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

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

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

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

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...

The government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...

Punjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for fo...

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in ...

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee s...

The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating oper...

Banks have also been given the flexibility of dropping mandatory alerts for lowvalue transactions. However, top-draw private banks, such as...

The guidelines could prescribe a minimum search period, key documents and records to be verified, as well as precautions to be followed whi...

Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate pur...

The Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Barod...

India's private credit market is poised for significant expansion, projected to reach $50 billion by 2030, fueled by increasing corporate f...

The move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...