Raghuram Rajan — the former International Monetary Fund chief economist who predicted the global financial crisis more than a decade ago — warned that the […]
Category: BFSI
Irdai to insurers: Cut costs, pass on gains to customers
India’s insurance regulator has asked insurers to slash expenses and pass on those savings to their customers, potentially helping lower policy costs in one of […]
CCI approves SREI Infra Finance’s acquisition by NARCL, IDRCL
Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution […]
New Umbrella Entity: Nothing innovative presented by applicants, says RBI
Six New Umbrella Entity (NUE) hopefuls, including Facebook, Google and Amazon, have failed to present any innovative solution due to which efforts to build an […]
Investment bankers get USD 261.5 million in Q1 despite fall in deal making activities: Report
Despite a massive fall in deal making in the March quarter, deal makers laughed their way to the bank with USD 261.5 million in investment […]
Bank of Maharashtra logs 30% loan growth; total business crosses Rs 4 lakh crore in Q4
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the […]
Bandhan Bank’s total deposits rise 12.2 pc in Q4 FY23
Bandhan Bank’s total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the […]
Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore
The Centre has exceeded the revised Direct tax target for the financial year 2022-23 by Rs 11,000 crore, on the back of a resilient economy, […]
Axis Bank CEO flags risks of slowing economic growth, says ‘not everything is ok’
Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations for growth might have to […]
Bank of Baroda stops clearing payment for above-cap Russian oil
India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources […]