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Category : Banking
IDFC First Bank Targets 70% Insurance Coverage for Microfinance...
IDFC First Bank targets 70% insurance coverage for its microfinance book by March 2025 to mitigate risk. CEO V Vaidyanathan discusses...
RBI’s High Growth Forecast for 2024 Raises Skepticism Among...
RBI's 7.2% growth forecast for India in 2024 raises concerns among economists, who highlight lagging urban consumption and exports...
IDFC First Bank's Q2 Profit Drops 73% Amid Surge in Provisions...
IDFC First Bank reported a 73?cline in Q2 2024 profits to ₹201 crore as provisions surged to cover potential losses in its microfinance...
RBI Governor Shaktikanta Das Honored with A+ Grade in Global...
RBI Governor Shaktikanta Das has been awarded an A+ grade in Global Finance's 2024 Central Bank Report Cards for the second consecutive...
State Bank of India Honored as Best Bank in India for 2024...
State Bank of India (SBI) has been recognized as the Best Bank in India for 2024 by Global Finance Magazine, underscoring its dedication...
Global Banks Urge RBI to Enable Same-Day Settlement for...
Global banks have requested the RBI to enable same-day (T+0) settlement for foreign portfolio investors (FPIs) in India, supporting...
Slice and North East Small Finance Bank Complete Merger...
Slice has completed its merger with North East Small Finance Bank (NESFB), forming a unified fintech-banking entity following regulatory...
Shriram Finance Eyes Revival in Gold Loan Segment and Expansion...
Shriram Finance forecasts growth in its gold loan segment by November, alongside expansions in supply chain, irrigation, and green...
Indian Bank Secures Rs 5,000 Crore Through Long-Term Infrastructure...
Indian Bank raises Rs 5,000 crore through long-term infrastructure bonds, aiming to fund credit growth and support infrastructure...
Bank of Baroda Rules Out Immediate Deposit Rate Hike Targets...
Bank of Baroda rules out immediate deposit rate hike as liquidity improves, targets 65% growth in RAM loans, and plans GNPA reduction...
Partha Pratim Sengupta Appointed as Bandhan Bank’s New...
Partha Pratim Sengupta, with over 40 years of experience, takes over as Bandhan Bank's CEO on November 1, 2024, focusing on asset...
RBI Revokes UAE Exchange Centre’s Authorisation Over Regulatory...
The Reserve Bank of India has revoked the Certificate of Authorisation for UAE Exchange Centre LLC over regulatory non-compliance,...