Global Fintech Fest: Kissht’s Next Phase of Growth Means Becoming a Broader Financial-Services Company, Not Just a LenderA customer base of more than 12 million, rapidly diversifying product suite, and AI integration at enterprise scale perfectly positions dig...
HDFC Bank says all seven Bahrain claims over Credit Suisse AT1 bonds rejectedHDFC Bank has won all seven Bahrain cases filed by Credit Suisse AT1 bond investors, who accused the lender of mis-selling the risky securi...
Indian banks' names keep fading from your loan documentsThe landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs a...
SRG housing loans worth Rs 400 crore may be fictitious: National Housing BankThe National Housing Bank raised concerns over SRG Housing Finance, identifying potentially fictitious loan accounts. Investigations have r...
Four banks including RBL and Bank of Maharashtra line up overseas fund raiseRBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans ac...
India's retail credit market shifts to rural, GenZ borrowers via digital platformsYounger consumers and rural households are driving India's retail credit market growth. These aspirational borrowers now account for most n...
AI can speed business loans, but underwriters stay in charge: HyperVerge's Kedar KulkarniHyperVerge launched AI underwriting agents to speed business loan processing. These agents extract data from financial documents and assist...
RBL, BoM eye dollar bonds to refinance FCNR fundingRBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans ac...
$127 billion deposits raise new rupee risk as banks face future FX interest billsWith over $127 billion raised in overseas FX deposits since June, Indian banks are now confronting a risky situation regarding unhedged fut...
Fairfax plans IIFL Finance exit to fund IDBI Bank bidFairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the pr...
Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers sayCanara Bank and Bank of Maharashtra will raise $500 million each through dollar bonds. These lenders will issue three-year or five-year pap...
ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lenderICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. ...
China to pump $54 billion into state banks, insurers in capital-boosting pushChina's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to str...
ByteDance secures $29.6 billion loan in AI push, sources sayByteDance secured a massive $29.6 billion loan from nearly thirty banks. Chinese banks provided over sixty percent of this significant loan...
Thinking of guaranteeing a loan? Think again; here’s how your credit score could suffer if the borrower defaultsBecoming a loan guarantor creates significant financial and credit obligations for individuals. The guaranteed loan appears on your credit ...
Shadow lenders line up over Rs 10,000 crore in rupee bondsIn an exciting development, Indian shadow lenders are gearing up to raise a substantial sum of at least ten thousand crore rupees in the ne...
Group entities to reconcile, settle dues with lenders: Essel ChairmanSubhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlig...