Now Hindenburg says Kotak Bank created fund used by investor to short Adani stocks
On July 2, Hindenburg Research said Kotak Mahindra Bank and brokerage firms founded by Uday Kotak created and managed the offshore fund structure used by...
Student Loans Are a Burden for Banks, But It’s Not Unexpected
Student loans have become a significant challenge for Indian banks. While banks are eager to lend to students, they struggle to get the money back....
India’s External Debt Rises to $663.8 Billion in FY24, Up $39.7 Billion from Previous Year: RBI Data
India's external debt surged to $663.8 billion in FY24, marking a $39.7 billion increase from the previous year, according to data from the Reserve Bank...
C S Shetty set to become new SBI Chairman following FSIB recommendation
The Financial Services Institutions Bureau (FSIB) has recommended the name of Challa Sreenivasulu Setty, one of the managing directors of the State Bank of India...
RBI Financial Sector Report: Key highlights
The Reserve Bank on June 27 released the 29th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of...
Citi Appoints Jeegar Shah as Chief Financial Officer for India
Jeegar to Provide Financial Leadership and Support Citi's Growth Strategy in India Citi on june 25 announced the appointment of Jeegar Shah as Chief Financial...
RBI places a director in Bandhan Bank
The Reserve Bank of India (RBI) has appointed an additional director on the Board of the Kolkata-based lender. The RBI appointed Arun Kumar Singh, Chief...
Indian MFIs Must Act Now to Prevent Another Crisis
For microlenders in India, it’s time to pause and reflect. There are troubling signs that the issues which nearly collapsed the industry during the 2010-2012...
RBI grants Payment Aggregator license to SabPaisa
SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, on June 21 said it has received final approval from the Reserve Bank of...
Tata communications gets $ 250 mn loan from ANZ-led consortium
Tata Communications has secured a five-year $ 250 million sustainability-linked loan (SLL) from DBS Bank, ANZ and Export Development Canada (EDC), a press release said...