone Idea reported a narrowed loss of Rs 6,609.3 crore for the December quarter, with revenue exceeding Rs 11,000 crore and ARPU rising to Rs 173. The company is investing heavily in 5G and...

IIHL to Acquire Reliance Capital by Feb 26: NCLT Approves

February 10, 2025 21:16

IndusInd International Holdings Limited (IIHL) is set to acquire Reliance Capital by February 26, 2025, after the National Company Law Tribunal (NCLT) approved the acquisition. The move aims to...

Jaypee Infra Gets RERA Revalidation for 7 Stalled Projects

February 10, 2025 17:32

Suraksha Group-controlled Jaypee Infratech Ltd has received RERA registration revalidation for 7 stalled projects in Delhi-NCR, enabling construction resumption and delivery to homebuyers.

NCLAT Directs NCLT to Decide on BCCI-Byju's Settlement

February 8, 2025 14:15

NCLAT has ordered NCLT to decide on BCCI's settlement with Byju's within a week. The decision comes after a dispute over the Committee of Creditors (CoC) and the reinstatement of Glas Trust and...

RBI Cuts Interest Rate to Spur Growth: Bankers

February 7, 2025 19:58

Bankers welcome RBI's 25 basis point rate cut, predicting it will boost growth and complement the budget's focus on consumption and capex.

Kotak Family Buys 12 Flats in Worli Sea Face for Rs 202 Cr

February 6, 2025 20:58

Billionaire Uday Kotak and his family have purchased 12 luxury apartments in Mumbai's Worli Sea Face for Rs 202 crore, marking one of the most expensive real estate deals in the country.

CRISIL Upgrades Adani Green Energy Asset Outlook

February 6, 2025 18:21

Crisil Ratings has revised the outlook for Adani Green Energy's three assets to 'Positive', reflecting strong revenue visibility and timely refinancing. This follows scrutiny after US bribery...

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

February 6, 2025 18:19

State Bank of India (SBI) reported a strong 84% jump in its December quarter net profit, driven by a lower base and robust loan growth. However, NIMs narrowed slightly.

SBI Q3 Profit Surges 84% to Rs 16,891 Cr

February 6, 2025 14:33

SBI reports an 84% jump in standalone net profit to Rs 16,891 crore in Q3 FY24, driven by strong growth in interest income and improvement in asset quality. The bank's gross NPAs moderated to 2.07%...

World Bank To Increase Maharashtra Investment: Focus on Cities, Water & Healthcare

February 4, 2025 18:33

The World Bank aims to increase its commitment to Maharashtra, focusing on urban development, water & sanitation, infrastructure, and healthcare. The bank also discussed flood resilience...

L V Prabhakar Appointed to IBBI | India News

February 3, 2025 19:19

The Indian government has appointed L V Prabhakar, former Canara Bank CEO, as a part-time member of the Insolvency and Bankruptcy Board of India (IBBI).

Budget Boosts Bank Deposits by Rs 45,000 Cr

February 3, 2025 19:12

India's 2025 budget proposes tax changes that could lead to Rs 45,000 crore in additional bank deposits, with tax cuts and TDS adjustments impacting both senior citizens and general individuals.

Govt Announces SWAMIH Fund-2 for Stalled Housing Projects

February 1, 2025 12:52

India's Finance Minister announces a new Rs 15,000 crore SWAMIH Fund-2 to complete 1 lakh homes in stalled housing projects, providing relief to homebuyers.

Bandhan Bank Q3 Profit Dips 42% to Rs 426 Cr

January 31, 2025 20:04

Bandhan Bank's net profit fell 42% in Q3 FY23 to Rs 426 crore, impacted by accounting changes and provisions for bad loans. Read more.

Busy Bee Airways to Acquire Go First, NCLAT Hearing

January 31, 2025 18:44

Busy Bee Airways aims to acquire Go First as a going concern and will reach out to lenders. NCLAT hears petitions challenging Go First's liquidation.

Vedanta Demerger Delayed to June-July: Key Details

January 31, 2025 17:43

Vedanta Ltd. has pushed back its demerger to June-July. The company's shareholders and creditors will meet next month to decide on the proposal, which will see its various business verticals become...

India Budget 2025: Experts Expect Incentives, Fiscal Prudence

January 30, 2025 21:20

Experts anticipate the Indian Budget 2025 will focus on boosting growth with tax incentives and infrastructure investments, while maintaining fiscal responsibility. Key sectors like housing,...

Pakistan's IMF Program: USD 100 Billion Financing Needs

January 30, 2025 17:17

Pakistan faces USD 100 billion external financing needs and cannot afford to exit the IMF program. The country relies heavily on foreign creditors and struggles to meet tax targets.

Vedanta Appoints Deshnee Naidoo as CEO for Growth

January 29, 2025 18:16

Vedanta Resources appoints Deshnee Naidoo as its first CEO to lead a new growth phase, focusing on becoming a $100 billion critical minerals, energy and technology company.

Union Bank of India to Raise Rs 20,000 Cr for Infrastructure

January 29, 2025 18:10

Union Bank of India plans to raise Rs 20,000 crore through long-term bonds to finance infrastructure and affordable housing projects. The bank also plans to issue green/sustainable bonds.

Federal Bank Q3 Profit Down 5% to Rs 955 Crore

January 27, 2025 22:07

Federal Bank's net profit fell 5% to Rs 955 crore in Q3 FY25, while total income rose to Rs 7,725 crore. The bank also reported improved asset quality with a decline in NPAs.

Piramal Enterprises Q3 Profit: Rs 39 cr, RBI Approves Name Change

January 27, 2025 18:03

Piramal Enterprises reported a net profit of Rs 39 crore in Q3, a turnaround from last year's loss. RBI has approved the name change of Piramal Capital & Housing Finance to Piramal Finance, paving...

IDFC First Bank Shares Plunge 8% After Disappointing Earnings

January 27, 2025 11:41

IDFC First Bank shares hit a 52-week low after reporting a 53% decline in net profit for the December quarter due to increased provisions for loan slippages.

ICICI Bank Shares Surge 2% on Strong Q3 Earnings

January 27, 2025 11:25

ICICI Bank shares climbed over 2% on Monday after the private lender reported a 15% rise in standalone net profit for the December quarter, driven by core income growth.

ICICI Bank Stock Rises 2% on Q3 Earnings

January 27, 2025 11:21

ICICI Bank shares surged over 2% on Monday after the private lender reported a 15% rise in standalone net profit for the quarter ended December, driven by growth in core income.

NCLAT Overturns Penalty on Mudra Denim Lenders

January 26, 2025 18:43

The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty imposed on lenders of Mudra Denim for delays in the insolvency process, stating there was no laxity on their part. The...

Power Producers Face Rs 1,000 Cr Loss Over CERC Infirm Power Norm

January 26, 2025 14:00

Power producers are facing a potential Rs 1,000 crore loss due to CERC's new norm of not paying for infirm power before commercial operation, leading to financial constraints and impacting the...

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 Cr

January 25, 2025 20:59

ICICI Bank's standalone net profit rose 15% to Rs 11,792 crore in Q3 FY25, driven by improved interest income and core operating profit. Asset quality also improved.

IDFC First Bank Q3 Profit Drops 53% on Higher Provisions

January 25, 2025 17:45

IDFC First Bank reported a 53% decline in net profit for the third quarter ended December 2024, driven by increased provisions due to higher loan slippages. Total income rose, but asset quality...

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr

January 25, 2025 15:02

ICICI Bank reported a 15% increase in standalone net profit for Q3 FY2025, reaching Rs 11,792 crore. The bank's asset quality improved, with gross NPAs falling to 1.96%.

SWAMIH Fund Completes 50,000 Homes: Milestone in Affordable Housing

January 24, 2025 19:20

The SWAMIH investment fund, aimed at debt financing of stressed housing projects, has completed 50,000 homes since its inception in 2019.

Ujjivan Small Finance Bank Stock Drops After Q3 Earnings

January 24, 2025 18:52

Ujjivan Small Finance Bank shares fell over 4% after reporting a 64% decline in net profit for the third quarter, driven by rising provisions for bad loans. Learn more.

PC Jeweller Settles Sebi Case for Rs 7.23 Crore

January 24, 2025 18:37

PC Jeweller Ltd has settled a Sebi case related to non-disclosure of loan default information, paying Rs 7.23 crore. The case involved allegations of failing to disclose or delaying information...

Bank of India Q3 Profit Jumps 35% to Rs 2,517 Cr

January 24, 2025 17:50

Bank of India's net profit surged by 35% to Rs 2,517 crore in Q3 FY25, driven by lower bad loans. Total income rose to Rs 19,957 crore.

Ujjivan Small Finance Bank Q3 Profit Down 64% to Rs 109 cr

January 23, 2025 20:19

Ujjivan Small Finance Bank's Q3 net profit fell 64% to Rs 109 crore due to higher bad loan provisions. Total income rose to Rs 1,763 crore. The bank's asset quality deteriorated with NPAs rising...

Bank of India to Raise Rs 5,000 Cr via Infra Bonds

January 23, 2025 19:03

Bank of India plans to raise Rs 5,000 crore through infrastructure bonds in Q4 FY25, seeking to capitalize on investor interest and avoid regulatory reserves.

Kotak Mahindra Bank Acquires StanChart's Rs 3,330 cr Personal Loan Portfolio

January 23, 2025 17:40

Kotak Mahindra Bank has completed the acquisition of a Rs 3,300 crore personal loan portfolio from Standard Chartered Bank India. The acquisition comes at a time when the regulator has been...

HDFC Bank Q3 Profit Up 2.3%, Loan Growth Slows

January 22, 2025 20:03

HDFC Bank's Q3 profit rose 2.3% to Rs 17,657 crore, but loan growth slowed. The bank is focusing on strengthening its balance sheet and growing retail assets.

HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr

January 22, 2025 16:46

HDFC Bank reported a marginal rise in net profit for the third quarter of FY25, reaching Rs 16,736 crore. Total income also increased, but consolidated income declined. The bank's asset quality...

Avaada Group Secures Rs 8,500 Crore for 9 Renewable Energy Projects

January 22, 2025 14:59

Avaada Group secures Rs 8,500 crore in financing for 9 renewable energy projects, including solar, agri-PV, and green hydrogen initiatives. The funding comes from leading banks and financial...

South Indian Bank Q3 Profit Rises 12% to Rs 341 cr

January 21, 2025 19:45

South Indian Bank reported a 12% rise in December quarter net profit to Rs 341.87 crore, driven by strong loan growth and stable net interest margins. The bank's gross non-performing assets ratio...

UCO Bank to Raise Rs 2,000 Cr via QIP This Quarter

January 21, 2025 18:37

UCO Bank plans to raise Rs 2,000 crore through a Qualified Institutional Placement (QIP) this quarter to comply with Sebi's minimum public shareholding norms. The bank aims to reduce the...

UCO Bank Q3FY'25 Net Profit Rises 27% to Rs 638.8 Crore

January 21, 2025 14:47

UCO Bank reported a 27.1% YoY increase in net profit to Rs 638.83 crore for Q3FY'25. Total income grew 15.5% to Rs 7,405.89 crore. Asset quality improved with gross NPA ratio declining to 2.91%.

UCO Bank Q3 Profit Surges 27% to Rs 639 Cr

January 21, 2025 14:42

UCO Bank's net profit for Q3 FY25 jumped 27% to Rs 639 crore, driven by strong operating performance and improved asset quality. The bank's gross NPAs declined to 2.91% and net NPAs to 0.63%.

TCS Opens 4th Delivery Center in Toulouse, France

January 20, 2025 18:00

TCS has opened its fourth delivery center in Toulouse, France, focusing on aerospace and related industries. The center will leverage AI, GenAI, ML, and data analytics to serve customers.

IOB Q3 Profit Jumps 21% on Lower Bad Loans

January 20, 2025 14:55

Indian Overseas Bank (IOB) reported a 21% increase in net profit to Rs 874 crore for Q3 FY25, driven by a decline in bad loans. Gross NPAs fell to 2.55% from 3.90% a year ago.

Kotak Mahindra Bank Shares Surge 10% Post Earnings

January 20, 2025 10:30

Kotak Mahindra Bank shares jumped nearly 10% after the firm reported a 10% rise in consolidated net profit for the October-December quarter, driven by strong performance from capital markets-linked...

RBL Bank Q3 Profit Plunges on MFI Loan Reversals

January 18, 2025 19:55

RBL Bank's net profit plummeted in Q3 due to loan reversals in the microfinance portfolio. The bank's net interest margin also declined, and slippages on the MFI book zoomed.

Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear

January 18, 2025 19:35

Kotak Mahindra Bank reported a 10% rise in Q3 profit, driven by capital markets arms. The bank is making progress on RBI's business restrictions, but there's no word on when the embargo will be...

Kotak Mahindra Bank Q3 Profit Rises 10% to Rs 4,701 Cr

January 18, 2025 19:21

Kotak Mahindra Bank's net profit for the December quarter rose by 10.22% to Rs 4,701 crore, driven by strong revenue growth. Read more about the bank's financial performance.

SBI Nifty Bank Index Fund Launched by SBI Mutual Fund

January 17, 2025 21:33

SBI Mutual Fund launches the SBI Nifty Bank Index Fund, an open-ended scheme tracking Nifty Bank Index. The NFO period is from Jan 20 to Jan 31, with a minimum investment of Rs 5,000.

HSBC to Open 20 New Branches in India

January 17, 2025 21:20

HSBC is expanding its India presence with 20 new branches, focusing on international wealth and premier banking. The bank received RBI approval for locations like Dehradun, Faridabad, Indore, and...

Axis Bank Shares Plunge 5% After Earnings Miss

January 17, 2025 16:33

Axis Bank shares tumbled nearly 5% after its December quarter earnings failed to meet market expectations. The bank's net profit grew 4%, but asset quality pressures from the retail segment...

IIFL Finance Raises USD 325 Million via Global Bond

January 17, 2025 14:08

IIFL Finance secures USD 325 million through international bond issuance, paying a coupon rate of 8.75% for a 3.5-year tenor. The proceeds will be used for on-lending to support the company's growth.

Vedanta Demerger Vote: Shareholders, Creditors to Decide on Feb 18

January 17, 2025 13:10

Vedanta shareholders and creditors will vote on Feb 18 on a demerger plan that will create six independent companies. The plan has been revised to retain the base metals undertaking within the...

BPCL Secures Rs 31,802 Cr for Bina Refinery Expansion

January 17, 2025 12:31

BPCL has achieved financial closure for its Bina refinery expansion and petrochemical project, securing Rs 31,802 crore from a consortium of lenders led by SBI. The project aims to increase...

Sebi Bans Pacheli Industrial Finance, 6 Others for Financial Misconduct

January 17, 2025 11:53

Sebi has barred Pacheli Industrial Finance and 6 others from the securities market for alleged financial irregularities and stock manipulation. The regulator found evidence of round-tripping and a...

NCLAT Restores IFIN's Rs 593 Cr Claim in Attivo

January 17, 2025 11:16

NCLAT has restored IFIN's Rs 593 crore claim in Attivo Economic Zones, overturning the IRP's rejection and restoring IFIN's voting rights in the CoC.

Axis Bank Shares Plunge 6% After Weak Earnings

January 17, 2025 10:57

Axis Bank shares tumbled nearly 6% on Friday after its December quarter earnings missed expectations. Asset quality pressures from the retail segment impacted the bank's profit growth.

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

January 16, 2025 20:52

Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.

Axis Bank Q3 Profit Rises 4% to Rs 6,304 Cr

January 16, 2025 17:41

Axis Bank reported a 4% rise in standalone net profit to Rs 6,304 crore for Q3 FY25, driven by higher interest income and NII. Gross NPA moderated to 1.46% while net NPA declined to 0.35%.

Indian Markets Volatile in 2025: Motilal Oswal

January 15, 2025 22:08

Motilal Oswal predicts volatility in Indian markets during the first half of 2025, advising investors to consider hybrid assets. The medium-term outlook remains positive.

Bank of Maharashtra Q3 Profit Soars 36% to Rs 1,406 Crore

January 15, 2025 16:01

Bank of Maharashtra's net profit jumped 36% to Rs 1,406 crore in Q3 FY25, driven by higher interest income. The bank also saw a decline in NPAs and increased its provision coverage ratio.

IMGC & GIC Housing Finance Partner for Mortgage Guarantee-Backed Home Loans

January 13, 2025 13:49

IMGC and GIC Housing Finance have partnered to offer innovative mortgage guarantee-backed home loans, aiming to enhance affordability and accessibility in the housing finance sector. This...

Supertech Township Projects Insolvency: NCLAT to Decide

January 11, 2025 12:17

Punjab & Sind Bank rejects Supertech Township Projects' settlement proposal. NCLAT will now decide on the insolvency of the debt-ridden realty firm. The matter is scheduled for January 23rd.

Vodafone Sells Indus Towers Stake for Rs 2,800 cr, Clears Dues

January 10, 2025 15:05

Vodafone has sold its entire 3% stake in Indus Towers for Rs 2,800 crore, using the proceeds to clear Rs 890 crore dues. The company also increased its stake in Vodafone Idea.

SBI Chairman Calls for Institution to Track Small Business Fund Use

January 10, 2025 13:35

SBI chairman CS Setty advocates for a market infrastructure institution to track the end-use of funds raised by small businesses, aiming to ensure responsible financing and bolster investor...

IOB to Sell Rs 11,500 Crore NPAs to ARCs

January 9, 2025 20:49

Indian Overseas Bank (IOB) is selling Rs 11,500 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs). The sale will be conducted through an e-auction on a portfolio basis.

LenDenClub Launches Daily Earning Loans for P2P Lenders

January 9, 2025 15:49

LenDenClub introduces daily earning loans for P2P lenders, offering daily interest payments and a choice of loan tenures. Invest as low as Rs 250 and earn consistent income.

MFIs Seek Govt Support Amid Rising Delinquencies

January 8, 2025 19:30

Microfinance institutions (MFIs) are facing challenges including rising delinquencies and seek government support, including a dedicated funding mechanism and credit guarantee.

MFI Portfolio Declines, Bad Assets Rise in Sept Quarter: Report

January 8, 2025 15:18

Microlending outstandings fell 4.3% in the September quarter as lenders became cautious due to deteriorating asset quality. Delinquencies spiked across ticket sizes and lender types, particularly...

FinMin Meeting on Microfinance: Rising Bad Loans & Delinquencies

January 7, 2025 17:41

Finance Ministry to meet with MFI players on Wednesday amid rising bad loans and delinquencies in the sector. The meeting will discuss concerns and potential solutions.

Securitisation Volumes Surge 80% in Q3: Icra

January 6, 2025 19:21

Securitisation volumes in India jumped 80% in Q3 FY25, driven by private sector banks. Icra expects FY25 volumes to reach Rs 2.4 lakh crore, up from earlier estimates.

J&K Bank Q3 Report: Higher Deposits, Lower Loan Growth

January 6, 2025 19:02

J&K Bank reports a significant increase in deposits for the third quarter of FY2025, but loan growth remains modest. Read more about the bank's financial performance.

Nuvoco Vistas Wins Bid for Vadraj Cement

January 6, 2025 17:05

Nuvoco Vistas Corp. has won the bid for Vadraj Cement, currently undergoing insolvency. The deal will increase Nuvoco's cement production capacity to 31 MMTPA and solidify its position as the...

IIFCL to Grow Book Size by Rs 1 Lakh Cr in 3 Years

January 6, 2025 14:55

India Infrastructure Finance Company (IIFCL) is poised for significant growth, aiming to increase its book size by Rs 1 lakh crore in the next three years, according to DFS Secretary M Nagaraju.

World Bank Approves USD 20 Billion for Pakistan

January 5, 2025 11:52

The World Bank will provide a USD 20 billion lending package to Pakistan for a 10-year program focused on key development areas, aiming to improve social indicators and enhance economic growth.

HDFC Bank Loan Growth Rises 3% in Q3

January 4, 2025 22:27

HDFC Bank reports a 3% increase in loan growth in the December quarter, reaching Rs 25.42 lakh crore. Total deposits also saw a significant rise to Rs 25.63 lakh crore.

IDBI Bank Reports 18% Loan Growth in Q3

January 4, 2025 22:11

IDBI Bank saw an 18% increase in loan growth during the December quarter, reaching Rs 2.06 lakh crore. Total deposits also rose by 9% to Rs 2.82 lakh crore.

Capital Infra Trust IPO: Price Band Fixed at Rs 99-100, Opens Next Week

January 3, 2025 21:31

Capital Infra Trust, sponsored by Gawar Construction, has fixed the price band for its Rs 1,578 crore IPO at Rs 99-100 per unit. The IPO opens on January 7 and concludes on January 9, marking the...

BoI Reports 15% Loan Growth in Q3 | Business News

January 3, 2025 19:49

State-owned Bank of India (BoI) reported a 15.3% credit growth in the December quarter, with total advances reaching Rs 6.51 lakh crore. Read more.

UCO Bank Reports 12% Business Growth in Q3 FY25

January 3, 2025 19:34

UCO Bank's total business grew 12.18% in Q3 FY25, driven by a strong performance in advances and deposits. Domestic advances rose 18.83% and deposits increased by 9.37%.

Yes Bank Reports 12.6% Loan Growth in Q3

January 3, 2025 18:15

Yes Bank saw a 12.6% loan growth in Q3, reaching Rs 2.45 lakh crore. Total deposits also rose to Rs 2.77 lakh crore. Read more about their financial performance.

PNB Reports 15% Loan Growth in Q3

January 2, 2025 16:05

Punjab National Bank (PNB) saw a 15% increase in loan growth during the December quarter, reaching Rs 11.11 lakh crore. Total deposits also rose by 15.6% to Rs 15.30 lakh crore.

Credila Financial Services Files IPO Papers with Sebi

December 28, 2024 18:22

Edu loan provider Credila Financial Services Ltd, formerly known as HDFC Credila, has filed IPO papers with Sebi. The company, backed by EQT and ChrysCapital, saw impressive growth in FY24.

Vodafone Group Clears Rs 11,650 Cr Dues Against VIL Shares

December 28, 2024 15:24

Vodafone Group has cleared dues of Rs 11,650 crore raised against Vodafone Idea shares, releasing a pledge on 22.56% of VIL's equity. The move follows repayment of debt to lenders.

PSU Banks Profit: Rs 1.5 Lakh Cr Forecast, Deposit Concerns

December 27, 2024 11:01

Public sector banks (PSBs) in India are projected to exceed Rs 1.5 lakh crore in profit for FY'25, driven by low NPAs and credit growth. However, slow deposit mobilization remains a concern.

HDFC Bank Executes First Gold Forward Deal from GIFT City

December 23, 2024 21:51

HDFC Bank becomes the first domestic lender to execute a gold forward deal from GIFT City, enabling onshore entities to hedge gold price exposure.

ReNew Sells 300 MW Solar Asset in Rajasthan to Anzen

December 23, 2024 21:11

ReNew Energy Global Plc has sold its entire stake in RSWPL, a 300 MW operational solar asset in Rajasthan, to Anzen for USD 176 million. The transaction is expected to close soon.

Sri Lanka Officially Ends Debt Default: Fitch Rating Upgrade

December 21, 2024 17:57

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

RBI Fines IndusInd Bank Rs 27.30 Lakh for Interest Rate Violations

December 20, 2024 19:04

The Reserve Bank of India (RBI) has imposed a Rs 27.30 lakh penalty on IndusInd Bank for non-compliance with norms related to interest rates on deposits. The penalty was levied after an inspection...

Mirae Asset AUM Crosses Rs 2 Lakh Crore | India Investment News

December 20, 2024 17:48

Mirae Asset Investment Managers' AUM in India surpasses Rs 2 lakh crore, driven by strong growth in recent years. The fund house's AUM has grown at a CAGR of 54% over the past five years.

Four Points by Sheraton Opens in Nashik, Maharashtra

December 20, 2024 17:26

Marriott International opens its first Four Points by Sheraton hotel in Nashik, Maharashtra, marking its debut in the culturally vibrant destination. The hotel offers modern hospitality in a...

New Law to Curb Unregulated Lending in India: 10 Years Jail for Violators

December 19, 2024 19:37

India proposes a new law to ban unregulated lending activities, including digital loans, with violators facing up to 10 years of imprisonment and heavy fines.

Nifty 2025 Target: HDFC Securities Predicts 10% Jump, Moderated Returns

December 19, 2024 19:04

HDFC Securities expects Nifty to reach 26,482 points by 2025, but advises investors to moderate their return expectations. The brokerage recommends focusing on large-cap stocks and expects earnings...

Aditya Birla Housing Fin Partners with NHB for PM Awas Yojana

December 18, 2024 21:59

Aditya Birla Housing Finance partners with National Housing Bank to offer housing finance solutions under PM Awas Yojana for EWS, LIG and MIG.

Rama Mohan Rao Amara Appointed SBI MD

December 18, 2024 20:14

Rama Mohan Rao Amara, Deputy Managing Director of SBI, has been appointed as Managing Director for a period of three years. He will fill the vacancy created due to the elevation of CS Setty as...

Punjab & Sind Bank Raises Rs 3,000 cr from Infrastructure Bonds

December 18, 2024 17:44

Punjab & Sind Bank successfully raised Rs 3,000 crore through its maiden infrastructure bond issuance, exceeding the initial target of Rs 500 crore. The funds will be used to expand infrastructure...

Sri Lanka Wins IMF Tax Relief: President Dissanayake

December 18, 2024 16:14

Sri Lanka secures IMF tax relief & car import resumption. President Dissanayake announces agreement, including PAYE tax adjustments and debt restructuring for small businesses.

Supriya Lifescience Inaugurates Rs 120-cr API Block

December 17, 2024 22:32

Supriya Lifescience has inaugurated a Rs 120-crore API production block in Ratnagiri, adding 335 kilolitre capacity to its operations. The unit expands Lote Parshuram capacity by over 55% to 932 KLPD.

Prime Securities Acquires Stake in Ark Neo Financial Services

December 16, 2024 22:18

Prime Securities has acquired a majority stake in fintech Ark Neo Financial Services for Rs 7 crore. The company will infuse capital into Ark Neo by subscribing to optionally convertible debentures.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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