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Category : Banking
Icra Projects Slower Credit Growth for Banks to 12 Percent...
Icra projects a credit growth slowdown for Indian banks to 12% in FY25 due to regulatory measures and tighter funding. This deceleration...
IRDAI Issues Show-Cause Notice to Go Digit Insurance Over...
Go Digit General Insurance received a show-cause notice from IRDAI for exceeding expense limits for six months ending September 2024....
IndusInd Bank Reports 40% Drop in Q2 Profit Due to Higher...
IndusInd Bank reported a 40% drop in Q2 profit, impacted by increased provisions for bad loans. Deposits rose 15% year-on-year, with...
Credit Growth for Banks Expected to Slow to 12 Percent...
ICRA predicts a slowdown in bank and NBFC credit growth due to tighter regulations, with banks expected to see a 12% credit growth...
Indian Banks Implement Expense Controls Amid Rising Credit...
Indian banks are tightening expenses in response to rising credit costs and higher loan defaults, particularly in unsecured and microfinance...
Axis Bank Reappoints Amitabh Chaudhry as MD and CEO for...
Axis Bank reappoints Amitabh Chaudhry as MD and CEO for another three-year term, beginning in January 2025. Since joining in 2019,...
Finance Minister Nirmala Sitharaman Affirms Multilateral...
Finance Minister Nirmala Sitharaman announces the establishment of a strategic framework to enhance multilateral development banks’...
Amitabh Chaudhry Reappointed as Axis Bank CEO for Third...
Axis Bank’s CEO Amitabh Chaudhry has received RBI approval for a third term, continuing his role until 2027. Since 2019, Chaudhry...
Banks Boost Investment in Short-Term Government Bonds Ahead...
Indian banks are increasing investments in short-term government bonds to meet new RBI liquidity coverage ratio (LCR) norms, reshuffling...
Union Bank of India Fined Rs 54 Lakh by FIU for Multiple...
Union Bank of India fined Rs 54 lakh by FIU for failing to report suspicious transactions and inadequate AML/KYC compliance under...
Indian Banks Cut Expenses Amid Rising Credit Costs and...
Indian banks are cutting expenses to manage rising credit costs and higher slippages, particularly in unsecured loans and microfinance...
RBI Lending Ban on Finance Firms Raises Concerns Over Impact...
India's credit industry faces challenges following the RBI's ban on lending by four non-banking financial companies over subprime...