Banking & Finance

Balance-level delinquencies in credit card segment stood at 1.8% in Q1FY25 – highest among all other credit divisions. Balance-level delinquencies…

The report, which tracks digital loans for the June quarter, highlights disbursement trends from 33 FACE members. Loans disbursed by…

Banks are urging changes to insolvency regulations to prevent promoters from manipulating their companies’ size to qualify as MSMEs and…

Axis Bank, the country’s third-largest private lender, was hit with a Rs 1.9 crores (US$229,000) penalty from the Reserve Bank…

In addition to the Companies Act amendments, the Ministry of Corporate Affairs is also working on changes to the Insolvency…

Under CGTMSE, the guarantee cover available for micro enterprises is up to 85% for loans up to Rs 5 lakhs,…

The number of Global Capability Centres (GCCs) set up in India, increased to around 1,700 in fiscal 2024, generating $64.6…

More than half of all the businesses that secured approvals for their debt resolution schemes and about two-thirds of the…

Reserve Bank of India Governor, Shaktikanta Das received an ‘A+’ rating from Global Finance magazine, ranking the top central banker…