Paytm focusing on consumer payments business: CEO
Fintech firm Paytm’s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by...
India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion
India's forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober...
Understand salary account interest rates, and maximise your savings with IDFC FIRST Bank
The bank provides a competitive interest rate on salary accounts, which ensures that your savings grow steadily. This feature, combined with the convenience of managing...
Is There a Case for Higher Deposit Insurance Coverage in India?
These institutions were rescued by takeovers or bailouts, but the failures of several smaller cooperative banks remain a persistent issue. One consequence of banking failures...
Mahindra Finance enters into a co-origination partnership with UGRO Capital
Mahindra Finance and UGRO Capital aim to combine their respective strengths under a co-origination structure where UGRO will leverage its data analytics, distribution network and...
HDIL’s Rakesh Wadhawan moves NCLT for review of resolution process
In his application, Wadhawan has sought to be allowed to propose a viable revival plan in the CIRP or a one-time settlement in the insolvency...
KVS Manian takes charge as the new Managing Director & CEO of Federal Bank
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IndoStar Capital Finance announces sale of IndoStar Home Finance to EQT
The transaction is subject to customary conditions precedent, including receipt of RBI approval, consents from lenders and shareholders’ approval. Further, EQT plans to invest INR...
PNB downgrades MTNL’s loan accounts to NPA over non-payment of interest, instalment
As per a filing by MTNL to the stock exchanges that attaches a communication from PNB dated September 13, 2024 in this regard, across multiple...
RBI imposes monetary penalty on HDFC Bank, Axis Bank
In the case of HDFC Bank, the RBI imposed a penalty of Rs one crore after the RBI found that the bank gave gifts in...