The Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across variou...

Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of t...

Bank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...

Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving...

Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% i...

Manappuram Finance will shift to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive...

Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans whi...

The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) m...

Banks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...

In a significant regulatory shift, Sebi is set to increase the cap on the number of annual debt security ISINs maturing. This initiative is...

Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six pe...

The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw do...

In a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...

The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid ...

The Reserve Bank of India has classified Tata Sons as an Upper Layer NBFC. This classification follows revised norms for financial companie...

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

Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from...