SBI shares rose sharply on Friday after the lender reported a 10% year-on-year rise in Q1 FY27 standalone profit to Rs 21,121 crore, beatin...

The Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...

Singapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...

The Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...

CreditAccess India, the promoter of India’s largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through bloc...

Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...

India's economic growth will likely moderate in the second half of FY27. Growth may strengthen to around 7.2 per cent in FY28, says ICICI B...

Financial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and...

In a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...

Essar Energy Transition secured $400 million in financing from European and UK banks. This funding will strengthen its balance sheet and su...

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and l...

Indian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...

Foreign investors reduced stakes in large banks during the June quarter. They simultaneously increased holdings in several mid-sized and sm...

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion...

Equitas Small Finance Bank is eligible for voluntary transition into a universal lender. The bank is cautious about applying after peers fa...

Avaada Group secured ₹12,800 crore financing from three major lenders. This funding will support 2.15 GW of renewable energy projects in Gu...

Home First India Finance Company reported a 35% net profit increase for Q1 FY27. The company's operating profit also saw a 33% rise during ...