According to the CBI, the two former executives are accused of causing a combined wrongful loss of Rs 7,623 crore to public sector banks. I...

The Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repa...

Indian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...

The Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rul...

A home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...

Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...

The Reserve Bank of India is taking a closer look at its credit loss regulations, which may result in higher borrowing costs for small and ...

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...

Indian banks will see a slight dip in their return on assets this fiscal. This is due to lower treasury income and early provisions for a n...

If the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...

The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for dev...

Indian companies and lenders saw foreign borrowing filings drop significantly in March. This reduction occurred amidst global financial mar...

Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...

The Reserve Bank of India has released new draft rules. Banks can now hold specific non-financial assets only to recover bad loans. These a...

The Reserve Bank of India has rejected several suggestions from Non-Banking Finance Companies. Equity investments in group entities will no...

The new ECL guidelines would introduce a "staging framework" for asset classification under the ECL approach, replacing the existing incurr...

The Reserve Bank of India will implement a new Expected Credit Loss provisioning system from April 1, 2025. Banks must adopt this proactive...