Banking & Finance

RBI fines Bombay Mercantile Co-operative Bank ₹50 lakh...

RBI clarified that the action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of...

Ahead Of IPO, OYO Increases Authorised Share Capital To...

IPO-bound hospitality giant OYO has increased its authorised share capital from its existing INR 1.17 Cr to INR 901 Cr.…

Voice AI company Skit raises $23 million in Series B funding...

The company will use the fresh funds for sales and marketing, building delivery capabilities, R&D

Robinhood share price tanks 5% so far this week as SEC...

Robinhood Markets’ share price has tanked a little over 5% in two trading sessions so far this week, as investors fear comments by...

Ami Organics IPO: Grey market premium soars, issue fully...

Ami Organics' Rs 570-crore IPO has been subscribed 1.37 times so far on the first day of the bidding.

Enough cushion in place for NBFCs to manage operating headwinds...

India Ratings and Research in a report said non-banks have adequate system liquidity (because of regulatory measures), sufficient...

Top-level exits: AU SFB says "nothing to hide" on transparency,...

In an early morning investor call, MD & CEO Sanjay Agarwal said the bank has "nothing to hide" and there is nothing on the "governance...

Link UAN with Aadhaar before August 31 to ensure EPF amount...

The government has made it mandatory for UAN to be linked with Aadhaar so that employers are able to file Employee Cum Return (ECR)...

LIC's asset base surged to Rs 38 lakh crore in FY20

New business (first-year premium) contributed to the 3.5 per cent growth with a collection of Rs 1.8 lakh crore premium from 2.1 crore...

Banks will be closed on these days in September: Get the...

Along with second Saturdays and Sundays, banks will be closed on the following days in these states.

Prosus deal adds to our heft and gives us necessary growth...

The Mumbai-based fintech firm, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired by...

Lenders force small and medium-sized micro-financiers to...

The government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National...

Punjab National Bank waives service charge, processing...

Punjab National Bank (PNB) has launched a festival bonanza offer to enhance the availability and affordability of credit to customers,...

RBI role as full-service central bank helped keep financial...

“In the wake of the pandemic, when fiscal response resulted in a sharp increase in government borrowing, the market operations conducted...

RBI ‘Extremely’ Careful About CBDC: Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das said that RBI will be initiating a pilot exercise by the end of…

Wallet Interoperability To Be Enabled Via UPI: RBI

Prepaid payment instruments (PPI) which are in the form of digital wallets, as provided by the likes of Paytm, Freecharge,…