RBI issues directions on fixed, floating rate loans: What changes for home, personal, MSME loans and existing borrowersThe Reserve Bank of India has proposed a new framework for loan interest rates. This framework aims to bring more uniformity and transparen...
Muthoot Fincorp appoints four lead managers for IPOIn a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft...
Defaulted on your loan? Here's what banks can legally do and what they can'tMissing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first...
Southern banks on a golden lending streak; gold-loan books swell 2xSouth Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold pric...
RBI invites public comments on draft rules to standardise how lenders set interest ratesThe Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across variou...
Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio CreditBank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of t...
State Bank of India returns to dollar debt market, bankers see strong demandState Bank of India is set to re-enter the dollar bond market, marking its first appearance in nearly a year. The nation's leading financia...
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: KotakThe Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) m...
State Bank of India taps dollar bond market with five-year issue: ReportThe State Bank of India is set to tap into the dollar debt market, aiming to raise a minimum of $500 million by issuing five-year bonds. Ma...
Brokerages raise SBI target price after Q1 earnings beatState Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts' expectations for their June-quarter earnings...
- Lenders seek RBI approval to spread their MTM losses
Indian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing ...
Fusion Finance turns profitable as asset quality improves sharplyFusion Finance reported a Rs 62.4 crore Q1 profit, reversing a year-ago loss, as improving asset quality lifted performance. Gross NPA decl...
SBI shares rise nearly 2% after Q1 beat. Here's what Nomura, Morgan Stanley and other top brokerages expect nextSBI shares gained 1.55% after the lender reported a 10% YoY rise in Q1 FY27 standalone net profit to Rs 21,121 crore, beating Street estima...
Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
Invoice discounting: Know how this fund-raising option works, its types, benefits and drawbacksIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...