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

"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' ...

India's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...

The Reserve Bank of India has identified growing concerns within the booming private credit market. The central bank's latest report highli...

Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by ...

The year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new ...

Market expert Sandip Sabharwal sees private banks entering a robust phase driven by accelerating credit growth and easing margin pressures....

HDFC Bank's extensive legal review found no evidence in board records to support concerns raised by former Chairman Atanu Chakraborty's res...

Bank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...

Swiss financial regulator Marlene Amstad urges banks and watchdogs to rapidly adopt new technology to counter escalating cybersecurity thre...

Switzerland, a republic, now has a self-proclaimed king, Jonas Lauwiner, who has acquired over 110,000 sq metres of land without payment. H...

The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without ⁠an...

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, accordin...

India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardhold...

Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help them build credit histories and trans...

Axis Bank anticipates disbursing over ₹10,000 crore in MSME loans via the Emergency Credit Line Guarantee Scheme 5.0. The bank is also on t...

Indian funds in Swiss banks saw a decrease in 2025, reaching 3.25 billion Swiss francs. However, customer deposits experienced a significan...