Borrowing costs in bond market may rise as upside risks to India's 10-year bond yield persist: BoB ReportExpect an uptick in borrowing costs within India's bond market as uncertainties loom large. The 10-year government bond yield remains under...
Purple Finance to acquire Saksham Gram Credit for rural expansionPurple Finance plans to acquire Saksham Gram Credit for rural market expansion. The company also secured equity funding of Rs 108 crore for...
FincFriends reports Rs 999 crore revenue, 43% AUM growth in FY26According to audited financials, FincFriends Private Limited reported Assets Under Management (AUM) of Rs 875 crore, representing 43% year-...
Credit-deposit gap to persist as loan demand dynamics have changed, says SBI ResearchA noticeable gap between credit and deposit growth is troubling the banking landscape. Consumers are shifting their savings from traditiona...
Trade, NBFC credit to remain fastest-growing lending segments: ReportTrade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisatio...
RBI imposes penalties on Muthoot Finance, 5 others for compliance violationsThe Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs 5.80 lakh fine for risk managemen...
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay MalhotraReserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent re...
Tata, SP Group explore share swap to unlock Tata Sons stake amid valuation divideTata Sons and the Shapoorji Pallonji Group are currently negotiating the monetization of a stake but are at an impasse concerning the trans...
RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related partiesNew Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply t...
Market wrap: ICICI Lombard, IndiGo among top gainers & losers on Nifty and Sensex todayIndian equities ended subdued on weekly expiry as investors weighed Iran-US tensions, firm crude prices and rupee weakness. Analysts expect...
Market Wrap: Sensex ends flat, Nifty holds 24,050 as Iran-US conflict keeps optimism in checkSensex gained a mere 1 point to end at around 77,187, and Nifty 50 dropped around 6 points to close at nearly 24,073 on Thursday. Broader m...
RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financia...
RBI pushes banks, NBFCs to own data risks across third partiesThe RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regulatory Expectations for Data Govern...
Education-loan AUM of NBFCs seen up 20 pc despite slower US biz: ReportEducation loan assets for NBFCs are projected to grow steadily at twenty percent this fiscal year. Diversification across study destination...
RBI Deputy Guv pushes for meaningful, fair grievance redressalThe conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial comp...
RBI deputy guv asks financial entities' ombudsmen to provide effective complaint resolutionReserve Bank Deputy Governor Swaminathan J urged internal ombudsmen to ensure fair complaint resolutions. He asked them to identify recurri...
FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: ReportForeign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certi...