Loan service providers to disclose all loan offers from lender partners: RBI draft rules

The content displayed by the LSP shall be unbiased and shall not directly/indirectly promote or push a product of a particular RE, including by use of...

NBFCs focus on customer-centric innovations amid regulatory, technological changes

At the ETBFSI NBFC Connect'24 Summit, NBFC leaders say the adoption of customer-centric strategies, coupled with advanced technologies like Regtech, i...

BNPL-type practice since the period of Guptas and Mauryas, says former RBI CGM

Consumer finance is slowly picking up, exceeding 30%, while corporate finance has decreased significantly, said Dr Sathyan David at ETBFSI NBFC Connec...

Using insurance for social protection: Ensuring security for vulnerable populations

In an era where economic uncertainties abound and natural disasters often cause enormous damage, social safety nets have never been more relevant than...

Rising trend of gold prices can have a positive impact on gold loans

In the first nine months of FY24, loan sanctions by NBFCs grew 6%, driven by a growth in two-wheeler loan, gold loan, personal loan, consumer loans, a...

Axis pips Kotak Bank as 3rd most valued private bank

Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's...

Bank of Maharashtra Q4 Results: Profit surges 45% YoY to Rs 1,218 crore

State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter, helped by a ...

Banks playing both judge, executioner: Bombay HC on LOCs

The judgment came on a large batch of petitions challenging the constitutional validity of LOCs issued by the ministry of home affairs at the instance...

Kotak Bank reveals how Indian banks fail to keep up with Modi's ambitions

Kotak Mahindra Bank Credit Card & Mobile Banking Curbs: Prime Minister Narendra Modi aims to export India's digital payments system worldwide, but fac...

RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

S&P Global Ratings warned that RBI's recent regulatory action on Kotak Mahindra Bank could limit the bank's credit growth and profitability. The RBI p...

India's SBI Life Insurance reports lower new business margin for FY 2024

The value of new business (VNB) - the expected profit from new policies - rose 9.5% to 55.50 billion rupees ($666.1 million). The VNB margin contracte...

Bajaj Finserv Q4FY24 net profit rises 19.8% to Rs 2118 crore

The holding company reflects the company's share of profits earned by its subsidiaries and joint ventures including Bajaj Finance, Bajaj Allianz Gener...

IIFL Samasta Finance adds three members to its Board

IIFL Samasta Finance, one of India's largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Boar...

Won't back down, says Religare's Rashmi Saluja amid tiff with Burman family

"I may have agreed that five years ago, I didn't have the experience, but after five years, three successful businesses, a company turnaround and a gr...

RBI sets rules for loan e-aggregators

The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI ha...

Norwest raises $3 billion global fund

The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of...

PayU's Wibmo building full-stack payment gateway solutions

PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer marke...

Motilal Oswal net profit soars, to issue bonus shares

The company's revenue from operations soared by 108% to 2,141.3 crore from 1,027.4 crore in the previous year. For FY24, the company posted a co...

Sebi asks BSE to pay regulatory fee on options contract

BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past peri...

Bajaj Finance outlook reverses market trend, drags Sensex 609 points down after 5-day win run

The 30-share BSE benchmark Sensex declined 609 points or 0.82% to settle at 73,730. The broader NSE Nifty dropped 150 points or 0.67% to end at 22,420...

RBI lays out criteria for conversion of Small Finance Banks to Universal Banks

The Reserve Bank of India (RBI) has set out certain provisions fulfilling which Small Finance Banks (SFBs) can voluntarily convert themselves into Uni...

LVB-DBS deal: HC asks RBI to relook at valuation

The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgam...

FPI investment limit in g-sec unchanged at 6% of outstanding stocks of securities for FY25: RBI

The Reserve Bank on Friday said the limits for FPI investment in government securities, state development loans and corporate bonds will remain unchan...

Sebi allows AIFs to pledge shares in invested cos in infra sector

The regulator has also provided additional flexibility to AIFs and their investors to deal with unliquidated investments of their schemes.

JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained "cautious" about the U.S. economy and said in...

VC investment in India doubles to $3.2 billion across 354 deals in March quarter: report

Fintech attracted investor attention in the country though marked by smaller deal sizes with key transactions such as SK Finance ($160 million), and P...

Gender diversity still a long way away among CFOs as women still remain underrepresented

Despite gender diversity efforts in India, women are underrepresented in CFO roles. Challenges include bias, retention issues, and supply-side constra...