Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...
24 Jun, 2026, 09.06 AM IST
Banks seek RBI clarity on leveraged NRI FCNR deposit structuresIndian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, li...
22 Jun, 2026, 05.30 AM IST
Sena (UBT) crisis: Operation successful, says Fadnavis; I never leave operations incomplete, asserts ShindeMaharashtra Chief Minister Devendra Fadnavis declared "Operation Tiger" successful, indicating defections from the Shiv Sena (UBT) to the E...
21 Jun, 2026, 09.55 PM IST
Bain Capital CLO tranche defaults in post-2008 first for EuropeA European collateralised loan obligation managed by Bain Capital has defaulted on its most junior tranche, marking the first such failure ...
20 Jun, 2026, 10.24 AM IST
AI boom heading for a dot-com-style bust? ‘Dean of Valuation’ Aswath Damodaran warns correction could be more painful than 2008Global finance expert Aswath Damodaran warns AI's massive infrastructure spending, funded by debt, poses a greater risk than the dot-com cr...
20 Jun, 2026, 10.19 AM IST
NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...
20 Jun, 2026, 06.30 AM IST
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...
19 Jun, 2026, 09.01 PM IST
India's consumption story coming back to life and the timing couldn't be better: Ashi AnandIndian consumers are set for a strong recovery. Falling interest rates and potential oil price drops are boosting confidence. Tax cuts are ...
19 Jun, 2026, 10.35 AM IST
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
17 Jun, 2026, 12.23 PM IST
Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...
16 Jun, 2026, 11.57 PM IST
SP Group seeks more time to repay bonds nearing maturityShapoorji Pallonji Group has reduced its ₹28,500 crore refinancing by ₹3,500 crore and is seeking a two-month extension on ₹14,300 crore of...
15 Jun, 2026, 06.06 AM IST
Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...
13 Jun, 2026, 12.55 AM IST
PSBs may lose the edge over private peers as tightening liquidity, rising credit costs may impact growthPublic sector banks' advantage over private lenders is fading. Excess liquidity and low credit costs are diminishing. Liquidity coverage ra...
12 Jun, 2026, 01.31 AM IST
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
10 Jun, 2026, 05.52 PM IST
Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
10 Jun, 2026, 02.23 PM IST
You'll always have mummy-papa bankAfter spending 46 years as a sadhu, an Indian man returned to his hometown, humbly requesting alms from his aging mother. This poignant mom...
10 Jun, 2026, 12.05 AM IST
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
09 Jun, 2026, 11.39 AM IST