ICICI Bank receives Rs 229 crore GST demand over minimum balance servicesICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...
US Market: AI credit surge tests lenders as future revenues remain uncertainAI-related borrowing has surged substantially in low-rated U.S. firms this year, prompting investor scrutiny of financial assumptions. Lend...
Axis Bank wants to double its Rs 8,688 crore data centre exposureIndia's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scal...
Kotak Mahindra Bank gets RBI nod to appoint Anup Saha as MD & CEOAnup Kumar Saha has been appointed by the Reserve Bank of India as managing director and CEO of Kotak Mahindra Bank. His three-year term wi...
Bigger loans lift digital lenders’ books 28% as outstanding accounts declineDigital lenders in India experienced a notable 28% increase in their personal-loan portfolios over the past year. The number of outstanding...
202 BSE 500 stocks trade below five-year average valuationsAn analysis indicates that more than 50% of companies within the BSE 500 are trading below their five-year average valuations. Furthermore,...
HDFC Bank Group General Counsel Sudhir Kumar Jha retires after 22 yearsSudhir Kumar Jha has retired from HDFC Bank effective September 30, 2026, concluding his 22-year tenure. Following his retirement, Jha will...
NCLAT issues notices to lenders on Subhash Chandra’s plea against NCLT orderNCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT order that constituted a five-member...
Air India's ₹10,000 crore fundraise plan draws cashflow concernsAir India is currently looking to secure ₹10,000 crore in fresh loans for various operational needs. Some lenders are hesitant to provide c...
Apple Pay India launch may change payments in iPhones: Expected date, banks supported, UPI access and featuresApple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service...
Affordable housing lenders need new branches, catchments as mature outlets see growth stagnation: ReportAffordable housing finance companies are experiencing stagnating growth and need to enter new markets for sustainability. Their existing br...
HSBC makes big push for affluent clients in India to fuel growthHSBC Holdings Plc plans to expand its operations in India by increasing its branch network by 35% over the next two years. The bank aims to...
SBI's growth mantra: Digital first, customer first, nation always, says chairman C S SettySBI aims to harness digital banking and strengthen customer relationships as part of its growth strategy. The bank's total business could p...
US Federal Reserve plans to raise bank oversight thresholds, sources sayThe US Federal Reserve is set to propose an increase in the asset thresholds for banking regulations, potentially raising the current $700 ...
Offered lower interest rates on home loans and car loans when you buy insurance? It may not always come cheap; here's how IRDAI proposes to change itNew proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes...
JLR begins talks with global banks for $1.3 billion five-year loan; some lenders flag Tata Sons leadership uncertaintyJaguar Land Rover is in talks with global banks for a £1 billion loan. Lenders are seeking clarity on N Chandrasekaran's leadership at Tata...
Banks plan to align norms for project finance lendingBanks are developing a common framework for project finance lending. This initiative aims to curb regulatory arbitrage and operational misa...