Economic

Indiagold to apply for NBFC license in FY25, co-founder...

Aims to originate ₹7,000 crore of gold loans each year, hire 300 employees in FY26

IFCI to cease lending, transition to infrastructure adv...

An infusion of ₹500 crore is planned to stabilise the IFCI’s finances, while the...

South Indian Bank opens second mega currency chest in K...

The newly inaugurated currency chest cater to the bank’s branches within Ernakul...

Deposit push: HDFC Bank launches ‘Pragati’ savings acco...

HDFC Bank’s overall deposits stood at ₹25 lakh crore in Q2FY25

Banks cautious on signing co-lending pacts on tech inte...

NBFCs’ co-lending AUM was nearing ₹1 lakh crore in April, after 5 years of exist...

SBI raises MCLR across three tenors by 5 bps, effective...

The new MCLR rates are 8.55% for three months, 8.90% for six months, and 9% for ...

RBI grants banks, ATM operators more time for cassette ...

Now, the RBI has asked banks to expeditiously implement the roadmap for cassette...

Attrition rates in private sector banking industry have...

If banks lose talented employees, especially at the junior and frontline levels,...

Bandhan Life expands national footprint with launch in ...

Life insurer’s products to be available at 142 Bandhan Bank branches across Delh...

Federal Bank mops up ₹1,500 crore via maiden issue of 1...

Federal Bank’s infrastructure bond issuance comprised a base issue of ₹750 crore...

Bank interest rates will have to be far more affordable...

Finance Minister Nirmala Sitharaman emphasizes the need for affordable bank inte...

Galaxy Health Insurance rolls out first insurance produ...

Galaxy Promise offers sum insured options ranging from Rs 3 lakh to Rs 1 crore

Muthoot Finance post 21% rise in consolidated PAT in Q2...

Consolidated PAT for H1 stood at ₹2,517 crore against ₹2,140 crore last year, an...

RBI cautions public on deepfake videos of its Top Manag...

RBI clarified that its officials are not involved in or support any such activities

SBI, HDFC Bank and ICICI Bank continue to be identified...

RBI has prescribed additional CET 1 requirement of 0.80 per cent for SBI, 0.40 p...

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